O'Dowd William IV 4

What Happened
William O'Dowd IV, CEO of Dolphin Entertainment, purchased 3,150 shares of Dolphin Entertainment stock in open‑market transactions on April 6, 2026. The filing reports a weighted average purchase price of $1.57 per share for a total outlay of approximately $4,946. This was a purchase (a bullish signal in that it adds to insider holdings rather than a sale).

Key Details

• Transaction date: 2026-04-06; Form 4 filed: 2026-04-08 (filed within the typical 2‑business‑day window).
• Quantity and price: 3,150 shares at a weighted average price of $1.57; total ≈ $4,946.
• Price range: purchases occurred at prices between $1.54 and $1.62; the $1.57 is a weighted average (Footnote F1).
• Shares owned after transaction: not specified in the information provided.
• Related entities: Footnotes note Dolphin Entertainment, LLC and Dolphin Digital Media Holdings LLC are wholly owned by William O'Dowd IV (F2, F3).
• No indication of a 10b5-1 plan, award, exercise, gift, or tax withholding in the supplied details.

Context
This is a straightforward open‑market purchase by the company CEO. Purchases by executives can be interpreted by some investors as a signal of confidence, but filings are factual records of transactions and do not state motives. The filing appears timely. The footnote offers to provide a per‑price breakdown of the multiple trades that make up the weighted average if requested (F1).