Form 4: Funko Inc. Chief Legal Officer Reports Stock Transactions
SEC Form 4 Filing
Tracy D. Daw, Chief Legal Officer of Funko, Inc., reports the vesting and conversion of restricted stock units into Class A Common Stock.
Summary
- On April 21, 2024, Tracy D. Daw, the Chief Legal Officer of Funko, Inc., had 2,989 restricted stock units (RSUs) vest and convert into Class A Common Stock.
- This transaction increased Daw's direct holdings of Class A Common Stock to 61,659 shares.
- The RSUs were part of a grant from April 21, 2021, which vested in four equal annual installments.
- After the transaction, Daw directly owns 2,989 derivative securities.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of insider transactions, with no inherent positive or negative implications for the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine vesting of previously granted equity.
Key Dates
| Date | Description |
|---|---|
| 04/21/2021 | Reporting Person was granted 11,955 restricted stock units, vesting in four equal annual installments |
| 04/21/2024 | 2,989 restricted stock units vested and were converted into Class A Common Stock |
| 04/23/2024 | Date of signature for the Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.