Le Pendeven Yves 4
4 · Funko, Inc. · Filed Mar 10, 2026
Research Summary
AI-generated summary of this filing
Funko (FNKO) CFO Yves Le Pendeven Sells Shares
What Happened
- Yves Le Pendeven, Chief Financial Officer of Funko, had restricted stock units (RSUs) vest/convert into shares and then sold a portion to cover taxes. He acquired (vested) 2,734 shares on 2026-03-06 and 896 shares on 2026-03-08 (conversion/exercise of RSUs at $0). On 2026-03-09 he sold 896 shares for a weighted average of $4.33 (≈ $3,878) and 296 shares for a weighted average of $4.38 (≈ $1,297), totaling about $5,175. The exercise/settlement entries are RSU-related (no cash paid).
Key Details
- Transaction dates: RSU settlement/exercise on 2026-03-06 (2,734 shares) and 2026-03-08 (896 shares); open-market sales on 2026-03-09 (896 and 296 shares).
- Sale prices: 896 shares sold at a weighted avg $4.33 (trades ranged $4.305–$4.405); 296 shares sold at a weighted avg $4.38 (trades ranged $4.345–$4.45). Total proceeds ≈ $5,175.
- Shares owned after transaction: not disclosed in the provided filing excerpt.
- Footnotes: RSUs represent a contingent right to one share or cash (F1, F5, F6). Sales were made to cover taxes upon vesting under a Rule 10b5-1 sell-to-cover instruction dated June 14, 2023 (F2). Weighted-average price ranges and willingness to provide per-price details are noted (F3, F4).
- Filing timeliness: Form filed 2026-03-10 reporting transactions dated 3/6–3/9; the filing shows no indication of being late.
Context
- These transactions are routine RSU vesting and sell-to-cover tax sales rather than a cash purchase. The RSU conversions were recorded as derivative exercises (code M) with $0 acquisition cost because RSUs convert without an out-of-pocket option price. Sales to cover taxes are a common administrative step and do not necessarily indicate a change in the insider’s view of the company.
Insider Transaction Report
Form 4
Funko, Inc.FNKO
Transactions
- Exercise/Conversion
CLASS A COMMON STOCK
[F1]2026-03-06+2,734→ 46,234 total - Sale
CLASS A COMMON STOCK
[F2][F3]2026-03-09$4.33/sh−896$3,878→ 45,338 total - Exercise/Conversion
CLASS A COMMON STOCK
[F1]2026-03-08+896→ 46,234 total - Sale
CLASS A COMMON STOCK
[F2][F4]2026-03-09$4.38/sh−296$1,297→ 45,938 total - Exercise/Conversion
Restricted Stock Units
[F1][F5]2026-03-06−2,734→ 2,735 total→ CLASS A COMMON STOCK (2,734 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F6]2026-03-08−896→ 0 total→ CLASS A COMMON STOCK (896 underlying)
Footnotes (6)
- [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.
- [F2]Shares were sold to cover taxes upon the vesting of restricted stock units pursuant to a Rule 10b5-1 sell to cover instruction date June 14 2023.
- [F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.305 to $4.405, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- [F4]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.345 to $4.45, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- [F5]Each 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 original grant of 10,938 RSUs has vested or will vest in four equal installments on each of the first through fourth anniversaries of March 6, 2023, subject to the Reporting Person's continued employment with the Issuer through each applicable vesting date.
- [F6]Each 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 original grant of 3,583 RSUs has vested or will vest in four equal installments on each of the first through fourth anniversaries of March 8, 2022, subject to the Reporting Person's continued employment with the Issuer through each applicable vesting date.
Signature
/s/ Tracy D. Daw as Attorney-in-Fact for Yves Le Pendeven|2026-03-10