Shah Husnal 4

4 · Funko, Inc. · Filed Mar 10, 2026

AI-generated summary of this filing

Updated Mar 10, 2026

Funko (FNKO) CPO Shah Husnal Sells 1,347 Shares

What Happened

Shah Husnal, Chief Product Officer of Funko, had restricted stock units (RSUs) convert into 3,094 shares (2,344 on 2026-03-06 and 750 on 2026-03-08). A portion of those shares — 1,347 total — were sold in open-market transactions on 2026-03-09 to cover taxes, producing aggregate proceeds of $5,855. The conversions were reported at $0.00 per share (typical for RSU vesting).

Key Details

Transaction dates and prices:
- 2026-03-06: 2,344 RSUs converted to 2,344 shares @ $0.00 (acquired).
- 2026-03-08: 750 RSUs converted to 750 shares @ $0.00 (acquired).
- 2026-03-09: Open-market sale of 1,019 shares at a weighted avg $4.32 (range $4.30–$4.37) — proceeds $4,399.
- 2026-03-09: Open-market sale of 328 shares at $4.44 — proceeds $1,456.
- Total sold: 1,347 shares for $5,855.
Shares owned after transaction: not specified in the filing. Of the 3,094 newly issued shares from vesting, 1,347 were sold; 1,747 of those vested shares were not sold in these transactions.
Notable footnotes:
- F1: Each RSU converts to one share (or cash at issuer election).
- F2: The sales were "sell-to-cover" transactions executed under a Rule 10b5-1 sell-to-cover instruction dated June 8, 2023.
- F3–F5: Footnotes explain weighted-average pricing and the original RSU grants (9,375 RSUs granted 3/6/2023; 2,997 RSUs granted 3/8/2022) and their annual vesting schedules.
Filing timeliness: Form 4 was filed 2026-03-10 for transactions through 2026-03-09; this appears to be timely.

Context

These were RSU vesting and subsequent sell-to-cover sales—not open-market purchases. Sell-to-cover sales are routine tax-withholding actions and do not necessarily indicate the insider is reducing a position for investment reasons.
When RSUs vest, they’re typically reported as acquired at $0 (the income is recognized separately). Because shares were sold immediately to cover taxes under a pre-existing 10b5-1 instruction, this is operational rather than a discretionary sale signal.

Form 4

Period: 2026-03-06

Chief Product Officer

Transactions

Exercise/Conversion
CLASS A COMMON STOCK
[F1]
2026-03-06+2,344→ 9,547 total
Sale
CLASS A COMMON STOCK
[F2][F3]
2026-03-09$4.32/sh−1,019$4,399→ 8,528 total
Exercise/Conversion
CLASS A COMMON STOCK
[F1]
2026-03-08+750→ 9,278 total
Sale
CLASS A COMMON STOCK
[F2]
2026-03-09$4.44/sh−328$1,456→ 8,950 total
Exercise/Conversion
Restricted Stock Units
[F1][F4]
2026-03-06−2,344→ 2,344 total
→ CLASS A COMMON STOCK (2,344 underlying)
Exercise/Conversion
Restricted Stock Units
[F1][F5]
2026-03-08−750→ 0 total
→ CLASS A COMMON STOCK (750 underlying)

Footnotes (5)

[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 dated June 8, 2023.
[F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.30 to $4.37, 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]On March 6, 2023, the Reporting Person was granted 9,375 RSUs, vesting in four equal annual 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.
[F5]On March 8, 2022, the Reporting Person was granted 2,997 RSUs, vesting in four equal annual 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 Daw, as Attorney-in-Fact for Husnal Shah|2026-03-10

1 file