Welcome to our dedicated page for Kartoon Studios SEC filings (Ticker: TOON), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Kartoon Studios, Inc. filings document an entertainment operating company organized in Nevada and traded on NYSE American under TOON. The record includes Form 8-K reports on quarterly and annual results, material definitive agreements, share issuances tied to settlement of obligations, and governance matters such as director appointments, resignations and executive employment agreements.
Registration statements and current reports describe the company's securities registration activity, capital-structure disclosures, smaller reporting-company status and business in producing, distributing and licensing children's and family entertainment. These filings also cover exhibits, press releases and other formal disclosures tied to Toon Media Networks, Mainframe Studios and the company's branded intellectual-property portfolio.
Kartoon Studios, Inc. director Henry Sicignano III reported acquiring 6,452 shares of Kartoon Studios common stock on 12/11/2025 at a stated price of $0 per share. After this transaction, he beneficially owns 68,568 shares of common stock in direct form. The filing also notes that on February 6, 2023, Kartoon Studios completed a 10-for-1 reverse stock split, in which every 10 shares of voting common stock were automatically converted into 1 share of common stock.
Kartoon Studios, Inc. director reports stock grant
A director of Kartoon Studios, Inc. (TOON) reported acquiring 6,452 shares of common stock on December 11, 2025. The transaction is coded as an acquisition at a stated price of $0, indicating this was likely an award rather than an open-market purchase. After this transaction, the director beneficially owns 139,419 shares of Kartoon Studios common stock in direct ownership.
The filing also notes that on February 6, 2023, Kartoon Studios implemented a 10-for-1 reverse stock split, where every 10 shares of voting common stock were converted into 1 share of common stock, which affects how past share amounts should be viewed relative to current holdings.
Kartoon Studios, Inc. director Anthony D. Thomopoulos reported an acquisition of company stock. On 12/01/2025, he acquired 3,586 shares of Kartoon Studios common stock at a reported price of $0, increasing his directly held position to 132,967 shares. The filing also notes that on February 6, 2023, Kartoon Studios completed a 10-for-1 reverse stock split, in which every 10 shares of voting common stock were automatically converted into 1 share of common stock. This Form 4 reflects his updated holdings after the reported transaction.
Kartoon Studios director and CEO Andy Heyward reported a private share transfer and updated his holdings in the company’s stock. On December 3, 2025, he instructed a private, non‑market, non‑cash transfer of 41,176 shares of Kartoon Studios, Inc. common stock at a reported price of $0, to be completed upon processing by the transfer agent. Following this transaction, he directly holds 1,741,939 shares of common stock. He also indirectly owns 124 shares through the Heyward Living Trust and 99,073 shares over which he has voting and dispositive power. In addition, he holds 1,031,249 restricted stock units, each representing a contingent right to receive one share of TOON common stock.
Kartoon Studios, Inc. (TOON) reported an equity award for a senior executive. The company’s COO, General Counsel and Secretary, Michael Jaffa, was granted 750,000 restricted stock units (RSUs) on November 24, 2025. Each RSU represents a contingent right to receive one share of Kartoon Studios common stock.
The RSUs vest in three equal installments of 250,000 shares each, scheduled on November 14, 2026, November 14, 2027, and November 14, 2028, subject to his continued employment. Vested shares will be delivered in equal quarterly installments after each vesting date. Following this grant, Jaffa is shown as directly holding 57,001 shares of Kartoon Studios common stock.
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.
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.
Kartoon Studios, Inc. reported new executive employment agreements and an equity-based settlement of certain obligations. Chief Financial Officer Brian Parisi will continue in his role for a two-year term starting January 1, 2026, with an annual base salary of $375,000 in the first year and $400,000 in the second year, plus eligibility for an annual performance bonus and 500,000 restricted stock units vesting over three years. Chief Operating Officer and General Counsel Michael Jaffa will serve under a three-year agreement effective November 14, 2025, with an initial $450,000 base salary that increases 5% annually, a $50,000 guaranteed bonus in December 2025, and 750,000 restricted stock units vesting over three years.
The company also entered into an agreement with Continuation Capital, Inc. to pay obligations totaling $968,612.79 by issuing up to 1,705,071 shares of common stock, at a rate of 1.75 shares per dollar of obligation. These shares will be issued as unregistered securities under an exemption provided by Section 3(a)(10) of the Securities Act of 1933, following approval by a Florida court and the NYSE American.
Kartoon Studios, Inc. has filed a resale registration statement on Form S-1 covering up to 10,596,262 shares of common stock. These shares consist of 9,903,049 shares issuable upon exercise of common warrants held by an institutional investor and 693,213 shares issuable upon exercise of placement agent warrants issued to Dawson James Securities and its designees.
The company is not selling shares in this offering and will not receive proceeds from any resale by the selling stockholders. It will receive cash only if the warrants are exercised, and currently plans to use any such proceeds for working capital and general corporate purposes. The registered resale follows October 2025 financings in which Kartoon sold 3,000,000 shares, pre-funded warrants for 6,903,049 shares, and common warrants for 9,903,049 shares, raising approximately $7.3 million in gross proceeds.
As of November 14, 2025, Kartoon had 53,905,697 shares outstanding, which would rise to 64,501,959 shares if all registered warrants are exercised. The prospectus highlights risks that resales of a large block of shares and potential future issuances could pressure the stock price and dilute existing holders.
Kartoon Studios, Inc. (TOON) director Jeffrey Schlesinger filed an initial Form 3 beneficial ownership report. The filing states that he held no securities of Kartoon Studios as of the event date of 10/10/2025. This means that, at the time he became a reporting insider, he did not own company stock or derivative securities such as options or warrants.