This Morpheus vinyl figure is released by Funko in their POP! Movies x The Matrix: Resurrections vinyl figure series.
Funko POP! is a crossover vinyl figure series by Funko and other famous franchises such as Disney, Pixar, DC Comics, Marvel Comics, Simpsons, South Park, Uglydoll, etc. Each POP! figure is about ~3" to ~5" tall and crafted in a Japanese anime/manga super-deformed style (NOTE: due to the unique design of each character, the actual size of the figures may be smaller or bigger than stated).
The POP! Movies x The Matrix: Resurrections series features characters from the 2021 American science fiction action film that is the fourth installment of the film franchise. The film is set sixty years after Revolutions and follows Neo, who lives a seemingly ordinary life as a video game developer having trouble with distinguishing fantasy from reality. A group of rebels, with the help of a programmed version of Morpheus, free Neo from a new version of the Matrix and fight a new enemy that holds Trinity captive.