PodcastOne President Christopher Gray Receives RSU Awards

What Happened Christopher Gray, President of PodcastOne (PODC), received two restricted stock unit (RSU) awards totaling 150,000 RSUs: 100,000 RSUs granted on 2025-06-23 and 50,000 RSUs granted on 2026-03-09. Each RSU is a contingent right to one share of common stock (or cash value) and the grants were recorded at $0 per share (derivative awards). These are awards/bonus compensation rather than open-market purchases or sales.

Key Details

• Transaction type: Award/Grant (Code A) of RSUs (derivative securities).
• Grants: 100,000 RSUs on 2025-06-23; 50,000 RSUs on 2026-03-09. Both reported at $0.00 per unit.
• Vesting: 100,000 RSUs vest in full on April 21, 2027 (per footnote F2) — vesting is unconditional as to employment status; 50,000 RSUs vest in full on January 8, 2028 (per footnote F3).
• Special condition: The 100,000-RSU grant is subject to stockholder approval of an amendment to the 2022 Equity Incentive Plan at the 2026 annual meeting (per footnote F2).
• Nature of awards: RSUs are contingent rights to receive shares or cash at payout, to be determined by the board under the plan (per footnote F1).
• Shares owned after transaction: Not specified in the Form 4 filing.
• Filing timeliness: Form 4 was filed on 2026-07-28 while the earlier grant was dated 2025-06-23 and the later grant 2026-03-09 — this filing appears late relative to the usual two-business-day reporting requirement.

Context

• These entries are derivative awards (RSUs), not purchases or sales; they do not represent immediate stock purchases or cash proceeds. Payout may be in shares or cash as determined by the board under the plan.
• Grants described are bonus compensation tied to milestone achievement and include firm vesting dates that are not contingent on continued employment.
• Because the filing appears late, investors should be aware the market may have already absorbed the information before reporting; late filings do not by themselves indicate intent or insider sentiment.