Kartoon Studios (TOON) director Turner-Graham reports 6,452-share stock acquisition

Rhea-AI Filing Summary

Kartoon Studios director Cynthia Turner-Graham reported receiving additional common shares of Kartoon Studios, Inc. (TOON). On 12/11/2025, she acquired 6,452 shares of common stock at a stated price of $0, increasing her holdings to 65,433 shares beneficially owned in direct form. The filing notes a prior 10-for-1 reverse stock split that took effect on February 6, 2023, where every 10 shares of voting common stock were converted into 1 share of common stock, providing context for current share amounts.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Turner-Graham Cynthia

(Last) (First) (Middle)

C/O KARTOON STUDIOS, INC.

190 N. CANON DRIVE, 4TH FLOOR

(Street)

BEVERLY HILLS CA 90210

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Kartoon Studios, Inc. [ TOON ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/11/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	12/11/2025		A		6,452	A	$0	65,433(1)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 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.

Remarks:

	/s/ Cynthia Turner-Graham	12/12/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Kartoon Studios (TOON) report for Cynthia Turner-Graham?

The filing shows that director Cynthia Turner-Graham acquired 6,452 shares of Kartoon Studios common stock on 12/11/2025.

How many Kartoon Studios (TOON) shares does the reporting person own after this transaction?

After the reported transaction, Cynthia Turner-Graham beneficially owns 65,433 shares of Kartoon Studios common stock in direct ownership form.

What was the reported price for the Kartoon Studios (TOON) shares acquired?

The 6,452 shares of Kartoon Studios common stock were reported as acquired at a price of $0 per share.

What is the relationship of the reporting person to Kartoon Studios (TOON)?

The reporting person, Cynthia Turner-Graham, is identified as a director of Kartoon Studios, Inc.

Does this Kartoon Studios (TOON) Form 4 include any derivative securities?

The table for derivative securities is present but shows no derivative securities acquired, disposed of, or beneficially owned in this report.

What reverse stock split did Kartoon Studios (TOON) disclose in the explanation of responses?

The company previously effected a 10-for-1 reverse stock split on February 6, 2023, where every 10 shares of voting common stock were automatically converted into 1 share of common stock.

Is the Kartoon Studios (TOON) Form 4 filed for one or multiple reporting persons?

The document indicates that the Form 4 is filed by one reporting person, not a group.