Kartoon Studios (TOON) Director Davis Gray Receives 8,772-Share Award

What Happened
Davis Gray, a director of Kartoon Studios, received an award/grant of 8,772 common shares on September 21, 2026. The reported acquisition price is $0.00 per share (total value shown as $0 in the filing), indicating these shares were issued as a grant rather than bought on the open market.

Key Details

• Transaction date: 2026-09-21
• Transaction type/code: Award/Grant (Code A)
• Shares acquired: 8,772 at $0.00 per share (total reported $0)
• Shares owned after transaction: Not specified in the Form 4 filing
• Filing timeliness: Reported on the same date (no late filing flag noted)
• Footnotes/plan details: None disclosed in the filing

Context
Grants to directors are commonly part of compensation or equity incentives and do not represent an open-market purchase or sale. Such awards can dilute existing shares but are not an immediate bullish or bearish signal by themselves. Retail investors should consider this alongside other insider trades, company filings, and fundamentals.