Roku CEO trusts convert and gift share blocks
Roku, Inc. insider activity shows trust-level share movements rather than open-market trading.
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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.
Insider Trade Summary
| 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 | -- | -- | -- |
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Roku (ROKU) CEO Anthony Wood’s trusts do in this Form 4?
Does Anthony Wood still have significant indirect Roku (ROKU) ownership after these moves?
AI-generated analysis. How Rhea-AI works. Not financial advice.
