Shah Husnal 4
4 · Funko, Inc. · Filed Mar 16, 2026
Research Summary
AI-generated summary of this filing
Funko (FNKO) CPO Shah Husnal Sells Shares, Converts RSUs
What Happened
Shah Husnal, Chief Product Officer of Funko (FNKO), had RSUs vest and converted into shares, and sold a portion of those shares in open-market transactions to cover taxes. On March 12 and March 13, 2026 he acquired a total of 13,826 shares via conversion of restricted stock units (5,426 and 8,400 shares; recorded as derivative conversion at $0.00 per share). He sold 2,358 shares on March 13 at a weighted average price of $4.15 (proceeds ~$9,774) and 3,651 shares on March 16 at a weighted average price of $3.73 (proceeds ~$13,602), totaling 6,009 shares sold for about $23,376. Footnotes indicate the sales were made pursuant to a Rule 10b5-1 sell-to-cover instruction to satisfy tax withholding.
Key Details
- Transaction dates/prices:
- 2026-03-12: 5,426 RSU conversion (reported at $0.00) — non-cash vesting event.
- 2026-03-13: 8,400 RSU conversion (reported at $0.00) — non-cash vesting event.
- 2026-03-13: sale of 2,358 shares at weighted avg $4.15 (prices ranged $4.12–$4.20).
- 2026-03-16: sale of 3,651 shares at weighted avg $3.73 (prices ranged $3.66–$3.91).
- Total: acquired 13,826 shares from RSU vesting; sold 6,009 shares for ~$23,376.
- Shares owned after the transactions: Not stated in the Form 4 filing.
- Notable footnotes:
- F1: Each RSU converts to one share (or cash at issuer election).
- F2: Sales were to cover taxes under a Rule 10b5-1 sell-to-cover plan (dated June 8, 2023).
- F3/F4: Reported sale prices are weighted averages; per-footnote breakdowns available on request.
- F5/F6: Grants described — 21,705 RSUs granted 3/12/2025 and 33,600 RSUs granted 3/13/2024, vesting in annual installments.
- Filing timeliness: Form filed 2026-03-16 for transactions between 2026-03-12 and 03-16; no late filing flag noted.
Context
The $0.00 per-share entries reflect RSU vesting/conversion (a non-cash award), not a market purchase. The subsequent open-market sales appear to be routine sell-to-cover transactions to satisfy tax withholding under a pre-established 10b5-1 plan; such sales are common after vesting and do not necessarily indicate a change in insider sentiment. For a full breakdown of individual sale prices within the reported ranges, the filing notes the reporting person will provide details on request.
Insider Transaction Report
- Exercise/Conversion
CLASS A COMMON STOCK
[F1]2026-03-12+5,426→ 14,376 total - Sale
CLASS A COMMON STOCK
[F2][F3]2026-03-13$4.15/sh−2,358$9,774→ 12,018 total - Exercise/Conversion
CLASS A COMMON STOCK
[F1]2026-03-13+8,400→ 20,418 total - Sale
CLASS A COMMON STOCK
[F2][F4]2026-03-16$3.73/sh−3,651$13,602→ 16,767 total - Exercise/Conversion
Restricted Stock Units
[F1][F5]2026-03-12−5,426→ 16,279 total→ CLASS A COMMON STOCK (5,426 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F6]2026-03-13−8,400→ 16,800 total→ CLASS A COMMON STOCK (8,400 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 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 $4.12 to $4.20, 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 $3.66 to $3.91, 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]On March 12, 2025, the Reporting Person was granted 21,705 RSUs, vesting in four equal annual installments on each of the first through fourth anniversaries of March 12, 2025, subject to the Reporting Person's continued employment with the Issuer through each applicable vesting date.
- [F6]On March 13, 2024, the Reporting Person was granted 33,600 RSUs, vesting in four equal annual installments on each of the first through fourth anniversaries of March 13, 2024, subject to the Reporting Person's continued employment with the Issuer through each applicable vesting date.