MERRIMAN D JONATHAN 4
4 · PodcastOne, Inc. · Filed Mar 11, 2026
Research Summary
AI-generated summary of this filing
PodcastOne (PODC) Director Merriman Receives 32,911 RSU Award
What Happened
Jonathan Merriman, a director of PodcastOne, was granted 32,911 Restricted Stock Units (RSUs) on March 9, 2026 as compensation for board service. The award was reported on a Form 4 filed March 11, 2026. The grant is recorded as a derivative award (transaction code A) with a reported acquisition price of $0.00 at grant — no cash changed hands at the time of the grant.
Key Details
- Transaction date: 2026-03-09; Form 4 filed: 2026-03-11 (timely filing).
- Grant: 32,911 RSUs; reported price: $0.00; transaction code: A (award/grant).
- Vesting: RSUs vest on March 31, 2026, subject to continued board service through that date.
- Settlement: Each RSU represents a contingent right to one share of common stock or the cash value thereof; the Board will determine payout form (stock and/or cash).
- Deferral option: Merriman may elect to defer settlement until he leaves the Board or up to five years after the vesting date.
- Shares owned following the transaction: not specified in the provided filing excerpt.
- Footnote: RSUs were granted as director fees covering Oct 1, 2024–Sep 30, 2025.
Context
This is a compensation grant (derivative award) for board service, not an open-market purchase or sale. RSU grants are common for non-employee directors and only convert into actual shares or cash upon vesting/settlement; the economic value realized will depend on the form of payout and the stock price at settlement.
Insider Transaction Report
- Award
Restricted Stock Units
[F1]2026-03-09+32,911→ 32,911 total→ Common Stock, $0.00001 par value (32,911 underlying)
Footnotes (1)
- [F1]The Restricted Stock Units (the "RSUs") were granted to the Reporting Person as director fees for service on the Issuer's board of directors (the "Board") for the period from October 1, 2024 to September 30, 2025. The RSUs shall vest on March 31, 2026 (the "Vesting Date"), subject to the Reporting Person's continued service on the Board through the Vesting Date. Each RSU represents a contingent right to receive one share of the Issuer's common stock or the cash value thereof. The Board, in its sole discretion, will determine in accordance with the terms and conditions of the Issuer's 2022 Equity Incentive Plan the form of payout of the RSUs (cash and/or stock). The Reporting Person shall have the option to defer the settlement of the RSUs until the earlier of such time as the Reporting Person is no longer serving on the Board or up to five years from the vesting date.