Form 4: Funko Executive Andrew Oddie Reports Stock Transactions
SEC Form 4 Filing
Andrew Oddie, Chief Commercial Officer of Funko, Inc., reports the acquisition and disposition of Class A Common Stock and Restricted Stock Units.
Summary
- On April 21, 2025, Andrew Oddie, Chief Commercial Officer of Funko, Inc., acquired 4,909 shares of Class A Common Stock through the vesting of Restricted Stock Units (RSUs).
- Also on April 21, 2025, 4,909 Restricted Stock Units were exercised.
- On April 22, 2025, Oddie sold 2,436 shares of Class A Common Stock at a weighted average price of $4.1735 per share, with prices ranging from $4.10 to $4.23.
- These sales were to cover taxes upon the vesting of RSUs, according to a pre-arranged Rule 10b5-1 trading plan established in June 2019.
- Following these transactions, Oddie directly owns 42,459 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This Form 4 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 buying and selling activities of company executives.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in compliance with SEC regulations.
- The use of Rule 10b5-1 trading plans is a common method for insiders to sell shares without being accused of insider trading, as the trades are pre-scheduled.
Stakeholder Impact
- Shareholders are informed about insider trading activities, which can influence investor confidence.
- The transactions themselves have a minimal impact on the company's operations or financial condition.
Key Dates
| Date | Description |
|---|---|
| June 2019 | Rule 10b5-1 sell to cover instruction letter entered into. |
| April 21, 2021 | Reporting Person was granted 19,633 restricted stock units, vesting in four equal annual installments. |
| April 21, 2025 | Acquisition of 4,909 shares of Class A Common Stock through RSU vesting; exercise of 4,909 Restricted Stock Units. |
| April 22, 2025 | Sale of 2,436 shares of Class A Common Stock at an average price of $4.1735. |
| April 23, 2025 | Date of signature for the Form 4 filing. |
Keywords
Funko, Andrew Oddie, FNKO, Class A Common Stock, Restricted Stock Units, RSU, Form 4, SEC, Beneficial Ownership, Officer Transactions
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