Kartoon Studios (NASDAQ: TOON) CFO awarded 500,000 RSUs with multi-year vesting

Rhea-AI Filing Summary

Kartoon Studios, Inc. (TOON) reported an equity award to its Chief Financial Officer, who is identified as the reporting person on this Form 4. The officer beneficially owns 17,768 shares of common stock directly. In addition, on November 24, 2025, the officer received a grant of 500,000 restricted stock units at an exercise price of $0, each representing a right to receive one share of TOON common stock.

The 500,000 restricted stock units vest over three years, with 166,666 shares vesting on December 31, 2026, 166,666 shares vesting on December 31, 2027, and 166,668 shares vesting on December 31, 2028, subject to the officer’s continued employment. Vested shares will be delivered to the officer in equal installments in each calendar quarter following each vesting date.

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

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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^*

Parisi Brian

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
11/24/2025

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								17,768	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
Restricted Stock Units	(1)	11/24/2025		A		500,000		(2)	(2)	Common Stock, par value $0.001 per share	500,000	$0	500,000	D

Explanation of Responses:

1. Each restricted stock unit represents a contingent right to receive one share of TOON common stock.

2. On November 24, 2025, the Reporting Person was granted 500,000 restricted stock units, vesting as follows: 166,666 shares on December 31, 2026, 166,666 shares on December 31, 2027, and 166,668 shares on December 31, 2028, subject to the Reporting Person's continued employment. Vested shares will be delivered to the Reporting Person in equal installments in each calendar quarter following the vesting date.

Remarks:

	/s/ Brian Parisi	12/03/2025
	** 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 executive transaction did Kartoon Studios (TOON) disclose in this Form 4?

Kartoon Studios disclosed that its Chief Financial Officer received a grant of 500,000 restricted stock units on November 24, 2025, along with reporting direct ownership of 17,768 shares of common stock.

How many Kartoon Studios (TOON) shares does the reporting person currently own directly?

The reporting person directly owns 17,768 shares of Kartoon Studios common stock, classified as direct ownership in the filing.

What are the vesting terms of the 500,000 restricted stock units at Kartoon Studios (TOON)?

The 500,000 restricted stock units vest in three tranches: 166,666 shares on December 31, 2026, 166,666 shares on December 31, 2027, and 166,668 shares on December 31, 2028, subject to continued employment.

What does each restricted stock unit represent for Kartoon Studios (TOON)?

Each restricted stock unit represents a contingent right to receive one share of Kartoon Studios common stock, as stated in the explanation of responses.

Is there a cash exercise price for the Kartoon Studios (TOON) restricted stock units?

The filing lists the price of the restricted stock units as $0, indicating they are equity awards that do not require a cash exercise price.

When will vested Kartoon Studios (TOON) RSU shares be delivered to the officer?

The filing states that vested shares will be delivered in equal installments in each calendar quarter following the applicable vesting date.