Michael Hirsh - Jul 27, 2023 Form 4 Insider Report for Kartoon Studios, Inc. (TOON)

Role: Director
Signature: /s/ Michael Hirsh
Stock symbol: TOON
Transactions as of: Jul 27, 2023
Transactions value $: $0
Form type: 4
Date filed: 9/27/2023, 05:47 PM
Previous filing: Sep 22, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TOON	Common Stock	Award	$0	+1.94K	+39.33%	$0.00	6.87K	Jul 27, 2023	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 "February 2023 Reverse Stock Split). Upon effectiveness of the February 2023 Reverse Stock Split, every 10 shares of common stock was automatically converted into one share of common stock. On November 4, 2016, the issuer effected a 3-for-1 reverse stock split of the issued and outstanding shares of its common stock (the "November 2021 Reverse Stock Split"). Upon effectiveness of the November 2021 Reverse Stock Split, every 3 shares of common stock was automatically converted into one share of common stock.

Content

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 "February 2023 Reverse Stock Split). Upon effectiveness of the February 2023 Reverse Stock Split, every 10 shares of common stock was automatically converted into one share of common stock. On November 4, 2016, the issuer effected a 3-for-1 reverse stock split of the issued and outstanding shares of its common stock (the "November 2021 Reverse Stock Split"). Upon effectiveness of the November 2021 Reverse Stock Split, every 3 shares of common stock was automatically converted into one share of common stock.