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FNKO Insider Report: 2,950 RSUs Vest, 795 Sold for Taxes at $2.59

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Yves Le Pendeven, Chief Financial Officer of Funko, Inc. (FNKO), reported the vesting of 2,950 restricted stock units (RSUs) that convert into Class A common shares. To satisfy tax withholding on the vesting, 795 shares were sold under a Rule 10b5-1 "sell to cover" instruction at a weighted-average price of $2.5911 (sales ranged $2.54–$2.63).

After these transactions the reporting person directly holds 43,500 shares and retains economic exposure to 8,850 RSUs/derivative units. The original RSU grant totaled 11,800 units, scheduled to vest in four equal annual installments beginning August 8, 2024, subject to continued employment.

Positive

  • None.

Negative

  • None.

Insights

TL;DR: Routine RSU vesting with a small sell-to-cover; negligible immediate impact on overall ownership or control.

The report shows 2,950 RSUs vesting and a secondary sale of 795 shares to cover taxes at a weighted-average price of $2.5911. Direct holdings after the transactions are listed as 43,500 shares, with 8,850 RSU equivalents outstanding. For investors, this represents compensation-related activity rather than a strategic disposition; the scale of the sale is small relative to typical institutional positions and does not indicate a change in operational outlook based on the filing alone.

TL;DR: Use of a pre-established 10b5-1 sell-to-cover instruction and standard vesting schedule indicates compliance and routine insider compensation management.

The filing documents an RSU vest and a tax-withholding sale executed pursuant to a Rule 10b5-1 plan dated June 14, 2023. The original grant of 11,800 RSUs vests over four annual installments, which aligns with standard executive compensation practices. The transaction is procedural and properly disclosed; it raises no governance red flags based on the information provided.

Insider Le Pendeven Yves
Role CFO
Sold 795 shs ($2K)
Type Security Shares Price Value
Sale CLASS A COMMON STOCK 795 $2.5911 $2K
Exercise Restricted Stock Units 2,950 $0.00 --
Exercise CLASS A COMMON STOCK 2,950 $0.00 --
Holdings After Transaction: CLASS A COMMON STOCK — 43,500 shares (Direct); Restricted Stock Units — 8,850 shares (Direct)
Footnotes (1)
  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 14, 2023. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.54 to $2.63, 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. The original grant of 11,800 RSUs has vested or will vest in four equal installments on each of the first through fourth anniversaries of August 8, 2024, subject to the Reporting Person's continued employment with the Issuer through each applicable vesting date.
Form 4 Insider Transactions: What Each Field Means →
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*
Le Pendeven Yves
(Last) (First) (Middle)
C/O FUNKO, INC.
2802 WETMORE AVENUE
(Street)
EVERETT WA 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)
CFO
3. Date of Earliest Transaction (Month/Day/Year)
08/08/2025
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)
Code V Amount (A) or (D) Price
CLASS A COMMON STOCK 08/08/2025 M 2,950 A (1) 44,295 D
CLASS A COMMON STOCK 08/11/2025 S 795(2) D $2.5911(3) 43,500 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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (1) 08/08/2025 M 2,950 (4) (4) CLASS A COMMON STOCK 2,950 $0 8,850 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 14, 2023.
3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.54 to $2.63, 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. The original grant of 11,800 RSUs has vested or will vest in four equal installments on each of the first through fourth anniversaries of August 8, 2024, subject to the Reporting Person's continued employment with the Issuer through each applicable vesting date.
Remarks:
/s/ Tracy D. Daw as Attorney-in-Fact for Yves Le Pendeven 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 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 transactions did Yves Le Pendeven report on Form 4 for FNKO?

The filing reports the vesting of 2,950 RSUs and a sale of 795 shares to cover taxes executed under a Rule 10b5-1 plan.

How many shares does Yves Le Pendeven own after the reported transactions?

Following the transactions the reporting person directly holds 43,500 shares and has beneficial exposure to 8,850 RSU/derivative units.

At what price were the shares sold to cover taxes?

The shares were sold at prices ranging from $2.54 to $2.63, with a reported weighted-average sale price of $2.5911.

What was the size and vesting schedule of the RSU grant referenced in the filing?

The original grant was 11,800 RSUs, scheduled to vest in four equal annual installments beginning on August 8, 2024, subject to continued employment.

Was the sale executed under a 10b5-1 plan?

Yes. The filing states the shares were sold pursuant to a Rule 10b5-1 "sell to cover" instruction dated June 14, 2023.