Form 4: Funko CFO Yves Le Pendeven Reports Stock Transactions
SEC Form 4 Filing
Funko's CFO, Yves Le Pendeven, reports the acquisition and disposal of Class A Common Stock and derivative securities, including Restricted Stock Units and options.
Summary
- Yves Le Pendeven, CFO of Funko, Inc., filed a Form 4 detailing changes in beneficial ownership.
- On March 13, 2025, 8,400 shares of Class A Common Stock were acquired at $0.
- Following the reported transactions, Le Pendeven beneficially owns 43,209 shares of Class A Common Stock.
- On March 12, 2025, Le Pendeven was granted 39,069 Restricted Stock Units (RSUs).
- These RSUs vest in four equal installments on the anniversaries of March 12, 2025, contingent upon continued employment.
- Le Pendeven was also granted an option to purchase 29,300 shares of Class A Common Stock at an exercise price of $7.38 on March 12, 2025.
- 25% of these options vest on the first anniversary of March 12, 2025, with the remaining 75% vesting in equal monthly installments thereafter, contingent upon continued employment.
- Additionally, 8,400 RSUs vested on March 13, 2025, from a previous grant of 33,600 RSUs on March 13, 2024.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the document primarily reports routine stock transactions by a company insider. The granting of RSUs and options is generally viewed positively as it aligns management's interests with shareholders.
Positives
- The granting of RSUs and stock options to the CFO aligns his interests with those of the shareholders.
- The vesting schedules of the RSUs and stock options incentivize continued employment and performance.
Future Outlook
The vesting schedules of the RSUs and stock options extend to March 2035, indicating a long-term incentive structure for the CFO.
Industry Context
Form 4 filings are a standard part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The reported transactions provide transparency to shareholders regarding the CFO's holdings and incentives.
- The vesting schedules incentivize the CFO to remain with the company, benefiting employees and other stakeholders.
Key Dates
| Date | Description |
|---|---|
| 03/13/2024 | Reporting Person was granted 33,600 RSUs, vesting in four equal installments on each of the first through fourth anniversaries of March 13, 2024 |
| 03/12/2025 | Date of Earliest Transaction |
| 03/12/2025 | Grant date of 39,069 Restricted Stock Units (RSUs) |
| 03/12/2025 | Grant date of option to purchase 29,300 shares of Class A Common Stock |
| 03/13/2025 | Transaction date for acquisition of 8,400 shares of Class A Common Stock |
| 03/14/2025 | Date of Form 4 filing |
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