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
- On April 21, 2025, Yves Le Pendeven, CFO of Funko, Inc., had 859 Class A Common Stock shares vest from restricted stock units.
- Following the vesting, Mr. Le Pendeven sold 233 shares of Class A Common Stock on April 22, 2025, at a weighted average price of $4.2216 per share.
- The sale was executed to cover taxes associated with the vesting of the restricted stock units, pursuant to a pre-arranged Rule 10b5-1 trading plan.
- After these transactions, Mr. Le Pendeven beneficially owns 41,345 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document reports routine insider transactions (vesting and tax-related sales). It doesn't indicate any significant positive or negative developments for the company.
Industry Context
Insider transactions are routinely monitored and reported to the SEC. Sales to cover taxes on vesting equity are common.
Stakeholder Impact
- The sale of shares by a company executive could be perceived negatively by some shareholders, although sales to cover taxes are common and generally understood.
Key Dates
| Date | Description |
|---|---|
| April 21, 2021 | Original grant date of 3,436 RSUs which vest in four equal installments annually. |
| June 14, 2023 | Date of Rule 10b5-1 sell to cover instruction. |
| April 21, 2025 | Vesting of 859 restricted stock units. |
| April 22, 2025 | Sale of 233 shares of Class A Common Stock. |
| April 23, 2025 | Date of Form 4 filing. |
Keywords
Funko, FNKO, Yves Le Pendeven, CFO, Form 4, Stock Sale, Restricted Stock Units, Rule 10b5-1, Insider Trading
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.