Christopher Gray - Jun 7, 2024 Form 4 Insider Report for PodcastOne, Inc. (PODC)

Role
President
Signature
/s/ Christopher "Kit" Gray
Stock symbol
PODC
Transactions as of
Jun 7, 2024
Transactions value $
-$17,673
Form type
4
Date filed
6/12/2024, 09:30 PM
Previous filing
Mar 1, 2024
Next filing
Aug 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PODC Common Stock, $0.00001 par value Options Exercise +40.6K +27.97% 186K Jun 7, 2024 Direct F1
transaction PODC Common Stock, $0.00001 par value Other -$17.7K -9.7K -5.22% $1.82 176K Jun 7, 2024 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PODC Restricted Stock Units Options Exercise $0 -40.6K -25% $0.00 122K Jun 7, 2024 Common Stock, $0.00001 par value 40.6K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.