FUNKO CEO Josh Simon Sells $1.1M in Stock, Halving His Stake

Funko (FNKO) chief executive Josh Simon sold 181,893 Class A common shares in open-market transactions on 3 September, according to a Form 4 filed with the Securities and Exchange Commission. The combined value of the sales was roughly $1,053,132.

The disposals came in two tranches. The first covered 45,548 shares at $5.8654 apiece, after which 287,785 shares were held. The second covered 136,345 shares at $5.7646, leaving 151,440 shares in the reporting person's name.

That sequence means the holding shrank by more than half in a single day. The filing lists Simon in his dual capacity as a director and as chief executive officer of the toy and collectibles maker.

Both transactions carry the code S, which in Form 4 terminology denotes an open-market sale. That distinguishes them from the routine compensation codes A, M and F, which cover grants, option exercises and shares withheld for tax, and from code P, an open-market purchase.

A Form 4 records only the change in beneficial ownership. It gives no reason for the sale, and the filing does not say whether the transactions were made under a pre-arranged trading plan.

For investors, the disclosure is a data point on insider positioning at a company whose shares changed hands below $6 in the reported transactions. It carries no information about Funko's operations or outlook.

This is a factual summary of a public filing or press release, not investment advice. Verify all figures against the source before acting on them.