Gray Davis - 02 Jan 2026 Form 4 Insider Report for Kartoon Studios, Inc. (TOON)

Role: Director
Signature: /s/ Gray Davis
Issuer symbol: TOON
Transactions as of: 02 Jan 2026
Net transactions value: $0
Form type: 4
Filing time: 05 Jan 2026, 15:26:44 UTC
Previous filing: 19 Sep 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Davis Gray	Director	C/O KARTOON STUDIOS, INC., 190 N. CANON DRIVE, 4TH FLOOR, BEVERLY HILLS	/s/ Gray Davis	02 Jan 2026	0001320604

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TOON	Common Stock	Award	$0	+6,269	+8.1%	$0.000000	83,769	02 Jan 2026	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On February 6, 2023, the issuer effected a 10-for-1 reverse stock split of the issued and outstanding shares of its common stock (the "2023 Reverse Stock Split"). Upon effectiveness of the 2023 Reverse Stock Split, every 10 shares of voting common stock was automatically converted into 1 share of common stock.