Form 4: Funko Director Sarah Kirshbaum Levy Acquires Stock Options and Restricted Stock Units

Director Sarah Kirshbaum Levy acquired stock options and restricted stock units in Funko, Inc.

Summary

• On June 4, 2024, Sarah Kirshbaum Levy, a director of Funko, Inc., acquired 10,204 restricted stock units (RSUs) and an option to purchase 25,500 shares of Class A Common Stock.
• The RSUs will vest on June 4, 2025, contingent upon continued service with Funko.
• Each RSU represents the right to receive one share of Class A Common Stock or an equivalent cash payment at the Issuer's election.
• The option to purchase Class A Common Stock will also vest and become exercisable on June 4, 2025, subject to continued service.
• The exercise price for the option is $9.43.
• Following these transactions, Levy directly owns 10,204 RSUs and an option to purchase 25,500 shares.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it's a standard disclosure of stock options and RSU grants. It doesn't inherently indicate positive or negative performance, but rather aligns the director's interests with the company's long-term success.

Positives

• The acquisition of RSUs and stock options by a director signals confidence in the company's future performance.
• The vesting requirements tied to continued service align the director's interests with those of the shareholders.

Future Outlook

The vesting of the RSUs and stock options is contingent upon the Reporting Person's continued service with the Issuer through the vesting date, suggesting an expectation of continued involvement and contribution.

Industry Context

This filing is a routine disclosure related to executive compensation and is common in publicly traded companies. It reflects standard practices for incentivizing and retaining key personnel.

Comparison to Industry Standards

• Granting stock options and RSUs to directors is a common practice among publicly traded companies to align their interests with those of shareholders.
• The vesting schedules and terms are generally consistent with industry norms for executive compensation packages.
• Companies like Hasbro and Mattel also use similar equity-based compensation plans for their executives and directors.

Stakeholder Impact

• The acquisition of equity by a director can positively influence shareholder confidence.
• The vesting requirements incentivize the director to contribute to the company's long-term success, benefiting shareholders and employees.

Key Dates