ACON Funko Manager, L.L.C. - Mar 25, 2022 Form 4 Insider Report for Funko, Inc. (FNKO)

Role: Director, 10%+ Owner
Signature: /s/ Teresa Bernstein, Attorney-in-fact
Stock symbol: FNKO
Transactions as of: Mar 25, 2022
Transactions value $: $34,220
Form type: 4
Date filed: 3/29/2022, 07:26 PM
Previous filing: Jun 8, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FNKO	Class A Common Stock	Options Exercise	$34.2K	+5.9K		$5.80	5.9K	Mar 25, 2022	See footnote	F1, F2
holding	FNKO	Class A Common Stock						3.5M	Mar 25, 2022	By ACON Funko Investors Holdings 1, L.L.C	F3, F4
holding	FNKO	Class A Common Stock						14K	Mar 25, 2022	Direct

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	Stock Option (Right to Buy)	Options Exercise	$0	-5.9K	-100%	$0.00^*	0	Mar 25, 2022	Class A common stock	5.9K	$5.80	See footnote	F1, F2, F5

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

Explanation of Responses:

Id	Content
F1	Represents a stock option to purchase 5,900 shares of the Issuer's Class A common stock held by Gino Dellomo, who, at the time of vesting, served on the Issuer's board of directors as the Reporting Person's representative. The stock option vested in full on May 27, 2021.
F2	Mr. Dellomo has an agreement with the Reporting Person pursuant to which he holds the reported securities for the benefit of the Reporting Person. Accordingly, Mr. Dellomo disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, if any, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or any other purpose. The grant and exercise of such securities are exempt from Schedule 16(b) pursuant to Rule 16b-3(d) and Rule 16b-6(b), respectively, under the Exchange Act.
F3	ACON Funko Manager, L.L.C. is (x) the sole manager of, and exercises voting and investment power over shares held by, ACON Funko Investors, L.L.C. and (y) the sole managing member of, and exercises voting and investment power over shares held by, ACON Funko Investors Holdings 1, L.L.C.
F4	Voting and investment decisions at ACON Funko Manager, L.L.C. are made by a board of managers, the members of which are Bernard Aronson, Kenneth Brotman, Jonathan Ginns, Daniel Jinich, Andre Bhatia and Aron Schwartz. Pursuant to Rule 16a-1(a)(4) under the Exchange Act, the Reporting Person disclaims beneficial ownership of these securities except to the extent of its respective pecuniary interest therein, if any, and the inclusion of these shares in their report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 of the Exchange Act or any other purpose.
F5	Pursuant to the award agreement, the stock option will expire on May 27, 2030 unless earlier forfeited. Mr. Dellomo resigned from the Issuer's board of directors effective January 3, 2022. As a result, the stock option was subject to forfeiture if not exercised by April 3, 2022.