PodcastOne director exercises 34,740 RSUs
PodcastOne, Inc. director Patrick D. Wachsberger exercised previously granted Restricted Stock Units, converting 34,740 RSUs into the same number of common shares on March 31, 2026.
Rhea-AI Filing Summary
PodcastOne, Inc. director Patrick D. Wachsberger exercised previously granted Restricted Stock Units, converting 34,740 RSUs into the same number of common shares on March 31, 2026. These RSUs were granted as director fees for service from October 1, 2024 to September 30, 2025.
Each vested RSU converted into one share of common stock. Following the settlement, Wachsberger directly holds 84,604 shares of PodcastOne common stock. The filing reflects compensation-related equity settlement rather than any open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
34,740 shares exercised/converted
Exercise
2 txns
Insider
Wachsberger Patrick D
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 34,740 | $0.00 | $0.00 |
| Exercise | Common Stock, $0.00001 par value | 34,740 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Common Stock, $0.00001 par value — 84,604 shares (Direct)
Footnotes (2)
- F1. Restricted Stock Units convert into the Issuer's common stock on a one-for-one basis.
- F2. Represents vested Restricted Stock Units (the "RSUs") that were settled on the reported date, which RSUs were previously granted to the Reporting Person as director fees for service on the Issuer's board of directors for the period from October 1, 2024 to September 30, 2025. Each vested RSU was settled by the Issuer by delivery to the Reporting Person of one share of Issuer's common stock.
Key Figures
RSUs exercised: 34,740 units
Common shares received: 34,740 shares
Post-transaction holdings: 84,604 shares
+3 more
6 metrics
RSUs exercised
34,740 units
Restricted Stock Units converted to common stock on March 31, 2026
Common shares received
34,740 shares
One-for-one conversion of vested RSUs into common stock
Post-transaction holdings
84,604 shares
Common stock directly held by Wachsberger after RSU settlement
Transaction price per share
$0.0000
Exercise price for RSUs converting into common stock
Service period for RSUs
October 1, 2024 to September 30, 2025
Board service period covered by RSU director fee grant
Exercise transactions
1 exercise, 34,740 shares
transactionSummary exerciseCount and exerciseShares
Key Terms
Restricted Stock Units, Exercise or conversion of derivative security, director fees, derivative security
4 terms
Restricted Stock Units financial
"Restricted Stock Units convert into the Issuer's common stock on a one-for-one basis."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
director fees financial
"previously granted to the Reporting Person as director fees for service on the Issuer's board"
derivative security financial
"transaction_action": "derivative exercise/conversion""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Patrick D. Wachsberger report for PODC?
Patrick D. Wachsberger exercised 34,740 Restricted Stock Units into common shares. The RSUs represented director compensation and were settled in PodcastOne common stock, reflecting equity-based fees for his board service rather than an open-market share purchase or sale.
Were Patrick D. Wachsberger’s PODC transactions open-market buys or sells?
No, the transactions were not open-market buys or sells. The Form 4 shows an "M" code derivative exercise where 34,740 Restricted Stock Units vested and converted into common shares at $0.0000 per share as equity compensation.
What period of service did the reported RSUs for PodcastOne (PODC) cover?
The vested RSUs compensated service from October 1, 2024 to September 30, 2025. The Form 4 notes that these Restricted Stock Units were granted as director fees for Wachsberger’s board service during that specified one-year period.
What does the Form 4 reveal about remaining derivative positions for PODC?
The filing’s derivative summary shows no remaining derivative securities. The 34,740 Restricted Stock Units were exercised and settled into common stock, and no additional derivative holdings are listed in the derivativeSummary for Wachsberger after this transaction.
How were Patrick D. Wachsberger’s PODC RSUs converted into common stock?
Each Restricted Stock Unit converted into one share of common stock. Footnotes state the RSUs convert to PodcastOne common stock on a one-for-one basis, and each vested RSU was settled by delivering one share of common stock to Wachsberger.
AI-generated analysis. How Rhea-AI works. Not financial advice.
