Fund 1 Investments, LLC Increases Stake in Funko, Inc. to 9.77%

Fund 1 Investments, LLC filed an amendment to Schedule 13D regarding its holdings in Funko, Inc. (FNKO). As of April 16, 2026, the reporting person beneficially owns 5,415,798 shares of Class A Common Stock, representing approximately 9.77% of the class. This reflects an increase from the previously reported 5,265,798 shares (9.5%). Recent transactions include the purchase of 100,000 shares at $3.3918 on March 20, 2026, and 50,000 shares at $3.8636 on April 15, 2026. Beyond direct ownership, the reporting person maintains significant economic exposure through cash-settled total return swaps covering 4,599,919 notional shares (approx. 8.30%) and various cash-settled call options with a $5.00 exercise price expiring between April and May 2026. The shares were acquired using working capital, with an aggregate purchase price of approximately $42.44 million. Fund 1 Investments, LLC holds sole voting and dispositive power over the reported shares.