JAKKS (JAKK) Director Lori MacPherson Exercises Options, Receives RSUs

What Happened

• Lori MacPherson, a director of JAKKS Pacific (JAKK), exercised/converted a derivative award and had restricted stock units (RSUs) vest on Sept 9, 2026. She received 4,827 shares from the derivative conversion (value $117,972 at $24.44/share) and 3,478 shares from vested RSUs (value $85,002 at $24.44/share). To cover tax/withholding obligations, 2,042 shares were surrendered (worth $49,906). Net increase in her holdings from these transactions: 6,263 shares (gross value received $202,974; net value retained ≈ $153,068).

Key Details

• Transaction date: 2026-09-09; Form 4 filed: 2026-09-11 (timely filing).
• Prices used: $24.44 per share (closing price preceding vest/grant as noted in filing).
• Activity breakdown:
  • Exercise/conversion (derivative): 4,827 shares acquired — $117,972.
  • RSU vest/grant: 3,478 shares acquired — $85,002.
  • Tax/withholding: 2,042 shares surrendered — $49,906.
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Notable footnotes: RSUs issued under the company’s 2002 Stock Award and Incentive Plan and subject to RSU agreement terms; RSUs vest in one installment (one-year anniversary) and require board membership to vest; some shares may be restricted under minimum ownership rules; share surrender was to satisfy tax liability per the RSU agreement.

Context

• The filing shows a conversion/exercise of derivative awards and RSU vesting with shares withheld to cover tax obligations — this is a common, routine compensation-related transaction (similar to a cashless exercise/withholding) rather than an open-market sale. The derivative "disposed" entry reflects surrender/conversion of the derivative instrument, not an open-market sale of shares.
• Such internal compensation events increase the insider’s ownership (here a net +6,263 shares) and are factual disclosures — they do not by themselves indicate the insider’s view of the company’s future.