Oddie Andrew David 4

What Happened
Andrew David Oddie, Funko’s Chief International Officer, had restricted stock units (RSUs) convert to common shares and sold a portion to cover taxes. On March 12–13, 2026 he acquired 22,367 shares at $0.00 upon conversion/settlement of RSUs (reported as derivative exercises/conversions). He then sold 4,844 shares on March 13 at a weighted average price of $4.13 for proceeds of $20,002, and sold 6,250 shares on March 16 at a weighted average price of $3.71 for proceeds of $23,188 — total sale proceeds $43,190. These sales are routine tax-withholding/covering transactions rather than open-market purchases.

Key Details

• Transaction dates: RSU conversions/acquisitions on 2026-03-12 and 2026-03-13; sales on 2026-03-13 and 2026-03-16.
• Shares acquired (from RSU conversion): 22,367 shares at $0.00.
• Shares sold (open market/private sale): 11,094 shares for total proceeds of $43,190 (4,844 @ $4.13; 6,250 @ $3.71).
• Price ranges: the $4.13 weighted avg sale ranged from $4.11–$4.20 (footnote F3); the $3.71 weighted avg sale ranged from $3.655–$3.90 (footnote F4).
• Purpose of sales: Shares were sold to cover taxes upon RSU vesting pursuant to a Rule 10b5-1 instruction letter (footnote F2).
• RSU details: Each RSU converts to one share or cash at issuer election (F1). Grants referenced: 39,069 RSUs granted 3/12/2025 vesting in four annual installments (F6); 50,400 RSUs granted 3/13/2024 vesting in four annual installments (F7).
• Shares owned after transaction: Not specified in the provided excerpt / filing snippet.
• Filing: Form 4 filed 2026-03-16 reporting transactions from 3/12–3/16. (Check the full filing for any timeliness flag.)

Context

• These transactions reflect RSU vesting and tax-withholding sales (common, administrative actions) rather than discretionary purchases or a net insider buy.
• For derivative entries: “Exercise/conversion of derivative” here refers to RSUs settling into shares (acquired at $0), with some of those shares subsequently sold to satisfy tax obligations.
• Such tax-withholding sales typically do not indicate a change in insider sentiment; retail investors should view them as routine unless accompanied by additional voluntary open-market buying or selling.