Form 4: PodcastOne Director Receives Stock Units
Statement of Changes in Beneficial Ownership
PodcastOne, Inc. director James Berk was granted 32,911 Restricted Stock Units (RSUs) as compensation for board service.
Summary
- James Berk, a Director at PodcastOne, Inc., received 32,911 Restricted Stock Units (RSUs) on March 9, 2026.
- These RSUs were granted as director fees for service on the board from October 1, 2024, to September 30, 2025.
- The RSUs vested on March 31, 2026.
- Each RSU represents a contingent right to receive one share of PodcastOne's common stock or its cash equivalent.
- The form of payout (cash and/or stock) will be determined by the Board.
- Berk has the option to defer settlement of the RSUs up to five years from the vesting date or until he is no longer serving on the Board.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it represents standard director compensation and does not indicate significant new financial performance or strategic shifts.
Positives
- Director compensation in the form of equity aligns incentives with shareholders.
- The grant of RSUs indicates continued engagement and commitment from a board member.
Risks
- The value of the RSUs is subject to the future performance and stock price of PodcastOne, Inc.
- Potential for deferred settlement could impact immediate cash flow for the recipient if stock is sold.
Future Outlook
The future outlook for the RSUs depends on the company's performance and the board's decision regarding the form of payout (cash or stock), with the option for the recipient to defer settlement.
Industry Context
StockSavvy.ai notes that the issuance of Restricted Stock Units (RSUs) as director compensation is a common practice in the media and technology sectors, aiming to align executive and board interests with long-term shareholder value.
Stakeholder Impact
- Shareholders: The issuance of RSUs is a form of compensation that dilutes existing ownership slightly, but also aligns director interests with long-term company performance.
- Employees: Standard compensation practice, unlikely to have direct impact.
- Management: Standard compensation practice, unlikely to have direct impact.
Next Steps
- The Board will determine the form of payout for the RSUs (cash and/or stock).
- James Berk may choose to defer settlement of the RSUs up to five years from the vesting date or until he is no longer serving on the Board.
Key Dates
| Date | Description |
|---|---|
| 2024-10-01 | Start of director service period for which RSUs were granted |
| 2025-09-30 | End of director service period for which RSUs were granted |
| 2026-03-09 | Transaction Date for the grant of Restricted Stock Units |
| 2026-03-31 | Vesting date of the Restricted Stock Units |
| 2026-04-08 | Date the Form 4 was signed by the Reporting Person |
Keywords
PodcastOne, PODC, Form 4, SEC Filing, Restricted Stock Units, RSUs, Director Compensation, Equity Incentive Plan, Beneficial Ownership, James Berk
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