Roku VP Banks sells shares after RSU vesting
ROKU, INC VP and Chief Accounting Officer Matthew C. Banks reported routine equity compensation activity and a small share sale.
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Form Type
4
Rhea-AI Filing Summary
ROKU, INC VP and Chief Accounting Officer Matthew C. Banks reported routine equity compensation activity and a small share sale. On June 1, 2026, restricted stock units vested into 4,067 shares of Class A Common Stock. Of these, 2,018 shares were withheld to satisfy income tax obligations tied to the vesting. On June 2, 2026, Banks sold 546 shares at $127.26 per share in an open-market transaction under a pre-arranged Rule 10b5-1 trading plan, and he directly held 7,725 shares after the sale.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
7 txns
Insider
Banks Matthew C.
Role
VP, CAO
Sold
546 shs ($69K)
Approx. gross sale proceeds
$69K
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 546 | $127.26 | $69K |
| Exercise | Restricted Stock Unit | 1,249 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit | 828 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit | 1,202 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit | 788 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 4,067 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 2,018 | $129.03 | $260K |
Holdings After Transaction:
Restricted Stock Unit — 16,426 contracts (Direct);
Class A Common Stock — 7,725 shares (Direct)
Footnotes (7)
- F1. Represents shares that have been withheld by the Issuer to satisfy income tax withholding and remittance obligations in connection with the vesting of certain RSU awards on June 1, 2026.
- F2. Shares sold pursuant to Mr. Banks' 10b5-1 plan.
- F3. Each RSU represents a contingent right to receive one share of Class A Common Stock of the Issuer.
- F4. This RSU vests in fifteen substantially equal quarterly installments. The first installment vested on June 1, 2023.
- F5. This RSU vests in twelve substantially equal quarterly installments. The first installment vested on November 15, 2023.
- F6. This RSU vests in twelve substantially equal quarterly installments. The first installment vested on November 15, 2024.
- F7. This RSU vests in twelve substantially equal quarterly installments. The first installment vested on November 15, 2025 (or the next business day).
Key Figures
Open-market sale: 546 shares at $127.26
RSU vesting: 4,067 shares
Tax withholding shares: 2,018 shares at $129.03
+3 more
6 metrics
Open-market sale
546 shares at $127.26
Class A Common Stock sold on June 2, 2026
RSU vesting
4,067 shares
Shares received from RSU vesting on June 1, 2026
Tax withholding shares
2,018 shares at $129.03
Shares withheld to satisfy income tax obligations
Post-transaction holdings
7,725 shares
Directly owned Class A shares after June 2, 2026 sale
Net buy/sell shares
-546 shares
Net sell direction from transaction summary
Tax-related disposition
2,018 shares
Tax-withholding disposition categorized under code F
Key Terms
Rule 10b5-1 plan, Restricted Stock Unit, tax-withholding disposition, open-market sale, +1 more
5 terms
Rule 10b5-1 plan regulatory
"Shares sold pursuant to Mr. Banks' 10b5-1 plan."
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
Restricted Stock Unit financial
"Each RSU represents a contingent right to receive one share of Class A Common Stock"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
open-market sale financial
"Sale in open market or private transaction"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Class A Common Stock financial
"Each RSU represents a contingent right to receive one share of Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Roku (ROKU) report for Matthew C. Banks?
Roku VP and CAO Matthew C. Banks reported RSU vesting into 4,067 Class A shares, tax withholding of 2,018 shares, and an open-market sale of 546 shares at $127.26. These transactions reflect routine equity compensation and limited share disposition.
What Roku (ROKU) restricted stock units vested for Matthew C. Banks?
On June 1, 2026, restricted stock units for Matthew C. Banks vested into 4,067 shares of Roku Class A Common Stock. These RSUs represent contingent rights to receive one share each and vest in substantially equal quarterly installments under several long-term incentive awards.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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