Here is a flattened/thin Pegasus-- this is the larger version and is probably 5 1/2 feet measured side to side. They must have made a ton of the smaller horses in the range of 4 foot measured across vs these. For the smaller version you'll see them time to time with the thin (1/4 inch?) blue border around the perimeter of the horse. They made that 4' bordered horse for I believe 2 years only, from 1932-34, but dont quote me on the years.
This seller and I both said it at the same time, the cookie cutter Pegasus signs get all the attention. In my opinion, these thin signs present just as well, and this was a great example. Would have loved to give this sign a ride to my garage from the show.