O'Dowd William IV 4

What Happened
William O'Dowd IV, Chief Executive Officer of Dolphin Entertainment (DLPN), purchased 2,900 shares on March 9, 2026. The filings report a weighted average purchase price of $1.67 per share (range $1.65–$1.72), for a total outlay of approximately $4,843. This was a purchase (reported with code P), which is generally interpreted as a buy rather than a sale.

Key Details

• Transaction date: 2026-03-09; Transaction type: Purchase (P), open-market transactions reported in multiple tranches.
• Price: Weighted average $1.67; range of individual trade prices $1.65 to $1.72 (Footnote F1).
• Shares acquired: 2,900; Total value: ~$4,843.
• Shares owned after transaction: Not disclosed in the provided filing details.
• Notable footnotes: F1 explains the weighted-average price and that the reporter can provide per-trade breakdowns on request; F2 and F3 note Dolphin Entertainment, LLC and Dolphin Digital Media Holdings LLC are wholly owned by William O'Dowd IV.
• Filing timeliness: Report lists the same transaction and report date (2026-03-09); no late filing indicated.

Context
This was a straight purchase reported by the CEO rather than an option exercise, gift, or tax-related withholding. Purchases by insiders can be of interest to investors as one data point on insider activity, but they should be considered alongside other fundamentals and disclosures.