PodcastOne (PODC) Director D. Jonathan Merriman Buys 15,700 Shares

What Happened
D. Jonathan Merriman, a director of PodcastOne, purchased 15,700 shares in open-market transactions on August 21, 2026, at a weighted-average price of $2.75 per share, for a total reported outlay of $43,175. This was a purchase (not a sale), which is typically treated by investors as a stronger signal than routine selling, though motivations are not disclosed.

Key Details

• Transaction date and price: 2026-08-21; weighted-average price $2.75; individual trades ranged from $2.70 to $2.81.
• Shares acquired: 15,700; total value ≈ $43,175.
• Shares owned after transaction: Not specified in the information provided in this summary/report.
• Filing timeliness: Form 4 filed 2026-08-25 for the 8/21 trade. That filing date is after the usual 2-business-day Section 16 deadline (appears to be filed late).
• 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.
  • F2: Price is a weighted average; purchases occurred at multiple prices within $2.70–$2.81. Reporting person can provide a breakdown on request.
  • F3: Some shares are held in a custodial UTMA account for his son; Merriman is custodian and disclaims beneficial ownership except for pecuniary interest.

Context
This was a direct open-market purchase (transaction code P). Purchases by insiders are often of interest to retail investors because they show the insider acquiring stock, but filings do not explain the insider’s motives. The reported dollar amount is relatively modest (~$43K).