Jesse Jacobs - May 24, 2022 Form 4/A - Amendment Insider Report for Funko, Inc. (FNKO)

Role
Director
Signature
/s/ Jesse Jacobs
Stock symbol
FNKO
Transactions as of
May 24, 2022
Transactions value $
$0
Form type
4/A - Amendment
Date filed
5/23/2023, 09:26 PM
Date Of Original Report
May 26, 2022
Previous filing
May 23, 2022
Next filing
May 23, 2023

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 Award $0 +2.08K $0.00 2.08K May 24, 2022 Class A Common Stock 2.08K Direct F1, F2
transaction FNKO Option to Purchase Class A Common Stock Award $0 +5.2K $0.00 5.2K May 24, 2022 Class A Common Stock 5.2K $17.99 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive one share of Class A Common Stock or, at the election of the Issuer, an equivalent cash payment. The RSUs vest on May 24, 2023, subject to the reporting person's continued service with the Issuer through the vesting date.
F2 The reporting person was granted 2,080 restricted stock units and 5,200 options to purchase Class A Common Stock as compensation for his service on the Issuer's board of directors and are held by the reporting person for the benefit of TCG Capital Management, LP ("TCG"). Pursuant to a Stockholders Agreement with the Issuer, TCG and its affiliates have the right to nominate up to two directors to the Issuer's board of directors, subject to certain ownership thresholds. The reporting person serves on the Issuer's board of directors pursuant to this right. The reporting person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein and this report shall not be deemed an admission that he is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
F3 The option will vest and become exercisable on May 24, 2023, subject to the reporting person's continued service with the Issuer through the vesting date. Pursuant to a contractual agreement between the reporting person and TCG, any shares of Class A Common Stock issued to the reporting person upon exercise of the options will be immediately transferred to TCG in a transaction exempt from Section 16 pursuant to Rule 16a-13 thereunder.

Remarks:

This Amendment is being filed to clarify the nature of the ownership of the securities between the reporting person and TCG..