PodcastOne Director D. Jonathan Merriman Buys Stock

What Happened
D. Jonathan Merriman, a director of PodcastOne, purchased a total of 28,300 shares in open-market transactions: 17,000 shares on 2026-08-14 at a weighted average price of $3.20 (total $54,400) and 11,300 shares on 2026-08-17 at $2.80 (total $31,640). These were purchases (transaction code P), which are generally interpreted as insider buying rather than selling.

Key Details

• Transaction dates and prices:
  • 2026-08-14 — 17,000 shares @ weighted avg $3.20 (range $3.10–$3.30) — $54,400 (Footnote F2).
  • 2026-08-17 — 11,300 shares @ $2.80 — $31,640.
• Total acquired: 28,300 shares for $86,040.
• Shares owned after the transactions: not specified in the summary information provided.
• Notable footnotes:
  • F1: Some 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 pecuniary interest.
  • F3: Some shares are held in a custodial account for his son under the Uniform Transfers to Minors Act; Merriman is custodian and disclaims beneficial ownership except for pecuniary interest.
  • F2: The $3.20 price is a weighted average for multiple trades between $3.10 and $3.30; issuer/SEC staff can request a breakdown.
• Filing/timeliness: Report filed on 2026-08-17 (covering the 8/14 and 8/17 trades); no late filing is indicated.

Context
These were straightforward open-market purchases (code P). Purchases by directors are often considered more informative than sales, but they do not by themselves prove future company performance. The footnotes indicate some shares are held in trust or a custodial account where Merriman has voting/dispositive authority but disclaims beneficial ownership except for pecuniary interest.