Form 4: PodcastOne President Christopher Gray Reports Stock Transactions
SEC Form 4
Christopher Gray, President of PodcastOne, reports the settlement of restricted stock units and subsequent sale of shares to cover tax obligations.
Summary
- On February 23, 2024, Christopher Gray, President of PodcastOne, settled 162,500 restricted stock units (RSUs), converting them into an equal number of common stock shares.
- Simultaneously, Gray disposed of 2,043 shares at $1.8331, 6,764 shares at $1.9011, 27,222 shares at $1.7237 and 4,241 shares at $1.616 between February 23 and February 28.
- These sales were executed by the Issuer's broker to cover Gray's tax withholding obligations related to the RSU settlement.
- Following these transactions, Gray directly owns 145,255 shares of PodcastOne common stock.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions related to executive compensation. It doesn't indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It doesn't necessarily reflect a change in the company's outlook or performance.
Stakeholder Impact
- The transactions have a minimal impact on shareholders, as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 08/28/2023 | Date of Employment Agreement between Christopher Gray and PodcastOne. |
| 02/13/2024 | Earliest transaction date. |
| 02/23/2024 | Restricted Stock Units settled and shares sold. |
| 02/26/2024 | Shares sold. |
| 02/27/2024 | Shares sold. |
| 02/28/2024 | Shares sold. |
| 03/01/2024 | Date of report. |
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