Kartoon Studios (TOON) CEO Andy Heyward Gifts 20,903 Shares

What Happened
Andy Heyward, CEO, Chairman and a director of Kartoon Studios (TOON), made a bona fide gift of 20,903 shares of common stock on August 5, 2026. The shares were transferred with no consideration (price $0.00), so the transaction generated no proceeds. The Form 4 was filed on August 6, 2026.

Key Details

• Transaction date: 2026-08-05; Filing date: 2026-08-06 (timely; Form 4 filed within required window).
• Transaction type/code: Gift (G). Shares transferred: 20,903. Price per share: $0.00; total proceeds: $0.
• Recipient: Bnei Akiva of Los Angeles (per footnote).
• Holdings noted in filing: Reporting person indirectly owns 124 shares held by the Heyward Living Trust (F2) and indirectly owns 99,073 shares over which he holds voting and dispositive power (F3).
• Additional notes: Footnote F1 confirms the transfer was a gift and no consideration was received. Footnotes F4–F5 explain that restricted stock units (RSUs) reported elsewhere represent contingent rights to receive TOON shares and reflect previously granted RSUs per prior filings.

Context
Gifts by insiders are common for charitable or estate-planning reasons and do not necessarily signal the insider’s view of the company’s prospects. This was a non-sale disposition (no cash received). There is no indication this was part of a Rule 10b5-1 plan or a late filing; the filing appears timely.