LVO
LiveOne, Inc.Substantial doubt about the company's ability to continue as a going concern.
“Our consolidated financial statements do not include any adjustments that might be necessary should we be unable to continue as a going concern within one year after the date that the financial statements are issued. We may be required to cease operations which could result in our stockholders losing all or almost all of their investment.”View the 10-K filed Jun 29, 2026
Trades by corporate insiders — officers, directors and holders of more than 10% of the shares — disclosed to the SEC on Forms 3, 4 and 5. Form 4 must be filed within two business days of the trade.
| Date | Insider | Role | Type | Security | Shares |
|---|---|---|---|---|---|
| 2026-06-29 | Solomon Kenneth A |
Director |
Convert↑
Filing footnotes — Common Stock, $0.001 par value (Direct)
Restricted Stock Units ("RSUs") convert into the Issuer's common stock on a one-for-one basis. |
Common Stock, $0.001 par value
|
3,279 |
| 2026-06-29 | Solomon Kenneth A |
Director |
Convert↓
Filing footnotes — Restricted Stock Units (Direct)
Restricted Stock Units ("RSUs") convert into the Issuer's common stock on a one-for-one basis. Represents vested RSUs that were settled on the reported date, which RSUs were previously granted to the Reporting Person as director fees for service on the Issuer's board of directors for the period from October 1, 2021 to September 30, 2023. Each vested RSU was settled by the Issuer by delivery to the Reporting Person of one share of Issuer's common stock and takes into effect the Reverse Split. |
Restricted Stock Units
|
9,523 |
| 2026-06-29 | Solomon Kenneth A |
Director |
Convert↑
Filing footnotes — Common Stock, $0.001 par value (Direct)
Restricted Stock Units ("RSUs") convert into the Issuer's common stock on a one-for-one basis. |
Common Stock, $0.001 par value
|
9,523 |
| 2026-06-29 | Solomon Kenneth A |
Director |
Convert↑
Filing footnotes — Common Stock, $0.001 par value (Direct)
Restricted Stock Units ("RSUs") convert into the Issuer's common stock on a one-for-one basis. |
Common Stock, $0.001 par value
|
22,266 |
| 2026-06-29 | Solomon Kenneth A |
Director |
Convert↓
Filing footnotes — Restricted Stock Units (Direct)
Restricted Stock Units ("RSUs") convert into the Issuer's common stock on a one-for-one basis. Represents vested RSUs that were settled on the reported date, which RSUs were previously granted to the Reporting Person as director fees for service on the Issuer's board of directors for the period from October 1, 2024 to September 30, 2025. Each vested RSU was settled by the Issuer by delivery to the Reporting Person of one share of Issuer's common stock. |
Restricted Stock Units
|
22,266 |
| 2026-06-29 | Solomon Kenneth A |
Director |
Convert↓
Filing footnotes — Restricted Stock Units (Direct)
Restricted Stock Units ("RSUs") convert into the Issuer's common stock on a one-for-one basis. Represents vested RSUs that were settled on the reported date, which RSUs were previously granted to the Reporting Person as director fees for service on the Issuer's board of directors for the period from October 1, 2020 to September 30, 2021. Each vested RSU was settled by the Issuer by delivery to the Reporting Person of one share of Issuer's common stock and takes into effect the 1-for-10 reverse stock split of the Issuer's issued and outstanding shares of Common Stock completed on September 26, 2025 (the "Reverse Split"). |
Restricted Stock Units
|
3,279 |
| 2026-06-29 | Solomon Kenneth A |
Director |
Convert↓
Filing footnotes — Restricted Stock Units (Direct)
Restricted Stock Units ("RSUs") convert into the Issuer's common stock on a one-for-one basis. Represents vested RSUs that were settled on the reported date, which RSUs were previously granted to the Reporting Person as director fees for service on the Issuer's board of directors for the period from October 1, 2023 to September 30, 2024. Each vested RSU was settled by the Issuer by delivery to the Reporting Person of one share of Issuer's common stock and takes into effect the Reverse Split. |
Restricted Stock Units
|
6,369 |
| 2026-06-29 | Solomon Kenneth A |
Director |
Convert↑
Filing footnotes — Common Stock, $0.001 par value (Direct)
Restricted Stock Units ("RSUs") convert into the Issuer's common stock on a one-for-one basis. |
Common Stock, $0.001 par value
|
6,369 |
| 2026-05-01 | Christensen Craig A |
Interim CFO |
Other↑
|
No Securities Owned
|
0 |
| 2026-03-31 | Wright Kristopher |
Director |
Convert↑
Filing footnotes — Common Stock, $0.001 par value (Direct)
Restricted Stock Units convert into the Issuer's common stock on a one-for-one basis. |
Common Stock, $0.001 par value
|
20,040 |
| 2026-03-31 | Baker Bridget |
Director |
Convert↑
Filing footnotes — Common Stock, $0.001 par value (Direct)
Restricted Stock Units convert into the Issuer's common stock on a one-for-one basis. |
Common Stock, $0.001 par value
|
21,153 |
| 2026-03-31 | Arani Ramin |
Director |
Convert↓
Filing footnotes — Restricted Stock Units (Direct)
Restricted Stock Units convert into the Issuer's common stock on a one-for-one basis. Represents vested Restricted Stock Units (the "RSUs") that were settled on the reported date, which RSUs were previously granted to the Reporting Person as director fees for service on the Issuer's board of directors for the period from October 1, 2024 to September 30, 2025. Each vested RSU was settled by the Issuer by delivery to the Reporting Person of one share of Issuer's common stock. |
Restricted Stock Units
|
22,266 |
| 2026-03-31 | Baker Bridget |
Director |
Convert↓
Filing footnotes — Restricted Stock Units (Direct)
Restricted Stock Units convert into the Issuer's common stock on a one-for-one basis. Represents vested Restricted Stock Units (the "RSUs") that were settled on the reported date, which RSUs were previously granted to the Reporting Person as director fees for service on the Issuer's board of directors for the period from October 1, 2024 to September 30, 2025. Each vested RSU was settled by the Issuer by delivery to the Reporting Person of one share of Issuer's common stock. |
Restricted Stock Units
|
21,153 |
| 2026-03-31 | Wright Kristopher |
Director |
Convert↓
Filing footnotes — Restricted Stock Units (Direct)
Restricted Stock Units convert into the Issuer's common stock on a one-for-one basis. Represents vested Restricted Stock Units (the "RSUs") that were settled on the reported date, which RSUs were previously granted to the Reporting Person as director fees for service on the Issuer's board of directors for the period from October 1, 2024 to September 30, 2025. Each vested RSU was settled by the Issuer by delivery to the Reporting Person of one share of Issuer's common stock. |
Restricted Stock Units
|
20,040 |
| 2026-03-31 | Wachsberger Patrick D |
Director |
Convert↓
Filing footnotes — Restricted Stock Units (Direct)
Restricted Stock Units convert into the Issuer's common stock on a one-for-one basis. Represents vested Restricted Stock Units (the "RSUs") that were settled on the reported date, which RSUs were previously granted to the Reporting Person as director fees for service on the Issuer's board of directors for the period from October 1, 2024 to September 30, 2025. Each vested RSU was settled by the Issuer by delivery to the Reporting Person of one share of Issuer's common stock. |
Restricted Stock Units
|
21,153 |
| 2026-03-31 | Wachsberger Patrick D |
Director |
Convert↑
Filing footnotes — Common Stock, $0.001 par value (Direct)
Restricted Stock Units convert into the Issuer's common stock on a one-for-one basis. |
Common Stock, $0.001 par value
|
21,153 |
| 2026-03-31 | Arani Ramin |
Director |
Convert↑
Filing footnotes — Common Stock, $0.001 par value (Direct)
Restricted Stock Units convert into the Issuer's common stock on a one-for-one basis. |
Common Stock, $0.001 par value
|
22,266 |
| 2026-03-02 | Wachsberger Patrick D |
Director |
Award↑
Filing footnotes — Restricted Stock Units (Direct)
The Restricted Stock Units (the "RSUs") were granted to the Reporting Person as director fees for service on the Issuer's board of directors (the "Board") for the period from October 1, 2024 to September 30, 2025. The RSUs shall vest on March 31, 2026 (the "Vesting Date"), subject to the Reporting Person's continued service on the Board through the Vesting Date. Each RSU represents a contingent right to receive one share of the Issuer's common stock or the cash value thereof. The Board, in its sole discretion, will determine in accordance with the terms and conditions of the Issuer's 2016 Equity Incentive Plan, as amended, the form of payout of the RSUs (cash and/or stock). The Reporting Person shall have the option to defer the settlement of the RSUs until the earlier of such time as the Reporting Person is no longer serving on the Board or up to five years from the vesting date. |
Restricted Stock Units
|
21,253 |
| 2026-03-02 | Wright Kristopher |
Director |
Award↑
Filing footnotes — Restricted Stock Units (Direct)
The Restricted Stock Units (the "RSUs") were granted to the Reporting Person as director fees for service on the Issuer's board of directors (the "Board") for the period from October 1, 2024 to September 30, 2025. The RSUs shall vest on March 31, 2026 (the "Vesting Date"), subject to the Reporting Person's continued service on the Board through the Vesting Date. Each RSU represents a contingent right to receive one share of the Issuer's common stock or the cash value thereof. The Board, in its sole discretion, will determine in accordance with the terms and conditions of the Issuer's 2016 Equity Incentive Plan, as amended, the form of payout of the RSUs (cash and/or stock). The Reporting Person shall have the option to defer the settlement of the RSUs until the earlier of such time as the Reporting Person is no longer serving on the Board or up to five years from the vesting date. |
Restricted Stock Units
|
20,040 |
| 2026-03-02 | Baker Bridget |
Director |
Award↑
Filing footnotes — Restricted Stock Units (Direct)
The Restricted Stock Units (the "RSUs") were granted to the Reporting Person as director fees for service on the Issuer's board of directors (the "Board") for the period from October 1, 2024 to September 30, 2025. The RSUs shall vest on March 31, 2026 (the "Vesting Date"), subject to the Reporting Person's continued service on the Board through the Vesting Date. Each RSU represents a contingent right to receive one share of the Issuer's common stock or the cash value thereof. The Board, in its sole discretion, will determine in accordance with the terms and conditions of the Issuer's 2016 Equity Incentive Plan, as amended, the form of payout of the RSUs (cash and/or stock). The Reporting Person shall have the option to defer the settlement of the RSUs until the earlier of such time as the Reporting Person is no longer serving on the Board or up to five years from the vesting date. |
Restricted Stock Units
|
21,153 |
| 2026-03-02 | Solomon Kenneth A |
Director |
Award↑
Filing footnotes — Restricted Stock Units (Direct)
The Restricted Stock Units (the "RSUs") were granted to the Reporting Person as director fees for service on the Issuer's board of directors (the "Board") for the period from October 1, 2024 to September 30, 2025. The RSUs shall vest on March 31, 2026 (the "Vesting Date"), subject to the Reporting Person's continued service on the Board through the Vesting Date. Each RSU represents a contingent right to receive one share of the Issuer's common stock or the cash value thereof. The Board, in its sole discretion, will determine in accordance with the terms and conditions of the Issuer's 2016 Equity Incentive Plan, as amended, the form of payout of the RSUs (cash and/or stock). The Reporting Person shall have the option to defer the settlement of the RSUs until the earlier of such time as the Reporting Person is no longer serving on the Board or up to five years from the vesting date. |
Restricted Stock Units
|
22,266 |
| 2026-03-02 | Krigsman Jay E. |
Director |
Award↑
Filing footnotes — Restricted Stock Units (Direct)
The Restricted Stock Units (the "RSUs") were granted to the Reporting Person as director fees for service on the Issuer's board of directors (the "Board") for the period from October 1, 2024 to September 30, 2025. The RSUs vested on March 31, 2026. Each RSU represents a contingent right to receive one share of the Issuer's common stock or the cash value thereof. The Board, in its sole discretion, will determine in accordance with the terms and conditions of the Issuer's 2016 Equity Incentive Plan, as amended, the form of payout of the RSUs (cash and/or stock). The Reporting Person shall have the option to defer the settlement of the RSUs until the earlier of such time as the Reporting Person is no longer serving on the Board or up to five years from the vesting date. |
Restricted Stock Units
|
28,946 |
| 2026-03-02 | Arani Ramin |
Director |
Award↑
Filing footnotes — Restricted Stock Units (Direct)
The Restricted Stock Units (the "RSUs") were granted to the Reporting Person as director fees for service on the Issuer's board of directors (the "Board") for the period from October 1, 2024 to September 30, 2025. The RSUs shall vest on March 31, 2026 (the "Vesting Date"), subject to the Reporting Person's continued service on the Board through the Vesting Date. Each RSU represents a contingent right to receive one share of the Issuer's common stock or the cash value thereof. The Board, in its sole discretion, will determine in accordance with the terms and conditions of the Issuer's 2016 Equity Incentive Plan, as amended, the form of payout of the RSUs (cash and/or stock). The Reporting Person shall have the option to defer the settlement of the RSUs until the earlier of such time as the Reporting Person is no longer serving on the Board or up to five years from the vesting date. |
Restricted Stock Units
|
22,266 |
| 2025-07-15 | ELLIN ROBERT S |
Director, Executive Chairman |
Other↓
Filing footnotes — Series A Perpetual Convertible Preferred Stock (Indirect)
On July 15, 2025, Issuer entered into a letter agreement (the "Letter Agreement") with Trinad Capital Master Fund Ltd. ("Trinad Capital"), a fund controlled by the Reporting Person, Issuer's Chief Executive Officer, Chairman, director and principal stockholder, and a holder of Issuer's Series A Perpetual Convertible Preferred Stock (the "Series A Preferred Stock"). Pursuant to the Letter Agreement, Trinad Capital converted 2,250 shares of Series A Preferred Stock into 1,500,000 shares of Issuer's common stock at a price of $1.50 per share The Series A Preferred Stock is convertible at any time at Trinad Capital's option into shares of Issuer's common stock at a price of $2.10 per share of common stock, bears a dividend of 12% per annum, which initially shall be paid in kind as provided in the Certificate of Designation, is perpetual and has no expiration date. The Series A Preferred Stock has a stated value of $1,000 per share. The Reporting Person is the Managing Director and Portfolio Manager of Trinad Capital and is deemed to have sole voting and dispositive power over, and accordingly is deemed to have beneficial ownership of, the reported securities. |
Series A Perpetual Convertible Preferred Stock
(I)
|
2,250 |
| 2025-07-15 | ELLIN ROBERT S |
Director, Executive Chairman |
Other↑
Filing footnotes — Warrant (Indirect)
Warrant was issued in connection with the Letter Agreement. The Warrant is exercisable at any time at the option of the Reporting Person at a price of $0.01 per share and expires on July 15, 2028. The Reporting Person is the Managing Director and Portfolio Manager of Trinad Capital and is deemed to have sole voting and dispositive power over, and accordingly is deemed to have beneficial ownership of, the reported securities. |
Warrant
(I)
|
1,500,000 |
| 2025-07-15 | ELLIN ROBERT S |
Director, Executive Chairman |
Other↑
Filing footnotes — Common Stock, $0.001 par value (Indirect)
On July 15, 2025, Issuer entered into a letter agreement (the "Letter Agreement") with Trinad Capital Master Fund Ltd. ("Trinad Capital"), a fund controlled by the Reporting Person, Issuer's Chief Executive Officer, Chairman, director and principal stockholder, and a holder of Issuer's Series A Perpetual Convertible Preferred Stock (the "Series A Preferred Stock"). Pursuant to the Letter Agreement, Trinad Capital converted 2,250 shares of Series A Preferred Stock into 1,500,000 shares of Issuer's common stock at a price of $1.50 per share Includes (i) 9,890,922 shares of Issuer's common stock owned by Trinad Capital as of July 15, 2025, as the Reporting Person, the Managing Director and Portfolio Manager of Trinad Capital, is deemed to have sole voting and dispositive power over such shares, (ii) 716,216 shares of Issuer's common stock owned by Trinad Capital Management, LLC ("Trinad Management") as of July 15, 2025, as the Reporting Person, the Managing Member of Trinad Management, is deemed to have sole voting and dispositive power over such shares, (iii) 6,817,810 shares of Issuer's common stock owned by JJAT Corp. ("JJAT") as of July 15, 2025, an entity owned by the Reporting Person, as the Reporting Person is deemed to have sole voting and dispositive power over such shares, (continued to footnote 5) (continued from footnote 4), (iv) approximately 987,252 shares of Issuer's common stock issuable as of July 15, 2025 upon conversion of the Series A Preferred Stock held by Trinad Capital (including the dividend to be paid in kind and accrued as of July 15, 2025 (after the conversion reported herein)), which Trinad Capital has the right to convert at the conversion price of $2.10 per share, and (v) 666,667 stock options to purchase shares of Issuer's common stock at an exercise price of $4.00 per share. Accordingly, securities owned by these entities may be regarded as being beneficially owned by the Reporting Person. Each of the Reporting Person and Trinad Management disclaim beneficial ownership of the reported securities except for the (i) Reporting Person's and Trinad Management's pecuniary interest therein, (ii) direct beneficial ownership of Trinad Management as reported herein, (iii) indirect interest of Trinad Management by virtue of being the Managing Director and Portfolio Manager of Trinad Capital, (iv) indirect interest of the Reporting Person by virtue of being a member of Trinad Management, (v) indirect interest of the Reporting Person by virtue of being a shareholder of JJAT, and (vi) indirect interest of the Reporting Person by virtue of being a member of Trinad Capital. This report shall not be deemed an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. Does not include (i) shares of Issuer's common stock held by a family trust and family foundation as to which the Reporting Person does not exercise voting or dispositive power, and (ii) 88,660 restricted stock units that shall vest on September 7, 2026, subject to earlier vesting in the event of a change in control or the Reporting Person's departure from Issuer. The Reporting Person is the Managing Director and Portfolio Manager of Trinad Capital and is deemed to have sole voting and dispositive power over, and accordingly is deemed to have beneficial ownership of, the reported securities. |
Common Stock, $0.001 par value
(I)
|
1,500,000 |
| 2024-11-14 | Baker Bridget |
Director |
Convert↑
Filing footnotes — Common Stock, $0.001 par value (Direct)
Restricted Stock Units (the "RSUs") convert into Common Stock on a one-for-one basis. |
Common Stock, $0.001 par value
|
60,510 |
| 2024-11-14 | Baker Bridget |
Director |
Convert↓
Filing footnotes — Restricted Stock Units (Direct)
Restricted Stock Units (the "RSUs") convert into Common Stock on a one-for-one basis. Represents vested RSUs that were granted to the Reporting Person as director fees for service on the Issuer's board of directors for the period from October 1, 2023 to September 30, 2024. Each vested RSU was settled by the Issuer by delivery to the Reporting Person of one share of Issuer's common stock. |
Restricted Stock Units
|
60,510 |
| 2024-11-14 | Wachsberger Patrick D |
Director |
Convert↓
Filing footnotes — Restricted Stock Units (Direct)
Restricted Stock Units (the "RSUs") convert into Common Stock on a one-for-one basis. Represents vested RSUs that were granted to the Reporting Person as director fees for service on the Issuer's board of directors for the period from October 1, 2023 to September 30, 2024. Each vested RSU was settled by the Issuer by delivery to the Reporting Person of one share of Issuer's common stock. |
Restricted Stock Units
|
60,510 |
| 2024-11-14 | Wachsberger Patrick D |
Director |
Convert↑
Filing footnotes — Common Stock, $0.001 par value (Direct)
Restricted Stock Units (the "RSUs") convert into Common Stock on a one-for-one basis. |
Common Stock, $0.001 par value
|
60,510 |
| 2024-11-13 | Wright Kristopher |
Director |
Convert↓
Filing footnotes — Restricted Stock Units (Direct)
Restricted Stock Units (the "RSUs") convert into Common Stock on a one-for-one basis. Represents vested RSUs that were granted to the Reporting Person as director fees for service on the Issuer's board of directors for the period from October 1, 2023 to September 30, 2024. Each vested RSU was settled by the Issuer by delivery to the Reporting Person of one share of Issuer's common stock. |
Restricted Stock Units
|
57,325 |
| 2024-11-13 | Wright Kristopher |
Director |
Convert↑
Filing footnotes — Common Stock, $0.001 par value (Direct)
Restricted Stock Units (the "RSUs") convert into Common Stock on a one-for-one basis. |
Common Stock, $0.001 par value
|
57,325 |
| 2024-09-10 | Wright Kristopher |
Director |
Award↑
Filing footnotes — Restricted Stock Units (Direct)
The Restricted Stock Units (the "RSUs") were granted to the Reporting Person as director fees for service on the Issuer's board of directors (the "Board") for the period from October 1, 2023 to September 30, 2024. The RSUs shall vest on October 31, 2024 (the "Vesting Date"), subject to the Reporting Person's continued service on the Board through the Vesting Date. Each RSU represents a contingent right to receive one share of the Issuer's common stock or the cash value thereof. The Board, in its sole discretion, will determine in accordance with the terms and conditions of the Issuer's 2016 Equity Incentive Plan, as amended, the form of payout of the RSUs (cash and/or stock). The Reporting Person shall have the option to defer the settlement of the RSUs until the earlier of such time as the Reporting Person is no longer serving on the Board or up to five years from the vesting date. |
Restricted Stock Units
|
57,325 |
| 2024-09-10 | Solomon Kenneth A |
Director |
Award↑
Filing footnotes — Restricted Stock Units (Direct)
The Restricted Stock Units (the "RSUs") were granted to the Reporting Person as director fees for service on the Issuer's board of directors (the "Board") for the period from October 1, 2023 to September 30, 2024. The RSUs shall vest on October 31, 2024 (the "Vesting Date"), subject to the Reporting Person's continued service on the Board through the Vesting Date. Each RSU represents a contingent right to receive one share of the Issuer's common stock or the cash value thereof. The Board, in its sole discretion, will determine in accordance with the terms and conditions of the Issuer's 2016 Equity Incentive Plan, as amended, the form of payout of the RSUs (cash and/or stock). The Reporting Person shall have the option to defer the settlement of the RSUs until the earlier of such time as the Reporting Person is no longer serving on the Board or up to five years from the vesting date. |
Restricted Stock Units
|
63,694 |
| 2024-09-10 | Foster Craig L |
Director |
Award↑
Filing footnotes — Restricted Stock Units (Direct)
The Restricted Stock Units (the "RSUs") were granted to the Reporting Person as director fees for service on the Issuer's board of directors (the "Board") for the period from October 1, 2023 to September 30, 2024. The RSUs shall vest on October 31, 2024 (the "Vesting Date"), subject to the Reporting Person's continued service on the Board through the Vesting Date. Each RSU represents a contingent right to receive one share of the Issuer's common stock or the cash value thereof. The Board, in its sole discretion, will determine in accordance with the terms and conditions of the Issuer's 2016 Equity Incentive Plan, as amended, the form of payout of the RSUs (cash and/or stock). The Reporting Person shall have the option to defer the settlement of the RSUs until the earlier of such time as the Reporting Person is no longer serving on the Board or up to five years from the vesting date. |
Restricted Stock Units
|
73,248 |
| 2024-09-10 | Krigsman Jay E. |
Director |
Award↑
Filing footnotes — Restricted Stock Units (Direct)
The Restricted Stock Units (the "RSUs") were granted to the Reporting Person as director fees for service on the Issuer's board of directors (the "Board") for the period from October 1, 2023 to September 30, 2024. The RSUs shall vest on October 31, 2024 (the "Vesting Date"), subject to the Reporting Person's continued service on the Board through the Vesting Date. Each RSU represents a contingent right to receive one share of the Issuer's common stock or the cash value thereof. The Board, in its sole discretion, will determine in accordance with the terms and conditions of the Issuer's 2016 Equity Incentive Plan, as amended, the form of payout of the RSUs (cash and/or stock). The Reporting Person shall have the option to defer the settlement of the RSUs until the earlier of such time as the Reporting Person is no longer serving on the Board or up to five years from the vesting date. |
Restricted Stock Units
|
66,879 |
| 2024-09-10 | Baker Bridget |
Director |
Award↑
Filing footnotes — Restricted Stock Units (Direct)
The Restricted Stock Units (the "RSUs") were granted to the Reporting Person as director fees for service on the Issuer's board of directors (the "Board") for the period from October 1, 2023 to September 30, 2024. The RSUs shall vest on October 31, 2024 (the "Vesting Date"), subject to the Reporting Person's continued service on the Board through the Vesting Date. Each RSU represents a contingent right to receive one share of the Issuer's common stock or the cash value thereof. The Board, in its sole discretion, will determine in accordance with the terms and conditions of the Issuer's 2016 Equity Incentive Plan, as amended, the form of payout of the RSUs (cash and/or stock). The Reporting Person shall have the option to defer the settlement of the RSUs until the earlier of such time as the Reporting Person is no longer serving on the Board or up to five years from the vesting date. |
Restricted Stock Units
|
60,510 |
| 2024-09-10 | Arani Ramin |
Director |
Award↑
Filing footnotes — Restricted Stock Units (Direct)
The Restricted Stock Units (the "RSUs") were granted to the Reporting Person as director fees for service on the Issuer's board of directors (the "Board") for the period from October 1, 2023 to September 30, 2024. The RSUs shall vest on October 31, 2024 (the "Vesting Date"), subject to the Reporting Person's continued service on the Board through the Vesting Date. Each RSU represents a contingent right to receive one share of the Issuer's common stock or the cash value thereof. The Board, in its sole discretion, will determine in accordance with the terms and conditions of the Issuer's 2016 Equity Incentive Plan, as amended, the form of payout of the RSUs (cash and/or stock). The Reporting Person shall have the option to defer the settlement of the RSUs until the earlier of such time as the Reporting Person is no longer serving on the Board or up to five years from the vesting date. |
Restricted Stock Units
|
63,694 |
| 2024-09-10 | Wachsberger Patrick D |
Director |
Award↑
Filing footnotes — Restricted Stock Units (Direct)
The Restricted Stock Units (the "RSUs") were granted to the Reporting Person as director fees for service on the Issuer's board of directors (the "Board") for the period from October 1, 2023 to September 30, 2024. The RSUs shall vest on October 31, 2024 (the "Vesting Date"), subject to the Reporting Person's continued service on the Board through the Vesting Date. Each RSU represents a contingent right to receive one share of the Issuer's common stock or the cash value thereof. The Board, in its sole discretion, will determine in accordance with the terms and conditions of the Issuer's 2016 Equity Incentive Plan, as amended, the form of payout of the RSUs (cash and/or stock). The Reporting Person shall have the option to defer the settlement of the RSUs until the earlier of such time as the Reporting Person is no longer serving on the Board or up to five years from the vesting date. |
Restricted Stock Units
|
60,510 |
| 2024-06-07 | Sullivan Aaron |
CFO, Treas & Secr |
Convert↑
Filing footnotes — Common Stock, $0.001 par value (Direct)
Restricted Stock Units convert into Common Stock on a one-for-one basis. |
Common Stock, $0.001 par value
|
75,000 |
| 2024-06-07 | Sullivan Aaron |
CFO, Treas & Secr |
Convert↓
Filing footnotes — Restricted Stock Units (Direct)
Restricted Stock Units convert into Common Stock on a one-for-one basis. Represents 75,000 vested Restricted Stock Units ("RSUs") that were settled on the reported date out of 75,000 RSUs granted to the Reporting Person on April 4, 2022. Each vested RSU was settled by Issuer by delivery to the Reporting Person of one share of Issuer's common stock. |
Restricted Stock Units
|
75,000 |
| 2024-06-07 | Sullivan Aaron |
CFO, Treas & Secr |
Other↓
Filing footnotes — Common Stock, $0.001 par value (Direct)
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. |
Common Stock, $0.001 par value
|
27,400 |
| 2024-04-01 | ELLIN ROBERT S |
Director, Executive Chairman |
Other↓
Filing footnotes — Series A Perpetual Convertible Preferred Stock (Indirect)
On April 1, 2024, Issuer entered into a letter agreement (the "Letter Agreement") with Trinad Capital Master Fund Ltd. ("Trinad Capital"), a fund controlled by the Reporting Person, Issuer's Chief Executive Officer, Chairman, director and principal stockholder, and a holder of Issuer's Series A Perpetual Convertible Preferred Stock (the "Series A Preferred Stock"). Pursuant to the Letter Agreement, Trinad Capital converted 3,395.09 shares of Series A Preferred Stock into 1,616,709 shares of Issuer's common stock at a price of $2.10 per share. The Series A Preferred Stock is convertible at any time at Trinad Capital's option into shares of Issuer's common stock at a price of $2.10 per share of common stock, bears a dividend of 12% per annum, which initially shall be paid in kind as provided in the Certificate of Designation, is perpetual and has no expiration date. The Series A Preferred Stock has a stated value of $1,000 per share. Each of the Reporting Person and Trinad Management disclaim beneficial ownership of the reported securities except for the (i) Reporting Person's and Trinad Management's pecuniary interest therein, (ii) direct beneficial ownership of Trinad Management as reported herein, (iii) indirect interest of Trinad Management by virtue of being the Managing Director and Portfolio Manager of Trinad Capital, (iv) indirect interest of the Reporting Person by virtue of being a member of Trinad Management, (v) indirect interest of the Reporting Person by virtue of being a shareholder of JJAT, and (vi) indirect interest of the Reporting Person by virtue of being a member of Trinad Capital. This report shall not be deemed an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. Does not include (i) shares of Issuer's common stock held by a family trust and family foundation as to which the Reporting Person does not exercise voting or dispositive power, and (ii) 88,660 restricted stock units that shall vest on September 7, 2024, subject to earlier vesting in the event of a change in control or the Reporting Person's departure from Issuer. The Reporting Person is the Managing Director and Portfolio Manager of Trinad Capital and is deemed to have sole voting and dispositive power over, and accordingly is deemed to have beneficial ownership of, the reported securities. |
Series A Perpetual Convertible Preferred Stock
(I)
|
3,395 |
| 2024-04-01 | ELLIN ROBERT S |
Director, Executive Chairman |
Other↑
Filing footnotes — Warrant (Indirect)
Warrant was issued in connection with the Letter Agreement. The Warrant is exercisable at any time at the option of the Reporting Person at a price of $2.10 per share and expires on April 1, 2027. Each of the Reporting Person and Trinad Management disclaim beneficial ownership of the reported securities except for the (i) Reporting Person's and Trinad Management's pecuniary interest therein, (ii) direct beneficial ownership of Trinad Management as reported herein, (iii) indirect interest of Trinad Management by virtue of being the Managing Director and Portfolio Manager of Trinad Capital, (iv) indirect interest of the Reporting Person by virtue of being a member of Trinad Management, (v) indirect interest of the Reporting Person by virtue of being a shareholder of JJAT, and (vi) indirect interest of the Reporting Person by virtue of being a member of Trinad Capital. This report shall not be deemed an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. Does not include (i) shares of Issuer's common stock held by a family trust and family foundation as to which the Reporting Person does not exercise voting or dispositive power, and (ii) 88,660 restricted stock units that shall vest on September 7, 2024, subject to earlier vesting in the event of a change in control or the Reporting Person's departure from Issuer. The Reporting Person is the Managing Director and Portfolio Manager of Trinad Capital and is deemed to have sole voting and dispositive power over, and accordingly is deemed to have beneficial ownership of, the reported securities. |
Warrant
(I)
|
535,399 |
| 2024-04-01 | ELLIN ROBERT S |
Director, Executive Chairman |
Other↑
Filing footnotes — Common Stock, $0.001 par value (Indirect)
On April 1, 2024, Issuer entered into a letter agreement (the "Letter Agreement") with Trinad Capital Master Fund Ltd. ("Trinad Capital"), a fund controlled by the Reporting Person, Issuer's Chief Executive Officer, Chairman, director and principal stockholder, and a holder of Issuer's Series A Perpetual Convertible Preferred Stock (the "Series A Preferred Stock"). Pursuant to the Letter Agreement, Trinad Capital converted 3,395.09 shares of Series A Preferred Stock into 1,616,709 shares of Issuer's common stock at a price of $2.10 per share. Includes (i) 7,539,899 shares of Issuer's common stock owned by Trinad Capital as of April 1, 2024, as the Reporting Person, the Managing Director and Portfolio Manager of Trinad Capital, is deemed to have sole voting and dispositive power over such shares, (ii) 716,216 shares of Issuer's common stock owned by Trinad Capital Management, LLC ("Trinad Management") as of April 1, 2024, as the Reporting Person, the Managing Member of Trinad Management, is deemed to have sole voting and dispositive power over such shares, (iii) 6,817,810 shares of Issuer's common stock owned by JJAT Corp. ("JJAT") as of April 1, 2024, an entity owned by the Reporting Person, as the Reporting Person is deemed to have sole voting and dispositive power over such shares, (continued to footnote 5) (continued from footnote 4), (iv) approximately 1,761,956 shares of Issuer's common stock issuable as of April 1, 2024upon conversion of the Series A Preferred Stock held by Trinad Capital (including the dividend to be paid in kind and accrued as of April 1, 2024), which Trinad Capital has the right to convert at the conversion price of $2.10 per share, and (v) 666,667 stock options to purchase shares of Issuer's common stock at an exercise price of $4.00 per share. Accordingly, securities owned by these entities may be regarded as being beneficially owned by the Reporting Person. Each of the Reporting Person and Trinad Management disclaim beneficial ownership of the reported securities except for the (i) Reporting Person's and Trinad Management's pecuniary interest therein, (ii) direct beneficial ownership of Trinad Management as reported herein, (iii) indirect interest of Trinad Management by virtue of being the Managing Director and Portfolio Manager of Trinad Capital, (iv) indirect interest of the Reporting Person by virtue of being a member of Trinad Management, (v) indirect interest of the Reporting Person by virtue of being a shareholder of JJAT, and (vi) indirect interest of the Reporting Person by virtue of being a member of Trinad Capital. This report shall not be deemed an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. Does not include (i) shares of Issuer's common stock held by a family trust and family foundation as to which the Reporting Person does not exercise voting or dispositive power, and (ii) 88,660 restricted stock units that shall vest on September 7, 2024, subject to earlier vesting in the event of a change in control or the Reporting Person's departure from Issuer. The Reporting Person is the Managing Director and Portfolio Manager of Trinad Capital and is deemed to have sole voting and dispositive power over, and accordingly is deemed to have beneficial ownership of, the reported securities. |
Common Stock, $0.001 par value
(I)
|
1,616,709 |
| 2024-01-24 | Sullivan Aaron |
CFO, Treas & Secr |
Award↑
Filing footnotes — Restricted Stock Units (Direct)
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 the Issuer. 175,000 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 43,750 RSUs on each successive quarterly anniversary of the Initial Vesting Date, with the last tranche to vest on October 1, 2025 (inclusive), subject to the Reporting Person's continued employment with the Issuer through each applicable vesting date (continued to Footnote 2) (continued from Footnote 1) and subject to earlier full vesting upon a Company Change of Control (as defined in the 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 Company Change of Control, (iii) the date of the Reporting Person's death or Disability (as defined in the EA), and (iv) such other earlier settlement as provided in the EA. |
Restricted Stock Units
|
350,000 |
| 2023-11-14 | Wright Kristopher |
Director |
Sell↓
Filing footnotes — Common Stock, $0.001 par value (Indirect)
The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.09 to $1.11, inclusive. The Reporting Person undertakes to provide to Issuer or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote 1. Represents 11,000 shares of Issuer's common stock sold by K&J Investment LLC ("K&J Investment") on November 14, 2023, as the Reporting Person, the owner and President of K&J Investment, is deemed to have sole voting and dispositive power over such shares. |
Common Stock, $0.001 par value
(I)
|
11,000 |
| 2023-08-14 | Sullivan Aaron |
CFO, Treas & Secr |
Convert↑
Filing footnotes — Common Stock, $0.001 par value (Direct)
Restricted Stock Units convert into Common Stock on a one-for-one basis. |
Common Stock, $0.001 par value
|
6,250 |
| 2023-08-14 | Sullivan Aaron |
CFO, Treas & Secr |
Other↓
Filing footnotes — Common Stock, $0.001 par value (Direct)
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. |
Common Stock, $0.001 par value
|
2,709 |
| 2023-08-14 | Sullivan Aaron |
CFO, Treas & Secr |
Convert↓
Filing footnotes — Restricted Stock Units (Direct)
Restricted Stock Units convert into Common Stock on a one-for-one basis. Represents 6,250 vested Restricted Stock Units ("RSUs") that were settled on the reported date out of the original 100,000 RSUs granted to the Reporting Person pursuant to his employment agreement, dated as of June 6, 2019, as amended. Each vested RSU was settled by Issuer by delivery to the Reporting Person of one share of Issuer's common stock. |
Restricted Stock Units
|
6,250 |