Fund 1 Investments, LLC Trims Position in Funko, Inc. to 9.41%

On June 18, 2026, Fund 1 Investments, LLC filed an amendment to its Schedule 13D regarding its holdings in Funko, Inc. (FNKO). The filing reports that as of June 12, 2026, the reporting person beneficially owns 5,257,086 shares of Class A Common Stock, representing approximately 9.41% of the outstanding shares. This reflects a decrease from the previously reported 5,415,798 shares (9.77%). The shares were acquired using working capital for an aggregate purchase price of approximately $41,723,700. The reporting person engaged in numerous transactions between May 7, 2026, and June 17, 2026, including both significant sales and strategic purchases. Notable activity included a sale of 436,390 shares on May 8 and a purchase of 350,620 shares on May 11. Additionally, the reporting person holds cash-settled total return swap agreements providing economic exposure to an additional 5,248,201 notional shares (9.40%), though these swaps do not grant voting or dispositive power. Fund 1 Investments maintains sole voting and dispositive power over the 5,257,086 shares directly held.