Roku CFO Dan Jedda disposes of 67.8K merger shares
Each outstanding Roku common share held by the CFO & COO converted into 0.9799 Fox Class A shares plus $95.30 cash.
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Form Type
4
Rhea-AI Filing Summary
Roku, Inc. CFO & COO Dan Jedda reported the disposition of 67,811 Class A common shares on November 6, 2026. Under the merger terms, each share converted into the right to receive 0.9799 Fox Class A shares and $95.30 in cash; his reported holdings after the disposition were zero. Five unvested RSU lines, covering 53,179, 16,742, 29,897, 6,358 and 50,379 underlying shares, were cancelled and converted into cash and equity awards. Fox may pay the cash awards in cash, Fox shares or both.
Insider Trade Summary
Disposition: 224,366 shares
Disposition
6 txns
Insider
Jedda Dan
Role
CFO & COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Restricted Stock Unit F2, F3, F4 | 53,179 | -- | -- |
| Disposition | Restricted Stock Unit F2, F3, F4 | 16,742 | -- | -- |
| Disposition | Restricted Stock Unit F2, F3, F4 | 29,897 | -- | -- |
| Disposition | Restricted Stock Unit F2, F3, F4 | 6,358 | -- | -- |
| Disposition | Restricted Stock Unit F2, F3, F4 | 50,379 | -- | -- |
| Disposition | Class A Common Stock F1 | 67,811 | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 0 units (Direct);
Class A Common Stock — 0 shares (Direct)
Holdings Before and After:
Restricted Stock Unit, 156,555 to 0 units (Direct);
Class A Common Stock, 67,811 to 0 shares (Direct)
Footnotes (4)
- F1. On November 6, 2026, Roku, Inc. ("Roku" or the "Company") and Fox Corporation ("FOX") completed the transactions contemplated by the Agreement and Plan of Merger (the "Merger Agreement"), dated as of June 14, 2026, by and among Roku, Fox, Falcon Merger Sub 1, Inc. ("Merger Sub 1") and Falcon Merger Sub 2, LLC ("Merger Sub 2") (the "Mergers"). Pursuant to the terms of the Merger Agreement, each share of Class A Common Stock and Class B Common Stock (if any) of Roku (together, "Company Common Stock") held by the Reporting Person that was outstanding immediately prior to the Effective Time (as defined in the Merger Agreement) was converted into the right to receive (A) 0.9799 shares of FOX Class A Common Stock (together with cash in lieu of fractional shares), without interest, and (B) $95.30 in cash, without interest (together, the "Merger Consideration").
- F2. Each RSU represented a contingent right to receive one share of Class A Common Stock of the Company.
- F3. Pursuant to the terms of the Merger Agreement, immediately prior to the Effective Time, each unvested restricted stock unit of the Company outstanding immediately prior to the Effective Time (each, an "Unvested Company RSU") was cancelled and converted into the right to receive (i) a Converted RSU Cash Award and (ii) a Converted RSU Equity Award. Each "Converted RSU Cash Award" provides the holder with the right to receive a payment in respect of each share of Company Common Stock that was subject to the applicable Unvested Company RSU immediately prior to the Effective Time equal to the Per Share Cash Amount.
- F4. Payment of the Converted RSU Cash Award may be made in the form of cash or FOX Class A Common Stock, or a combination thereof, as determined by FOX in its sole discretion, with the value of the FOX Class A Common Stock determined based on the closing trading price of FOX Class A Common Stock on the last trading day immediately prior to the date on which the Converted RSU Cash Award is paid, and are subject to any required withholding. Each "Converted RSU Equity Award" is an award of restricted stock units that provides the holder with the right to receive a number of shares of FOX Class A Common Stock equal to the product of (rounded to the nearest whole number of shares): (i) the number of shares of Company Common Stock subject to such Unvested Company RSU immediately prior to the Effective Time multiplied by (ii) the Exchange Ratio.
Key Figures
Class A common shares disposed: 67,811 shares
Shares held after disposition: 0 shares
Fox Class A shares per Roku common share: 0.9799 shares
+2 more
5 metrics
Class A common shares disposed
67,811 shares
Dan Jedda; November 6, 2026
Shares held after disposition
0 shares
Dan Jedda’s reported direct Class A common stock position
Fox Class A shares per Roku common share
0.9799 shares
Merger consideration
Cash per Roku common share
$95.30
Merger consideration
Underlying shares in five RSU dispositions
53,179; 16,742; 29,897; 6,358; 50,379 shares
Reported for November 6, 2026
Key Terms
Unvested Company RSU, Converted RSU Cash Award, Converted RSU Equity Award, Exchange Ratio
4 terms
Unvested Company RSU financial
"each, an "Unvested Company RSU""
Converted RSU Cash Award financial
"Each "Converted RSU Cash Award""
Converted RSU Equity Award financial
"Each "Converted RSU Equity Award""
Exchange Ratio financial
"multiplied by (ii) the Exchange Ratio"
The exchange ratio is the number used to decide how many shares of one company you get for each share you own in another company during a merger or acquisition. It’s like a recipe that tells you how to swap shares fairly, ensuring both companies’ values are balanced. This ratio matters because it determines how ownership divides between the companies' shareholders.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What happened to Dan Jedda’s ROKU restricted stock units?
Five reported unvested RSU lines covered 53,179, 16,742, 29,897, 6,358 and 50,379 underlying shares. The units were cancelled and converted into cash and equity awards. Fox may settle the cash awards in cash, Fox Class A shares or a combination, at its discretion; the equity awards provide rights to Fox Class A shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
