Form 4: Funko CFO Yves Le Pendeven Reports Stock Transactions
SEC Form 4 Filing
Funko's CFO, Yves Le Pendeven, reports the vesting of restricted stock units and subsequent sale of shares to cover taxes.
Summary
- Yves Le Pendeven, CFO of Funko, Inc., reported transactions involving Class A Common Stock.
- On September 15, 2024, 5,000 restricted stock units (RSUs) vested, each representing a contingent right to receive one share of Class A Common Stock or an equivalent cash payment.
- Also on September 15, 2024, 5,000 shares were acquired upon the vesting of the RSUs at a price of $0.
- On September 16, 2024, 1,344 shares were sold at a weighted average price of $11.7949 to cover taxes related to the vesting of the RSUs.
- These shares were sold in multiple transactions at prices ranging from $11.70 to $11.99.
- Following these transactions, Le Pendeven beneficially owns 32,504 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, which carries a neutral sentiment. It reflects routine financial activity rather than indicating positive or negative performance.
Industry Context
This Form 4 filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to investors regarding the trading activities of key personnel.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the sale is primarily for tax obligations.
Key Dates
| Date | Description |
|---|---|
| June 14 2023 | Rule 10b5-1 sell to cover instruction date |
| March 15, 2024 | Reporting Person was granted 5,000 RSUs, vesting in full on the six month anniversary of the grant date |
| September 15, 2024 | Vesting of 5,000 Restricted Stock Units (RSUs) |
| September 16, 2024 | Sale of 1,344 shares of Class A Common Stock |
| September 17, 2024 | Date of Form 4 signature |
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