STEPHEN G. BERMAN - 01 Jan 2024 Form 4 Insider Report for JAKKS PACIFIC INC (JAKK)

Role
CEO, President and Secretary, Director
Signature
/s/ Stephen G. Berman
Issuer symbol
JAKK
Transactions as of
01 Jan 2024
Net transactions value
+$268,154
Form type
4
Filing time
03 Jan 2024, 21:22:43 UTC
Previous filing
05 Jan 2023
Next filing
03 Jan 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction JAKK Common Stock Options Exercise $469,402 +13,204 +9.8% $35.55 147,570 01 Jan 2024 Direct F1, F2, F3
transaction JAKK Common Stock Options Exercise $759,170 +21,355 +14% $35.55 168,925 01 Jan 2024 Direct F1, F2, F3
transaction JAKK Common Stock Options Exercise $2,538,483 +71,406 +42% $35.55 240,331 01 Jan 2024 Direct F1, F2, F3
transaction JAKK Common Stock Options Exercise $2,371,363 +66,705 +28% $35.55 307,036 01 Jan 2024 Direct F1, F2, F3
transaction JAKK Common Stock Tax liability $247,144 -6,952 -2.3% $35.55 300,084 01 Jan 2024 Direct F2, F3, F4
transaction JAKK Common Stock Tax liability $399,689 -11,243 -3.7% $35.55 288,841 01 Jan 2024 Direct F2, F3, F4
transaction JAKK Common Stock Tax liability $1,336,502 -37,595 -13% $35.55 251,246 01 Jan 2024 Direct F2, F3, F4
transaction JAKK Common Stock Tax liability $1,248,516 -35,120 -14% $35.55 216,126 01 Jan 2024 Direct 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 Restricted Stock Unit ("RSU") Options Exercise $469,402 -13,204 -100% $35.55 0 01 Jan 2024 Common Stock 13,204 Direct F1, F2, F3, F8
transaction JAKK Restricted Stock Unit ("RSU") Options Exercise $759,170 -21,355 -50% $35.55 21,355 01 Jan 2024 Common Stock 21,356 Direct F1, F2, F3, F8
transaction JAKK Restricted Stock Unit ("RSU") Options Exercise $2,538,483 -71,406 -50% $35.55 71,407 01 Jan 2024 Common Stock 71,405 Direct F1, F2, F3, F8
transaction JAKK Restricted Stock Unit ("RSU") Options Exercise $2,371,363 -66,705 -33% $35.55 133,409 01 Jan 2024 Common Stock 71,405 Direct F1, F2, F3, F8
transaction JAKK Restricted Stock Unit ("RSU") Award $3,500,004 +98,453 $35.55 98,453 01 Jan 2024 Common Stock 98,453 Direct F2, F5, F6, F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Vested according to the terms of the RSU described in a previous filing.
F2 Certain of the shares may be restricted from transfer pursuant to the minimum stock ownership provisions adopted by the Company's Board of Directors.
F3 Represents the closing price of the Company's common stock for the trading day preceding the date of vest, as reported by NASDAQ.
F4 Represents the number of shares surrendered by the Holder in order to satisfy a tax withholding obligation, as permitted by the terms of a previously reported Restricted Stock Unit Agreement by and between the Holder and the Issuer and as approved by the Compensation Committee of the Issuer's Board of Directors.
F5 Issued under the Company's 2002 Stock award and Incentive Plan and is subject to the terms of Agreement for Award of Restricted Stock Units between Issuer and Reporting Person. In accordance with such Agreement, securities so issued will have no voting rights and may not be sold, mortgaged, pledged, transferred or otherwise encumbered prior to vesting.
F6 RSUs will vest in 3 equal annual installments commencing on the first anniversary of the date of the grant and on the second and third anniversaries thereafter. The Reporting Person must be employed by Issuer for an RSU to vest.
F7 Represents the closing price of the Company's common stock for the trading day preceding the date of grant, as reported by NASDAQ.
F8 Does not include additional RSUs previously granted and reported with different vesting terms.

Remarks:

All numbers have been adjusted to reflect the 1-for-10 reverse stock split that was effective July 9, 2020.