[Form 3] Funko, Inc. Initial Statement of Beneficial Ownership

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

Corporate Governance Expert

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.

Compensation and Equity Analyst

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.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Shah Husnal

(Last) (First) (Middle)

C/O FUNKO, INC.

2802 WETMORE AVE

(Street)

EVERETT WA 98201

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
07/31/2025

3. Issuer Name and Ticker or Trading Symbol
Funko, Inc. [ FNKO ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Product Officer

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Common Stock	6,778	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (right to buy)	(1)	12/01/2031	Class A Common Stock	8,100	$15.68	D
Restricted Stock Units	(2)	(2)	Class A Common Stock	688	(2)	D
Stock Option (right to buy)	(3)	03/08/2032	Class A Common Stock	7,500	$17.09	D
Restricted Stock Units	(4)	(4)	Class A Common Stock	750	(4)	D
Stock Option (right to buy)	(5)	03/06/2033	Class A Common Stock	23,400	$9.77	D
Restricted Stock Units	(6)	(6)	Class A Common Stock	4,688	(6)	D
Stock Option (right to buy)	(7)	03/13/2034	Class A Common Stock	83,900	$6.37	D
Restricted Stock Units	(8)	(8)	Class A Common Stock	25,200	(8)	D
Stock Option (right to buy)	(9)	03/12/2035	Class A Common Stock	16,300	$7.38	D
Restricted Stock Units	(10)	(10)	Class A Common Stock	21,705	(10)	D

Explanation of Responses:

1. 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.

2. 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.

3. 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.

4. 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.

5. 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.

6. 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.

7. 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.

8. 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.

9. 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.

10. 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.

Remarks:

Exhibit List - Exhibit 24 - Power of Attorney

	/s/ Tracy Daw, as Attorney-in-Fact for Husnal Shah	08/12/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Funko (FNKO) Form 3 filed by Shah Husnal report?

The Form 3 reports that Chief Product Officer Shah Husnal directly owns 6,778 Class A shares and has direct derivative rights to acquire 139,200 shares via stock options and 53,031 RSUs.

How many Class A shares does Shah Husnal directly own according to the filing?

The filing shows direct beneficial ownership of 6,778 Class A common shares.

What derivative securities are disclosed for Shah Husnal on the FNKO Form 3?

The Form 3 discloses stock options to acquire a total of 139,200 shares (various grants) and 53,031 restricted stock units (RSUs), all reported as direct ownership.

What exercise prices are shown for the stock options in the filing?

Exercise prices disclosed in the filing include $15.68, $17.09, $9.77, $6.37 and $7.38 for the listed option grants.

Are the holdings reported as direct or indirect beneficial ownership?

All reported holdings in the Form 3 (Class A shares, options, and RSUs) are listed as Direct (D) beneficial ownership.

What vesting terms does the Form 3 describe for the options and RSUs?

Vesting is service-based: options generally vest 25% on the first anniversary and the remainder in equal monthly installments over 36 months; RSU grants vest in four equal annual installments, as specified in the filing.