Funko investor Fund 1 Investments reports about 9.4% stake

Available on EDGAR 11/12/2026 - 07:27 PM EST Accepted by SEC EDGAR 11/12/2026 - 07:26 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Funko, Inc. (FNKO) is the issuer of the Class A common stock for which Fund 1 Investments, LLC reported beneficial ownership of 5,303,488 shares, approximately 9.4% of the outstanding shares. The percentage is based on 56,350,530 shares outstanding as of November 3, 2026. Fund 1 Investments reported sole voting and disposition power over the shares held by its funds. Their aggregate purchase price was approximately $17,512,824, including brokerage commissions.

Separately, Fund 1 Investments reported cash-settled total return swaps providing economic exposure to 8,234,754 notional shares, approximately 14.6% of outstanding shares; the swaps do not provide voting or disposition power over the referenced shares. It also reported cash-settled call options referencing 200,000 shares, with a $7.50-per-share exercise price and a March 19, 2027 expiration.

Key Figures

Beneficially owned shares: 5,303,488 shares Ownership percentage: Approximately 9.4% Shares outstanding: 56,350,530 shares +5 more

8 metrics

Beneficially owned shares 5,303,488 shares Fund 1 Investments, LLC's reported position

Ownership percentage Approximately 9.4% Based on 56,350,530 shares outstanding as of November 3, 2026

Shares outstanding 56,350,530 shares As of November 3, 2026

Aggregate purchase price Approximately $17,512,824 For the 5,303,488 beneficially owned shares; includes brokerage commissions

Total return swap exposure 8,234,754 notional shares Approximately 14.6% of outstanding shares; economic exposure only

Swap exposure percentage Approximately 14.6% Economic exposure through cash-settled total return swaps

Call options referenced shares 200,000 shares Cash-settled call options

Call option exercise price $7.50 per share Cash-settled call options expiring March 19, 2027

Key Terms

Cash-Settled Swaps, notional Shares, sole dispositive power, cash-settled call options

4 terms

Cash-Settled Swaps financial

"cash-settled total return swap agreements (the "Cash-Settled Swaps")"

notional Shares financial

"economic exposure to an aggregate of 8,234,754 notional Shares"

sole dispositive power regulatory

"sole power to dispose or direct the disposition"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

cash-settled call options financial

"cash-settled call options referencing an aggregate of 200,000 Shares"

FAQ

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

How many FNKO shares does Fund 1 Investments, LLC report owning?

Fund 1 Investments, LLC reported beneficial ownership of 5,303,488 shares, approximately 9.4% of Funko's outstanding shares. The percentage is based on 56,350,530 shares outstanding as of November 3, 2026, and the entity reported sole voting and disposition power over the shares held by its funds.

What is Fund 1 Investments' derivative exposure to FNKO?

Fund 1 Investments reported cash-settled total return swaps providing economic exposure to 8,234,754 notional shares, approximately 14.6% of outstanding shares. The swaps do not give the entity power to vote or direct the voting, or to dispose of or direct the disposition of, the referenced shares.

What FNKO call options does Fund 1 Investments report?

Fund 1 Investments reported cash-settled call options referencing 200,000 shares, with an exercise price of $7.50 per share. The options expire on March 19, 2027.

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

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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 6)

Funko, Inc.

(Name of Issuer)

Class A Common Stock, $0.0001 par value per share

(Title of Class of Securities)

361008105

(CUSIP Number)

Kenneth Mantel, Esq.
Olshan Frome Wolosky LLP, 1325 Avenue of the Americas
New York, NY, 10019
212-451-2300

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

10/30/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 361008105

1

Name of reporting person

Fund 1 Investments, LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 5,303,488.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 5,303,488.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

5,303,488.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

9.4 %

14

Type of Reporting Person (See Instructions)

HC, OO

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Class A Common Stock, $0.0001 par value per share
(b)	Name of Issuer: Funko, Inc.
(c)	Address of Issuer's Principal Executive Offices: 2802 WETMORE AVE, EVERETT, WASHINGTON , 98201.
Item 3.	Source and Amount of Funds or Other Consideration
	Item 3 is hereby amended and restated to read as follows: The Shares beneficially owned by the Reporting Person were purchased with working capital of the Funds (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business). The aggregate purchase price of the 5,303,488 Shares beneficially owned by the Reporting Person is approximately $17,512,824, including brokerage commissions.
Item 5.	Interest in Securities of the Issuer
(a)	Item 5(a) is hereby amended and restated to read as follows: The aggregate percentage of Shares reported beneficially owned by the Reporting Person is based on 56,350,530 Shares outstanding as of November 3, 2026, which is the total number of Shares outstanding as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 5, 2026. As of the date hereof, the Reporting Person beneficially owned 5,303,488 Shares, constituting approximately 9.4% of the outstanding Shares.
(b)	Item 5(b) is hereby amended and restated to read as follows: The Reporting Person has sole power (i) to vote or direct the vote of, and (ii) to dispose or direct the disposition of, the 5,303,488 Shares held by the Funds.
(c)	Item 5(c) is hereby amended and restated to read as follows: The transactions in the Shares by the Reporting Person since the filing of Amendment No. 5 to the Schedule 13D are set forth in Exhibit 1 and are incorporated herein by reference.
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	Item 6 is hereby amended to add the following: The Reporting Person has entered into certain cash-settled total return swap agreements (the "Cash-Settled Swaps") with an unaffiliated third-party financial institution, which provide the Reporting Person with economic exposure to an aggregate of 8,234,754 notional Shares, representing approximately 14.6% of the outstanding Shares. The Cash-Settled Swaps provide the Reporting Person with economic results that are comparable to the economic results of ownership, but do not provide the Reporting Person with the power to vote or direct the voting or dispose of or direct the disposition of the Shares that are the subject of the Cash-Settled Swaps. The Reporting Person holds cash-settled call options referencing an aggregate of 200,000 Shares, which have an exercise price of $7.50 per Share and expire on March 19, 2027.
Item 7.	Material to be Filed as Exhibits.
	Item 7 is hereby amended to add the following exhibit: 1 - Transactions in Securities

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Fund 1 Investments, LLC

Signature:	/s/ Benjamin C. Cable
Name/Title:	Benjamin C. Cable, Chief Compliance Officer
Date:	11/12/2026