Form 4: Funko Inc. Acting CFO Yves Le Pendeven Reports Stock Transactions
SEC Form 4 Filing
Yves Le Pendeven, Acting CFO of Funko, Inc., reports the vesting of restricted stock units and subsequent sale of shares to cover taxes.
Summary
- On April 29, 2024, Yves Le Pendeven, Acting CFO of Funko, Inc., had 317 restricted stock units (RSUs) vest, each representing a contingent right to receive one share of Class A Common Stock.
- To cover taxes associated with the vesting of these RSUs, 88 shares of Class A Common Stock were sold on April 30, 2024, at a price of $5.945 per share.
- These sales were executed pursuant to a Rule 10b5-1 trading plan established in June 2023.
- Following these transactions, Le Pendeven directly owns 28,848 shares of Funko's Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of stock transactions by a company insider, with no inherently positive or negative implications.
Industry Context
Form 4 filings are standard practice for company insiders and officers to report transactions in their company's stock, providing transparency to investors.
Stakeholder Impact
- The transactions have a minimal impact on stakeholders as they are routine and related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 04/29/2020 | Reporting Person was granted 1,266 RSUs, vesting in four equal installments on each of the first through fourth anniversaries of April 29, 2020 |
| June 2023 | Rule 10b5-1 instruction letter entered into |
| 04/29/2024 | 317 Restricted Stock Units vested. |
| 04/30/2024 | 88 shares of Class A Common Stock sold at $5.945 per share. |
| 05/01/2024 | Date of Form 4 signature. |
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