Form 4: PodcastOne Chief Revenue Officer Sue McNamara Reports Stock Transactions
SEC Form 4
Sue McNamara, Chief Revenue Officer of PodcastOne, reports the acquisition and disposal of common stock and settlement of restricted stock units to cover tax obligations.
Summary
- Sue McNamara, the Chief Revenue Officer of PodcastOne, filed a Form 4 detailing changes in her beneficial ownership of the company's stock.
- On February 23, 2024, 62,500 restricted stock units (RSUs) vested and were settled, converting into common stock on a one-for-one basis.
- McNamara also disposed of shares on February 23, 2024 (804 shares at $1.8331), February 26, 2024 (2,659 shares at $1.9011), February 27, 2024 (10,695 shares at $1.7237), and February 28, 2024 (14,500 shares at $1.616).
- These disposals were executed by the Issuer's broker to cover McNamara's tax withholding obligations related to the RSU settlement.
- Following these transactions, McNamara directly owns 35,750 shares of PodcastOne common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the sales were primarily to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| August 9, 2023 | Date of the Employment Agreement between Sue McNamara and PodcastOne. |
| February 13, 2024 | Date of transaction involving Restricted Stock Units. |
| February 23, 2024 | Date of RSU settlement and sale of shares to cover tax obligations. |
| February 26, 2024 | Date of sale of shares to cover tax obligations. |
| February 27, 2024 | Date of sale of shares to cover tax obligations. |
| February 28, 2024 | Date of sale of shares to cover tax obligations. |
| March 01, 2024 | Date of signature on the Form 4. |
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