Roku’s Charles Collier disposes of 22,700 direct shares
Common shares converted into rights to FOX stock and cash, while vested options and unvested RSUs converted under separate award terms.
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Form Type
4
Rhea-AI Filing Summary
ROKU, Inc. President, Roku Media Charles Collier reported dispositions tied to the November 6, 2026 completion of the merger with Fox Corporation. The records list 22,700 Class A shares held directly and 600 held by Charles D. Collier Revocable Trust; each was converted into a right to receive 0.9799 shares of FOX Class A Common Stock and $95.30 cash per Roku share. A fully vested option covering 20,538 shares at a $49.59 exercise price was cancelled and converted into merger consideration reduced by the exercise price. Four unvested RSU entries were cancelled for Converted RSU Cash Awards and Converted RSU Equity Awards. No Rule 10b5-1 plan was reported.
Insider Trade Summary
Disposition: 260,696 shares
Disposition
7 txns
Insider
Collier Charles
Role
President, Roku Media
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Employee Stock Option (right to buy) F3, F4, F2 | 20,538 | -- | -- |
| Disposition | Restricted Stock Unit F5, F6, F7 | 78,463 | -- | -- |
| Disposition | Restricted Stock Unit F5, F6, F7 | 65,293 | -- | -- |
| Disposition | Restricted Stock Unit F5, F6, F7 | 43,762 | -- | -- |
| Disposition | Restricted Stock Unit F5, F6, F7 | 29,340 | -- | -- |
| Disposition | Class A Common Stock F1 | 22,700 | -- | -- |
| Disposition | Class A Common Stock F1 | 600 | -- | -- |
Holdings After Transaction:
Employee Stock Option (right to buy) — 0 options (Direct);
Restricted Stock Unit — 0 units (Direct);
Class A Common Stock — 0 shares (Direct);
Class A Common Stock — 0 shares (Indirect, Charles D. Collier Revocable Trust)
Holdings Before and After:
Employee Stock Option (right to buy), 20,538 to 0 options (Direct);
Restricted Stock Unit, 216,858 to 0 units (Direct);
Class A Common Stock, 22,700 to 0 shares (Direct);
Class A Common Stock, 600 to 0 shares (Indirect, Charles D. Collier Revocable Trust)
Footnotes (7)
- 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. Each RSU represented a contingent right to receive one share of Class A Common Stock of the Company.
- F6. 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.
- F7. 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 shares disposed directly: 22,700 shares
Class A shares disposed by trust: 600 shares
FOX Class A shares per Roku share: 0.9799 shares
+5 more
8 metrics
Class A shares disposed directly
22,700 shares
November 6, 2026
Class A shares disposed by trust
600 shares
Held by Charles D. Collier Revocable Trust; November 6, 2026
FOX Class A shares per Roku share
0.9799 shares
Merger consideration for each Roku share
Cash consideration per Roku share
$95.30
Merger consideration for each Roku share
Shares subject to fully vested option
20,538 shares
Option disposition on November 6, 2026
Option exercise price
$49.59 per share
Fully vested option disposed on November 6, 2026
Direct Class A shares following transaction
0 shares
Reported after the November 6, 2026 disposition
Trust-held Class A shares following transaction
0 shares
Reported after the November 6, 2026 disposition
Key Terms
Merger Consideration, Vested Company Option Consideration, Converted RSU Cash Award, Converted RSU Equity Award, +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""
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.
How were Charles Collier's ROKU options and RSUs treated in the merger?
The 20,538-share fully vested option was cancelled for merger consideration reduced by its $49.59 exercise price, while unvested RSUs were cancelled for cash and equity awards. Four RSU entries covered 78,463, 65,293, 43,762 and 29,340 shares. FOX may pay the cash award in cash, FOX Class A stock, or both at its sole discretion. No Rule 10b5-1 plan was reported.
AI-generated analysis. How Rhea-AI works. Not financial advice.
