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Funko, Inc.·4

Mar 16, 6:25 PM ET

Shah Husnal 4

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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.