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PodcastOne, Inc. — Director's Dealing 2024
Aug 21, 2024
34644_dirs_2024-08-20_b0ce12c8-d71e-49b7-ab02-0d9158f2540d.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: PodcastOne, Inc. (PODC)
CIK: 0001940177
Period of Report: 2024-08-16
Reporting Person: Gray Christopher (President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-08-16 | Common Stock, $0.00001 par value | M | 40625 | — | Acquired | 216805 | Direct |
| 2024-08-16 | Common Stock, $0.00001 par value | J | 10404 | $1.391 | Disposed | 206401 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-08-16 | Restricted Stock Units | $ | M | 40625 | Disposed | Common Stock, $0.00001 par value (40625) | Direct |
Footnotes
F1: Restricted Stock Units convert into Common Stock on a one-for-one basis.
F2: Represents vested Restricted Stock Units (the "RSUs") that were settled on the reported date out of the original 325,000 RSUs granted to the Reporting Person pursuant to the Employment Agreement, dated as of August 28, 2023 (the "EA"), entered into between the Reporting Person and the Issuer. Each vested RSU was settled by the Issuer by delivery to the Reporting Person of one share of Issuer's common stock.
F3: On the reported date these shares were sold by Issuer's broker into the open market solely to satisfy the Reporting Person's required tax withholding in connection with the settlement of the RSUs reported herein. The sale price represents a weighted average price as multiple executions were involved in completing the sale transaction. Additional detail regarding the individual execution prices is available upon request.