Jacobs Jesse 4

What Happened Jesse Jacobs, a director of Funko, reported the conversion/settlement of 17,419 derivative RSU units into 17,419 shares of Class A common stock. The Form 4 shows an "exercise or conversion of derivative" (code M) with 17,419 shares acquired at $0.00 and a corresponding 17,419-share disposition at $0.00 — this reflects RSU vesting and settlement rather than a cash purchase or open-market sale.

Key Details

• Transaction date: June 12, 2026 (report filed June 15, 2026).
• Instrument/Code: RSU settlement / conversion (SEC transaction code M).
• Shares involved: 17,419 shares acquired and 17,419 shares disposed (both at $0.00).
• Consideration: $0.00 per share (no cash payment reported).
• Ownership after transaction: The filing disclaims beneficial ownership; securities are held for the benefit of TCG Capital Management, LP (see footnote).
• Footnotes: F1 notes RSUs were granted June 12, 2025, vested June 12, 2026, and were settled in shares on June 15, 2026. F2 explains the shares were granted as director compensation and are held for the benefit of TCG; Jacobs disclaims beneficial ownership except for any pecuniary interest.
• Timeliness: Filing date (June 15, 2026) reflects a timely Form 4 submission following the June 12 transaction.

Context

• This was a compensation-related RSU vesting and settlement, not an open-market purchase or sale for cash. The paired "acquired" and "disposed" entries reflect conversion/settlement mechanics and the transfer/holding arrangement described in the footnotes.
• Because the securities are held for the benefit of TCG and Jacobs disclaims beneficial ownership, this transaction should be interpreted as an administrative settlement of director compensation rather than a personal buy or sell signaling a view on the stock.