Yves le Pendeven - 15 Sep 2024 Form 4 Insider Report for Funko, Inc. (FNKO)

Role
CFO
Signature
/s/ Tracy D. Daw as Attorney-in-Fact for Yves Le Pendeven
Issuer symbol
FNKO
Transactions as of
15 Sep 2024
Net transactions value
-$15,852
Form type
4
Filing time
17 Sep 2024, 18:45:25 UTC
Previous filing
09 Aug 2024
Next filing
10 Mar 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FNKO CLASS A COMMON STOCK Options Exercise $0 +5,000 +17% $0.000000 33,848 15 Sep 2024 Direct F1
transaction FNKO CLASS A COMMON STOCK Sale $15,852 -1,344 -4% $11.79 32,504 16 Sep 2024 Direct F2, F3

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 -5,000 -100% $0.000000 0 15 Sep 2024 CLASS A COMMON STOCK 5,000 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

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.
F2 Shares were sold to cover taxes upon the vesting of restricted stock units on September 15, 2024 pursuant to a Rule 10b5-1 sell to cover instruction date June 14 2023.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.70 to $11.99, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
F4 On March 15, 2024, the Reporting Person was granted 5,000 RSUs, vesting in full on the six month anniversary of the grant date, subject to the Reporting Person's continued service with the Issuer through the vesting date.