Form 4: Funko Inc. Acting CFO Yves Le Pendeven Reports Stock Transactions

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 21, 2024, Yves Le Pendeven, Acting CFO of Funko Inc., had 859 restricted stock units (RSUs) vest.
• These RSUs represent a contingent right to receive one share of Class A Common Stock or an equivalent cash payment.
• Also on April 21, 2024, 859 shares of Class A Common Stock were acquired through the vesting of these RSUs at a price of $0.
• On April 22, 2024, Le Pendeven sold 223 shares of Class A Common Stock at a weighted average price of $6.2245 per share to cover taxes related to the RSU vesting.
• These shares were sold in multiple transactions at prices ranging from $6.22 to $6.23, inclusive.
• Following these transactions, Le Pendeven beneficially owns 28,619 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions, which carries a neutral sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Comparison to Industry Standards

• Executive stock transactions are a common occurrence in publicly traded companies.
• Companies like Mattel and Hasbro also have executives who regularly report stock transactions.
• The vesting and subsequent sale of shares to cover taxes is a standard practice.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.

Key Dates