O'Dowd William IV 4

What Happened
William O'Dowd IV, CEO of Dolphin Entertainment (DLPN), reported purchasing 3,000 shares on 2026-02-09 in open-market/private purchase transactions (code P). The reported weighted average price was $1.64 per share, for a total reported value of $4,920. This was a purchase (a direct acquisition), which investors often view as a more informative signal than routine sales.

Key Details

• Transaction date: February 9, 2026; Form 4 filed February 11, 2026 (appears timely).
• Reported shares purchased: 3,000; reported weighted average price: $1.64; total value: $4,920.
• Price range: purchases occurred at prices between $1.61 and $1.69 (footnote F1); the $1.64 is a weighted average. The reporting person will provide a breakdown of purchases by price on request.
• Shares owned after transaction: not specified in the information provided.
• Related entities: Dolphin Entertainment, LLC and Dolphin Digital Media Holdings LLC are wholly owned by William O'Dowd IV (footnotes F2 & F3).

Context

• Code P indicates a purchase (open market or private purchase). Purchases by insiders are often watched closely by retail investors as a potential bullish signal, though they do not prove future company performance.
• No options exercise, award, gift, or tax-withholding actions were reported in this filing.