X0202 SCHEDULE 13G 0001163653 XXXXXXXX LIVE Common Stock, par value $0.001 per share 03/31/2026 0001355848 Kartoon Studios, Inc. 37229T509 190 N. Canon Drive 4th Fl. Beverly Hills CA 90210 Rule 13d-1(b) NOMURA HOLDINGS INC M0 0 3286664 0 3286664 3286664 N 5.8 HC (1) Shared voting and dispositive power represents 3,286,664 shares of Common Stock beneficially owned by Nomura Global Financial Products, Inc. ("NGFP"). NGFP is a wholly owned subsidiary of Nomura Holdings, Inc., which accordingly may be deemed to beneficially own the shares of Common Stock beneficially owned by NGFP. (2) The percent of class is calculated based on 56,336,035 shares of Common Stock outstanding as of March 31, 2026, as reported in the Issuer's annual report on Form 10-K for the fiscal year ended December 31, 2025 filed with the SEC on March 31, 2026. NOMURA GLOBAL FINANCIAL PRODUCTS INC DE 0 3286664 0 3286664 3286664 N 5.8 BD (3) The percent of class is calculated based on 56,336,035 shares of Common Stock outstanding as of March 31, 2026, as reported in the Issuer's annual report on Form 10-K for the fiscal year ended December 31, 2025 filed with the SEC on March 31, 2026. Kartoon Studios, Inc. 190 N. Canon Drive, 4th Fl., Beverly Hills, California 90210 Nomura Holdings, Inc. Nomura Global Financial Products, Inc. This Schedule 13G excludes securities beneficially owned, if any, by certain subsidiaries of Nomura Holdings Inc. whose beneficial ownership of securities are disaggregated from that of Nomura Holdings Inc. in accordance with SEC Release No. 34-39538 (January 12, 1998). Nomura Holdings, Inc.: 13-1, Nihonbashi 1-chome, Chuo-ku, Tokyo 103-8645, Japan Nomura Global Financial Products, Inc.: Worldwide Plaza 309 West 49th Street New York, NY 10019 Nomura Holdings, Inc.: Japan Nomura Global Financial Products, Inc.: Delaware N BD HC Items 5-11 of the cover pages are incorporated by reference. Items 5-11 of the cover pages are incorporated by reference. Items 5-11 of the cover pages are incorporated by reference. Items 5-11 of the cover pages are incorporated by reference. Items 5-11 of the cover pages are incorporated by reference. Items 5-11 of the cover pages are incorporated by reference. Y Y N See Exhibit B Y Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. Exhibit A - Joint Filing Agreement Exhibit B - Subsidiaries NOMURA HOLDINGS INC /s/ Samir Patel 05/15/2026 NOMURA GLOBAL FINANCIAL PRODUCTS INC /s/ Samir Patel 05/15/2026