Daw Tracy D 4

What Happened

• Tracy D. Daw, Chief Legal Officer of Funko, reported converting/ exercising derivatives (code M) tied to vested restricted stock units (RSUs) into 5,273 shares on March 6, 2026 and 4,343 shares on March 8, 2026 — a total of 9,616 shares. Each reported acquisition is at $0.00 and each corresponding disposition is also reported at $0.00 in the filing, meaning no cash sale proceeds are shown on the Form 4.

Key Details

• Transaction dates and amounts: March 6, 2026 — 5,273 shares (acquired and disposed) at $0.00; March 8, 2026 — 4,343 shares (acquired and disposed) at $0.00. Aggregate: 9,616 shares.
• Transaction type: M = exercise or conversion of a derivative security (here, RSUs converting to Class A common stock or cash per issuer election).
• Shares owned after transaction: not specified in the information provided in your summary.
• Footnotes of note:
  • F1: Each RSU converts to one share of Class A common stock (or, at issuer election, cash).
  • F3 & F4: The reported conversions align with RSU grants (March 6, 2023 grant vests in annual installments; March 8, 2022 grant vests in annual installments) meaning these were likely vested installments.
  • F2: The reported post-transaction holding figure (if present on the Form 4) does not reflect any beneficial ownership of common units.
• Timeliness: Form filed March 10, 2026; reporting appears timely for the March 6 and March 8 transactions (filed within required business-day window).

Context

• For retail investors: code M transactions for RSUs typically represent vested awards being converted into shares. The matching acquisition and disposition at $0.00 often reflect shares issued on vesting and then transferred (commonly for tax withholding or issuer cash settlement), but the Form 4 here does not specify the reason for the disposition or any cash consideration. These entries are routine for vesting awards and do not by themselves indicate a buy or sell sentiment.