Funko CEO gets 333,333 shares from RSU vesting
Funko CEO Josh Simon had 333,333 RSUs settle into Class A Common Stock under previously granted time- and performance-based awards.
Rhea-AI Filing Summary
Funko, Inc. (FNKO) reported that Chief Executive Officer and director Josh Simon had restricted stock units settle into shares of Class A Common Stock on September 1, 2026. A total of 333,333 RSUs were exercised or converted into 333,333 shares of Class A Common Stock at a stated price of $0.00 per share. These shares relate to two RSU grants: an original 1,000,000 RSU award vesting in four equal annual installments beginning September 1, 2025, and an original 750,000 RSU award that vests one-third in three annual installments from September 1, 2025 and two-thirds based on achieving stock price hurdles of $8.00 and $20.00 per share or upon a qualifying change in control, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
333,333 shares exercised/converted
Exercise
4 txns
Insider
Simon Josh
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F2 | 250,000 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F1, F3, F4 | 83,333 | $0.00 | $0.00 |
| Exercise | CLASS A COMMON STOCK | 250,000 | $0.00 | $0.00 |
| Exercise | CLASS A COMMON STOCK | 83,333 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 666,667 contracts (Direct);
CLASS A COMMON STOCK — 333,333 shares (Direct)
Footnotes (4)
- 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. The original grant of 1,000,000 RSUs has vested or will vest in four equal installments on each of the first through fourth anniversaries of September 1, 2025, subject to the Reporting Person's continued employment with the Issuer through each applicable vesting date, provided that the RSUs vest in full upon a change in control).
- F3. The original grant of 750,000 RSUs has vested or will vest on the following terms: (A) 1/3 of the RSUs vest in three equal annual installments on each of the first three anniversaries of September 1, 2025, (B) 1/3 of the RSUs vest based on the achievement of a stock price hurdle equal to or greater than $8.00 per share based on (I) the average of the Companys closing share price over a 45 trading day trailing average or (II) the price received by holders of Class A common stock in connection with a change in control for each share of Class A common stock held on the date of such change in control, and (C) the remaining 1/3 of the RSUs vest based on the achievement of a stock price hurdle equal to or greater than $20.00 per share based on (I) the average of the Companys closing share price over a 45 trading day trailing average or (II) the price received by holders of Class A common stock in connection with a change in control for each share of Class A common stock held on the
- F4. (continued from Footnote 3) date of such change in control, which stock price hurdles must be achieved prior to the seventh anniversary of September 1, 2025, and in each case subject to Reporting Person's continued service through the applicable vesting dates.
Key Figures
RSUs exercised or converted: 333,333 units
Shares of Class A Common Stock issued: 333,333 shares
Stated transaction price: $0.00 per share
+5 more
8 metrics
RSUs exercised or converted
333,333 units
Total RSUs settled for Josh Simon on September 1, 2026
Shares of Class A Common Stock issued
333,333 shares
Shares received upon RSU settlement on September 1, 2026
Stated transaction price
$0.00 per share
Price reported for RSU settlement into Class A Common Stock
Time-based RSU grant size
1,000,000 RSUs
Original grant vesting in four equal annual installments from September 1, 2025
Performance-based RSU grant size
750,000 RSUs
Original grant with time- and stock-price-based vesting conditions
Stock price hurdle level 1
$8.00 per share
First stock price hurdle for a portion of the 750,000 RSUs
Stock price hurdle level 2
$20.00 per share
Second stock price hurdle for a portion of the 750,000 RSUs
Performance vesting deadline
Seventh anniversary of September 1, 2025
Deadline to achieve stock price hurdles for performance-based RSUs
Key Terms
Restricted Stock Units, Class A Common Stock, stock price hurdle, change in control, +1 more
5 terms
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents a contingent right"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Class A Common Stock financial
"one share of Class A Common Stock or, at the election of the Issuer"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
stock price hurdle financial
"vest based on the achievement of a stock price hurdle equal to or greater"
change in control financial
"RSUs vest in full upon a change in control"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
trading day trailing average financial
"based on (I) the average of the Companys closing share price over a 45 trading day trailing average"
FAQ
What insider equity transaction did Funko (FNKO) report for CEO Josh Simon?
Funko reported that CEO Josh Simon had 333,333 restricted stock units settle into 333,333 shares of Class A Common Stock on September 1, 2026 at a stated price of $0.00 per share, reflecting vesting of previously granted RSU awards.
How many RSUs from Funko (FNKO) awards vested or converted on September 1, 2026?
On September 1, 2026, a total of 333,333 RSUs held by CEO Josh Simon were exercised or converted, resulting in the issuance of 333,333 shares of Funko Class A Common Stock.
What are the vesting terms of the 1,000,000 RSU grant at Funko (FNKO)?
The original 1,000,000 RSU grant vests in four equal installments on each of the first through fourth anniversaries of September 1, 2025, subject to Josh Simon’s continued employment, and vests in full upon a change in control.
What are the performance conditions for the 750,000 RSU grant at Funko (FNKO)?
The 750,000 RSU grant vests one-third in three equal annual installments from September 1, 2025, and the remaining two-thirds vest upon achieving stock price hurdles of $8.00 and $20.00 per share before the seventh anniversary of September 1, 2025, subject to continued service.
Was a Rule 10b5-1 trading plan involved in the Funko (FNKO) Form 4 transactions?
No. The filing indicates that the Rule 10b5-1 checkbox is not marked, so the reported RSU exercises and share issuances were not affirmed as being conducted under a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
