Form 4: Funko Executive Andrew Oddie Sells Shares Under 10b5-1 Trading Plan

Funko's Chief Commercial Officer, Andrew David Oddie, sold 16,719 shares of Class A Common Stock at an average price of $10.0942, according to a Form 4 filing with the SEC.

Summary

• Andrew David Oddie, Chief Commercial Officer of Funko, Inc., sold 16,719 shares of Class A Common Stock on June 12, 2024.
• The sale was executed under a pre-arranged 10b5-1 trading plan adopted on September 5, 2023.
• The shares were sold at a weighted average price of $10.0942, with individual transactions ranging from $10.00 to $10.34.
• Following the transaction, Oddie directly owns 40,372 shares of Class A Common Stock.
• The reported holdings do not include any common units beneficially owned by Oddie.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing regarding a planned stock sale by an executive. It doesn't inherently indicate positive or negative sentiment, as it's a standard disclosure.

Industry Context

Sales by company executives are a normal part of corporate activity. The use of a 10b5-1 trading plan suggests the sale was pre-planned and not based on immediate insider knowledge.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but the use of a 10b5-1 plan mitigates concerns about insider trading.

Key Dates