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Chief executive officers

LiveOne, Inc. CEO Disposes of 2,250 Shares, Trinad Capital Converts Series A Preferred Stock

Strategic Insights

— 1 min read

LiveOne, Inc.'s CEO and Chairman, ELLIN ROBERT S, disposed of 2,250 shares of the company's common stock at $1.5 per share on July 15, 2025, as reported in a Form 4 filing with the Securities and Exchange Commission on July 17, 2025. This move occurred as Trinad Capital Master Fund Ltd., a fund controlled by the CEO and Chairman, converted 2,250 shares of Series A Perpetual Convertible Preferred Stock into 1,500,000 shares of LiveOne, Inc.'s common stock at a price of $1.50 per share. This transaction is part of a larger agreement that allows Trinad Capital to convert its Series A Preferred Stock into common stock at a price of $2.10 per share, pays a 12% annual dividend, and has no expiration date.

Key Takeaways:

  • LiveOne, Inc.'s CEO and Chairman, ELLIN ROBERT S, disposed of 2,250 shares of the company's common stock on July 15, 2025.
  • Trinad Capital converted 2,250 shares of Series A Perpetual Convertible Preferred Stock into 1,500,000 shares of LiveOne, Inc.'s common stock at a price of $1.50 per share.
  • The Series A Preferred Stock has a stated value of $1,000 per share, is convertible into common stock at $2.10 per share, and bears a 12% annual dividend.
  • The Series A Preferred Stock has no expiration date.
  • The CEO and Chairman's move to dispose of shares occurred as the company's stock was being converted by Trinad Capital, a significant holder and holder of Series A Preferred stock.
  • The transaction underscores the strategic relationship between LiveOne, Inc., its CEO, and Trinad Capital, a major shareholder and key stockholder.

Statistics:

  • 2,250 shares of LiveOne, Inc. common stock were disposed of by ELLIN ROBERT S on July 15, 2025.
  • 1,500,000 shares of LiveOne, Inc.'s common stock were issued to Trinad Capital Master Fund Ltd. at $1.50 per share as part of the Series A Preferred to Common Stock conversion.
  • The Series A Perpetual Convertible Preferred Stock bears a 12% annual dividend.
  • The Series A Preferred Stock has a stated value of $1,000 per share.

Sources:

  • LiveOne, Inc.'s Form 4 filing with the Securities and Exchange Commission on July 17, 2025.

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