Kerns Mike 4

What Happened
Mike Kerns, a Funko (FNKO) director, received two compensation awards on June 3, 2026: 14,368 restricted stock units (RSUs) and 21,445 stock options. Both items were reported as derivative awards at $0.00 per share (standard for grants) and will vest on June 3, 2027, subject to his continued service.

Key Details

• Transaction date: June 3, 2026; Form 4 filed June 5, 2026 (timely filing).
• Reported amounts: 14,368 RSUs and 21,445 options; reported acquisition price = $0.00 (award/derivative).
• Vesting: Both the RSUs and the options vest/become exercisable on June 3, 2027, contingent on continued service.
• Shares owned after transaction: Not disclosed in the provided report.
• Footnotes: RSUs convert to one Class A share (or cash at issuer election). The grants are held for the benefit of TCG Capital Management, LP; Kerns serves on Funko’s board pursuant to a nomination right under a stockholders agreement and disclaims beneficial ownership except for any pecuniary interest.

Context
These are compensation grants (awards), not purchases or sales—so they increase potential future share exposure if vested and exercised. The options were granted but not exercised; they become exercisable only if Kerns remains with the company through the vesting date. Holdings are tied to TCG’s interests and Kerns disclaims beneficial ownership beyond his economic interest.