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Funko, Inc. (NASDAQ:FNKO) Chief Financial Officer Yves Le Pendeven sold 795 shares of Class A Common Stock on August 11, 2025, at a price of $2.5911, for a total value of $2,059. The pop culture collectibles company, currently valued at $150.6 million, has seen its stock decline significantly, with a 70% drop over the past year according to InvestingPro data.
According to a Form 4 filing with the Securities and Exchange Commission, the shares were sold at prices ranging from $2.54 to $2.63. The sale was to cover taxes upon the vesting of restricted stock units, pursuant to a Rule 10b5-1 sell to cover instruction dated June 14, 2023. The transaction comes as the company faces financial challenges, with InvestingPro analysis showing a significant debt burden of $331.2 million and short-term obligations exceeding liquid assets.
On August 8, Le Pendeven also exercised options to acquire 2,950 shares of Class A Common Stock. These options were related to Restricted Stock Units, with each unit representing a contingent right to receive one share of Class A Common Stock. For deeper insights into Funko’s financial health and detailed analysis, investors can access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Funko Inc . reported its second-quarter 2025 earnings, which did not meet analyst expectations. The company announced an earnings per share (EPS) of $0.48, which was a significant 250% surprise compared to the expected $-0.32. Revenue for the quarter was $193.5 million, falling short of the forecasted $203.21 million, marking a 4.78% shortfall. Additionally, DA Davidson lowered its price target for Funko to $5.00 from $7.00, although it maintained a Buy rating on the stock. This adjustment was attributed to the impact of tariffs and unfavorable expense comparisons.
Furthermore, Funko appointed Josh Simon as its new Chief Executive Officer and Class II director, effective September 1, 2025. Simon, who previously served as Vice President of Global Consumer Products at Netflix (NASDAQ:NFLX), will succeed Interim CEO Mike Lunsford. During his tenure at Netflix, Simon managed the global merchandise business and launched the company’s first e-commerce platform for consumer products.
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