Form 4: Funko Executive Andrew Oddie Sells Shares to Cover Taxes

Funko's Chief Commercial Officer, Andrew David Oddie, sold 7,631 shares of Class A common stock to cover taxes related to vesting RSUs.

Summary

• Andrew David Oddie, Chief Commercial Officer of Funko, Inc., sold 7,631 shares of Class A common stock on April 2, 2024.
• The sale was executed to cover taxes upon the vesting of Restricted Stock Units (RSUs) on March 29, 2024.
• The shares were sold at a weighted average price of $6.0909, with individual transactions ranging from $6.08 to $6.11.
• Following the transaction, Oddie directly owns 57,921 shares of Class A common stock.
• The sale was conducted under a pre-arranged Rule 10b5-1 trading plan established in June 2019.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

Insider sales are a common occurrence, especially to cover tax obligations related to equity compensation. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on current market information.

Stakeholder Impact

• The sale of shares by an executive could be perceived neutrally or slightly negatively by shareholders, depending on the context and the size of the sale relative to the executive's holdings.

Key Dates