Funko, Inc. NASDAQ:FNKO reported insider activity this month as Chief Financial Officer Yves Le Pendeven executed two stock sales tied to the vesting of restricted stock units. The CFO disposed of a combined 6,031 shares of Class A Common Stock - 3,199 shares on March 13, 2026, and 2,832 shares on March 16, 2026 - in transactions described as sell-to-cover trades intended to meet tax obligations arising from RSU vesting.
The March 13 sale carried a weighted average price of $4.1448 per share, with execution prices ranging from $4.12 to $4.27. The March 16 transaction had a weighted average price of $3.7381 per share and execution prices ranging from $3.66 to $3.92. Combined, the two sales amounted to approximately $23,845.
These sell-to-cover trades were carried out pursuant to a Rule 10b5-1 sell-to-cover instruction dated June 14, 2023, and were explicitly to fund taxes upon the vesting of restricted stock units. In conjunction with the sales, Le Pendeven also received shares via RSU vesting: 9,767 shares on March 12 and 8,400 shares on March 13, each recorded at a price of $0 upon vesting.
The insider activity took place against a backdrop of recent price pressure for Funko's shares. The stock declined nearly 15% over the prior week and was trading at $3.85 at the time of reporting. An InvestingPro analysis noted that the stock appears undervalued at current levels and referenced additional insights available through its Pro Research Report.
Separately, Funko released its fourth-quarter fiscal 2025 results that presented a mixed financial picture. The company reported earnings per share of $0.05, narrowly beating the expectation of $0.04. Revenue for the quarter measured $273.1 million, below the forecast of $280.24 million but above the Visible Alpha Consensus figure of $261 million.
Analysts responded to the quarterly results with a range of target revisions. Goldman Sachs raised its price target to $4.00 while retaining a Neutral rating. Texas Capital Securities increased its target to $6.50 and kept a Buy rating. D.A. Davidson reiterated its Buy rating and set a $5.00 price target, calling attention to the company’s margin outlook.
Collectively, the insider sell-to-cover transactions, the recent RSU vesting, and the mixed quarterly metrics provide a concise record of mid-March activity for Funko. All reported sales were for the stated purpose of covering tax liabilities stemming from RSU vesting and were executed under an existing Rule 10b5-1 instruction dated June 14, 2023.