Jesse Jacobs - 19 May 2023 Form 4 Insider Report for Funko, Inc. (FNKO)

Role: Director
Signature: /s/ Jesse Jacobs
Issuer symbol: FNKO
Transactions as of: 19 May 2023
Net transactions value: $0
Form type: 4
Filing time: 23 May 2023, 21:33:14 UTC
Previous filing: 23 May 2023
Next filing: 26 May 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FNKO	Class A Common Stock	Options Exercise	$0	+95		$0.000000	95	19 May 2023	Direct	F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	FNKO	Restricted Stock Units	Options Exercise	$0	-95	-100%	$0.000000^*	0	19 May 2023	Class A Common Stock	95		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
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. The RSUs reported here were granted to the reporting person on May 19, 2022 as compensation for his service on the Issuer's board of directors and were held by the reporting person for the benefit of TCG Capital Management, LP ("TCG"). Such RSUs vested on May 19, 2023, and the shares of Class A Common Stock received upon vesting and reported here are held by the reporting person for the benefit of TCG.
F2	The reporting person was granted 95 RSUs as compensation for his service on the Issuer's board of directors and were held by the reporting person for the benefit of TCG. Pursuant to a Stockholders Agreement with the Issuer, TCG and its affiliates have the right to nominate up to two directors to the Issuer's board of directors, subject to certain ownership thresholds. The reporting person serves on the Issuer's board of directors pursuant to this right. The reporting person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein and this report shall not be deemed an admission that he is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

Content

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. The RSUs reported here were granted to the reporting person on May 19, 2022 as compensation for his service on the Issuer's board of directors and were held by the reporting person for the benefit of TCG Capital Management, LP ("TCG"). Such RSUs vested on May 19, 2023, and the shares of Class A Common Stock received upon vesting and reported here are held by the reporting person for the benefit of TCG.

The reporting person was granted 95 RSUs as compensation for his service on the Issuer's board of directors and were held by the reporting person for the benefit of TCG. Pursuant to a Stockholders Agreement with the Issuer, TCG and its affiliates have the right to nominate up to two directors to the Issuer's board of directors, subject to certain ownership thresholds. The reporting person serves on the Issuer's board of directors pursuant to this right. The reporting person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein and this report shall not be deemed an admission that he is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.