Sullivan Aaron bought PODC
January 24, 2024 · Form 4 insider transaction
Sullivan Aaron bought 100,000 shares of PodcastOne, Inc. at $0.00 per share, a transaction worth N/A. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 6 days after the transaction.
Footnotes
Represents Restricted Stock Units (the "RSUs") granted to the Reporting Person pursuant to the Employment Agreement, dated as of January 24, 2024 (the "EA"), entered into between the Reporting Person and LiveOne, Inc., the Issuer's parent ("LiveOne"). 50,000 of the RSUs shall vest during the first open trading window under the Issuer's Insider Trading Policy which occurs after October 1, 2024 (anticipated to be in November 2024) (the "Initial Vesting Date"), and the remaining RSUs shall vest thereafter in equal amounts of 12,500 RSUs on each successive quarterly anniversary of the Initial Vesting Date, with the last tranche to vest on October 1, 2025 (inclusive), (continued to Footnote 2); (continued from Footnote 1) subject to the Reporting Person's continued employment with LiveOne through each applicable vesting date and subject to earlier full vesting upon a PodcastOne Change of Control (as defined in EA) or such other earlier vesting acceleration conditions as provided in the EA. Each vested RSU shall be settled by delivery to the Reporting Person of one share of the Issuer's common stock on the first to occur of: (i) promptly after the applicable vesting date, (ii) the date of a PodcastOne Change of Control and (iii) such other earlier settlement as provided in the EA.