Form 4: PodcastOne Director Merriman Increases Stake in Company

Director D. Jonathan Merriman reports purchasing additional shares of PodcastOne, Inc. common stock in multiple transactions on June 3, 2024.

Summary

• On June 3, 2024, D. Jonathan Merriman, a director of PodcastOne, Inc., purchased 28,839 shares of common stock at a weighted average price of $1.86, with individual prices ranging from $1.80 to $1.95.
• Merriman also purchased 20,000 shares at a weighted average price of $2.00, with individual prices ranging from $1.95 to $2.05.
• Following these transactions, Merriman directly owns 28,839 shares and indirectly owns 163,079 shares through the D. Jonathan and Odile Merriman Family Trust.
• Merriman disclaims beneficial ownership of the shares held by the Trust, except for his pecuniary interest.

Sentiment

Score: 7

Explanation: Director's purchase of shares is generally a positive signal, suggesting confidence in the company's prospects. However, the scale of the purchase is relatively small.

Positives

• Director's purchase of shares may signal confidence in the company's future prospects.

Industry Context

Insider buying is often seen as a positive sign, suggesting that those with the most knowledge of the company's prospects are optimistic about its future.

Stakeholder Impact

• The stock purchase could positively influence shareholder sentiment.

Key Dates