Form 4: PodcastOne Director Buys 11,000 Shares

PodcastOne, Inc. Director and 10% owner D. Jonathan Merriman acquired 11,000 shares of common stock at $2.20 per share.

Summary

• D. Jonathan Merriman, a Director and 10% owner of PodcastOne, Inc. (PODC), purchased 11,000 shares of common stock.
• The transaction occurred on November 19, 2025, at a price of $2.20 per share.
• Following this transaction, Merriman's direct beneficial ownership stands at 216,452 shares.
• Additionally, 264,079 shares are held indirectly by the D. Jonathan and Odile Merriman Family Trust, and 5,200 shares are held indirectly in a custodial account for his son.
• Merriman disclaims beneficial ownership of the indirectly held shares except for his pecuniary interest.

Sentiment

Score: 7

Explanation: The purchase of shares by a director and 10% owner is a positive signal, indicating management's confidence in the company's value. The future transaction date is unusual but doesn't negate the positive sentiment of an insider buy.

Positives

• A Director and 10% owner, D. Jonathan Merriman, purchased 11,000 shares of common stock, indicating confidence in the company's future prospects.
• The purchase price of $2.20 per share suggests management believes the stock is undervalued at that price point.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance.

Industry Context

Insider buying by a director and significant shareholder can signal internal confidence in the company's strategy and future performance within the podcasting and digital media industry, potentially attracting investor interest.

Related Party Transactions

• The filing notes indirect beneficial ownership through the D. Jonathan and Odile Merriman Family Trust and a custodial account for the reporting person's son, which are considered related party holdings.

Stakeholder Impact

• Shareholders may view the insider purchase as a positive indicator of the company's prospects, potentially increasing investor confidence.
• The transaction itself does not directly impact employees, customers, suppliers, or creditors.

Key Dates

Recommendation

The purchase of shares by a director and 10% owner, D. Jonathan Merriman, signals strong insider confidence in PodcastOne, Inc.'s valuation and future prospects. Such an action by a well-informed insider often precedes positive company developments or indicates a belief that the stock is undervalued, making it a 'buy' signal for investors.

Keywords

PodcastOne, PODC, Insider Trading, Form 4, Stock Purchase, Director, Beneficial Ownership, Equity, Merriman