ACON Funko Manager, L.L.C. - May 27, 2021 Form 4 Insider Report for Funko, Inc. (FNKO)

Role: Director, 10%+ Owner
Signature: /s/ Teresa Bernstein, Attorney-in-fact
Stock symbol: FNKO
Transactions as of: May 27, 2021
Transactions value $: $0
Form type: 4
Date filed: 5/27/2021, 05:37 PM
Next filing: Jun 8, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FNKO	Class A Common Stock	Options Exercise		+10.8K			10.8K	May 27, 2021	See footnote	F1, F2
holding	FNKO	Class A Common Stock						4.21M	May 27, 2021	By ACON Funko Investors Holdings 1, L.L.C.	F3, F4
holding	FNKO	Class A Common Stock						4.78K	May 27, 2021	Direct

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	-10.8K	-100%	$0.00^*	0	May 27, 2021	Class A common stock	10.8K		See footnote	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents a grant of 3,616 restricted stock units ("RSUs") on May 27, 2020 to each of Ken Brotman, Gino Dellomo and Adam Kriger, each of whom serves on the Issuer's board of directors as the Reporting Person's representative. Each RSU represents a contingent right to receive one share of Class A common stock. The RSUs vested in full on May 27, 2021.
F2	Each of Messrs. Brotman, Dellomo and Kriger has an agreement with the Reporting Person pursuant to which he holds the reported securities for the benefit of the Reporting Person. Accordingly, each of Messrs. Brotman, Dellomo and Kriger 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 Securities Exchange Act of 1934, as amended (the "Exchange Act"), or any other purpose. The grant of such securities is exempt from Schedule 16(b) pursuant to Rule 16b-3 under the Exchange Act.
F3	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.
F4	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. Pursuant to Rule 16a-1(a)(4) under the Exchange Act, the Reporting Person disclaims beneficial ownership of these securities except to the extent of its respective pecuniary interest therein, if any, and the inclusion of these shares in their 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.