Funko SEC Filings

Funko, Inc. filed an amended Form 3 for its CFO. The filing reports derivative holdings consisting of a stock option for 83,900 shares of Class A common stock at an exercise price of $6.37, expiring on 03/13/2034, and 33,600 restricted stock units.

The option vested 25% on the first anniversary of March 13, 2024, with the remaining 75% vesting in 36 equal monthly installments thereafter, subject to continued employment. The 33,600 RSUs vest in four equal annual installments on each of the first through fourth anniversaries of March 13, 2024, subject to continued employment.

Josh Simon, identified as Chief Executive Officer and a director of Funko, Inc. (FNKO), reported grants of restricted stock units on 09/01/2025. The filing shows two awards: 1,000,000 RSUs that vest in four equal annual installments beginning on the first anniversary of September 1, 2025 (with full vesting on a change in control), and 750,000 RSUs with mixed time- and performance-based vesting. The 750,000 RSUs vest one-third over three years and two-thirds only if stock-price hurdles of $8.00 and $20.00 (measured by a 45-trading-day trailing average or change-in-control price) are achieved before the seventh anniversary, subject to continued service. Each RSU converts to one share of Class A common stock or cash at the issuer’s election. The Form 4 was signed by an attorney-in-fact on behalf of Mr. Simon on 09/03/2025.

Josh Simon, identified as Chief Executive Officer and a Director of Funko, Inc. (FNKO), filed an initial Form 3 reporting the event date 09/01/2025. The filing states that the reporting person does not beneficially own any securities of the issuer. The form includes an Exhibit 24 power of attorney and is signed by Tracy Daw as attorney-in-fact on 09/03/2025.

Funko, Inc. describes its core business as designing and selling licensed pop-culture products under brands including Funko, Loungefly and Mondo, spanning vinyl figures, non-fungible tokens, vinyl records, limited-edition posters, personalized products (e.g., Pop! Yourself), micro collectibles and blind-box mystery figures. The company states it targets sports, music and video-game fandoms and positions itself at the intersection of pop culture and the growing "kidult" market. The prospectus supplement confirms a one-to-one relationship between shares of Class A common stock and common units of FAH, LLC (and similarly describes a one-to-one relationship for Class B common stock held by Continuing Equity Owners). The document includes a detailed discussion of U.S. federal tax consequences for Non-U.S. Holders, including withholding, treaty relief, effective connection rules, branch profits tax, documentation requirements (Forms W-8 series) and information-reporting considerations. The supplement refers readers to the underlying registration statement and filed exhibits for complete agreements and financial information.

Funko, Inc. disclosed an amendment to its Stockholders Agreement with TCG Fuji 3.0, LP that changes how certain at-the-market share issuances affect TCG-related consent rights. The amendment specifies that up to $40 million of Class A common stock issued in at-the-market offerings will be excluded from the 22% beneficial ownership threshold used to determine whether TCG-related parties retain consent rights. The filing identifies the Amendment dated August 14, 2025 and the Cover Page Interactive Data File dated August 15, 2025. The document is signed by Tracy D. Daw, Chief Legal Officer and Secretary.

Cooper Creek Partners Management LLC reported a material passive stake in Funko, Inc., owning 4,390,494 shares, representing 8.0% of the outstanding common stock, on a Schedule 13G (Amendment No. 11). The filing identifies the reporting person as an investment adviser (IA) and shows the position as a disclosed, non-group holding.

The filer reports sole voting and sole dispositive power over all shares and certifies the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control. Items addressing ownership on behalf of others or group affiliations are marked Not Applicable.

Funko, Inc. Chief Product Officer Shah Husnal reported direct ownership of 6,778 Class A common shares and direct derivative rights to acquire 139,200 shares through stock options and 53,031 restricted stock units. Option exercise prices disclosed range from $6.37 to $17.09. Vesting schedules in the filing are service-based with initial 25% vesting followed by monthly or annual installments as specified.

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.

Funko appointed Josh Simon as Chief Executive Officer effective September 1, 2025, replacing Interim CEO Michael Lunsford who will remain on the Board. Mr. Simon joins from Netflix where he led global consumer products and live experiences and previously held senior roles at Nike and The Walt Disney Company. His employment term is three years with automatic one-year renewals unless notice is given. Compensation includes a $1,000,000 base salary, an annual cash incentive target equal to 100% of base salary, relocation assistance up to $100,000, and a long-term equity target of at least $2,500,000 beginning in fiscal 2027. He received sign-on equity: 1,000,000 restricted stock units vesting over four years and 750,000 restricted stock units with time-based and stock-price performance vesting (price hurdles of $8.00 and $20.00 per share, each exercisable within seven years). The agreement includes severance protections (24 months base pay and COBRA reimbursement for eligible terminations) and customary restrictive covenants.