Form 4: Former CEO Tirman Reports CAUD Holdings Post-Resignation

Jeffrey Tirman, former CEO and director of Collective Audience, Inc., filed a Form 4 detailing his indirect beneficial ownership of common stock and warrants following his resignation.

Summary

• Jeffrey Tirman, former CEO, CFO, and director of Collective Audience, Inc. (CAUD), filed a Form 4 statement of changes in beneficial ownership.
• He resigned from all officer and director positions with Collective Audience, Inc. on October 7, 2025.
• The filing reports his indirect beneficial ownership of 180,559,610 shares of Collective Audience, Inc. common stock.
• He also indirectly beneficially owns 294,598 warrants, which are exercisable at $11.5 per share starting November 2, 2024, and expire on November 2, 2028.
• These securities are held of record by Abri Ventures I, LLC, which is managed by Abri Advisors Inc., where Mr. Tirman serves as Chief Executive Officer.
• Mr. Tirman disclaims beneficial ownership of these securities except to the extent of his pecuniary interest.
• The filing indicates that a transaction was made pursuant to a contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 5

Explanation: The filing is neutral, as it is a factual report of insider holdings and a management resignation, not a performance or strategic update.

Future Outlook

The filing does not provide any forward-looking statements or guidance regarding the company's future performance or strategy.

Management Comments

• "Mr. Tirman disclaims any such beneficial ownership, except to the extent of his pecuniary interest."

Industry Context

This Form 4 filing is a standard regulatory disclosure of insider ownership and management changes, and it does not contain information relevant to broader industry trends or competitive analysis.

Management Changes

Related Party Transactions

• Jeffrey Tirman's beneficial ownership of 180,559,610 shares of common stock and 294,598 warrants is indirect, held through Abri Ventures I, LLC. Abri Ventures I, LLC is managed by Abri Advisors Inc., where Mr. Tirman serves as Chief Executive Officer.

Stakeholder Impact

• Shareholders: Provides transparency regarding the beneficial ownership of a significant former insider and the departure of a key executive (former CEO, CFO, and director).

Key Dates

Keywords

Collective Audience, CAUD, Jeffrey Tirman, Form 4, insider ownership, beneficial ownership, warrants, common stock, resignation, 10b5-1 plan