Stephen G. Berman - Jan 1, 2024 Form 4 Insider Report for JAKKS PACIFIC INC (JAKK)

Role
CEO, President and Secretary, Director
Signature
/s/ Stephen G. Berman
Stock symbol
JAKK
Transactions as of
Jan 1, 2024
Transactions value $
$268,154
Form type
4
Date filed
1/3/2024, 09:22 PM
Previous filing
Jan 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction JAKK Common Stock Options Exercise $469K +13.2K +9.83% $35.55 148K Jan 1, 2024 Direct F1, F2, F3
transaction JAKK Common Stock Options Exercise $759K +21.4K +14.47% $35.55 169K Jan 1, 2024 Direct F1, F2, F3
transaction JAKK Common Stock Options Exercise $2.54M +71.4K +42.27% $35.55 240K Jan 1, 2024 Direct F1, F2, F3
transaction JAKK Common Stock Options Exercise $2.37M +66.7K +27.76% $35.55 307K Jan 1, 2024 Direct F1, F2, F3
transaction JAKK Common Stock Tax liability -$247K -6.95K -2.26% $35.55 300K Jan 1, 2024 Direct F2, F3, F4
transaction JAKK Common Stock Tax liability -$400K -11.2K -3.75% $35.55 289K Jan 1, 2024 Direct F2, F3, F4
transaction JAKK Common Stock Tax liability -$1.34M -37.6K -13.02% $35.55 251K Jan 1, 2024 Direct F2, F3, F4
transaction JAKK Common Stock Tax liability -$1.25M -35.1K -13.98% $35.55 216K Jan 1, 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 -$469K -13.2K -100% $35.55 0 Jan 1, 2024 Common Stock 13.2K Direct F1, F2, F3, F8
transaction JAKK Restricted Stock Unit ("RSU") Options Exercise -$759K -21.4K -50% $35.55 21.4K Jan 1, 2024 Common Stock 21.4K Direct F1, F2, F3, F8
transaction JAKK Restricted Stock Unit ("RSU") Options Exercise -$2.54M -71.4K -50% $35.55 71.4K Jan 1, 2024 Common Stock 71.4K Direct F1, F2, F3, F8
transaction JAKK Restricted Stock Unit ("RSU") Options Exercise -$2.37M -66.7K -33.33% $35.55 133K Jan 1, 2024 Common Stock 71.4K Direct F1, F2, F3, F8
transaction JAKK Restricted Stock Unit ("RSU") Award $3.5M +98.5K $35.55 98.5K Jan 1, 2024 Common Stock 98.5K 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.