Form 4: Funko Director Michael Lunsford Executes Stock Options and Sells Shares
SEC Form 4 Filing
Director Michael Lunsford of Funko, Inc. exercised stock options and sold shares of Class A Common Stock on August 15, 2024, following a previous sale on August 13, 2024.
Summary
- Michael Lunsford, a director at Funko, Inc., engaged in transactions involving the company's Class A Common Stock.
- On August 13, 2024, Lunsford sold 100 shares at a price of $9.634 per share.
- On August 15, 2024, Lunsford exercised an option to purchase 5,900 shares at $5.80 per share.
- Also on August 15, 2024, Lunsford sold 5,900 shares at a weighted average price of $9.5517 per share, with individual sales ranging from $9.50 to $9.67.
- Following these transactions, Lunsford directly owns 98,974 shares of Funko's Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about insider trading activity.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common for directors and officers of publicly traded companies. Investors often monitor these filings for insights into management's perspective on the company's stock.
Stakeholder Impact
- Shareholders may interpret these transactions as a signal of the director's confidence (or lack thereof) in the company's future performance.
Key Dates
| Date | Description |
|---|---|
| 05/27/2021 | Option vested and became exercisable |
| 08/13/2024 | Sale of 100 shares of Class A Common Stock |
| 08/15/2024 | Exercise of option for 5,900 shares and sale of 5,900 shares of Class A Common Stock |
| 05/27/2030 | Expiration date of the option to purchase Class A Common Stock |
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