Form 4: Funko Director Charles Denson Converts Restricted Stock Units into Common Shares

Funko, Inc. Director Charles D. Denson converted 10,204 restricted stock units into Class A Common Stock on June 4, 2025, increasing his direct beneficial ownership.

Summary

• Charles D. Denson, a Director of Funko, Inc. (FNKO), reported a change in beneficial ownership of the company's securities.
• On June 4, 2025, Mr. Denson acquired 10,204 shares of Class A Common Stock through the conversion of restricted stock units (RSUs) on a one-for-one basis.
• The acquisition price for these shares was $0, as it was a conversion of previously granted RSUs.
• Following this transaction, Mr. Denson directly beneficially owns 178,673 shares of Class A Common Stock.
• Additionally, Mr. Denson indirectly beneficially owns 25,000 shares through Fielding Road LLC and 14,300 shares through Denson Investments LLC.
• The RSUs vested on June 4, 2025, contingent upon Mr. Denson's continued service with Funko, Inc. through that date.

Sentiment

Score: 5

Explanation: The filing reports a routine conversion of restricted stock units into common stock by a director, which is a standard compensation event and does not indicate significant positive or negative sentiment regarding the company's performance or outlook.

Positives

• The conversion of restricted stock units into common stock indicates a director's continued vested interest and alignment with shareholder value, as it increases their direct equity stake in the company.

Risks

• The vesting of the restricted stock units was subject to the Reporting Person's continued service with the Issuer through the vesting date, meaning the shares would not have been received if service ceased prior to that date.

Future Outlook

The restricted stock units converted were contingent upon the reporting person's continued service with the Issuer through the vesting date of June 4, 2025.

Industry Context

This Form 4 filing is a routine disclosure of an insider's change in beneficial ownership, specifically the conversion of restricted stock units (RSUs) into common stock. Such transactions are common forms of executive compensation and do not typically reflect broader industry trends or competitive positioning.

Related Party Transactions

• Shares are held indirectly by Fielding Road LLC and Denson Investments LLC, entities likely associated with the reporting person, Charles D. Denson.

Stakeholder Impact

• Shareholders: Minor impact, as this is a routine compensation-related transaction for a director, increasing their direct stake in the company.

Key Dates

Keywords

Funko, FNKO, Charles D. Denson, Form 4, SEC filing, insider trading, restricted stock units, RSU conversion, beneficial ownership, Class A Common Stock, director