[Form 4] PodcastOne, Inc. Insider Trading Activity
Rhea-AI Filing Summary
D. Jonathan Merriman, a director of PodcastOne, Inc. (PODC), reported a purchase of 11,100 shares of common stock on 08/22/2025 at a price of $1.49 per share. The Form 4 shows the reporting person holds shares indirectly through the D. Jonathan and Odile Merriman Family Trust and a custodial account for his son; the trust-held shares are reported as 232,379 (indirect) and the custodial account holds 5,200 (indirect). The document is signed and dated 08/26/2025.
The filing discloses the director status of the reporting person and identifies the trust and custodial arrangements as the sources of indirect ownership; no derivative transactions or additional material disclosures are included.
Positive
- None.
Negative
- None.
Insights
TL;DR: Director made a routine open-market purchase of 11,100 shares; disclosure is standard and not materially transformative.
The Form 4 reports an 08/22/2025 purchase of 11,100 shares at $1.49 by a director, increasing reported indirect holdings tied to a family trust. Insider buys can be a signal of confidence, but this disclosure lacks context on timing relative to corporate events or material information. The transaction size relative to total outstanding shares is not provided, limiting assessment of market impact. No derivatives or sales are reported that would suggest complex compensation or hedging.
TL;DR: Disclosure complies with Section 16 requirements and clarifies indirect ownership via trust and custodial account.
The filing clearly identifies the reporting person as a director and explains indirect ownership through the D. Jonathan and Odile Merriman Family Trust and a custodial account under the Uniform Transfers to Minors Act. The explanatory footnotes appropriately disclaim beneficial ownership except for pecuniary interests. Signature and dates are present, indicating a timely, complete Form 4 filing; there are no governance red flags or unreported relationships in the provided text.