Kerns Mike 4

4 · Funko, Inc. · Filed Jun 15, 2026

AI-generated summary of this filing

Updated Jun 15, 2026

Funko (FNKO) Director Mike Kerns Receives 17,419 Shares via RSU Settlement

What Happened

Mike Kerns, a director of Funko, reported the conversion/exercise of a derivative (code M) that resulted in 17,419 shares being acquired at $0.00. The filing also shows a corresponding derivative disposition of 17,419 shares at $0.00 — this reflects conversion/settlement of RSUs into Class A common stock, not an open‑market sale for proceeds.

Key Details

Transaction date (conversion/vesting): June 12, 2026; RSUs were settled in shares on June 15, 2026 per the filing footnote.
Report filed: June 15, 2026 (appears timely).
Price: $0.00 per share; total cash value reported $0.
Shares owned after transaction: not specified in the Form 4 provided.
Footnote F1: RSUs were granted June 12, 2025, vested June 12, 2026, and were settled in shares on June 15, 2026.
Footnote F2: The securities are held for the benefit of TCG Capital Management, LP; Mr. Kerns disclaims beneficial ownership except to the extent of any pecuniary interest.

Context

This was a compensation-related vesting and settlement of restricted stock units (RSUs). The reporting shows conversion of a derivative into shares rather than a sale for cash, so it should be treated as routine equity compensation rather than an insider cashing out.

Form 4

Period: 2026-06-12

Director

Transactions

Exercise/Conversion
Class A Common Stock
[F2][F1]
2026-06-12+17,419→ 30,500 total
Exercise/Conversion
Restricted Stock Units
[F1][F2]
2026-06-12−17,419→ 0 total
→ Class A Common Stock (17,419 underlying)

Footnotes (2)

[F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of Class A Common Stock or, at the election of the Issuer, an equivalent cash payment. The RSUs included on this report were received on June 12, 2025, vested on June 12, 2026 and were settled in shares of Class A Common Stock on June 15, 2026.
[F2]The securities included in this report were granted to the reporting person as compensation for his service on the Issuer's board of directors. Such securities are held by the reporting person for the benefit of TCG Capital Management, LP ("TCG"). Pursuant to a Stockholders Agreement with the Issuer, TCG and its affiliates have the right to nominate up to two directors to the Issuer's board of directors, subject to certain ownership thresholds. The reporting person serves on the Issuer's board of directors pursuant to this right. The reporting person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein and this report shall not be deemed an admission that he is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

Signature

/s/ Lauren Goldberg, as Attorney-in-Fact for Mike Kerns|2026-06-15

1 file