Form 4: Funko Inc. Chief Legal Officer, Tracy D. Daw, Reports Sale of Class A Common Stock
SEC Form 4 Filing
Tracy D. Daw, Chief Legal Officer of Funko, Inc., reports the sale of 4,808 shares of Class A Common Stock on March 11, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- On March 11, 2024, Tracy D. Daw, the Chief Legal Officer of Funko, Inc., sold 4,808 shares of Class A Common Stock.
- The sale was executed under a 10b5-1 trading plan adopted on September 13, 2023.
- The shares were sold at a weighted average price of $6.4548, with individual transactions ranging from $6.24 to $6.64.
- Following the transaction, Daw directly owns 51,170 shares of Class A Common Stock.
- The reported holdings do not include any common units beneficially owned by the Reporting Person.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing regarding stock sales by an officer, which is neither particularly positive nor negative.
Industry Context
This filing is a routine disclosure of insider trading activity. It is common for executives to use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information.
Stakeholder Impact
- The sale of shares by an executive could be perceived negatively by some shareholders, but the existence of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| 09/13/2023 | Date of adoption of the 10b5-1 trading plan |
| 03/11/2024 | Date of transaction (sale of shares) |
| 03/13/2024 | Date of signature on the Form 4 filing |
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