Arani Ramin 4

What Happened

• Arani Ramin, a director of PodcastOne, had 38,396 restricted stock units (RSUs) vest and convert into 38,396 shares of common stock on March 31, 2026. The Form 4 reports an "M" code (exercise/conversion of derivative) for the acquisition and a matching "M" disposition line showing $0.00 per share. Footnotes state each RSU converts one-for-one into common stock and that these RSUs were granted as director fees for service covering Oct 1, 2024 to Sep 30, 2025.

Key Details

• Transaction date: 2026-03-31 (conversion/settlement of RSUs)
• Reported filing date: 2026-04-14 (filed ~14 days after the transaction; outside the usual 2-business-day Form 4 window)
• Shares converted/issued: 38,396
• Price shown on disposition line: $0.00 (reflects conversion/settlement, not an open-market sale)
• Footnotes: F1 — RSUs convert one-for-one; F2 — vested RSUs were settled on the reported date as director fees for Oct 1, 2024–Sep 30, 2025
• Shares owned after the transaction: not specified in the provided filing summary

Context

• This was not an open-market purchase or sale by the director but the settlement of previously granted RSUs into shares as compensation for board service. The matching $0.00 disposition line and the footnotes indicate conversion/settlement rather than a cash sale. Such awards are routine director compensation and should be interpreted as issuance of compensation shares, not necessarily a buy/sell signal.