Brian Richard Mariotti - May 6, 2022 Form 4 Insider Report for Funko, Inc. (FNKO)

Role: CHIEF CREATIVE OFFICER, Director
Signature: /s/ Tracy Daw, as Attorney-in-Fact for Brian Richard Mariotti
Stock symbol: FNKO
Transactions as of: May 6, 2022
Transactions value $: -$4,476,796
Form type: 4
Date filed: 5/10/2022, 09:00 PM
Previous filing: May 3, 2022
Next filing: Jun 30, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FNKO	Class A Common Stock	Conversion of derivative security	$0	+225K	+257.36%	$0.00	312K	May 6, 2022	Direct	F1
transaction	FNKO	Class B Common Stock	Disposed to Issuer	$0	-225K	-18.12%	$0.00	1.02M	May 6, 2022	Direct	F2, F3
transaction	FNKO	Class A Common Stock	Sale	-$1.8M	-92.4K	-29.58%	$19.47	220K	May 6, 2022	Direct	F4, F5
transaction	FNKO	Class A Common Stock	Sale	-$2.68M	-133K	-60.26%	$20.20	87.4K	May 6, 2022	Direct	F4, F6

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	Common Units	Conversion of derivative security	$0	-225K	-11.84%	$0.00	1.68M	May 6, 2022	Class A Common Stock	225K		Direct	F1

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

Explanation of Responses:

Id	Content
F1	Common Units of Funko Acquisition Holdings, L.L.C. ("Common Units") may be redeemed by the Reporting Person at any time for Class A common stock of Funko, Inc. (the "Issuer"), par value $0.0001 per share ("Class A Shares"), on a 1-to-1 basis. The Common Units are fully vested and have no expiration date.
F2	Reflects the cancellation for no consideration of a number of shares of Class B Common Stock of the Issuer, par value $0.0001 per share, in connection with the redemption by the Reporting Person of an equal number of Common Units for Class A Shares.
F3	On May 3, 2022, the common units of Funko Acquisition Holdings, L.L.C. were recapitalized through a reverse unit split, which resulted in the cancellation of approximately 0.9 million outstanding shares of the Issuer's Class B common stock in accordance with the Issuer's amended and restated certificate of incorporation (the "Recapitalization"). As a result of the Recapitalization, the common units and shares of Class B common stock beneficially owned by the Reporting Person were reduced by 195,993 and 128,046, respectively.
F4	The sales reported in this Form 4 were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
F5	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.70 to $19.69, 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.
F6	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.70 to $20.53, 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.