Form 4: Funko CFO's Routine Stock Transactions

Funko CFO Yves Le Pendeven acquired shares through RSU vesting and subsequently sold a portion to cover taxes.

Summary

• Funko, Inc.'s Chief Financial Officer, Yves Le Pendeven, reported changes in his beneficial ownership of Class A Common Stock.
• On August 8, 2025, Mr. Le Pendeven acquired 2,950 shares of Class A Common Stock through the vesting of Restricted Stock Units (RSUs).
• Following this acquisition, his direct beneficial ownership of Class A Common Stock increased to 44,295 shares.
• On August 11, 2025, Mr. Le Pendeven sold 795 shares of Class A Common Stock at a weighted average price of $2.5911 per share.
• This sale was executed to cover taxes associated with the vesting of restricted stock units, pursuant to a Rule 10b5-1 sell-to-cover instruction dated June 14, 2023.
• After the sale, Mr. Le Pendeven's direct beneficial ownership of Class A Common Stock stands at 43,500 shares.
• The original grant of 11,800 RSUs vests in four equal installments on the anniversaries of August 8, 2024, subject to continued employment.
• Following the reported vesting, 8,850 Restricted Stock Units (RSUs) remain beneficially owned by Mr. Le Pendeven.

Sentiment

Score: 5

Explanation: The filing details a routine insider transaction for tax purposes, pre-planned under a 10b5-1 plan. This type of transaction is generally considered neutral as it does not reflect a discretionary decision based on new material information about the company's performance or outlook.

Positives

• The vesting of Restricted Stock Units (RSUs) indicates continued compensation and retention of a key executive.
• The sale of shares was pre-planned under a Rule 10b5-1 plan, indicating a structured, non-discretionary transaction for tax purposes rather than a reaction to new negative information.

Negatives

• The sale of 795 shares, even for tax purposes, results in a slight reduction of direct insider ownership.
• The weighted average sale price of $2.5911 per share is relatively low.

Future Outlook

The remaining 8,850 Restricted Stock Units (RSUs) are scheduled to vest in future equal installments on the anniversaries of August 8, 2024, contingent on the CFO's continued employment.

Industry Context

This filing is a routine insider transaction report specific to Funko, Inc. and its CFO. It does not provide information on broader industry trends or competitive landscape.

Stakeholder Impact

• Shareholders may note a minor reduction in direct insider ownership, but the pre-planned nature of the sale for tax purposes mitigates concerns about management's confidence in the company.

Next Steps

• Future vesting of the remaining 8,850 Restricted Stock Units (RSUs) in equal installments on the anniversaries of August 8, 2024.

Key Dates

Recommendation

The filing details a routine insider transaction where the CFO sold shares to cover taxes upon RSU vesting, as pre-planned under a Rule 10b5-1 plan. This type of transaction is not typically indicative of a change in the company's fundamental outlook or a signal for investors to alter their position. Therefore, a 'hold' recommendation is appropriate as this filing does not provide new information warranting a change in investment thesis.

Keywords

Funko, FNKO, Insider Trading, Form 4, Stock Transaction, CFO, Yves Le Pendeven, RSU, Restricted Stock Units, 10b5-1 Plan