LiveOne, Inc. 4

What Happened LiveOne, listed as a 10% owner of PodcastOne, exercised/converted a derivative instrument and acquired 1,100,000 common shares on May 11, 2026. The filing shows an acquisition (code A) of 1,100,000 shares at $3.00 per share (total value $3,300,000) and a simultaneous conversion/exercise of a derivative (code M) for 1,100,000 units with $0 reported proceeds (the derivative was converted into shares).

This is an institutional acquisition (not an executive or officer sale), representing a direct purchase/issuance of stock rather than a sale to the market.

Key Details

• Transaction date: May 11, 2026; Form 4 filed May 13, 2026 (within the standard two-business-day reporting window).
• Acquired: 1,100,000 shares at $3.00 per share — aggregate reported value $3,300,000 (code A).
• Derivative activity: 1,100,000 derivative units converted/exercised (code M) with $0 proceeds reported — typical when options/rights are converted into shares.
• Shares owned after transaction: not specified in the information provided in this summary.
• Notable: Insider is a 10% owner (institutional/strategic holder), not an individual officer. No 10b5-1 plan, tax withholding, or late-filing flags were reported in the provided details.

Context

• For retail investors: an A + M pairing like this generally means the holder converted a derivative instrument (options, warrants or convertible) into common stock and recognized an acquisition at the stated price. It does not indicate an immediate sale of the newly acquired shares.
• As a 10% owner, LiveOne's transactions reflect institutional/strategic ownership changes rather than routine insider compensation or executive trading. Purchases/acquisitions can be more informative than sales, but they do not by themselves explain motives.