Kartoon Studios (NASDAQ: TOON) CEO Andy Heyward Amends Form 4 on RSU Grant
Rhea-AI Filing Summary
Kartoon Studios, Inc. CEO and Chairman Andy Heyward filed an amended Form 4 updating his reported equity holdings in TOON. The filing identifies him as a director, officer, and reporting person acting individually.
The amendment explains that a previously reported grant of 2,000,000 restricted stock units, tied to a new employment agreement signed on August 25, 2025, was never finalized and no securities were issued, so the earlier report is being corrected. Following the corrected reporting, Heyward is shown with indirect ownership of 124 common shares through the Heyward Living Trust, 99,073 indirect common shares over which he has voting and dispositive power, and 1,783,115 common shares held directly, as well as 1,031,249 restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 0 | $0.00 | -- |
| holding | Common Stock, par value $0.001 per share | -- | -- | -- |
| holding | Common Stock, par value $0.001 per share | -- | -- | -- |
| holding | Common Stock, par value $0.001 per share | -- | -- | -- |
Footnotes (1)
- The Reporting Person indirectly owns 124 shares of common stock held by Heyward Living Trust. The Reporting Person indirectly owns 99,073 shares of common stock over which the Reporting Person holds voting and dispositive power. Each restricted stock unit represents a contingent right to receive one share of TOON common stock. This Form 4/A is filed to amend the Form 4 filed on September 19, 2025, which initially reported a grant of 2,000,000 restricted stock units to the Reporting Person pursuant to a new employment agreement signed on August 25, 2025. The terms were subsequently revisited, and the grant was never finalized and no securities were issued. Accordingly, this amendment corrects the prior report.
