JAKKS PACIFIC INC — Director's Dealing 2021

Dec 20, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: JAKKS PACIFIC INC (JAKK)
CIK: 0001009829
Period of Report: 2021-12-15

Reporting Person: Benefit Street Partners LLC (10% Owner)
Reporting Person: Gahan Thomas (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-12-15	Common Stock	P	119884	$10.53	Acquired	1476523	Indirect
2021-12-15	Series A Senior Preferred Stock	P	40965	$88.48	Acquired	145788	Indirect

Footnotes

F1: The reported securities are held by one or more private funds and accounts (the "BSP Funds"). Benefit Street Partners L.L.C. ("BSP") is a registered investment adviser under Section 203 of the Investment Advisers Act of 1940, as amended. BSP, either directly or through one or more affiliated entities, serves as the investment adviser to each of the BSP Funds. Mr. Gahan controls BSP in his role as Chief Executive Officer of BSP's sole managing member. As a result, each of BSP and Mr. Gahan may be deemed to beneficially own the securities held by the BSP Funds. Each reporting person disclaims beneficial ownership of these securities, except to the extent of its or his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.

F2: The BSP Funds collectively own a majority of the issued and outstanding shares of the Series A Senior Preferred Stock (the "Preferred Stock") of JAKKS Pacific, Inc. (the "Issuer"). Pursuant to the certificate of designations, as amended, governing the Preferred Stock, holders of the Preferred Stock have the right to vote on certain matters, including election of two directors to the Issuer's board of directors, as a separate class from the Issuer's common stock (the "Common Stock"); however, the Preferred Stock is not convertible into Common Stock. Matthew Winkler, a managing director at BSP, and Lori MacPherson currently serve as BSP's designees to the Issuer's board of directors.