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Funko, Inc.·4

Mar 16, 6:17 PM ET

Daw Tracy D 4

Research Summary

AI-generated summary

Updated

Funko (FNKO) Chief Legal Officer Tracy Daw Exercises 22,367 RSUs

What Happened

  • Tracy Daw, Chief Legal Officer of Funko, converted/ exercised a total of 22,367 derivative units (9,767 on Mar 12, 2026 and 12,600 on Mar 13, 2026) into shares, according to the Form 4. The reported execution price for these conversions is $0.00 and the Form shows corresponding dispositions of the derivative interests on the same dates (also at $0).
  • These transactions reflect the conversion/settlement of restricted stock units (RSUs) that were previously granted (see footnotes). This is not an open-market sale or purchase — the filing reports conversion/settlement activity with no cash paid per the Form 4.

Key Details

  • Dates and amounts: Mar 12, 2026 — 9,767 units; Mar 13, 2026 — 12,600 units; total 22,367 units; reported price $0.00.
  • Reported dollar amount: $0 (per the Form 4 entries for these conversions/dispositions).
  • Shares owned after transaction: Not specified in the information provided in your summary.
  • Relevant footnotes:
    • F1: Each RSU represents a contingent right to receive one share of Class A common stock or, at the issuer’s election, cash.
    • F3/F4: RSUs were granted on Mar 12, 2025 (39,069 RSUs) and Mar 13, 2024 (50,400 RSUs) and vest in scheduled annual installments subject to continued employment.
    • F2: The reported Class A share total does not reflect any common units beneficially owned by the reporting person.
  • Filing timeliness: Form 4 was filed on Mar 16, 2026 for transactions on Mar 12–13, 2026; this filing appears timely under typical two-business-day reporting rules.

Context

  • These entries are derivative conversions/settlements of RSUs, not open-market purchases or sales of existing shares. The simultaneous "acquired" and "disposed" derivative entries suggest conversion/settlement mechanics rather than a market sale; the RSU footnote clarifies settlement may be in shares or cash.
  • For retail investors: conversions/vestings are common executive compensation events and do not alone indicate a buy/sell signal. No proceeds or open-market sale proceeds are reported in this filing.