Form 4 for TOON Kartoon Studios, Inc.

Accepted 2023-12-13 00:00:00 ET · period of report 2023-12-07 · accession 0001683168-23-008829 · 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	2023-12-13	2023-12-07	TOON	Jaffa Michael	COO, GC, Sec	M - OptEx	—	+16.7K	50.0K	+50%	—
D	2023-12-13	2023-12-07	TOON	Jaffa Michael	COO, GC, Sec	M - OptEx	$0.00	-16.7K	0	-100%	$0

Purchase Sale Sale after option exercise All abbreviations

#	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	2023-12-07	M	A	16,667	—	50,001	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 common stock was automatically converted into 1 share of common stock.
2	Derivative	Restricted Stock Units	2023-12-07	M	D	16,667	$0.00	0	D	— · — to —	16,667 Common Stock, par value $0.001 per share	(F1) Each restricted stock unit represents a contingent right to receive one share of TOON common stock. (F3) On December 7, 2020, the Reporting Person was granted 500,000 restricted stock units, vesting as follows: 166,666 shares on December 7, 2021, 166,666 shares on December 7, 2022, and 166,668 shares on December 7, 2023, subject to the Reporting Person's continued employment. Vested shares were delivered to the Reporting Person in equal installments in each calendar quarter following the vesting date. The restricted stock units, which vested on December 7, 2023, were previously reported as covering 166,668 shares, but were adjusted to 16,667 shares to reflect the 2023 Reverse Stock Split.