Kartoon Studios director granted 8,772 shares

Kartoon Studios director Davis Gray received an equity award and now directly holds over 100,000 TOON shares.

Rhea-AI Filing Summary

Kartoon Studios, Inc. (symbol: TOON) is the issuer of record for a Form 4 filing submitted to the SEC. Davis Gray reported acquisition or exercise transactions in this Form 4 filing.

Kartoon Studios, Inc. (TOON) director Davis Gray reported receiving a grant or award of 8,772 shares of Common Stock on September 21, 2026. The award was reported at a price of $0.00 per share, and following this transaction Gray directly holds 106,410 shares of Kartoon Studios common stock. No Rule 10b5-1 trading plan is reported for this transaction.

Insider Trade Summary

Grant/Award: 8,772 shares

Grant/Award 1 txn

Insider Davis Gray

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	8,772	$0.00	$0.00

Holdings After Transaction: Common Stock — 106,410 shares (Direct)

Key Figures

Shares acquired: 8,772 shares Reported price per share: $0.00 per share Shares held after transaction: 106,410 shares +1 more

4 metrics

Shares acquired 8,772 shares Grant or award of common stock to director Davis Gray on September 21, 2026

Reported price per share $0.00 per share Equity award of 8,772 shares of Kartoon Studios common stock

Shares held after transaction 106,410 shares Direct holdings of Kartoon Studios common stock by director Davis Gray after the award

Transactions reported 1 transaction Single grant, award, or other acquisition reported on this Form 4

Key Terms

Grant, award, or other acquisition, Common Stock, Rule 10b5-1 trading plan

3 terms

Grant, award, or other acquisition financial

"transaction is described as a grant, award, or other acquisition of shares"

Common Stock financial

"security title for the reported insider transaction is Common Stock"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Rule 10b5-1 trading plan regulatory

"no Rule 10b5-1 trading plan is reported for this transaction"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

FAQ

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

What insider transaction did Kartoon Studios (TOON) disclose for Davis Gray?

Kartoon Studios disclosed that director Davis Gray received a grant or award of 8,772 shares of common stock on September 21, 2026, reported at $0.00 per share.

How many Kartoon Studios (TOON) shares does Davis Gray hold after this Form 4?

After the reported award, director Davis Gray directly holds 106,410 shares of Kartoon Studios common stock, according to the Form 4.

Was the Kartoon Studios (TOON) insider award to Davis Gray a market purchase?

No. The Form 4 characterizes the transaction as a grant, award, or other acquisition of 8,772 shares at a reported price of $0.00 per share, not an open-market purchase.

Did Kartoon Studios (TOON) report any stock sales by Davis Gray in this Form 4?

No. The Form 4 reports only an acquisition of 8,772 shares by grant or award, and no sales or dispositions are listed.

Was the Kartoon Studios (TOON) insider transaction under a Rule 10b5-1 trading plan?

The filing indicates no Rule 10b5-1 trading plan for this transaction; the document-level 10b5-1 checkbox is marked as not affirmed.

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

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Available on EDGAR 09/21/2026 - 11:49 AM Accepted by SEC EDGAR 09/21/2026 - 11:49 AM Learn about SEC filing dates

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
Estimated average burden
hours per response:			0.5

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^*

Davis Gray

(Last) (First) (Middle)

C/O KARTOON STUDIOS, INC.

190 N. CANON DRIVE, 4TH FLOOR

(Street)

BEVERLY HILLS CALIFORNIA 90210

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/21/2026

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

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

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

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	09/21/2026		A		8,772	A	$0	106,410	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:

Remarks:

	/s/ Gray Davis	09/21/2026
	** 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.
* Form 4: SEC 1474 (03-26)