Funko (NASDAQ: FNKO) board awards options and RSUs tied to TCG Capital
Rhea-AI Filing Summary
Funko, Inc. reported that TCG Capital Management, LP, a director and more than ten percent owner, was granted equity-based compensation linked to Class A Common Stock. The grants were made to directors Jesse Jacobs and Mike Kerns for their board service but are held for the benefit of TCG Capital Management.
The filing shows 42,910 options to purchase Class A Common Stock at an exercise price of $5.22 per share, expiring on June 3, 2036, and 28,736 restricted stock units (RSUs), each representing a right to one share or equivalent cash. For each director, 21,445 options and 14,368 RSUs were granted on June 3, 2026, vesting on June 3, 2027, subject to continued service on the board.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
TCG Capital Management, LP
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 28,736 | $0.00 | $0.00 |
| Grant/Award | Option to Purchase Class A Common Stock | 42,910 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 28,736 shares (Indirect, See footnote);
Option to Purchase Class A Common Stock — 42,910 shares (Indirect, See footnote)
Footnotes (3)
- 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. The 14,368 RSUs granted to Jesse Jacobs on June 3, 2026 will vest on June 3, 2027, subject to Mr. Jacobs' continued service with the Issuer through the vesting date. The 14,368 RSUs granted to Mike Kerns on June 3, 2026 will vest on June 3, 2027, subject to Mr. Kerns' continued service with the Issuer through the vesting date.
- F2. The RSUs reported on this row were granted to Jesse Jacobs and Mike Kerns as compensation for their service on the Issuer's board of directors and are held by Mr. Jacobs and Mr. Kerns for the benefit of the reporting person.
- F3. The options reported on this row were granted to Jesse Jacobs and Mike Kerns as compensation for their service on the Issuer's board of directors and are held by Mr. Jacobs and Mr. Kerns for the benefit of the reporting person. The 21,445 options granted to Mr. Jacobs on June 3, 2026 will vest and become exercisable on June 3, 2027, subject to Mr. Jacobs' continued service with the Issuer through the vesting date. The 21,445 options granted to Mr. Kerns on June 3, 2026 will vest and become exercisable on June 3, 2027, subject to Mr. Kerns' continued service with the Issuer through the vesting date.
Key Figures
Options granted: 42,910 options
Option exercise price: $5.22 per share
Option expiration: June 3, 2036
+4 more
7 metrics
Options granted
42,910 options
Option to Purchase Class A Common Stock granted June 3, 2026
Option exercise price
$5.22 per share
Exercise price for options expiring June 3, 2036
Option expiration
June 3, 2036
Expiration date for granted options
RSUs granted
28,736 RSUs
Restricted Stock Units linked to Class A Common Stock
Per-director options
21,445 options
Granted to each of Jesse Jacobs and Mike Kerns
Per-director RSUs
14,368 RSUs
Granted to each of Jesse Jacobs and Mike Kerns
Vesting date
June 3, 2027
Vesting for both options and RSUs, subject to continued service
Key Terms
Restricted Stock Units, contingent right, Class A Common Stock, vest and become exercisable, +1 more
5 terms
Restricted Stock Units financial
"The RSUs reported on this row were granted to Jesse Jacobs and Mike Kerns as compensation"
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.
contingent right financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share"
Class A Common Stock financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share of Class A Common Stock"
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.
vest and become exercisable financial
"The 21,445 options granted to Mr. Jacobs on June 3, 2026 will vest and become exercisable"
board of directors financial
"granted to Jesse Jacobs and Mike Kerns as compensation for their service on the Issuer's board of directors"
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider equity grants did TCG Capital Management report for Funko (FNKO)?
TCG Capital Management reported grants of options and RSUs tied to Funko stock. The filing shows 42,910 stock options at a $5.22 exercise price and 28,736 restricted stock units, all relating to Class A Common Stock and held for TCG Capital Management’s benefit.
Who actually received the Funko (FNKO) options and RSUs in this Form 4?
The options and RSUs were granted to Jesse Jacobs and Mike Kerns. Both serve on Funko’s board, and the awards are held by them for the benefit of TCG Capital Management, which is the reporting person on the Form 4.
What are the key terms of the Funko (FNKO) stock options granted?
The grant includes 42,910 options to purchase Class A Common Stock. Each option has a $5.22 per share exercise price, was granted on June 3, 2026, and will expire on June 3, 2036, with vesting scheduled for June 3, 2027.
How many restricted stock units were granted in the Funko (FNKO) Form 4?
The filing reports 28,736 restricted stock units (RSUs). These RSUs correspond one-for-one to Class A Common shares or equivalent cash, split equally as 14,368 RSUs for Jesse Jacobs and 14,368 RSUs for Mike Kerns as board compensation.
When do the Funko (FNKO) RSUs and options reported by TCG Capital vest?
Both the RSUs and options are scheduled to vest on June 3, 2027. Vesting for each award is conditioned on Jesse Jacobs and Mike Kerns continuing their service on Funko’s board of directors through that vesting date.
Does TCG Capital Management directly hold the Funko (FNKO) awards?
The awards are held by the directors for the benefit of TCG Capital Management. Footnotes explain that Jacobs and Kerns hold the RSUs and options, but the economic benefit is attributed to the reporting person, TCG Capital Management, LP.