[Form 4] Roku, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Dillard’s, Inc. (DDS) filed an amended Form 4 to correct a clerical error in an earlier insider-trading report for CEO and Chairman William T. Dillard II. The revised filing shows that on 06/30/2025 Mr. Dillard acquired 27 shares of DDS Class A common stock at $413.32 per share, increasing his direct holdings to 897,000 shares. The prior Form 4 had mistakenly stated 897,900 shares. No derivative security transactions were reported, and the filing contains no other changes to ownership structure or executive compensation.

The amendment merely lowers the reported post-transaction ownership by 900 shares (≈0.1% of his stake) and does not signal any strategic shift or material impact on corporate governance or capital structure. Overall, the disclosure is administrative and has limited investment significance beyond confirming the CEO’s substantial equity alignment.

Insights

Securities Analyst

TL;DR: Minor clerical correction; negligible market impact.

The amendment corrects the CEO’s share count, reducing it by 900 shares to 897,000 after a small 27-share purchase. At roughly 0.6% of DDS’s Class A shares outstanding, Mr. Dillard’s total stake remains largely unchanged. Because the adjustment is immaterial to float and the purchase size ($11,160) is trivial relative to the company’s market cap, I view the filing as routine housekeeping with no valuation implications.

Corporate Governance Expert

TL;DR: Compliance fix underscores reporting accuracy; no governance red flags.

The CEO promptly corrected the prior misstatement, demonstrating adherence to Section 16 reporting obligations. While the 900-share downward revision is minor, timely amendments help maintain transparency and reduce litigation risk. The action neither enhances nor diminishes shareholder rights but reflects good governance practice.

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

OMB APPROVAL

OMB Number:			3235-0287
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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).

X

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)
07/10/2025

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
Class A Common Stock	07/10/2025		C		25,000(1)	A	(1)	25,000	I	Wood 2017 Revocable Trust
Class A Common Stock	07/10/2025		S		5,151(2)	D	$88.76(3)	19,849	I	Wood 2017 Revocable Trust
Class A Common Stock	07/10/2025		S		14,048(2)	D	$89.68(4)	5,801	I	Wood 2017 Revocable Trust
Class A Common Stock	07/10/2025		S		5,801(2)	D	$90.33(5)	0	I	Wood 2017 Revocable Trust
Class A Common Stock								42,500	I	Wood 2020 Irrevocable Trust
Class A Common Stock								94,247	I	The Anthony J. Wood 2024 Annuity Trust V-B
Class A Common Stock								18,760	I	The Anthony J. Wood 2023 Annuity Trust V-B
Class A Common Stock								19,195	I	The Anthony J. Wood 2023 Annuity Trust V
Class A Common Stock								173,129	I	The Anthony J. Wood 2024 Annuity Trust V
Class A Common Stock								143,250	I	The Anthony J. Wood 2025 Annuity Trust V
Class A Common Stock								11,953	D

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
Class B Common Stock	$0	07/10/2025		C			25,000(1)	(1)	(1)	Class A Common Stock	25,000	$0	16,853,111	I	Wood 2017 Revocable Trust

Explanation of Responses:

1. Each share of Class B Common Stock is convertible at any time at the option of the Reporting Person into one share of Class A Common Stock and has no expiration date. Shares of Class B Common Stock will convert automatically into shares of Class A Common Stock upon the earlier of: (i) any transfer except for certain "Permitted Transfers" as defined in the Issuer's restated certificate of incorporation, (ii) the first "Trading Day", as defined in the Issuer's restated certificate of incorporation, falling on or after the date on which the shares of Class B Common Stock represent less than 10% of the aggregate number of outstanding shares of Class A Common Stock and Class B Common Stock or (iii) the vote of the holders of Class B Common Stock representing at least 66-2/3% of the shares of Class B Common Stock.

2. Shares sold pursuant to Mr. Wood's 10b5-1 Plan.

3. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $88.12 to $89.11 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote

4. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $89.12 to $90.11 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote

5. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $90.13 to $90.79 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote

Remarks:

Exhibit 24.1 - Power of Attorney and Exhibit 24.2 - Power of Attorney

	/s/ Renee Strandness, attorney-in-fact	07/10/2025
	** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

Why did Dillard’s (DDS) file an amended Form 4 on 07/10/2025?

To correct a clerical error in the CEO’s prior Form 4; the true post-transaction holding is 897,000 shares instead of 897,900.

How many DDS shares did CEO William T. Dillard II buy on 06/30/2025?

He purchased 27 Class A shares at $413.32 per share.

What is the CEO’s total direct ownership after the amendment?

He directly owns 897,000 DDS shares.

Does the amended filing report any derivative security transactions?

No; Table II is blank, indicating no derivative activity.

Is the ownership change likely to affect Dillard’s stock price?

Given the small size of the adjustment (−900 shares) and modest purchase value, market impact is expected to be minimal.