Form 4: PodcastOne Director Boosts Stake with Share Purchase

PodcastOne Director D. Jonathan Merriman acquired 7,373 shares of common stock at $2.47 per share, increasing his beneficial ownership.

Summary

• D. Jonathan Merriman, a Director and 10% Owner of PodcastOne, Inc. (PODC), purchased 7,373 shares of common stock.
• The transaction occurred on November 26, 2025, at a price of $2.47 per share.
• Following this transaction, Merriman beneficially owns a total of 493,104 shares of common stock.
• This includes 216,452 shares held directly, 271,452 shares held indirectly through the D. Jonathan and Odile Merriman Family Trust, and 5,200 shares held indirectly in a custodial account for his son.
• The transaction was made pursuant to a Rule 10b5-1(c) plan.

Sentiment

Score: 7

Explanation: The purchase of shares by a director and 10% owner is a strong positive signal, indicating insider confidence. The Rule 10b5-1 plan suggests a pre-planned, rather than opportunistic, purchase, which is neutral to slightly positive.

Positives

• A Director and 10% Owner increasing their stake signals confidence in the company's future prospects.
• The purchase was made at $2.47 per share, indicating a specific valuation point for the insider.

Future Outlook

NA

Industry Context

This insider purchase by a director and significant shareholder of PodcastOne, Inc. suggests continued belief in the company's strategy and market position within the competitive podcasting and audio content industry. While a single transaction, it can be viewed as a positive signal amidst broader industry trends of consolidation and increasing monetization efforts.

Related Party Transactions

• The indirect ownership of 271,452 shares through the D. Jonathan and Odile Merriman Family Trust and 5,200 shares in a custodial account for the Reporting Person's son are disclosed, with the Reporting Person disclaiming beneficial ownership except for pecuniary interest.

Stakeholder Impact

• Shareholders may view this insider purchase as a positive indicator of management's confidence in the company's future, potentially influencing investor sentiment positively.

Key Dates

Recommendation

A significant purchase by a director and 10% owner, especially when executed under a Rule 10b5-1 plan, typically signals strong insider confidence in the company's valuation and future prospects. This action suggests that management believes the stock is undervalued or poised for growth, making it a favorable signal for potential investors.

Keywords

PodcastOne, PODC, D. Jonathan Merriman, Insider Trading, Form 4, Share Purchase, Director, Beneficial Ownership, Equity Acquisition, Rule 10b5-1