Kenneth R. Brotman - Apr 5, 2022 Form 4 Insider Report for Funko, Inc. (FNKO)

Role
Director
Signature
/s/ Teresa Bernstein, Attorney-in-fact
Stock symbol
FNKO
Transactions as of
Apr 5, 2022
Transactions value $
-$903,000
Form type
4
Date filed
4/7/2022, 08:45 PM
Previous filing
Mar 22, 2022
Next filing
Apr 12, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FNKO Class A Common Stock Conversion of derivative security +22.4K 22.4K Apr 5, 2022 By ACON Funko Investors, L.L.C. F1, F2, F3
transaction FNKO Class A Common Stock Sale -$404K -22.4K -100% $18.06 0 Apr 5, 2022 By ACON Funko Investors, L.L.C. F2, F3, F4
transaction FNKO Class A Common Stock Sale -$192K -10.6K -0.3% $18.06 3.49M Apr 5, 2022 By ACON Funko Investors Holdings 1, L.L.C. F2, F3, F4
transaction FNKO Class A Common Stock Sale -$80.8K -4.47K -0.3% $18.06 1.47M Apr 5, 2022 By ACON Funko Investors Holdings 2.5, L.L.C. F2, F3, F4
transaction FNKO Class A Common Stock Sale -$225K -12.5K -0.3% $18.06 4.11M Apr 5, 2022 By ACON Funko Investors Holdings 3.5, L.L.C. F2, F3, F4
transaction FNKO Class A Common Stock Sale -$759 -42 -0.3% $18.06 13.9K Apr 5, 2022 By ACON Funko Manager, L.L.C. F2, F3, F4
transaction FNKO Class B Common Stock Disposed to Issuer -22.4K -0.3% 7.37M Apr 5, 2022 By ACON Funko Investors, L.L.C. F2, F3, F5, F6
holding FNKO Class A Common Stock 5.9K Apr 5, 2022 By ACON Funko Manager, L.L.C. F2, F3, F7

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 Common Units of Funko Acquisition Holdings, L.L.C. Conversion of derivative security -22.4K -0.3% 7.37M Apr 5, 2022 Class A common stock 22.4K By ACON Funko Investors, L.L.C. F2, F3, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the redemption by the Issuer of common units of Funko Acquisition Holdings, L.L.C. in exchange for newly-issued shares of Class A common stock on a one-for-one basis.
F2 ACON Funko Manager, L.L.C. is (x) the sole manager of, and exercises voting and investment power over shares held by, ACON Funko Investors, L.L.C. and (y) the sole managing member of, and exercises voting and investment power over shares held by,ACON Funko Investors Holdings 1, L.L.C. ACON Equity GenPar, L.L.C. is the sole managing member of, and exercises voting and investment power over shares held by, each of ACON Funko Investors Holdings 2.5, L.L.C. and ACON Funko Investors Holdings 3.5, L.L.C. Voting and investment decisions at ACON Funko Manager, L.L.C. are made by a board of managers, the members of which are Bernard Aronson, Kenneth Brotman, Jonathan Ginns, Daniel Jinich, Andre Bhatia and Aron Schwartz. Voting and investment decisions at ACON Equity GenPar, L.L.C. are made by an investment committee, the members of which are Bernard Aronson, Kenneth Brotman, Jonathan Ginns, Daniel Jinich, Andre Bhatia and Aron Schwartz.
F3 The Reporting Person is employed by an affiliate of ACON Funko Manager, L.L.C. and ACON Equity GenPar, L.L.C., and may be deemed to beneficially own securities owned by them. Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), the Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, if any, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 of the Exchange Act or any other purpose.
F4 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on December 10, 2021.
F5 The shares of Class B common stock (i) confer no incidents of economic ownership on the holders thereof, (ii) only confer voting rights on the holders thereof and (iii) may only be issued, on a one-for-one basis, to the permitted holders of common units of Funko Acquisition Holdings, L.L.C.
F6 Reflects the cancellation for no consideration of a number of shares of Class B common stock equal to the number of common units of Funko Acquisition Holdings, L.L.C. redeemed by the Issuer pursuant to their terms in connection with the redemption.
F7 Gino Dellomo, a former director of the Issuer, has an agreement with ACON Funko Manager, L.L.C. pursuant to which he holds the reported securities for the benefit of ACON Funko Manager, L.L.C. Accordingly, Mr. Dellomo disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, if any, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 of the Exchange Act, or any other purpose. The grant and exercise of such securities are exempt from Schedule 16(b) pursuant to Rule 16b-3(d) and Rule 16b-6(b), respectively, under the Exchange Act.
F8 At the request of the holder, the common units may be redeemed for, at the Issuer's election, newly-issued shares of Class A common stock on a one-for-one basis or a cash payment equal to a volume weighted average market price of one share of Class A common stock for each common unit redeemed.