Form 4 for TOON Kartoon Studios, Inc.
Accepted 2025-05-30 00:00:00 ET · period of report 2025-05-29 · accession 0001355848-25-000059 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2025-05-30 | 2025-05-29 | TOON | Heyward Andy | CEO, COB, Dir | M - OptEx | — | +149.5K | 1.78M | +9% | — |
| D | 2025-05-30 | 2025-05-29 | TOON | Heyward Andy | CEO, COB, Dir | P - Purchase | $0.83 | +5,927 | 1.78M | +0.3% | +$4,919 |
| D | 2025-05-30 | 2025-05-30 | TOON | Heyward Andy | CEO, COB, Dir | M - OptEx | $0.00 | -187.5K | 1.03M | -15% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock, par value $0.001 per share | 2025-05-29 | M | A | 149,509 | — | 1,777,188 | D | — | — | (F1) Each restricted stock unit represents a contingent right to receive one share of TOON common stock. (F2) On February 6, 2023, the issuer effected a 10-for-1 reverse stock split of the issued and outstanding shares of its common stock (the "2023 Reverse Stock Split"). Upon effectiveness of the 2023 Reverse Stock Split, every 10 shares of voting common stock was automatically converted into 1 share of common stock. |
| 2 | Common | Common Stock, par value $0.001 per share | 2025-05-29 | P | A | 5,927 | $0.83 | 1,783,115 | D | — | — | |
| 3 | Derivative | Restricted Stock Units | 2025-05-30 | M | D | 187,501 | $0.00 | 1,031,249 | D | — · — to — | 187,501 Common Stock, par value $0.001 per share | (F2) On February 6, 2023, the issuer effected a 10-for-1 reverse stock split of the issued and outstanding shares of its common stock (the "2023 Reverse Stock Split"). Upon effectiveness of the 2023 Reverse Stock Split, every 10 shares of voting common stock was automatically converted into 1 share of common stock. (F1) Each restricted stock unit represents a contingent right to receive one share of TOON common stock. (F6) The restricted stock units, which vested on December 7, 2023, were previously reported as covering 937,500 shares, but were adjusted to 93,750 shares to reflect the 2023 Reverse Stock Split. (F5) On December 7, 2020, the Reporting Person was granted 15,000,000 restricted stock units pursuant to a restricted stock unit agreement, of which (i) 7,500,000 shares vested in four equal installments on the first, second, third and fourth anniversaries of December 7, 2020, and (ii) 7,500,000 shares (characterized as Performance Shares in previous Form 4) vested in four equal installments on the first, second, third and fourth anniversaries of December 7, 2020, based on the achievement of certain performance goals, each subject to the Reporting Person's continued employment. Such agreement was amended and restated in June 2021 to revise the vesting provisions so that (i) an aggregate of 3,750,000 shares vested in four equal installments on the first, second, third and fourth anniversaries of December 7, 2020, and (ii) an aggregate of 11,250,000 shares vested based on achievement of certain performance goals, each subject to the Reporting Person's continued employment. |