Gate City discloses 6.9% JAKKS Pacific stake

Gate City Capital Management, LLC and Michael Melby report a significant passive ownership stake in JAKKS Pacific, Inc. common stock.

Accepted by SEC EDGAR 02/17/2026 - 04:05 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Gate City Capital Management, LLC and Michael Melby report a significant passive ownership stake in JAKKS Pacific, Inc. common stock. They beneficially own 782,717 shares, representing 6.9% of the outstanding common stock as of 12/31/2025.

The filing states these securities were acquired and are held in the ordinary course of business, and not for the purpose or effect of changing or influencing control of JAKKS Pacific, other than activities solely in connection with a nomination under Rule 240.14a-11.

FAQ

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

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

Gate City Capital Management and Michael Melby beneficially own 782,717 JAKKS Pacific shares, representing 6.9% of the common stock. This Schedule 13G discloses their significant position and confirms their voting and dispositive power over these shares.

Is Gate City Capital’s JAKKS Pacific (JAKK) stake considered passive or activist?

The filing characterizes Gate City Capital’s JAKKS Pacific stake as passive. It certifies the securities were acquired and are held in the ordinary course of business and not for the purpose or effect of changing or influencing control of the company.

Who are the reporting persons in this JAKKS Pacific (JAKK) Schedule 13G?

The reporting persons are Gate City Capital Management, LLC and Michael Melby. Melby is the managing member of the management company, which advises certain private funds and managed accounts that hold the JAKKS Pacific common shares reported.

How many JAKKS Pacific (JAKK) shares does Gate City Capital control the voting for?

Gate City Capital and Michael Melby report sole voting power over 782,717 JAKKS Pacific common shares. They also report sole dispositive power over the same number of shares, with no shared voting or shared dispositive power disclosed.

What class of JAKKS Pacific (JAKK) securities is reported in this Schedule 13G?

The Schedule 13G covers JAKKS Pacific, Inc. common stock. The filing identifies the security as common stock with CUSIP number 47012E403 and reports Gate City Capital’s and Michael Melby’s beneficial ownership and related voting and dispositive powers.

As of what date is Gate City Capital’s JAKKS Pacific (JAKK) ownership reported?

The reported ownership of JAKKS Pacific shares is as of December 31, 2025. That date is specified as the event triggering the filing obligation for this Schedule 13G, reflecting beneficial ownership and percentage at that time.

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

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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

JAKKS Pacific, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

47012E403

(CUSIP Number)

12/31/2025

(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)

SCHEDULE 13G

CUSIP No. 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 782,717.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 782,717.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

782,717.00

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)

6.9 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP No. 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 782,717.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 782,717.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

782,717.00

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)

6.9 %

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: 782717
(b)	Percent of class: 6.90%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 782717
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 782717
	(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:	02/17/2026

Michael Melby

Signature:	/s/ Michael Melby
Name/Title:	Michael Melby, Managing Member
Date:	02/17/2026