Wachsberger Patrick D 4
4 · PodcastOne, Inc. · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
PodcastOne (PODC) Director Patrick Wachsberger Receives Award
What Happened Patrick D. Wachsberger, a director of PodcastOne, was granted 34,740 restricted stock units (RSUs) on March 9, 2026 as director fees. The grant is reported on Form 4 as an award/acquisition (derivative) at $0.00 per unit (reported acquisition value $0). The RSUs represent a contingent right to receive one share each (or the cash value) upon vesting.
Key Details
- Transaction date: 2026-03-09; reported on Form 4 filed 2026-03-17 (appears filed after the usual two-business-day window).
- Award: 34,740 RSUs; reported price: $0.00 per unit (derivative grant).
- Vesting: RSUs vest on March 31, 2026, subject to continued board service through the vesting date.
- Settlement: The Board will decide whether payout is in shares, cash, or a combination; the reporting person may defer settlement until leaving the board or up to five years after vesting.
- Shares owned after transaction: not disclosed in the provided filing.
- Footnote: Granted as director fees for the October 1, 2024–September 30, 2025 service period; settlement and deferral rights described in footnote.
Context RSU grants to non-employee directors are common compensation and are different from open-market purchases or sales — they don't represent an immediate buy or sell of existing shares. Because these are contingent RSUs (derivatives), any economic value depends on vesting and the Board’s decision on cash vs. stock settlement. The later filing date may be a tardy Form 4 filing, which is primarily an administrative/timeliness issue rather than a change in the grant terms.
Insider Transaction Report
- Award
Restricted Stock Units
[F1]2026-03-09+34,740→ 34,740 total→ Common Stock, $0.00001 par value (34,740 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.