Form 4: Funko Executive Andrew Oddie Reports Stock Transactions

Andrew Oddie, Chief Commercial Officer of Funko, Inc., reports the acquisition and disposal of Class A Common Stock and Restricted Stock Units.

Summary

• Andrew Oddie, the Chief Commercial Officer of Funko, Inc., filed a Form 4 detailing changes in beneficial ownership.
• On March 6, 2025, Oddie acquired 6,881 shares of Class A Common Stock through the vesting of Restricted Stock Units (RSUs).
• On March 7, 2025, Oddie disposed of 3,867 shares of Class A Common Stock at a price of $8.8736 per share.
• On March 8, 2025, Oddie acquired 4,699 shares of Class A Common Stock through the vesting of RSUs.
• On March 10, 2025, Oddie disposed of 2,563 shares of Class A Common Stock at a weighted average price of $8.1306 per share.
• These sales were to cover taxes upon the vesting of RSUs, according to a pre-arranged Rule 10b5-1 trading plan.
• Following these transactions, Oddie directly owns 25,336 shares of Class A Common Stock.
• Oddie also holds 13,763 Restricted Stock Units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment about the company's performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies, ensuring transparency in insider trading.
• The Rule 10b5-1 trading plan mentioned is a common tool used by executives to sell shares while avoiding accusations of insider trading, aligning with industry best practices.
• Comparable companies such as Mattel (MAT) and Hasbro (HAS) also have executives who regularly file Form 4s related to stock options and sales.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the increased supply of shares in the market, but the impact is likely minimal given the relatively small volume of shares involved.

Key Dates