Form 4: Funko's Chief Legal Officer, Tracy D. Daw, Sells 18,608 Shares of Class A Common Stock

Tracy D. Daw, Chief Legal Officer of Funko, Inc., executed a sale of 18,608 shares of Class A Common Stock at an average price of $7.1441 per share on March 18, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• On March 18, 2025, Tracy D. Daw, the Chief Legal Officer of Funko, Inc., sold 18,608 shares of Class A Common Stock.
• The sale was executed under a 10b5-1 trading plan adopted on December 12, 2024.
• The shares were sold at a weighted average price of $7.1441.
• The prices for individual transactions ranged from $7.07 to $7.27.
• Following the transaction, Daw directly owns 26,332 shares of Funko's Class A Common Stock.
• The reported amount does not reflect any common units beneficially owned by the Reporting Person.

Sentiment

Score: 5

Explanation: The sentiment is neutral. It's a routine disclosure of an insider stock sale under a pre-arranged trading plan, which doesn't necessarily indicate a positive or negative outlook for the company.

Industry Context

This filing is a routine disclosure of insider trading activity. It's important to monitor such filings to understand management's perspective on the company's stock and future prospects. However, sales under 10b5-1 plans are often pre-scheduled and may not reflect current sentiment.

Stakeholder Impact

• The sale of shares by a company officer could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates