Form 4: Funko's Chief Legal Officer, Tracy D. Daw, Sells Shares Under 10b5-1 Trading Plan

Tracy D. Daw, Chief Legal Officer of Funko, Inc., sold 26,063 shares of Class A common stock on June 12, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On June 12, 2024, Tracy D. Daw, the Chief Legal Officer of Funko, Inc., sold 26,063 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 $10.1143, with individual transactions ranging from $10.00 to $10.33.
• Following the transaction, Daw directly owns 36,362 shares of Funko's 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 routine SEC filing related to an insider share sale under a pre-arranged trading plan. It doesn't inherently indicate positive or negative sentiment.

Industry Context

Sales by company insiders are a common occurrence and are often pre-planned to avoid accusations of insider trading. The use of a 10b5-1 trading plan allows insiders to sell shares at predetermined times and prices.

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