Kartoon Studios (NASDAQ: TOON) has a multi-million-share passive holder

Rhea-AI Filing Summary

Kartoon Studios, Inc. (TOON) received an amended Schedule 13G filing reporting that Clear Street Derivatives LLC holds a significant passive stake in its common stock. Clear Street Derivatives reports 3,550,631 shares of common stock as beneficially owned, representing 5.71% of the class, with sole power to vote and dispose of these shares.

Key Figures

Shares beneficially owned: 3,550,631 shares Percent of class: 5.71 % Sole voting power: 3,550,631 shares +3 more

6 metrics

Shares beneficially owned 3,550,631 shares Common stock of Kartoon Studios, Inc. reported by Clear Street Derivatives LLC

Percent of class 5.71 % Percentage of Kartoon Studios, Inc. common stock class beneficially owned

Sole voting power 3,550,631 shares Shares of TOON over which Clear Street Derivatives has sole power to vote

Shared voting power 0 Shares of TOON over which Clear Street Derivatives has shared voting power

Sole dispositive power 3,550,631 shares Shares of TOON over which Clear Street Derivatives has sole power to dispose

Signature date 06/30/2026 Date the Schedule 13G/A was signed by John DiBacco

Key Terms

Schedule 13G/A, beneficially owned, sole power to vote or to direct the vote, sole power to dispose or to direct the disposition, +1 more

5 terms

Schedule 13G/A regulatory

"Amendment No. 1 to Schedule 13G/A reporting beneficial ownership"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

beneficially owned financial

"Item 4. | Ownership (a) | Amount beneficially owned: 3550631"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

sole power to vote or to direct the vote regulatory

"Sole power to vote or to direct the vote: 3550631"

sole power to dispose or to direct the disposition regulatory

"Sole power to dispose or to direct the disposition of: 3550631"

percent of class financial

"Percent of class: 5.71 %"

Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.

FAQ

What ownership stake in TOON does Clear Street Derivatives report in this Schedule 13G/A?

Clear Street Derivatives reports beneficial ownership of 3,550,631 shares of Kartoon Studios, Inc. common stock. This represents 5.71% of the outstanding common stock, giving it a notable but minority passive position in the company.

Does the Schedule 13G/A show Clear Street Derivatives having voting control over TOON shares?

Yes. Clear Street Derivatives reports sole power to vote 3,550,631 shares of TOON common stock. It reports no shared voting power, indicating all reported voting authority resides solely with Clear Street Derivatives.

What dispositive power over TOON shares is reported by Clear Street Derivatives?

Clear Street Derivatives reports sole power to dispose of or direct the disposition of 3,550,631 shares of Kartoon Studios common stock. It reports no shared dispositive power over any TOON shares.

Why is this filing for TOON labeled as Schedule 13G/A Amendment No. 1?

The filing is labeled Schedule 13G/A Amendment No. 1 because it amends a prior Schedule 13G previously filed regarding TOON. It updates Clear Street Derivatives’ reported beneficial ownership and related information.

Who signed the Schedule 13G/A filed regarding TOON and in what capacity?

The Schedule 13G/A was signed by John DiBacco, who is identified as Head of Markets Trading at Clear Street Derivatives LLC. The signature date on the filing is 06/30/2026.

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

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Available on EDGAR 08/18/2026 - 01:08 PM Accepted by SEC EDGAR 08/18/2026 - 01:07 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Kartoon Studios Inc

(Name of Issuer)

Common Stock

(Title of Class of Securities)

37229T509

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 37229T509

1

Names of Reporting Persons

Clear Street Derivatives LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 3,550,631.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,550,631.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.71 %

12

Type of Reporting Person (See Instructions)

BD

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Kartoon Studios Inc
(b)	Address of issuer's principal executive offices: 301 North Canon Drive Beverly Hills CA, 90210
Item 2.
(a)	Name of person filing: Clear Street Derivatives LLC
(b)	Address or principal business office or, if none, residence: 4 WORLD TRADE CENTER, 150 Greenwich St Floor 45 New York, NY 10007
(c)	Citizenship: United States
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 37229T509
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 3550631
(b)	Percent of class: 5.71 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 3550631
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 3550631
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10. Certifications:

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Clear Street Derivatives LLC

Signature:	John DiBacco
Name/Title:	Head of Markets Trading
Date:	06/30/2026