Gate City reports 8.50% stake in JAKKS Pacific

Gate City Capital Management, LLC and Michael Melby filed an amendment to a Schedule 13G/A reporting beneficial ownership of 967,114 shares of JAKKS Pacific, Inc. common stock, equal to 8.50% of the class.

Rhea-AI Filing Summary

Gate City Capital Management, LLC and Michael Melby filed an amendment to a Schedule 13G/A reporting beneficial ownership of 967,114 shares of JAKKS Pacific, Inc. common stock, equal to 8.50% of the class.

The filing states the shares are held by funds advised by Gate City Capital Management and that the Management Company and Mr. Melby each possess sole voting and sole dispositive power over the reported 967,114 shares. The signature block shows Michael Melby, Managing Member signed the amendment on 05/15/2026. The filing lists the issuer CUSIP 47012E403 and the issuer address at 2951 28th Street, Santa Monica, CA 90405.

Insights

Corporate Governance Specialist

Gate City reports an 8.50% stake in JAKKS Pacific with sole voting and dispositive power.

The amendment to Schedule 13G/A states 967,114 shares are beneficially owned by funds advised by Gate City Capital Management; the filing attributes sole voting and sole dispositive authority to the Management Company and Mr. Melby. This is a passive ownership disclosure style consistent with a 13G/A amendment.

Holdings at this scale are material for governance context; further changes in holdings or any shift to an active investor posture would require updated disclosures. Subsequent filings would show any change in percentage or voting power.

Key Figures

Beneficial ownership: 967,114 shares Percent of class: 8.50% Signature date: 05/15/2026

3 metrics

Beneficial ownership 967,114 shares Amount beneficially owned reported on Schedule 13G/A

Percent of class 8.50% Percent of outstanding common stock represented by 967,114 shares

Signature date 05/15/2026 Date Michael Melby signed the amendment

Key Terms

Schedule 13G/A, Beneficially owned, Sole Dispositive Power

3 terms

Schedule 13G/A regulatory

"Amendment No. 1 to Schedule 13G/A reporting beneficial ownership"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

Beneficially owned financial

"Amount beneficially owned: 967114 (b) Percent of class: 8.50%"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Sole Dispositive Power regulatory

"Sole Dispositive Power 967,114.00 indicating control over disposition"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What stake does Gate City Capital report in JAKKS Pacific (JAKK)?

Gate City Capital reports beneficially owning 967,114 shares, representing 8.50% of JAKKS Pacific common stock. The filing attributes sole voting and sole dispositive power to the adviser and Michael Melby.

Who signed the Schedule 13G/A amendment for JAKKS Pacific?

Michael Melby, Managing Member signed the amendment on 05/15/2026. The filing indicates Mr. Melby is the managing member of Gate City Capital Management, LLC, which advises the funds holding the shares.

Are the reported JAKKS Pacific shares held personally or by funds?

The filing states the 967,114 shares are held by Funds advised by Gate City Capital Management, with the Management Company and Mr. Melby having sole voting and dispositive authority over those shares.

What class and CUSIP does this Schedule 13G/A amendment cover?

The amendment covers JAKKS Pacific common stock, CUSIP 47012E403. The issuer address is listed as 2951 28th Street, Santa Monica, CA 90405 in the filing.

Does this filing indicate active attempts to influence JAKKS Pacific management?

The document reports beneficial ownership and voting/dispositive power but does not state any plans to influence management. The filing is framed as an ownership disclosure; no activism language is present in the excerpt.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/15/2026 - 04:05 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

JAKKS Pacific, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

47012E403

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 47012E403

1

Names of Reporting Persons

Gate City Capital Management, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

ILLINOIS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 967,114.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 967,114.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

967,114.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

8.5 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP Number(s): 47012E403

1

Names of Reporting Persons

Michael Melby

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 967,114.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 967,114.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

967,114.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

8.5 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: This Schedule 13G (this "Schedule 13G") is being filed on behalf of Gate City Capital Management, LLC, an Illinois limited liability company (the "Management Company") and Michael Melby. Mr. Melby serves as the managing member of the Management Company. The Management Company serves as an adviser to certain private investment funds and managed accounts (the "Funds"). This Schedule 13G relates to Common Shares (the "Common Shares") of the Issuer held by the Funds.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: JAKKS Pacific, Inc.
(b)	Address of issuer's principal executive offices: 2951 28th Street, Santa Monica, CA, 90405
Item 2.
(a)	Name of person filing: Gate City Capital Management, LLC
(b)	Address or principal business office or, if none, residence: 8725 W. Higgins Road, Suite 530, Chicago, IL 60631
(c)	Citizenship: United States
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 47012E403
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 967114
(b)	Percent of class: 8.50%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 967114
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 967114
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Gate City Capital Management, LLC

Signature:	/s/ Michael Melby
Name/Title:	Michael Melby, Managing Member
Date:	05/15/2026

Michael Melby

Signature:	/s/ Michael Melby
Name/Title:	Michael Melby, Managing Member
Date:	05/15/2026