MERRIMAN D JONATHAN 4

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.