Form 4: Lynne A. Segall Reports Acquisition of Kartoon Studios Stock
SEC Form 4 Filing
Director Lynne A. Segall reports acquiring 5,814 shares of Kartoon Studios, Inc. common stock on September 19, 2024.
Summary
- Lynne A. Segall, a director of Kartoon Studios, Inc., filed a Form 4 on September 23, 2024, reporting a transaction.
- On September 19, 2024, Segall acquired 5,814 shares of common stock at a price of $0.
- Following the transaction, Segall beneficially owns 35,486 shares of Kartoon Studios, Inc.
- The filing also references a 10-for-1 reverse stock split that occurred on February 6, 2023.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard disclosures required by the SEC when insiders such as directors or officers trade in their company's stock. These filings provide transparency to the market regarding insider activity.
Stakeholder Impact
- The acquisition of shares by a director could be viewed positively by shareholders as it signals confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 02/06/2023 | Issuer effected a 10-for-1 reverse stock split. |
| 09/19/2024 | Lynne A. Segall acquired 5,814 shares of common stock. |
| 09/23/2024 | Form 4 filing date. |
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