Form 4: Funko Acting CFO Yves Le Pendeven Sells Shares to Cover Taxes

Acting CFO of Funko, Yves Le Pendeven, sold 4,134 shares of Class A Common Stock on April 2, 2024, to cover taxes related to vesting RSUs.

Summary

• Yves Le Pendeven, Acting CFO of Funko, Inc., reported a transaction involving the sale of Class A Common Stock.
• On April 2, 2024, Le Pendeven sold 4,134 shares at a weighted average price of $6.1028 per share.
• The sale was executed to cover taxes upon the vesting of Restricted Stock Units (RSUs) on March 29, 2024.
• This transaction was conducted under a pre-arranged trading plan (Rule 10b5-1) established in June 2023.
• Following the transaction, Le Pendeven beneficially owns 27,983 shares of Funko's Class A Common Stock.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (tax-related stock sale) by an executive, which is neither particularly positive nor negative for the company's outlook.

Industry Context

This is a routine transaction for covering taxes on vested equity. It is common for executives to use 10b5-1 plans to sell shares in a pre-planned manner to avoid accusations of insider trading.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale (tax obligations) and the existence of a pre-arranged trading plan.

Key Dates