Form 4: PodcastOne Director Merriman Increases Stake with $43,680 Purchase

Director D. Jonathan Merriman increased his holdings in PodcastOne, Inc. (PODC) by purchasing 28,000 shares of common stock at an average price of $1.56 on July 16, 2024.

Summary

• On July 16, 2024, D. Jonathan Merriman, a director of PodcastOne, Inc. (PODC), purchased 28,000 shares of common stock.
• The shares were bought at a weighted average price of $1.56, with individual prices ranging from $1.54 to $1.59.
• The total value of the purchase was approximately $43,680.
• Following the transaction, Merriman directly owns 126,539 shares and indirectly owns 163,079 shares through a family trust.
• Merriman disclaims beneficial ownership of the shares held by the D. Jonathan and Odile Merriman Family Trust, except for his pecuniary interest.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. An insider purchase suggests confidence, but the amount is not substantial enough to significantly alter the overall outlook.

Positives

• A director's purchase of company stock can be seen as a positive signal, indicating confidence in the company's future prospects.

Future Outlook

There is no future outlook provided in this document.

Management Comments

• The Reporting Person undertakes to provide to Issuer or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote 1.
• The Reporting Person disclaims beneficial ownership in such shares held by the Trust, except for his pecuniary interest therein.

Industry Context

Insider buying is often monitored by investors as an indicator of management's confidence in the company's prospects. It can be compared to similar transactions by insiders at comparable companies in the podcasting or media space to gauge relative sentiment.

Comparison to Industry Standards

• It's difficult to compare this transaction directly to industry standards without knowing the specific context of PodcastOne's financial situation and growth prospects.
• However, insider buying is generally viewed positively, especially when compared to insider selling.
• Comparing the size of this purchase to similar insider transactions at companies like Spotify or iHeartMedia could provide additional context.

Stakeholder Impact

• The purchase could have a slightly positive impact on shareholder sentiment.

Key Dates