Roku (ROKU) CEO-linked trusts convert 60,000 Class B and gift Class A
Rhea-AI Filing Summary
Roku, Inc. insider activity shows trust-level share movements rather than open-market trading. A Wood 2017 Revocable Trust associated with CEO Anthony Wood converted 60,000 shares of Class B Common Stock into 60,000 shares of Class A Common Stock at a stated price of $0.00 per share.
That same day, the trust made a bona fide gift of 60,000 Class A shares to The Anthony J. Wood 2026 Annuity Trust V. Separately, 12,699 Class A shares moved from Anthony Wood’s direct ownership to the same annuity trust as a bona fide gift, leaving no shares reported in that direct block and 72,699 Class A shares reported for the annuity trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 85,398 shares
Net Sell
12 txns
Insider
Wood Anthony J.
Role
CEO and Chairman BOD
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 60,000 | $0.00 | $0.00 |
| Conversion | Class A Common Stock | 60,000 | $0.00 | $0.00 |
| Gift | Class A Common Stock | 60,000 | $0.00 | $0.00 |
| Gift | Class A Common Stock | 60,000 | $0.00 | $0.00 |
| Gift | Class A Common Stock | 12,699 | $0.00 | $0.00 |
| Gift | Class A Common Stock | 12,699 | $0.00 | $0.00 |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 16,393,111 shares (Indirect, Wood 2017 Revocable Trust);
Class A Common Stock — 0 shares (Indirect, Wood 2017 Revocable Trust);
Class A Common Stock — 0 shares (Direct);
Class A Common Stock — 72,699 shares (Indirect, The Anthony J. Wood 2026 Annuity Trust V);
Class A Common Stock — 2,754 shares (Indirect, Wood 2020 Nonexempt Irrevocable Trust);
Class A Common Stock — 42,500 shares (Indirect, Wood 2020 Irrevocable Trust);
Class A Common Stock — 64,976 shares (Indirect, The Anthony J. Wood 2024 Annuity Trust V-B);
Class A Common Stock — 173,129 shares (Indirect, The Anthony J. Wood 2024 Annuity Trust V);
Class A Common Stock — 143,250 shares (Indirect, The Anthony J. Wood 2025 Annuity Trust V);
Class A Common Stock — 81,445 shares (Indirect, The Anthony J. Wood 2025 Annuity Trust V-B)
Footnotes (1)
- F1. 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.
FAQ
What did Roku (ROKU) CEO Anthony Wood’s trusts do in this Form 4?
The filing shows trust-level share movements linked to Anthony Wood. A revocable trust converted 60,000 Class B shares into 60,000 Class A shares, then gifted those 60,000 Class A shares to an annuity trust, all recorded as non-cash transactions.
Does Anthony Wood still have significant indirect Roku (ROKU) ownership after these moves?
Yes. After the 60,000-share Class B conversion, the Wood 2017 Revocable Trust still reports 16,393,111 Class B shares indirectly owned. Additional Class A share positions are listed for several other trusts associated with Anthony Wood as of the transaction date.
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