Kartoon Studios (TOON) CEO gifts 20,903 shares to Bnei Akiva
Rhea-AI Filing Summary
Kartoon Studios, Inc. CEO and Chairman Andy Heyward reported a bona fide gift of 20,903 shares of common stock to Bnei Akiva of Los Angeles, receiving no consideration. After the gift, he directly holds 1,721,036 common shares, 1,031,249 RSUs, and additional indirect holdings of 124 and 99,073 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 20,903 shares
Net Sell
4 txns
Insider
Heyward Andy
Role
CEO and Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock, par value $0.001 per share F1 | 20,903 | $0.00 | $0.00 |
| holding | Restricted Stock Units F4, F5 | -- | -- | -- |
| holding | Common Stock, par value $0.001 per share F2 | -- | -- | -- |
| holding | Common Stock, par value $0.001 per share F3 | -- | -- | -- |
Holdings After Transaction:
Common Stock, par value $0.001 per share — 1,721,036 shares (Direct);
Restricted Stock Units — 1,031,249 shares (Direct);
Common Stock, par value $0.001 per share — 99,197 shares (Indirect, See Footnote)
Footnotes (5)
- F1. The reported transaction was a bona fide gift by the Reporting Person of 20,903 shares of Common Stock to Bnei Akiva of Los Angeles. The Reporting Person received no consideration for the shares.
- F2. The Reporting Person indirectly owns 124 shares of common stock held by Heyward Living Trust.
- F3. The Reporting Person indirectly owns 99,073 shares of common stock over which the Reporting Person holds voting and dispositive power.
- F4. Each restricted stock unit represents a contingent right to receive one share of TOON common stock.
- F5. The reported balance of RSUs includes previously granted and reported RSUs in accordance with their respective terms described in prior Form 4 filings.
Key Figures
Shares gifted: 20,903 shares
Direct common shares after transaction: 1,721,036 shares
Restricted Stock Units: 1,031,249 RSUs
+2 more
5 metrics
Shares gifted
20,903 shares
Bona fide gift of common stock to Bnei Akiva of Los Angeles
Direct common shares after transaction
1,721,036 shares
Directly held Kartoon Studios common stock following 20,903-share gift
Restricted Stock Units
1,031,249 RSUs
RSUs representing a contingent right to an equal number of TOON common shares
Indirect shares via Heyward Living Trust
124 shares
Indirect ownership held by Heyward Living Trust
Indirect shares with voting and dispositive power
99,073 shares
Indirect holdings over which the reporting person holds voting and dispositive power
Key Terms
bona fide gift, Restricted Stock Units, voting and dispositive power, indirectly owns
4 terms
bona fide gift financial
"The reported transaction was a bona fide gift by the Reporting Person"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
voting and dispositive power financial
"owns 99,073 shares of common stock over which the Reporting Person holds voting and dispositive power"
indirectly owns financial
"The Reporting Person indirectly owns 124 shares of common stock held by Heyward Living Trust"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What transaction did Kartoon Studios (TOON) CEO Andy Heyward disclose on Form 4?
Andy Heyward disclosed a bona fide gift of 20,903 Kartoon Studios common shares to Bnei Akiva of Los Angeles. He received no consideration for this transfer, and the transaction involved his directly held common stock rather than option exercises or market sales.
What Restricted Stock Units does Andy Heyward hold in Kartoon Studios (TOON)?
Andy Heyward holds Restricted Stock Units covering 1,031,249 underlying TOON shares. Each RSU represents a contingent right to receive one share of Kartoon Studios common stock, and the balance reflects previously granted RSUs reported under their respective terms in earlier Form 4 reports.