TCG Capital Management, LP - 13 Jun 2023 Form 4 Insider Report for Funko, Inc. (FNKO)

Role
Director, 10%+ Owner
Signature
/s/ Lauren Goldberg, General Counsel of General Partner
Issuer symbol
FNKO
Transactions as of
13 Jun 2023
Net transactions value
$0
Form type
4
Filing time
15 Jun 2023, 18:57:03 UTC
Previous filing
26 May 2023
Next filing
20 Nov 2023
SEC
View on sec.gov

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 +4,688 $0.000000 4,688 13 Jun 2023 Class A Common Stock 4,688 See footnote F1, F2
transaction FNKO Option to Purchase Class A Common Stock Award $0 +11,700 $0.000000 11,700 13 Jun 2023 Class A Common Stock 11,700 $13.05 See footnote 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 granted to Jesse Jacobs on June 13, 2023 will vest on June 13, 2024, subject to Mr. Jacobs' continued service with the Issuer through the vesting date.
F2 The RSUs reported on this row were granted to Jesse Jacobs as compensation for his service on the Issuer's board of directors and are held by Mr. Jacobs for the benefit of the reporting person.
F3 The options reported on this row were granted to Jesse Jacobs as compensation for his service on the Issuer's board of directors and are held by Mr. Jacobs for the benefit of the reporting person. The options granted to Mr. Jacobs on June 13, 2023 will vest and become exercisable on June 13, 2024, subject to Mr. Jacobs' continued service with the Issuer through the vesting date.

Remarks:

TCG 3.0 Fuji, LP, which is an affiliate of the reporting person managed by the reporting person, is party to a Stockholders Agreement with the Issuer which gives the reporting person and its affiliates the right to nominate up to two directors to the Issuer's board of directors, subject to certain ownership thresholds. Jesse Jacobs serves on the Issuer's board of directors pursuant to this right. Mr. Jacobs is Managing Partner of the reporting person. Accordingly, Mr. Jacobs may be determined to represent the interests of the reporting person on the Board of Directors of the Issuer, and accordingly, the reporting person may be deemed to be directors for purposes of Section of the Securities Exchange Act of 1934, as amended.