Funko (NASDAQ: FNKO) director converts 17,419 RSUs into Class A Common Stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Funko, Inc. director Trevor A. Edwards exercised restricted stock units, converting 17,419 RSUs into an equal number of shares of Class A Common Stock. The RSUs vested in full on June 12, 2026, and carried a $0.00 exercise price.
After this transaction, Edwards directly holds 33,653 shares of Class A Common Stock. No shares were sold or disposed of in connection with this Form 4, so the filing reflects a compensation-related share delivery rather than an open-market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
17,419 shares exercised/converted
Mixed
2 txns
Insider
EDWARDS TREVOR A
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 17,419 | $0.00 | -- |
| Exercise | CLASS A COMMON STOCK | 17,419 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
CLASS A COMMON STOCK — 33,653 shares (Direct, null)
Footnotes (1)
- Restricted stock units ("RSUs") converted into Class A Common Stock on a one-for-one basis. 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 RSUs have fully vested on June 12, 2026, subject to the Reporting Person's continued service with the Issuer through the vesting date.
Key Figures
RSUs converted: 17,419 shares
Shares held after: 33,653 shares
Exercise price: $0.00 per RSU
+1 more
4 metrics
RSUs converted
17,419 shares
Restricted stock units converted to Class A Common Stock
Shares held after
33,653 shares
Direct Class A Common Stock holdings after June 12, 2026
Exercise price
$0.00 per RSU
Conversion of RSUs into Class A Common Stock
Vesting date
June 12, 2026
RSUs fully vested subject to continued service
Key Terms
Restricted stock units, Class A Common Stock, derivative security, contingent right
4 terms
Restricted stock units financial
"Restricted stock units ("RSUs") converted into Class A Common Stock on a one-for-one basis."
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
"RSUs converted into Class A Common Stock on a one-for-one basis."
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.
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
contingent right financial
"Each RSU represents a contingent right to receive one share of Class A Common Stock"
FAQ
What insider transaction did Funko (FNKO) report for Trevor A. Edwards?
Funko reported that director Trevor A. Edwards exercised 17,419 restricted stock units, converting them into an equal number of Class A Common Stock shares. This was a compensation-related share delivery rather than an open-market purchase or sale.
What are the terms of Trevor A. Edwards’ Funko (FNKO) restricted stock units?
Each RSU represented a contingent right to receive one share of Funko Class A Common Stock or, at the issuer’s election, an equivalent cash payment. The RSUs fully vested on June 12, 2026, subject to Edwards’ continued service with the company.
What does the M transaction code mean in Trevor A. Edwards’ Funko (FNKO) Form 4?
The M code indicates an exercise or conversion of a derivative security. In this case, it reflects the conversion of 17,419 restricted stock units into Class A Common Stock, rather than a traditional open-market stock purchase or sale by the director.