Roku director Fyfield disposes of 5,389 merger shares
In-the-money options converted into merger consideration net of exercise prices; an out-of-the-money option was canceled without consideration.
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Form Type
4
Rhea-AI Filing Summary
Roku, Inc. director Mai Fyfield reported a disposition of 5,389 shares of Class A common stock in the completed November 6, 2026 merger with Fox Corporation. Each share was converted into a right to receive 0.9799 shares of FOX Class A common stock and $95.30 in cash, with cash in lieu of fractional shares and without interest. Her reported direct Class A common-stock holding after the transaction was 0 shares. Vested, in-the-money options were canceled and converted into merger consideration reduced by their per-share exercise prices. A 954-share out-of-the-money option was canceled for no consideration. A restricted stock unit covering 1,027 shares vested immediately before the Effective Time and was canceled for the right to receive merger consideration.
Insider Trade Summary
Disposition: 5,389 shares
Disposition
9 txns
Insider
Fyfield Mai
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Stock Option (right to buy) F3, F4, F2 | -- | -- | -- |
| Disposition | Stock Option (right to buy) F3, F4, F2 | -- | -- | -- |
| Disposition | Stock Option (right to buy) F3, F4, F2 | -- | -- | -- |
| Disposition | Stock Option (right to buy) F3, F4, F2 | -- | -- | -- |
| Disposition | Stock Option (right to buy) F3, F4, F2 | -- | -- | -- |
| Disposition | Stock Option (right to buy) F3, F4, F5 | -- | -- | -- |
| Disposition | Stock Option (right to buy) F6, F2 | -- | $0.00 | -- |
| Disposition | Restricted Stock Unit F7, F8 | -- | -- | -- |
| Disposition | Class A Common Stock F1 | 5,389 | -- | -- |
Holdings After Transaction:
Stock Option (right to buy) — 0 options (Direct);
Restricted Stock Unit — 0 units (Direct);
Class A Common Stock — 0 shares (Direct)
Holdings Before and After:
Class A Common Stock, 5,389 to 0 shares (Direct)
Footnotes (8)
- 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. This option is fully vested.
- F3. Pursuant to the terms of the Merger Agreement, immediately prior to the Effective Time, each option to purchase Company Common Stock ("Company Option") that was an In-the-Money Company Option (as defined in the Merger Agreement) and that was vested, outstanding and unexercised immediately prior to the Effective Time (each, a "Vested In-the-Money Company Option") was cancelled and automatically converted into the right to receive, without interest and subject to deduction for any required withholding, for each share of Company Common Stock subject to such Vested In-the-Money Company Option immediately prior to the Effective Time, the Merger Consideration reduced by the applicable per share exercise price for such Vested In-the-Money Company Option, which was paid in the same proportion of FOX Class A Common Stock and cash as the Merger Consideration (the "Vested Company Option Consideration").
- F4. The value of Merger Consideration for purposes of determining the Vested Company Option Consideration was determined based on the closing trading price of FOX Class A Common Stock on November 5, 2026.
- F5. Pursuant to the Roku, Inc. Non-Employee Director Compensation Policy, this option became fully vested immediately prior to the Effective Time.
- F6. Pursuant to the terms of the Merger Agreement, immediately prior to the Effective Time, each Company Option that was an Out-of-the-Money Company Option (as defined in the Merger Agreement) and that was outstanding and unexercised immediately prior to the Effective Time was cancelled as of the Effective Time for no consideration.
- F7. Each RSU represented a contingent right to receive one share of Class A Common Stock of the Company.
- F8. Pursuant to the Roku, Inc. Non-Employee Director Compensation Policy, this restricted stock unit became fully vested immediately prior to the Effective Time, and pursuant to the terms of the Merger Agreement was cancelled and converted into the right to receive, without interest and subject to deduction for any required withholding, the Merger Consideration in respect of each share of Company Common Stock that was subject to such restricted stock unit.
Key Figures
Class A common shares disposed: 5,389 shares
FOX Class A shares per Roku share: 0.9799 shares
Cash per Roku share: $95.30
+4 more
7 metrics
Class A common shares disposed
5,389 shares
Merger transaction on November 6, 2026
FOX Class A shares per Roku share
0.9799 shares
Merger consideration
Cash per Roku share
$95.30
Merger consideration, without interest
Shares subject to restricted stock unit
1,027 shares
Vested and converted into a right to receive merger consideration
Shares subject to out-of-the-money option
954 shares
Option canceled for no consideration
Direct Class A common shares after transaction
0 shares
Reported post-transaction holding
Option exercise prices
$69.10, $57.97, $92.37, $80.48, $113.80, $119.64, and $347.81 per share
The $347.81 option was out of the money and canceled for no consideration; the other reported options were vested and in the money
Key Terms
Merger Consideration, Vested Company Option Consideration, In-the-Money Company Option, Out-of-the-Money Company Option, +1 more
5 terms
Merger Consideration financial
"the "Merger Consideration""
Merger consideration is the total payment a company or buyer offers to shareholders of a target company in exchange for combining the two businesses, and can include cash, shares in the surviving company, debt assumption, or a mix of these. Investors care because the form and amount affect the deal’s value, tax consequences, immediate cash received versus future ownership, and the risk and upside of holding new shares — similar to choosing between cash now or stock that could grow later.
Vested Company Option Consideration financial
"the "Vested Company Option Consideration""
In-the-Money Company Option financial
"a Vested In-the-Money Company Option"
Out-of-the-Money Company Option financial
"each Company Option that was an Out-of-the-Money Company Option"
Effective Time financial
"immediately prior to the Effective Time"
The exact clock time when a regulatory filing, approval, or corporate action formally becomes legally active; from that moment the change is binding and can be acted on. Investors care because the effective time marks when ownership, rights, trading rules, or new securities take effect — like a light switch turning on a contract or transaction — which determines when risks, benefits and market reactions begin.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What happened to Mai Fyfield's ROKU options and restricted stock unit?
Vested, in-the-money options were canceled and converted into merger consideration reduced by their per-share exercise prices. The option covering 954 shares was out of the money and canceled for no consideration. A restricted stock unit covering 1,027 shares vested immediately before the Effective Time and was canceled for the right to receive merger consideration.
AI-generated analysis. How Rhea-AI works. Not financial advice.
