Form 4: TCG Capital Management Reports Transaction in Funko, Inc. (FNKO) Stock

TCG Capital Management reports the vesting and settlement of restricted stock units into Class A Common Stock of Funko, Inc. on June 13, 2024.

Summary

• TCG Capital Management, LP, filed a Form 4 regarding transactions in Funko, Inc. (FNKO) stock.
• On June 13, 2024, 4,688 restricted stock units (RSUs) held indirectly were vested and settled into Class A Common Stock.
• These RSUs were granted to Jesse Jacobs on June 13, 2023, as compensation for his service on Funko's board of directors.
• The RSUs were settled in shares of Class A Common Stock on the vesting date.
• Following the transaction, TCG Capital Management indirectly beneficially owns 6,863 shares of Class A Common Stock.
• Jesse Jacobs and Mike Kerns serve on Funko's board of directors pursuant to a Stockholders Agreement between TCG 3.0 Fuji, LP and Funko, giving TCG the right to nominate up to two directors.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing, indicating a standard transaction. Sentiment is neutral.

Positives

• The vesting of RSUs indicates continued board service and alignment of interests.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider ownership.

Key Dates