Director Merriman adds PodcastOne (PODC) shares via family trust
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PodcastOne, Inc. director D. Jonathan Merriman reported an open-market purchase of 10,000 shares of Common Stock at $1.58 per share. The shares are held indirectly through the D. Jonathan and Odile Merriman Family Trust, where he shares voting and dispositive power but disclaims beneficial ownership except for his pecuniary interest.
The filing also shows 5,200 shares held indirectly in a custodial account for his son under the Uniform Transfers to Minors Act, and 216,452 shares held directly, providing context for his overall economic exposure to PodcastOne stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 10,000 shares ($15,800)
Net Buy
3 txns
Insider
MERRIMAN D JONATHAN
Role
Director
Bought
10,000 shs ($16K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock, $0.00001 par value | 10,000 | $1.58 | $16K |
| holding | Common Stock, $0.00001 par value | -- | -- | -- |
| holding | Common Stock, $0.00001 par value | -- | -- | -- |
Holdings After Transaction:
Common Stock, $0.00001 par value — 242,379 shares (Indirect, See footnote);
Common Stock, $0.00001 par value — 216,452 shares (Direct)
Footnotes (1)
- Represents shares held by the D. Jonathan and Odile Merriman Family Trust (the "Trust"), as the Reporting Person, a trustee of the Trust, holds shared voting and dispositive power over such shares. The Reporting Person disclaims beneficial ownership in such shares held by the Trust, except for his pecuniary interest therein. Represents shares held in a custodial account for the benefit of the Reporting Person's son under the Uniform Transfers to Minors Act, as the Reporting Person, as the custodian of the custodial account, holds voting and dispositive power over such shares. The Reporting Person disclaims beneficial ownership in such shares held by the custodial account, except for his pecuniary interest therein.
FAQ
What insider transaction did PodcastOne (PODC) disclose for D. Jonathan Merriman?
PodcastOne disclosed that director D. Jonathan Merriman reported buying 10,000 shares. The purchase was an open-market transaction at $1.58 per share, increasing the indirect holdings associated with him through a family trust.
What indirect holdings in PodcastOne (PODC) does D. Jonathan Merriman report?
Merriman reports indirect holdings through a family trust and a custodial account. The filing shows 242,379 shares held by the family trust and 5,200 shares in a custodial account for his son, where he has voting and dispositive power.
What ownership disclaimers does D. Jonathan Merriman include for his PodcastOne (PODC) holdings?
Merriman disclaims beneficial ownership of shares held by the trust and custodial account. He notes he has voting and dispositive power but claims only his pecuniary interest in those indirectly held PodcastOne shares.