Kartoon Studios (TOON) CFO receives 500,000 RSU grant vesting through 2029
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Parisi Brian reported acquisition or exercise transactions in this Form 4 filing.
Kartoon Studios CFO Brian Parisi reported an amended grant of 500,000 restricted stock units (RSUs) tied to TOON common stock. This Form 4/A corrects the transaction date previously reported and moves the RSU disclosure from the derivative table to the non-derivative table.
The RSUs represent a contingent right to receive 500,000 shares, vesting in three tranches: 166,666 shares on January 1, 2027, 166,666 shares on January 1, 2028, and 166,668 shares on January 1, 2029, subject to his continued employment. Following this grant, Parisi directly holds 529,435 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Parisi Brian
Role
CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 500,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 529,435 shares (Direct)
Footnotes (1)
- This Form 4/A amends the Form 4 originally filed on 12/3/2025 to correct the transaction date. The Reporting Person had reported the restricted stock unit grant in Table II of the original Form 4 but has determined to hereafter report this and any future restricted stock unit grants in Table I. Grant of restricted stock units representing a contingent right to receive shares of TOON common stock. The restricted stock units will vest as follows: 166,666 shares on January 1, 2027, 166,666 shares on January 1, 2028, and 166,668 shares on January 1, 2029, subject to the Reporting Person's continued employment. Each restricted stock unit represents a contingent right to receive one share of TOON common stock.
Key Figures
RSU grant size: 500,000 restricted stock units
First vesting tranche: 166,666 RSUs
Second vesting tranche: 166,666 RSUs
+3 more
6 metrics
RSU grant size
500,000 restricted stock units
Contingent right to receive TOON common stock
First vesting tranche
166,666 RSUs
Vesting on January 1, 2027
Second vesting tranche
166,666 RSUs
Vesting on January 1, 2028
Third vesting tranche
166,668 RSUs
Vesting on January 1, 2029
Shares after transaction
529,435 shares
Total direct holdings following RSU grant
Grant price per share
$0.00 per share
Reported transaction price for RSU grant
Key Terms
restricted stock units, contingent right, Table II, Table I, +1 more
5 terms
restricted stock units financial
"Grant of restricted stock units representing a contingent right to receive shares of TOON common stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of TOON common stock."
Table II regulatory
"had reported the restricted stock unit grant in Table II of the original Form 4"
Table I regulatory
"has determined to hereafter report this and any future restricted stock unit grants in Table I."
continued employment financial
"will vest as follows ... subject to the Reporting Person's continued employment."
Continued employment means that an individual remains in their current job without interruption. For investors, it signals stability and ongoing work that can affect company performance and future prospects. Like a steady heartbeat for a business, sustained employment helps ensure consistent operations and financial health.
FAQ
What insider transaction did Kartoon Studios (TOON) CFO Brian Parisi report?
Kartoon Studios CFO Brian Parisi reported an amended grant of 500,000 restricted stock units. These RSUs represent a contingent right to receive TOON common shares, replacing an earlier Form 4 entry that had reported the grant in the derivative securities table.
How do Brian Parisi’s Kartoon Studios (TOON) RSUs vest over time?
The 500,000 restricted stock units vest in three equal annual tranches. 166,666 RSUs vest on January 1, 2027, another 166,666 on January 1, 2028, and 166,668 on January 1, 2029, all conditioned on Parisi’s continued employment with Kartoon Studios.
What does each restricted stock unit mean in Brian Parisi’s TOON grant?
Each restricted stock unit represents a contingent right to receive one share of TOON common stock. This means Parisi does not receive shares immediately; he gains shares only as the RSUs vest according to the specified employment-based schedule.
Why is this Kartoon Studios (TOON) filing labeled Form 4/A instead of Form 4?
The filing is an amendment because it corrects the previously reported transaction date. It also changes how the restricted stock unit grant is reported, moving it from the derivative securities table (Table II) to the non-derivative securities table (Table I).
What condition applies to the vesting of Brian Parisi’s TOON restricted stock units?
Vesting of Brian Parisi’s TOON restricted stock units is subject to continued employment. If he remains employed, tranches vest on January 1 of 2027, 2028, and 2029, allowing him to receive the corresponding common stock shares over time.