O'Dowd William IV bought DLPN
May 12, 2025 · Form 4 insider transaction
O'Dowd William IV bought an undisclosed number of shares of Dolphin Entertainment, Inc. at $1107873.00 per share, a transaction worth N/A. The trade was recorded as j and disclosed on an SEC Form 4, filed 484 days after the transaction.
Footnotes
On May 12, 2025, the Issuer entered into an exchange agreement (the "Exchange Agreement") with Dolphin Entertainment LLC ("DE LLC"), pursuant to which, the Issuer and DE LLC agreed to exchange the three nonconvertible promissory notes in the aggregate principal amount of $2,242,873 for three convertible promissory notes (the "New Notes") in the same principal amounts. As consideration for the exchange, the Issuer and DE LLC agreed to extend the maturity date on each of the notes by six months. One note, with a principal balance of $1,107,873 now matures on June 30, 2027, one note with a principal balance of $1,000,000 now matures on October 29, 2029 and one note with a principal balance of $135,000, now matures on December 10, 2029. The New Notes continue to bear interest at a rate of 10% per annum. DE LLC may convert the principal balance of the New Notes and any accrued interest thereon at any time before the maturity date of the Note into common stock of the Issuer.; Does not include shares which may be issued upon the conversion of interest due.; Dolphin Entertainment, LLC is an entity wholly owned by William O'Dowd IV.