Form 4: Funko Director Michael Lunsford Sells Shares to Cover Taxes
SEC Form 4 Filing
Director Michael Lunsford sold 22,404 shares of Funko, Inc. stock to cover taxes upon the vesting of restricted stock units.
Summary
- On June 14, 2024, Michael C. Lunsford, a director of Funko, Inc., sold 22,404 shares of Class A Common Stock.
- The sale was executed to cover taxes associated with the vesting of restricted stock units.
- The shares were sold at a weighted average price of $10.3836, with individual transactions ranging from $10.32 to $10.44.
- Following the transaction, Lunsford directly owns 99,074 shares of Funko, Inc.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (selling shares to cover taxes). It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
Sales of shares to cover taxes after vesting are a common practice among company directors and executives. This transaction is a routine financial activity and doesn't necessarily indicate a change in the director's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 06/14/2024 | Date of transaction: Sale of shares to cover taxes upon vesting of restricted stock units. |
| 06/18/2024 | Date of signature by Attorney-in-Fact. |
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