TCG Capital Management, LP - 12 Jun 2025 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
12 Jun 2025
Net transactions value
$0
Form type
4
Filing time
16 Jun 2025, 06:05:46 UTC
Previous filing
06 Jun 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
TCG Capital Management, LP Director, 10%+ Owner 12180 MILLENNIUM DRIVE,, SUITE 500, PLAYA VISTA /s/ Lauren Goldberg, General Counsel of General Partner 16 Jun 2025 0001930483

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 +34,838 $0.000000 34,838 12 Jun 2025 Class A Common Stock 34,838 See footnote F1, F2
transaction FNKO Option to Purchase Class A Common Stock Award $0 +52,000 $0.000000 52,000 12 Jun 2025 Class A Common Stock 52,000 $5.20 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 17,419 RSUs granted to Jesse Jacobs on June 12, 2025 will vest on June 12, 2026, subject to Mr. Jacobs' continued service with the Issuer through the vesting date. The 17,419 RSUs granted to Mike Kerns on June 12, 2025 will vest on June 12, 2026, 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 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. The 26,000 options granted to Mr. Jacobs on June 12, 2025 will vest and become exercisable on June 12, 2026, subject to Mr. Jacobs' continued service with the Issuer through the vesting date. The 26,000 options granted to Mr. Kerns on June 12, 2025 will vest and become exercisable on June 12, 2026, 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.