Espensen Michael 4

What Happened

• Michael Espensen, a director of Dolphin Entertainment, is reported to have acquired 6,623 shares on 2026-03-30. The Form 4 shows an acquisition coded as a purchase at $0.00 (total reported value $0).
• These shares represent Common Stock underlying restricted stock unit awards (RSUs), not an open‑market cash purchase. The RSUs will vest ratably on May 15, 2026; August 15, 2026; November 16, 2026; and March 31, 2027.

Key Details

• Transaction date: 2026-03-30; Report filed: 2026-04-21 (Accession 0001079973-26-000521).
• Reported transaction type/code: P (purchase) with reported price $0.00; total reported acquisition value $0.
• Footnote: F1 — shares are underlying RSUs that vest on 5/15/2026, 8/15/2026, 11/16/2026 and 3/31/2027.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• No indication in the provided data that this filing was marked late (transactionTimeliness not provided).

Context

• These RSU-based shares are subject to vesting; they are not immediately free-trading shares and will typically convert to common stock only as each vesting date is reached (tax withholding may apply at vesting).
• This is an acquisition/award rather than a market purchase or sale, so it reflects compensation/award treatment rather than an open-market investment decision.