Funko (NASDAQ: FNKO) awards 123,750 RSUs to product chief
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Shah Husnal reported acquisition or exercise transactions in this Form 4 filing.
Funko, Inc. reported that Chief Product Officer Husnal Shah received a grant of 123,750 restricted stock units. Each RSU represents a right to receive one share of Class A common stock or an equivalent cash payment. The RSUs vest in four equal installments on each of the first through fourth anniversaries of March 17, 2026, as long as Shah remains employed with Funko through each vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Shah Husnal
Role
Chief Product Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 123,750 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 123,750 shares (Direct)
Footnotes (1)
- 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 RSUs vest in four equal installments on each of the first through fourth anniversaries of March 17, 2026, subject to the Reporting Person's continued employment with the Issuer through each applicable vesting date.
FAQ
What equity award did Funko (FNKO) grant to Husnal Shah?
Funko granted Chief Product Officer Husnal Shah 123,750 restricted stock units (RSUs). Each RSU is a contingent right to receive one share of Class A common stock or an equivalent cash payment, providing stock-based compensation tied to his continued service.
How do Husnal Shah’s new Funko (FNKO) RSUs vest over time?
The 123,750 RSUs vest in four equal installments on the first through fourth anniversaries of March 17, 2026. Vesting is conditioned on Shah’s continued employment with Funko through each applicable vesting date, aligning his incentives with longer-term company performance.
Are Husnal Shah’s Funko (FNKO) RSUs an open-market stock purchase?
No, the RSUs are a compensation grant, not an open-market purchase. They were awarded at no cash cost to Shah and represent a right to receive Class A common stock or cash in the future, subject to the specified vesting conditions being met.
What does each Funko (FNKO) restricted stock unit granted to Husnal Shah represent?
Each RSU represents a contingent right to receive one share of Funko’s Class A common stock or, at the company’s election, an equivalent cash payment. Actual receipt depends on the RSUs vesting and the company’s chosen settlement method at that time.