Were Husnal Shah’s Funko (FNKO) share sales discretionary or pre-planned?

The sales were pre-planned. The filing states that shares were sold to cover taxes upon RSU vesting pursuant to a Rule 10b5-1 sell-to-cover instruction dated June 8, 2023, indicating a pre-arranged trading plan rather than discretionary timing.

Funko (FNKO) executive sells shares after RSU vesting to cover taxes

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Funko, Inc. Chief Product Officer Husnal Shah reported a combination of RSU vesting and related share sales. On March 6 and March 8, he converted a total of 3,094 restricted stock units into the same number of Class A common shares at a conversion price of $0.00 per share.

On March 9, Shah sold 1,347 Class A shares in open-market transactions at weighted average prices around $4.32 and $4.44 per share. According to the disclosure, these shares were sold to cover taxes due upon RSU vesting under a pre-arranged Rule 10b5-1 sell-to-cover instruction dated June 8, 2023, and he continues to hold a meaningful equity stake in Funko.

Insider Trade Summary

Net Seller: 1,347 shares ($5,855)

Net Sell 6 txns

Insider Shah Husnal

Role Chief Product Officer

Sold 1,347 shs ($6K)

Type	Security	Shares	Price	Value
Sale	CLASS A COMMON STOCK	1,019	$4.3165	$4K
Sale	CLASS A COMMON STOCK	328	$4.44	$1K
Exercise	Restricted Stock Units	750	$0.00	--
Exercise	CLASS A COMMON STOCK	750	$0.00	--
Exercise	Restricted Stock Units	2,344	$0.00	--
Exercise	CLASS A COMMON STOCK	2,344	$0.00	--

Holdings After Transaction: CLASS A COMMON STOCK — 8,528 shares (Direct); Restricted Stock Units — 0 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. Shares were sold to cover taxes upon the vesting of restricted stock units pursuant to a Rule 10b5-1 sell to cover instruction dated June 8, 2023. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.30 to $4.37, 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. On March 6, 2023, the Reporting Person was granted 9,375 RSUs, vesting in four equal annual 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. On March 8, 2022, the Reporting Person was granted 2,997 RSUs, vesting in four equal annual 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.

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Form 4 Insider Transactions: What Each Field Means →

03/10/2026 - 06:27 PM

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a 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). See Instruction 10.

1. Name and Address of Reporting Person^*

Shah Husnal

(Last)

(First)

(Middle)

C/O FUNKO, INC.

2802 WETMORE AVENUE

(Street)

EVERETT

98201

(City)

(State)

(Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
03/06/2026

4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
CLASS A COMMON STOCK	03/06/2026		M		2,344	A	$0⁽¹⁾	9,547	D
CLASS A COMMON STOCK	03/09/2026		S		1,019⁽²⁾	D	$4.3165⁽³⁾	8,528	D
CLASS A COMMON STOCK	03/08/2026		M		750	A	$0⁽¹⁾	9,278	D
CLASS A COMMON STOCK	03/09/2026		S		328⁽²⁾	D	$4.44	8,950	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽¹⁾	03/06/2026		M			2,344	⁽⁴⁾	⁽⁴⁾	CLASS A COMMON STOCK	2,344	$0	2,344	D
Restricted Stock Units	⁽¹⁾	03/08/2026		M			750	⁽⁵⁾	⁽⁵⁾	CLASS A COMMON STOCK	750	$0	0	D

Explanation of Responses:

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.

2. Shares were sold to cover taxes upon the vesting of restricted stock units pursuant to a Rule 10b5-1 sell to cover instruction dated June 8, 2023.

3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.30 to $4.37, 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.

4. On March 6, 2023, the Reporting Person was granted 9,375 RSUs, vesting in four equal annual 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.

5. On March 8, 2022, the Reporting Person was granted 2,997 RSUs, vesting in four equal annual 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.

Remarks:

	/s/ Tracy Daw, as Attorney-in-Fact for Husnal Shah	03/10/2026
	** 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 4 (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.

Source: View Original Filing on SEC EDGAR

FAQ

What did Funko (FNKO) executive Husnal Shah report in this Form 4 filing?

Husnal Shah reported RSU vesting and related share sales. He converted 3,094 restricted stock units into Class A common shares, then sold 1,347 shares to cover tax obligations under a pre-arranged Rule 10b5-1 sell-to-cover instruction.

How many Funko (FNKO) shares did Husnal Shah sell, and at what prices?

He sold 1,347 shares of Funko Class A common stock. The reported weighted average sale prices were about $4.32 and $4.44 per share, with one transaction executed in multiple trades between $4.30 and $4.37, as disclosed.

What RSU activity did Husnal Shah report for Funko (FNKO)?

He reported exercises of restricted stock units that converted into 3,094 shares of Class A common stock at a $0.00 conversion price. These RSUs stem from prior grants dated March 6, 2023, and March 8, 2022, which vest in four equal annual installments.

Does Husnal Shah still hold Funko (FNKO) shares after these transactions?

Yes. After converting RSUs into common stock and selling a portion to cover taxes, the filing shows that Husnal Shah continues to hold thousands of Funko Class A shares directly, maintaining an ongoing equity interest in the company.

How significant are Husnal Shah’s Funko (FNKO) transactions for investors?

These transactions appear routine and tax-related. They reflect RSU vesting and a relatively small sale to pay associated taxes under a Rule 10b5-1 plan, rather than a large discretionary change in Husnal Shah’s ownership position in Funko.