Form 4: Funko Director Jesse Jacobs Acquires Over 10,000 Shares Through RSU Vesting

Funko, Inc. Director Jesse Jacobs has acquired 10,204 shares of Class A Common Stock following the vesting and settlement of restricted stock units (RSUs) received as compensation for his board service.

Summary

• Jesse Jacobs, a Director at Funko, Inc. (FNKO), acquired 10,204 shares of Class A Common Stock.
• The acquisition resulted from the vesting of restricted stock units (RSUs) that were granted as compensation for his service on the Issuer's board of directors.
• The RSUs were received on June 4, 2024, vested on June 4, 2025, and were settled in shares of Class A Common Stock on June 5, 2025.
• The transaction price for the acquired shares was $0, as it represents the conversion of compensation.
• Following this transaction, Jesse Jacobs directly beneficially owns 17,067 shares of Class A Common Stock.
• The securities are held by Jesse Jacobs for the benefit of TCG Capital Management, LP ('TCG').
• Jesse Jacobs serves on Funko's board of directors pursuant to TCG's right to nominate up to two directors, subject to certain ownership thresholds, as per a Stockholders Agreement with the Issuer.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. It's a routine compensation event (expected), but the acquisition of shares by a director can be seen as a minor positive signal of alignment with shareholder interests.

Positives

• The vesting and settlement of RSUs indicate a pre-planned compensation event, reflecting a routine aspect of director remuneration.
• The acquisition of shares by a director aligns their interests with those of shareholders, potentially signaling confidence in the company's long-term prospects.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future financial performance or strategic direction.

Management Comments

• Jesse Jacobs serves on the Issuer's board of directors pursuant to TCG Capital Management, LP's right to nominate up to two directors, subject to certain ownership thresholds, as per a Stockholders Agreement with the Issuer.
• The reporting person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein and this report shall not be deemed an admission that he is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

Industry Context

This filing represents a routine insider transaction related to director compensation, which is a common practice across publicly traded companies. It does not reflect broader industry trends or competitive dynamics but rather an internal compensation event.

Corporate Governance

Related Party Transactions

• The securities acquired by Jesse Jacobs were granted as compensation for his board service, and he holds them for the benefit of TCG Capital Management, LP, which has a Stockholders Agreement with Funko, Inc. and director nomination rights.

Stakeholder Impact

• Shareholders: The transaction is a routine compensation event and does not directly impact the company's operational or financial performance. It aligns the director's interests with shareholders through equity ownership.
• Employees: No direct impact on employees is indicated by this filing.
• Management: This reflects a standard compensation practice for board members.

Key Dates

Keywords

Funko, FNKO, Jesse Jacobs, Director, Restricted Stock Units, RSU, Stock Acquisition, Insider Transaction, SEC Form 4, Corporate Governance, TCG Capital Management