Form 4: Funko CFO Yves Le Pendeven Sells Shares to Cover Taxes After RSU Vesting

Funko's CFO, Yves Le Pendeven, sold 2,490 shares of Class A Common Stock on March 14, 2025, at a weighted average price of $7.1046 to cover taxes related to the vesting of Restricted Stock Units (RSUs).

Summary

• Yves Le Pendeven, CFO of Funko, Inc., sold 2,490 shares of Class A Common Stock on March 14, 2025.
• The sale was executed at a weighted average price of $7.1046 per share.
• The shares were sold to cover taxes associated with the vesting of RSUs on March 13, 2025.
• The sale was conducted under a pre-arranged Rule 10b5-1 trading plan established in June 2023.
• Following the transaction, Le Pendeven directly owns 40,719 shares of Funko's Class A Common Stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The sale is related to tax obligations and was pre-planned, suggesting it's not indicative of the CFO's view on the company's future performance.

Industry Context

Insider sales, particularly those related to tax obligations from RSU vesting, are common and generally don't indicate a negative outlook on the company. They are often pre-planned under Rule 10b5-1 to avoid accusations of insider trading.

Comparison to Industry Standards

• Sales to cover taxes on vesting RSUs are a common practice among executives at publicly traded companies.
• Comparable companies such as Mattel (MAT) and Hasbro (HAS) also see similar transactions by their executives.
• The use of Rule 10b5-1 plans is a standard method to ensure compliance with insider trading regulations.

Key Dates