Form 4: Funko Director Mike Kerns Reports Stock Award Vesting and Share Receipt

Director Mike Kerns reports the vesting of restricted stock units and subsequent receipt of Class A Common Stock, held for the benefit of TCG Capital Management, LP.

Summary

• Mike Kerns, a director at Funko, Inc., reported the vesting of 2,877 restricted stock units (RSUs) on November 2, 2024.
• These RSUs were granted on November 2, 2023, and each RSU represents the right to receive one share of Class A Common Stock or an equivalent cash payment.
• Upon vesting, the RSUs were settled in 2,877 shares of Class A Common Stock on the same day.
• The shares are held by Kerns for the benefit of TCG Capital Management, LP, which has the right to nominate directors to Funko's board based on ownership thresholds.
• Kerns disclaims beneficial ownership of the shares except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, indicating a neutral sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the equity holdings of company insiders.

Key Dates