RSU grant gives PodcastOne (PODC) director 32,911 units for board service
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MERRIMAN D JONATHAN reported acquisition or exercise transactions in this Form 4 filing.
PodcastOne, Inc. director Jonathan D. Merriman received a grant of 32,911 Restricted Stock Units as board fees for service from October 1, 2024 to September 30, 2025. These RSUs vest on March 31, 2026, contingent on his continued board service through that date.
Each RSU represents a right to receive one share of common stock or its cash value, with the form of payout (cash and/or stock) determined by the board under the 2022 Equity Incentive Plan. Merriman may elect to defer settlement until he leaves the board or up to five years after vesting. Following this award, he holds 32,911 RSUs directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
MERRIMAN D JONATHAN
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 32,911 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 32,911 shares (Direct)
Footnotes (1)
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FAQ
What did PodcastOne (PODC) director Jonathan Merriman receive in this Form 4?
Jonathan Merriman received a grant of 32,911 Restricted Stock Units as board compensation. The award covers his service on PodcastOne’s board from October 1, 2024 to September 30, 2025, and is reported as an acquisition of derivative securities.
When do Jonathan Merriman’s 32,911 PodcastOne (PODC) RSUs vest?
The 32,911 Restricted Stock Units vest on March 31, 2026. Vesting is conditioned on Merriman continuing to serve on PodcastOne’s board of directors through that vesting date, aligning the award with ongoing director service over the covered period.
How can Jonathan Merriman’s PodcastOne (PODC) RSUs be settled?
Each RSU can be settled in either one share of common stock or the cash value of a share. PodcastOne’s board, under the 2022 Equity Incentive Plan, decides the mix of cash and/or stock when the RSUs are ultimately settled.
Can the settlement of PodcastOne (PODC) RSUs be deferred by Jonathan Merriman?
Yes. Merriman may defer settlement of the RSUs until the earlier of when he no longer serves on the board or up to five years after the March 31, 2026 vesting date, providing flexibility on when he receives stock or cash.
How many PodcastOne (PODC) RSUs does Jonathan Merriman hold after this transaction?
After this grant, Merriman holds 32,911 Restricted Stock Units directly. These RSUs are derivative securities tied to PodcastOne common stock and will only convert into shares or cash once they vest and are settled in the future.
Is this PodcastOne (PODC) Form 4 a stock purchase or sale by Jonathan Merriman?
No. The Form 4 reports a grant of 32,911 Restricted Stock Units as director compensation, not an open-market stock purchase or sale. The RSUs were awarded at no cost and will vest later, subject to continued board service.