TCG Capital settles Funko RSU awards into shares

Funko, Inc. director and 10% owner TCG Capital Management, LP reported the exercise and settlement of restricted stock units held for its benefit.

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Form Type

Rhea-AI Filing Summary

Funko, Inc. director and 10% owner TCG Capital Management, LP reported the exercise and settlement of restricted stock units held for its benefit. On June 12, 2026, 17,419 RSUs granted to Jesse Jacobs and 17,419 RSUs granted to Mike Kerns vested and were settled into an equal number of Class A Common shares. These awards were compensation for the directors’ board service and are held by them for the benefit of TCG Capital Management. Following the transactions, the filing shows updated indirect Class A Common Stock holdings linked to these awards, with no RSUs remaining from the reported grants.

Insider Trade Summary

34,838 shares exercised/converted

Exercise 4 txns

Insider TCG Capital Management, LP

Role Director, 10% Owner

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	17,419	$0.00	$0.00
Exercise	Restricted Stock Units	17,419	$0.00	$0.00
Exercise	Class A Common Stock	17,419	$0.00	$0.00
Exercise	Class A Common Stock	17,419	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 0 contracts (Indirect, See footnote); Class A Common Stock — 30,500 shares (Indirect, See footnote)

Footnotes (4)

F1. The securities reported on this row were granted to Jesse Jacobs as compensation for his service on the Issuer's board of directors and are held by Mr. Jacobs for the benefit of the reporting person.
F2. 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 17,419 RSUs included on this row were granted to Jesse Jacobs on June 12, 2025, vested on June 12, 2026 and were settled in shares of Class A Common Stock on June 15, 2026.
F3. The securities reported on this row were granted to Mike Kerns as compensation for his service on the Issuer's board of directors and are held by Mr. Kerns for the benefit of the reporting person.
F4. The 17,419 RSUs included on this row were granted to Mr. Kerns on June 12, 2025, vested on June 12, 2026 and were settled in shares of Class A Common Stock on June 15, 2026.

Key Figures

RSUs for Jesse Jacobs: 17,419 units RSUs for Mike Kerns: 17,419 units Total RSUs exercised: 34,838 units +3 more

6 metrics

RSUs for Jesse Jacobs 17,419 units Granted June 12, 2025; vested June 12, 2026; settled June 15, 2026

RSUs for Mike Kerns 17,419 units Granted June 12, 2025; vested June 12, 2026; settled June 15, 2026

Total RSUs exercised 34,838 units Derivative exercises/conversions reported with code M

Indirect shares after one transaction row 30,500 shares Class A Common Stock, indirect ownership following one reported transaction

Indirect shares after another row 34,486 shares Class A Common Stock, indirect ownership following another reported transaction

RSU settlement ratio 1 share per RSU Each RSU represents one Class A Common share or equivalent cash

Key Terms

Restricted Stock Units, derivative security, indirect ownership, contingent right

4 terms

Restricted Stock Units financial

"The 17,419 RSUs included on this row were granted to Jesse Jacobs on June 12, 2025, vested on June 12, 2026 and were settled in shares of Class A Common Stock on June 15, 2026."

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.

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.

indirect ownership financial

"direct_or_indirect: I, ownership_type: indirect, nature_of_ownership: See footnote"

contingent right financial

"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."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did TCG Capital Management report in this Funko (FNKO) Form 4?

TCG Capital Management reported the exercise and settlement of 34,838 restricted stock units into Class A Common Stock. These RSUs were granted as board compensation to Jesse Jacobs and Mike Kerns and are held by them for the benefit of TCG Capital Management.

How many Funko RSUs vested and converted in this Form 4 filing?

A total of 34,838 restricted stock units vested and were settled into Class A Common Stock. The filing shows 17,419 RSUs for Jesse Jacobs and 17,419 RSUs for Mike Kerns, each converting on the same vesting and settlement dates disclosed.

Who received the Funko director compensation reported in this Form 4?

The compensation was granted to directors Jesse Jacobs and Mike Kerns in the form of restricted stock units. The filing explains these securities are held by each director for the benefit of TCG Capital Management, which is the reporting person and a significant Funko shareholder.

Were the Funko Form 4 transactions open-market purchases or sales?

The transactions were not open-market purchases or sales; they are coded as M, indicating derivative exercises or conversions. The RSUs vested as director compensation and were settled into shares at a stated price of $0.00 per unit in the filing.

What happens to the Funko RSUs after vesting in this Form 4?

Each restricted stock unit represents a right to receive one Funko Class A Common share or equivalent cash. For the 17,419-unit grants to each director, the RSUs vested on June 12, 2026 and were settled in Class A Common Stock on June 15, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/15/2026 - 04:06 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^*

TCG Capital Management, LP

(Last)

(First)

(Middle)

12180 MILLENNIUM DRIVE,

SUITE 500

(Street)

PLAYA VISTA

CALIFORNIA

90094

(City)

(State)

(Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/12/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	06/12/2026		M		17,419⁽¹⁾	A	$0⁽²⁾	34,486	I	See footnote⁽¹⁾
Class A Common Stock	06/12/2026		M		17,419⁽³⁾	A	$0⁽⁴⁾	30,500	I	See footnote⁽³⁾

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⁾	06/12/2026		M			17,419⁽¹⁾	⁽²⁾	⁽²⁾	Class A Common Stock	17,419	$0	0	I	See footnote⁽¹⁾
Restricted Stock Units	⁽³⁾	06/12/2026		M			17,419⁽³⁾	⁽⁴⁾	⁽⁴⁾	Class A Common Stock	17,419	$0	0	I	See footnote⁽³⁾

Explanation of Responses:

1. The securities reported on this row were granted to Jesse Jacobs as compensation for his service on the Issuer's board of directors and are held by Mr. Jacobs for the benefit of the reporting person.

2. 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 17,419 RSUs included on this row were granted to Jesse Jacobs on June 12, 2025, vested on June 12, 2026 and were settled in shares of Class A Common Stock on June 15, 2026.

3. The securities reported on this row were granted to Mike Kerns as compensation for his service on the Issuer's board of directors and are held by Mr. Kerns for the benefit of the reporting person.

4. The 17,419 RSUs included on this row were granted to Mr. Kerns on June 12, 2025, vested on June 12, 2026 and were settled in shares of Class A Common Stock on June 15, 2026.

Remarks:

TCG 3.0 Fuji, LP, which is an affiliate of the reporting person managed by the reporting person, is party to a Stockholders Agreement with the Issuer which gives the reporting person and its affiliates the right to nominate up to two directors to the Issuer's board of directors, subject to certain ownership thresholds. Jesse Jacobs and Mike Kerns serve on the Issuer's board of directors pursuant to this right. Mr. Jacobs is Managing Partner of the reporting person, and Mr. Kerns is a Co-founder and Partner of the reporting person. Accordingly, each of Mr. Jacobs and Mr. Kerns may be determined to represent the interests of the reporting person on the Board of Directors of the Issuer, and accordingly, the reporting person may be deemed to be directors for purposes of Section 16 of the Securities Exchange Act of 1934, as amended.

	/s/ Lauren Goldberg, General Counsel of General Partner	06/15/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR