Form 4: Funko Executive Andrew Oddie Reports Stock Transactions

Andrew Oddie, Chief Commercial Officer of Funko, Inc., reports the vesting of restricted stock units and subsequent sale of shares to cover taxes.

Summary

• Andrew Oddie, Chief Commercial Officer of Funko, Inc., filed a Form 4 detailing changes in beneficial ownership.
• On May 12, 2025, 19,324 restricted stock units (RSUs) vested, each representing a contingent right to receive one share of Class A Common Stock.
• Oddie sold 9,580 shares of Class A Common Stock on May 13, 2025, at a weighted average price of $4.9564 per share to cover taxes upon the vesting of the RSUs.
• Following these transactions, Oddie directly owns 52,203 shares of Class A Common Stock.
• The sales were executed pursuant to a Rule 10b5-1 trading plan entered into in June 2019.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies. Form 4 filings provide transparency into these transactions, allowing investors to track insider activity. The use of a 10b5-1 plan suggests the executive's sales were pre-planned and not based on current market information.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units that vest over time.
• Selling shares to cover tax obligations upon vesting is a standard practice among executives.
• Rule 10b5-1 plans are widely used by corporate insiders to schedule stock sales and avoid accusations of insider trading.
• Comparable companies such as Hasbro, Mattel, and Jakks Pacific also have executives who regularly report stock transactions via Form 4 filings.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders due to the increased supply of shares in the market.
• The transactions do not directly impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

Form 4, Funko, FNKO, Andrew Oddie, Restricted Stock Units, RSU, Beneficial Ownership, Rule 10b5-1, Stock Sale, Chief Commercial Officer