PODC.NASDAQPodcastone, INC

Form 4: PodcastOne Director James Berk Settles Restricted Stock Units for Common Stock

Sentiment:

SEC Form 4 Filing

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Director James Berk of PodcastOne, Inc. settled 75,071 vested Restricted Stock Units (RSUs) for an equal number of common stock shares on March 10, 2025.

Summary

  • On March 10, 2025, James Berk, a director of PodcastOne, Inc., settled 75,071 Restricted Stock Units (RSUs).
  • These RSUs converted into 75,071 shares of PodcastOne's common stock on a one-for-one basis.
  • The RSUs were granted to Mr. Berk as director fees for his service on the Issuer's board of directors from January 23, 2023, to September 30, 2024.
  • Each vested RSU was settled by the Issuer by delivery to the Reporting Person of one share of Issuer's common stock.

Sentiment

Score: 5

Explanation: This is a neutral event; it's a standard transaction related to executive compensation.

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions and provides transparency to investors regarding the holdings and transactions of company insiders.

Stakeholder Impact

  • The settlement of RSUs increases the number of outstanding shares, which could have a minor dilutive effect on existing shareholders.

Key Dates

DateDescription
January 23, 2023Start date of service on the Issuer's board of directors for which RSUs were granted.
September 30, 2024End date of service on the Issuer's board of directors for which RSUs were granted.
March 10, 2025Date of transaction: settlement of 75,071 Restricted Stock Units (RSUs) for common stock.
March 12, 2025Date of signature for the Form 4 filing.

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