Tracy D. Daw - May 1, 2023 Form 4 Insider Report for Funko, Inc. (FNKO)

Role
CHIEF LEGAL OFFICER
Signature
/s/ Tracy D. Daw
Stock symbol
FNKO
Transactions as of
May 1, 2023
Transactions value $
-$28,252
Form type
4
Date filed
5/2/2023, 08:28 PM
Previous filing
Apr 25, 2023
Next filing
Aug 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FNKO CLASS A COMMON STOCK Options Exercise $0 +4.52K +10.08% $0.00 49.4K May 1, 2023 Direct F1, F2
transaction FNKO CLASS A COMMON STOCK Sale -$28.3K -3K -6.09% $9.40 46.4K May 2, 2023 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 FNKO Restricted Stock Units Options Exercise $0 -4.52K -49.99% $0.00 4.52K May 1, 2023 Class A Common Stock 4.52K Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Restricted stock units convert into Class A Common Stock on a one-for-one basis.
F2 The total number of Class A shares reported in Column 5 does not reflect any common units beneficially owned by the Reporting Person.
F3 Shares were sold to cover taxes following the vesting of restricted stock units pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 15, 2022.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.34 to $9.44, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
F5 On April 29, 2020, the Reporting Person was granted 18,081 restricted stock units, vesting in four equal annual installments on each of the first through fourth anniversaries of April 29, 2020, subject to the Reporting Person's continued employment with the Issuer through each applicable vesting date.