Filing Details
- Accession Number:
- 0001062993-22-010152
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2022-04-12 21:35:51
- Reporting Period:
- 2022-04-08
- Accepted Time:
- 2022-04-12 21:35:51
- SEC Url:
- Form 4 Filing
Issuer
Cik | Name | Symbol | Sector (SIC) | IRS No |
---|---|---|---|---|
1704711 | Funko Inc. | FNKO | Games, Toys & Children's Vehicles (No Dolls & Bicycles) (3944) | 000000000 |
Insiders
Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
---|---|---|---|---|---|---|---|
1719473 | R. Kenneth Brotman | C/O Acon Investments, L.l.c. 1133 Connecticut Ave., Nw, Suite 700 Washington DC 20036 | Yes | No | No | No |
Reported Non-Derivative Transactions
Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|---|---|---|---|---|---|
Class A Common Stock | Acquisiton | 2022-04-08 | 23,468 | $0.00 | 23,468 | No | 4 | C | Indirect | By ACON Funko Investors, L.L.C. |
Class A Common Stock | Disposition | 2022-04-08 | 23,468 | $18.12 | 0 | No | 4 | S | Indirect | By ACON Funko Investors, L.L.C. |
Class A Common Stock | Disposition | 2022-04-08 | 11,117 | $18.12 | 3,478,839 | No | 4 | S | Indirect | By ACON Funko Investors Holdings 1, L.L.C. |
Class A Common Stock | Disposition | 2022-04-08 | 4,687 | $18.12 | 1,466,841 | No | 4 | S | Indirect | By ACON Funko Investors Holdings 2.5, L.L.C. |
Class A Common Stock | Disposition | 2022-04-08 | 13,086 | $18.12 | 4,095,234 | No | 4 | S | Indirect | By ACON Funko Investors Holdings 3.5, L.L.C. |
Class A Common Stock | Disposition | 2022-04-08 | 44 | $18.12 | 13,884 | No | 4 | S | Indirect | By ACON Funko Manager, L.L.C. |
Class B Common Stock | Disposition | 2022-04-08 | 23,468 | $0.00 | 7,343,882 | No | 4 | D | Indirect | By ACON Funko Investors, L.L.C. |
Class A Common Stock | Acquisiton | 2022-04-12 | 44,472 | $0.00 | 44,472 | No | 4 | C | Indirect | By ACON Funko Investors, L.L.C. |
Class A Common Stock | Disposition | 2022-04-12 | 44,472 | $18.01 | 0 | No | 4 | S | Indirect | By ACON Funko Investors, L.L.C. |
Class A Common Stock | Disposition | 2022-04-12 | 21,067 | $18.01 | 3,457,772 | No | 4 | S | Indirect | By ACON Funko Investors Holdings 1, L.L.C. |
Class A Common Stock | Disposition | 2022-04-12 | 8,883 | $18.01 | 1,457,958 | No | 4 | S | Indirect | By ACON Funko Investors Holdings 2.5, L.L.C. |
Class A Common Stock | Disposition | 2022-04-12 | 24,800 | $18.01 | 4,070,434 | No | 4 | S | Indirect | By ACON Funko Investors Holdings 3.5, L.L.C. |
Class A Common Stock | Disposition | 2022-04-12 | 84 | $18.01 | 13,800 | No | 4 | S | Indirect | By ACON Funko Manager, L.L.C. |
Class B Common Stock | Disposition | 2022-04-12 | 44,472 | $0.00 | 7,299,410 | No | 4 | D | Indirect | By ACON Funko Investors, L.L.C. |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | C | Indirect | By ACON Funko Investors, L.L.C. |
No | 4 | S | Indirect | By ACON Funko Investors, L.L.C. |
No | 4 | S | Indirect | By ACON Funko Investors Holdings 1, L.L.C. |
No | 4 | S | Indirect | By ACON Funko Investors Holdings 2.5, L.L.C. |
No | 4 | S | Indirect | By ACON Funko Investors Holdings 3.5, L.L.C. |
No | 4 | S | Indirect | By ACON Funko Manager, L.L.C. |
No | 4 | D | Indirect | By ACON Funko Investors, L.L.C. |
No | 4 | C | Indirect | By ACON Funko Investors, L.L.C. |
No | 4 | S | Indirect | By ACON Funko Investors, L.L.C. |
No | 4 | S | Indirect | By ACON Funko Investors Holdings 1, L.L.C. |
No | 4 | S | Indirect | By ACON Funko Investors Holdings 2.5, L.L.C. |
No | 4 | S | Indirect | By ACON Funko Investors Holdings 3.5, L.L.C. |
No | 4 | S | Indirect | By ACON Funko Manager, L.L.C. |
No | 4 | D | Indirect | By ACON Funko Investors, L.L.C. |
Reported Derivative Transactions
Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
---|---|---|---|---|---|---|---|
Class A Common Stock | Common Units of Funko Acquisition Holdings, L.L.C. | Disposition | 2022-04-08 | 23,468 | $0.00 | 23,468 | $0.00 |
Class A Common Stock | Common Units of Funko Acquisition Holdings, L.L.C. | Disposition | 2022-04-12 | 44,472 | $0.00 | 44,472 | $0.00 |
Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
---|---|---|---|---|---|---|
7,343,882 | No | 4 | C | Indirect | ||
7,299,410 | No | 4 | C | Indirect |
Reported Non-Derivative Holdings
Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
---|---|---|---|
Class A Common Stock | 5,900 | Indirect | By ACON Funko Manager, L.L.C. |
Footnotes
- 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.
- 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. 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.
- The Reporting Person is employed by an affiliate of ACON Funko Manager, L.L.C. and ACON Equity GenPar, L.L.C., and may be deemed to beneficially own securities owned by them. Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), the Reporting Person 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 Exchange Act or any other purpose.
- The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on December 10, 2021.
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.11 to $18.28, 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) and (8) to this Form 4.
- 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.
- 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.
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.00 to $18.07, inclusive.
- Gino Dellomo, a former director of the Issuer, has an agreement with ACON Funko Manager, L.L.C. pursuant to which he holds the reported securities for the benefit of ACON Funko Manager, L.L.C. 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 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.
- 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.