FNKO CPO reports 6,778 shares, 139,200 options and 53,031 RSUs
Rhea-AI Filing Summary
Funko, Inc. Chief Product Officer Shah Husnal reported direct ownership of 6,778 Class A common shares and direct derivative rights to acquire 139,200 shares through stock options and 53,031 restricted stock units. Option exercise prices disclosed range from $6.37 to $17.09. Vesting schedules in the filing are service-based with initial 25% vesting followed by monthly or annual installments as specified.
Positive
- Direct beneficial ownership of 6,778 Class A common shares is disclosed.
- Substantial derivative holdings reported: rights to acquire 139,200 shares via stock options and 53,031 RSUs, all held directly.
- Option exercise prices disclosed (range $6.37 to $17.09), providing transparency on potential future exercises.
Negative
- None.
Insights
TL;DR Routine disclosure: officer equity holdings and multiple option/RSU grants, no change in control or material transaction.
The Form 3 documents Shah Husnal's direct beneficial ownership position as Chief Product Officer, showing 6,778 Class A shares and direct derivative rights for 139,200 option shares and 53,031 RSUs. Exercise prices in the filing range from $6.37 to $17.09. The filing describes standard service-based vesting (25% first anniversary then installments). This is a routine officer disclosure that does not indicate any governance or control events.
TL;DR Equity compensation heavily weighted to options and RSUs with typical vesting; disclosure signals alignment but is not material by itself.
The reported package combines direct share ownership with large unexercised option pools (139,200 underlying shares) and outstanding RSUs (53,031). Multiple option grants list exercise prices of $15.68, $17.09, $9.77, $6.37 and $7.38, and RSUs are structured as one-for-one contingent rights to Class A shares or cash. Vesting provisions are service-based and described in the form. From a compensation perspective this is a standard equity alignment structure and does not by itself alter the company valuation or control profile.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (10)
- F1. The option vested and became exercisable with respect to 25% of the shares subject thereto on the first anniversary of December 1, 2021 and the remaining 75% of the option has vested or will vest in thirty-six equal monthly installments thereafter, subject to the Reporting Person's continued employment with the Issuer through each applicable vesting date.
- F2. Each 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 original grant of 2,751 RSUs has vested or will vest in four equal installments on each of the first through fourth anniversaries of December 1, 2021, subject to the Reporting Person's continued employment with the Issuer through each applicable vesting date.
- F3. The option vested and became exercisable with respect to 25% of the shares subject thereto on the first anniversary of March 8, 2022 and the remaining 75% of the option has vested or will vest in thirty-six equal monthly installments thereafter, subject to the Reporting Person's continued employment with the Issuer through each applicable vesting date.
- F4. Each 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 original grant of 2,997 RSUs has vested or will vest in four equal installments on each of the first through fourth anniversaries of March 8, 2022, subject to the Reporting Person's continued employment with the Issuer through each applicable vesting date.
- F5. The option vested and became exercisable with respect to 25% of the shares subject thereto on the first anniversary of March 6, 2023 and the remaining 75% of the option has vested or will vest in thirty-six equal monthly installments thereafter, subject to the Reporting Person's continued employment with the Issuer through each applicable vesting date.
- F6. Each 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 original grant of 9,375 RSUs has vested or will vest in four equal installments on each of the first through fourth anniversaries of March 6, 2023, subject to the Reporting Person's continued employment with the Issuer through each applicable vesting date.
- F7. The option vested and became exercisable with respect to 25% of the shares subject thereto on the first anniversary of March 13, 2024 and the remaining 75% of the option has vested or will vest in thirty-six equal monthly installments thereafter, subject to the Reporting Person's continued employment with the Issuer through each applicable vesting date.
- F8. Each 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 original grant of 33,600 RSUs has vested or will vest in four equal installments on each of the first through fourth anniversaries of March 13, 2024, subject to the Reporting Person's continued employment with the Issuer through each applicable vesting date.
- F9. The option will vest and become exercisable with respect to 25% of the shares subject thereto on the first anniversary of March 12, 2025 and the remaining 75% of the option will vest in thirty-six equal monthly installments thereafter, subject to the Reporting Person's continued employment with the Issuer through each applicable vesting date.
- F10. Each 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 original grant of 21,705 RSUs will vest in four equal installments on each of the first through fourth anniversaries of March 12, 2025, subject to the Reporting Person's continued employment with the Issuer through each applicable vesting date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
