TCG Capital Management, LP - Jun 4, 2024 Form 4 Insider Report for Funko, Inc. (FNKO)

Role
Director, 10%+ Owner
Signature
/s/ Lauren Goldberg, General Counsel of General Partner
Stock symbol
FNKO
Transactions as of
Jun 4, 2024
Transactions value $
$0
Form type
4
Date filed
6/7/2024, 12:02 PM
Previous filing
Nov 20, 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 +20.4K $0.00 20.4K Jun 4, 2024 Class A Common Stock 20.4K See footnote F1, F2
transaction FNKO Option to Purchase Class A Common Stock Award $0 +51K $0.00 51K Jun 4, 2024 Class A Common Stock 51K $9.43 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 10,204 RSUs granted to Jesse Jacobs on June 4, 2024 will vest on June 4, 2025, subject to Mr. Jacobs' continued service with the Issuer through the vesting date. The 10,204 RSUs granted to Mike Kerns on June 4, 2024 will vest on June 4, 2025, subject to Mr. Kerns' continued service with the Issuer through the vesting date.
F2 The RSUs reported on this row were granted to Jesse Jacobs and Mike Kerns as compensation for their service on the Issuer's board of directors and are held by Mr. Jacobs and Mr. Kerns for the benefit of the reporting person.
F3 The options reported on this row were granted to Jesse Jacobs and Mike Kerns as compensation for his service on the Issuer's board of directors and are held by Mr. Jacobs and Mr. Kerns for the benefit of the reporting person. The 25,500 options granted to Mr. Jacobs on June 4, 2024 will vest and become exercisable on June 4, 2025, subject to Mr. Jacobs' continued service with the Issuer through the vesting date. The 25,500 options granted to Mr. Kerns on June 4, 2024 will vest and become exercisable on June 4, 2025, subject to Mr. Kerns' 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 and Mike Kerns serve on the Issuer's board of directors pursuant to this right. Mr. Jacobs is Managing Partner of the reporting person, and Mr. Kerns is a Co-founder and Partner of the reporting person. Accordingly, each of Mr. Jacobs and Mr. Kerns 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.