FNKO.NASDAQFunko, INC

Form 4: Funko Director Michael Lunsford Reports Stock Transactions

Sentiment:

SEC Form 4 Filing

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Director Michael Lunsford reports acquisition and disposal of Funko, Inc. Class A Common Stock related to restricted stock units.

Summary

  • On June 13, 2024, Michael Lunsford, a director of Funko, Inc., acquired 4,688 shares of Class A Common Stock upon conversion of restricted stock units (RSUs) at a price of $0.
  • On June 14, 2024, Lunsford disposed of 1,295 shares of Class A Common Stock at a weighted average price of $10.266 per share to cover taxes related to the vesting of the RSUs.
  • Following these transactions, Lunsford beneficially owns 121,478 shares of Funko, Inc. Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is common for publicly traded companies. It provides transparency to investors regarding the actions of company leadership.

Stakeholder Impact

  • The transactions have a minor impact on shareholders as they involve a relatively small number of shares compared to the total outstanding shares of Funko, Inc.

Key Dates

DateDescription
06/13/2023Reporting Person was granted 4,688 RSUs, vesting in full on the first anniversary of the grant date
06/13/2024Restricted stock units converted into Class A Common Stock; 4,688 shares acquired.
06/14/20241,295 shares of Class A Common Stock disposed of to cover taxes.

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