PodcastOne, Inc.·4

May 26, 9:55 PM ET

MERRIMAN D JONATHAN 4

Research Summary

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Updated

PodcastOne (PODC) Director Merriman Buys 7,000 Shares

What Happened
D. Jonathan Merriman, a director of PodcastOne, acquired 7,000 shares in an open-market purchase on May 22, 2026 at $4.38 per share, for a total purchase price of $30,660. This was a direct purchase (code P), i.e., the insider bought stock rather than selling or receiving an award.

Key Details

  • Transaction date and price: 2026-05-22, 7,000 shares at $4.38 each (total $30,660).
  • Filing date: Form 4 filed 2026-05-26 reporting the May 22 trade (appears 4 days after the transaction; may be later than the standard 2-business-day Section 16 window).
  • Shares owned after transaction: Not reported in the excerpt of this filing.
  • Footnotes:
    • F1 — Certain shares are held by the D. Jonathan and Odile Merriman Family Trust; Merriman is a trustee with shared voting/dispositive power and disclaims beneficial ownership except for any pecuniary interest.
    • F2 — Some shares are held in a custodial account for Merriman’s son under the Uniform Transfers to Minors Act; Merriman is custodian and disclaims beneficial ownership except for any pecuniary interest.
  • No options exercised, awards, tax-withholding, or 10b5-1 plan were reported in this filing.

Context
Open-market purchases by insiders are often watched by investors as a potential positive signal, since they involve the insider using personal funds to buy shares. This particular purchase is modest in dollar size (~$30.7k) and should be considered alongside other filings, company fundamentals, and market conditions. The trust and custodial-account footnotes clarify that portions of holdings are held in fiduciary capacities, with Merriman disclaiming beneficial ownership except for pecuniary interest.