ROKU Form 4: CEO Grants Totaling 140,701 RSUs and 239,174 Options

Rhea-AI Filing Summary

Anthony J. Wood, CEO and Chairman of Roku, filed a Form 4 reporting equity awards granted on 08/15/2025. The filing shows 140,701 Restricted Stock Units (RSUs) (5,638 and 135,063) and 239,174 employee stock options (9,567 and 229,607) were acquired, with exercise price for the options at $90.29. The RSUs and options are subject to multi-period vesting: the smaller RSU vests in 4 quarterly installments, the larger RSU in 12 quarterly installments, the smaller option in 12 monthly installments and the larger option in 36 monthly installments, with first vesting dates in Q4 2025. The report was signed by attorney-in-fact Renee Strandness on 08/19/2025.

Positive

• Clear disclosure of award quantities, strike price, and vesting schedules providing transparency to investors
• Staggered vesting spreads potential dilution over time, aligning incentives and retention

Negative

• Potential dilution from 379,875 total underlying shares (RSUs plus options) will occur as awards vest and options are exercised
• Form lacks grant-date fair value, preventing calculation of immediate compensation expense or exact shareholder impact from this filing alone

Insights

Financial Analyst

TL;DR CEO Anthony Wood received sizable equity awards on 08/15/2025, combining RSUs and options that vest over 1–3 years.

The awards total 140,701 RSUs and 239,174 options with a $90.29 exercise price. Vesting schedules begin between October and November 2025, spreading dilution over time rather than immediate issuance. For valuation context, the filing discloses quantities and strike price but does not include grant-date fair value or company market capitalization, so precise dilutive impact cannot be calculated from this document alone.

Corporate Governance Expert

TL;DR The Form 4 documents routine executive equity compensation with staggered vesting; it is a governance disclosure, not a market-moving event by itself.

The filing clearly describes vesting cadence: RSUs vest quarterly and options vest monthly across 1–3 years, aligning with retention-focused compensation practices. The report identifies the reporting person as CEO and 10% owner, which is material for oversight, but the form contains no additional governance changes, insider sales, or unusual transfer mechanics.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Wood Anthony J.

(Last) (First) (Middle)

C/O ROKU, INC., 1173 COLEMAN AVE.

(Street)

SAN JOSE CA 95110

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ROKU, INC [ ROKU ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	CEO and Chairman BOD

3. Date of Earliest Transaction (Month/Day/Year)
08/15/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Unit	(1)	08/15/2025		A		5,638		(2)	(2)	Class A Common Stock	5,638	$0.00	5,638	D
Restricted Stock Unit	(1)	08/15/2025		A		135,063		(3)	(3)	Class A Common Stock	135,063	$0.00	135,063	D
Employee Stock Option (right to buy)	$90.29	08/15/2025		A		9,567		(4)	08/14/2035	Class A Common Stock	9,567	$0.00	9,567	D
Employee Stock Option (right to buy)	$90.29	08/15/2025		A		229,607		(5)	08/14/2035	Class A Common Stock	229,607	$0.00	229,607	D

Explanation of Responses:

1. Each RSU represents a contingent right to receive one share of Class A Common Stock of the Issuer.

2. This RSU vest in 4 substantially equal quarterly installments. The first installment vests on November 15, 2025.

3. This RSU vests in 12 substantially equal quarterly installments. The first installment vests on November 15, 2025.

4. This stock option vests in 12 substantially equal monthly installments. The first installment vests on October 1, 2025.

5. This stock option vests in 36 substantially equal monthly installments. The first installment vests on October 1, 2025.

	/s/ Renee Strandness, attorney-in-fact	08/19/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What did Anthony J. Wood (ROKU) report on Form 4 dated 08/15/2025?

The filing reports acquisition of 140,701 RSUs and 239,174 employee stock options with an option exercise price of $90.29.

When do the reported RSUs and options begin vesting?

First RSU installments vest on November 15, 2025; first option installments become exercisable on October 1, 2025, per the filing.

How are the RSUs and options scheduled to vest?

One RSU grant vests in 4 quarterly installments, the other in 12 quarterly installments; one option grant vests in 12 monthly installments and the other in 36 monthly installments.

What is the total number of underlying shares reported in this Form 4?

The filing shows 140,701 shares from RSUs and 239,174 underlying shares from options, totaling 379,875 shares.

Who signed the Form 4 and when was it signed?

The form was signed by attorney-in-fact Renee Strandness on 08/19/2025.