Benefit Street Partners LLC - Jul 22, 2021 Form 4 Insider Report for JAKKS PACIFIC INC (JAKK)

Role: 10%+ Owner
Signature: /s/ Alexander McMillan, Authorized Signatory, Benefit Street Partners L.L.C.
Stock symbol: JAKK
Transactions as of: Jul 22, 2021
Transactions value $: $2,856,088
Form type: 4
Date filed: 7/26/2021, 06:01 PM
Previous filing: Jul 26, 2021
Next filing: Dec 30, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	JAKK	Common Stock	Purchase	$2.86M	+284K	+36.67%	$10.10	1.06M	Jul 22, 2021	See Footnotes	F1, F3, F4
transaction	JAKK	Common Stock	Purchase	$3.16M	+300K	+28.39%	$10.53	1.36M	Jul 23, 2021	See Footnotes	F2, F3, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	JAKK	2023 Convertible Senior Notes	Sale	-$1.5M				$1.67M	Jul 22, 2021	Common Stock	266K	$5.65	See Footnotes	F3, F4
transaction	JAKK	2023 Convertible Senior Notes	Sale	-$1.67M				$0	Jul 23, 2021	Common Stock	295K	$5.65	See Footnotes	F3, F4

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

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $9.72 to $10.59, inclusive. The reporting persons undertake to provide to JAKKS Pacific, Inc. (the "Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnotes (1) and (2) to this Form 4.
F2	The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $10.07 to $10.75, inclusive.
F3	The reported securities are held by one or more private funds and accounts (the "BSP Funds"). Benefit Street Partners L.L.C. ("BSP") is a registered investment adviser under Section 203 of the Investment Advisers Act of 1940, as amended. BSP serves as the investment adviser to each of the BSP Funds. Mr. Gahan controls BSP in his role as Chief Executive Officer of BSP's sole managing member. As a result, each of BSP and Mr. Gahan may be deemed to beneficially own the securities held by the BSP Funds. Each reporting person disclaims beneficial ownership of these securities, except to the extent of its or his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
F4	Pursuant to the certificate of designations for the Issuer's Series A Senior Preferred Stock and a voting agreement between the Issuer and certain holders party thereto, BSP has certain director designation rights with respect to the Issuer's board of directors. Matthew Winkler currently serves as BSP's designee.