Duchscher Reed 4

What Happened

• Duchscher Reed, a director of Funko, received two equity awards on June 3, 2026: 14,368 restricted stock units (RSUs) and 21,445 option-related awards (total 35,813 units). Both entries are reported as acquisitions at $0.00 (no cash paid at grant) and are recorded as derivative securities in the Form 4.

Key Details

• Transaction date: June 3, 2026; Form 4 filed June 5, 2026 (timely within reporting window).
• Award amounts: 14,368 RSUs and 21,445 option units (35,813 total).
• Price: $0.00 per unit at grant (standard for awards; no immediate purchase price).
• Vesting/exercise schedule: RSUs vest on June 3, 2027; the option award vests and becomes exercisable on June 3, 2027, both subject to continued service (see footnotes F1 and F2).
• Shares owned after transaction: Not specified in the provided filing details.
• Filing status: Not marked late.

Context

• RSUs give Reed a contingent right to receive one share per RSU (or, at Funko’s election, a cash equivalent) when they vest; they do not represent immediately transferable shares. The option award will vest in one year and then can be exercised per the plan terms. These are grants (compensation/retention), not open-market purchases or sales, so they reflect awarded equity rather than a direct buy or sell signal.