Dolphin Entertainment (NASDAQ: DLPN) Chief Executive Officer William O’Dowd IV reported a small insider purchase on March 23, 2026, acquiring 3,100 shares of common stock, a transaction disclosed in a Form 4 filing with the Securities and Exchange Commission.
The stock was purchased at a weighted average price of $1.59 per share, bringing the total consideration to $4,929. The trade prices executed across the purchase ranged from $1.56 to $1.62.
Following the March 23 transaction, O’Dowd directly holds 453,190 shares of Dolphin Entertainment. In addition to those direct holdings, he has indirect stakes through two wholly owned entities: 54,535 shares via Dolphin Entertainment, LLC and 62,106 shares via Dolphin Digital Media Holdings, LLC.
At the time of the filing, Dolphin’s market capitalization stood at $19.48 million. External analysis from InvestingPro cited in the filing indicates the stock has gained 42% over the past year, while also noting the share price remains relatively volatile, reflected in a beta of 2.09. InvestingPro analysis included in the filing characterizes the company as appearing undervalued at current levels.
The purchase arrives on the cusp of the company’s next scheduled earnings disclosure - Dolphin Entertainment is set to report results on March 27.
Operationally, Dolphin reported a 16.7% year-over-year increase in revenue for the third quarter of 2025, reaching $14.8 million. That quarter also marked a milestone for the company, which recorded positive GAAP operating income. Management emphasized that the 2025 growth was entirely organic, noting 2025 as the first year since Dolphin’s NASDAQ uplisting in 2017 without any acquisitions.
In support of expanding operations, Dolphin has increased its office footprint in Coral Gables to accommodate growth at its subsidiaries, including The Digital Dept. and The Door. The expansion is positioned to support the company’s activities across multiple sectors, including entertainment, hospitality, lifestyle, consumer products, and digital marketing.
This reported insider purchase is modest in dollar terms but adds to the CEO’s consolidated ownership and occurs amid recent operational progress and an upcoming earnings release.
Key dates and facts:
- Transaction date: March 23, 2026
- Shares purchased: 3,100
- Weighted average price: $1.59
- Total transaction value: $4,929
- Price range: $1.56 - $1.62
- Direct ownership after trade: 453,190 shares
- Indirect ownership - Dolphin Entertainment, LLC: 54,535 shares
- Indirect ownership - Dolphin Digital Media Holdings, LLC: 62,106 shares
- Market capitalization: $19.48 million
- Upcoming earnings report: March 27