ACON Equity GenPar, L.L.C. - Jun 11, 2021 Form 4 Insider Report for Funko, Inc. (FNKO)

Signature
/s/ Teresa Bernstein, Attorney-in-fact
Stock symbol
FNKO
Transactions as of
Jun 11, 2021
Transactions value $
-$5,118,042
Form type
4
Date filed
6/15/2021, 09:04 PM
Next filing
Jun 21, 2021

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 +67.2K 67.2K Jun 11, 2021 By ACON Funko Investors, L.L.C. F1, F2, F3
transaction FNKO Class A Common Stock Sale -$1.57M -67.2K -100% $23.38 0 Jun 11, 2021 By ACON Funko Investors, L.L.C. F2, F3, F4, F5
transaction FNKO Class A Common Stock Sale -$744K -31.8K -0.76% $23.38 4.18M Jun 11, 2021 By ACON Funko Investors Holdings 1, L.L.C. F2, F3, F4, F5
transaction FNKO Class A Common Stock Sale -$314K -13.4K -0.76% $23.38 1.76M Jun 11, 2021 By ACON Funko Investors Holdings 2.5, L.L.C. F2, F3, F4, F5
transaction FNKO Class A Common Stock Sale -$876K -37.5K -0.76% $23.38 4.92M Jun 11, 2021 By ACON Funko Investors Holdings 3.5, L.L.C. F2, F3, F4, F5
transaction FNKO Class A Common Stock Sale -$842 -36 -0.23% $23.38 15.6K Jun 11, 2021 By ACON Funko Manager, L.L.C. F2, F3, F4, F5
transaction FNKO Class B Common Stock Disposed to Issuer -67.2K -0.76% 8.81M Jun 11, 2021 By ACON Funko Investors, L.L.C. F2, F3, F6, F7
transaction FNKO Class A Common Stock Conversion of derivative security +14.1K 14.1K Jun 14, 2021 By ACON Funko Investors, L.L.C. F1, F2, F3
transaction FNKO Class A Common Stock Sale -$319K -14.1K -100% $22.58 0 Jun 14, 2021 By ACON Funko Investors, L.L.C. F2, F3, F4, F8
transaction FNKO Class A Common Stock Sale -$151K -6.69K -0.16% $22.58 4.17M Jun 14, 2021 By ACON Funko Investors Holdings 1, L.L.C. F2, F3, F4, F8
transaction FNKO Class A Common Stock Sale -$63.7K -2.82K -0.16% $22.58 1.76M Jun 14, 2021 By ACON Funko Investors Holdings 2.5, L.L.C. F2, F3, F4, F8
transaction FNKO Class A Common Stock Sale -$178K -7.88K -0.16% $22.58 4.91M Jun 14, 2021 By ACON Funko Investors Holdings 3.5, L.L.C. F2, F3, F4, F8
transaction FNKO Class A Common Stock Sale -$158 -7 -0.04% $22.58 15.6K Jun 14, 2021 By ACON Funko Manager, L.L.C. F2, F3, F4, F8
transaction FNKO Class B Common Stock Disposed to Issuer -14.1K -0.16% 8.8M Jun 14, 2021 By ACON Funko Investors, L.L.C. F2, F3, F6, F7
transaction FNKO Class A Common Stock Conversion of derivative security +4.11K 4.11K Jun 14, 2021 By ACON Funko Investors, L.L.C. F1, F2, F3
transaction FNKO Class A Common Stock Sale -$96.5K -4.11K -100% $23.47 0 Jun 14, 2021 By ACON Funko Investors, L.L.C. F2, F3, F4, F9
transaction FNKO Class A Common Stock Sale -$45.7K -1.95K -0.05% $23.47 4.17M Jun 14, 2021 By ACON Funko Investors Holdings 1, L.L.C. F2, F3, F4, F9
transaction FNKO Class A Common Stock Sale -$19.3K -821 -0.05% $23.47 1.76M Jun 14, 2021 By ACON Funko Investors Holdings 2.5, L.L.C. F2, F3, F4, F9
transaction FNKO Class A Common Stock Sale -$53.8K -2.29K -0.05% $23.47 4.91M Jun 14, 2021 By ACON Funko Investors Holdings 3.5, L.L.C. F2, F3, F4, F9
transaction FNKO Class A Common Stock Sale -$70 -3 -0.02% $23.47 15.6K Jun 14, 2021 By ACON Funko Manager, L.L.C. F2, F3, F4, F9
transaction FNKO Class B Common Stock Disposed to Issuer -4.11K -0.05% 8.8M Jun 14, 2021 By ACON Funko Investors, L.L.C. F2, F3, F6, F7
transaction FNKO Class A Common Stock Conversion of derivative security +13.6K 13.6K Jun 15, 2021 By ACON Funko Investors, L.L.C. F1, F2, F3
transaction FNKO Class A Common Stock Sale -$306K -13.6K -100% $22.57 0 Jun 15, 2021 By ACON Funko Investors, L.L.C. F2, F3, F4, F10
transaction FNKO Class A Common Stock Sale -$145K -6.43K -0.15% $22.57 4.16M Jun 15, 2021 By ACON Funko Investors Holdings 1, L.L.C. F2, F3, F4, F10
transaction FNKO Class A Common Stock Sale -$61.2K -2.71K -0.15% $22.57 1.75M Jun 15, 2021 By ACON Funko Investors Holdings 2.5, L.L.C. F2, F3, F4, F10
transaction FNKO Class A Common Stock Sale -$171K -7.57K -0.15% $22.57 4.9M Jun 15, 2021 By ACON Funko Investors Holdings 3.5, L.L.C. F2, F3, F4, F10
transaction FNKO Class A Common Stock Sale -$158 -7 -0.04% $22.57 15.6K Jun 15, 2021 By ACON Funko Manager, L.L.C. F2, F3, F4, F10
transaction FNKO Class B Common Stock Disposed to Issuer -13.6K -0.15% 8.78M Jun 15, 2021 By ACON Funko Investors, L.L.C. F2, F3, F6, F7

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 of Funko Acquisition Holdings, L.L.C. Conversion of derivative security -67.2K -0.76% 8.81M Jun 11, 2021 Class A common stock 67.2K By ACON Funko Investors, L.L.C. F2, F3, F11
transaction FNKO Common Units of Funko Acquisition Holdings, L.L.C. Conversion of derivative security -18.2K -0.21% 8.8M Jun 14, 2021 Class A common stock 18.2K By ACON Funko Investors, L.L.C. F2, F3, F11
transaction FNKO Common Units of Funko Acquisition Holdings, L.L.C. Conversion of derivative security -13.6K -0.15% 8.78M Jun 15, 2021 Class A common stock 13.6K By ACON Funko Investors, L.L.C. F2, F3, F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the redemption by the Issuer of common units of Funko Acquisition Holdings, L.L.C. in exchange for newly-issued shares of Class A common stock on a one-for-one basis.
F2 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. ACON Equity GenPar, L.L.C. is the sole managing member of, and exercises voting and investment power over shares held by, each of ACON Funko Investors Holdings 2.5, L.L.C. and ACON Funko Investors Holdings 3.5, L.L.C.
F3 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. Voting and investment decisions at ACON Equity GenPar, L.L.C. are made by an investment committee, 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 Securities Exchange Act of 1934, as amended (the "Exchange Act"), each 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.
F4 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on May 11, 2021.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.20 to $23.53, 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 footnotes (5), (8), (9) and (10) to this Form 4.
F6 The shares of Class B common stock (i) confer no incidents of economic ownership on the holders thereof, (ii) only confer voting rights on the holders thereof and (iii) may only be issued, on a one-for-one basis, to the permitted holders of common units of Funko Acquisition Holdings, L.L.C.
F7 Reflects the cancellation for no consideration of a number of shares of Class B common stock equal to the number of common units of Funko Acquisition Holdings, L.L.C. redeemed by the Issuer pursuant to their terms in connection with the redemption.
F8 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $22.29 to $23.28, inclusive.
F9 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.29 to $23.53, inclusive.
F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $22.18 to $23.02, inclusive.
F11 At the request of the holder, the common units may be redeemed for, at the Issuer's election, newly-issued shares of Class A common stock on a one-for-one basis or a cash payment equal to a volume weighted average market price of one share of Class A common stock for each common unit redeemed.