Form 4: Funko's Chief Commercial Officer, Andrew Oddie, Executes Option and Sells Shares Under 10b5-1 Plan

Andrew David Oddie, Chief Commercial Officer of Funko, Inc., exercised options to purchase Class A Common Stock and sold shares on September 23 and 24, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• Andrew David Oddie, the Chief Commercial Officer of Funko, Inc., engaged in transactions involving the company's Class A Common Stock.
• On September 23, 2024, Oddie exercised options to acquire 10,800 shares at a price of $4.01 and sold 10,800 shares at a weighted average price of $12.0322.
• Following these transactions, Oddie directly owned 51,172 shares.
• On September 24, 2024, Oddie exercised options to acquire 21,882 shares at a price of $4.01 and sold 21,882 shares at a weighted average price of $12.0202.
• Following these transactions, Oddie directly owned 62,254 shares.
• The sales were executed under a 10b5-1 trading plan adopted on September 5, 2023.
• After these transactions, Oddie directly owns 40,372 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transactions are part of a pre-planned trading strategy and do not necessarily reflect a change in the executive's confidence in the company.

Industry Context

Insider transactions are common and closely monitored, especially in the context of pre-arranged trading plans like 10b5-1 plans, which are designed to allow insiders to sell shares without being accused of trading on non-public information. The market will likely interpret these transactions in light of Funko's overall performance and future prospects.

Comparison to Industry Standards

• Comparing Oddie's transactions to similar filings by executives at comparable companies like Hasbro or Mattel would provide context.
• For example, if executives at Hasbro or Mattel are also selling shares under 10b5-1 plans, it could indicate a broader trend in the industry.
• Analyzing the timing and size of these transactions relative to company performance and industry benchmarks is crucial.
• The weighted average sale prices of $12.0322 and $12.0202 can be compared to Funko's stock performance over the past year and to the performance of its peers.

Stakeholder Impact

• Shareholders may view insider selling with caution, although the existence of a 10b5-1 plan mitigates concerns about opportunistic trading.
• Employees may be indirectly affected by market perceptions of these transactions.
• The impact on customers, suppliers, and creditors is likely minimal.

Key Dates