Roku director Blackburn disposes of 14,040 shares
The merger terms converted held Roku shares into rights to FOX stock and cash, with separate conversion terms for options and restricted stock units.
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Form Type
4
Rhea-AI Filing Summary
ROKU, Inc. director Jeffrey M. Blackburn reported merger-related dispositions on November 6, 2026, when Roku and Fox completed their merger. His 14,040 Class A shares converted into the right to receive 0.9799 FOX Class A shares and $95.30 cash per Roku share, plus cash in lieu of fractional shares; his reported resulting Class A holding was zero. Four vested option positions were canceled and converted into consideration reduced by each applicable exercise price, while 1,027 restricted stock units were converted into merger consideration; the reported resulting RSU holding was zero.
Insider Trade Summary
Disposition: 27,499 shares
Disposition
6 txns
Insider
Blackburn Jeffrey M
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Stock Option (right to buy) F3, F4, F2 | 3,895 | -- | -- |
| Disposition | Stock Option (right to buy) F3, F4, F2 | 3,652 | -- | -- |
| Disposition | Stock Option (right to buy) F3, F4, F2 | 3,140 | -- | -- |
| Disposition | Stock Option (right to buy) F3, F4, F5 | 1,745 | -- | -- |
| Disposition | Restricted Stock Unit F6, F7 | 1,027 | -- | -- |
| Disposition | Class A Common Stock F1 | 14,040 | -- | -- |
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:
Stock Option (right to buy), 12,432 to 0 options (Direct);
Restricted Stock Unit, 1,027 to 0 units (Direct);
Class A Common Stock, 14,040 to 0 shares (Direct)
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. Pursuant to the Roku, Inc. Non-Employee Director Compensation Policy, this option became fully vested immediately prior to the Effective Time.
- F6. Each RSU represented a contingent right to receive one share of Class A Common Stock of the Company.
- F7. 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 shares disposed: 14,040 shares
FOX stock consideration: 0.9799 FOX Class A shares per Roku share
Cash consideration: $95.30 per Roku share
+5 more
8 metrics
Class A shares disposed
14,040 shares
Transaction on November 6, 2026
FOX stock consideration
0.9799 FOX Class A shares per Roku share
Merger consideration
Cash consideration
$95.30 per Roku share
Merger consideration
Option shares and exercise price
3,895 underlying shares; $69.10 per share
Option expiration June 7, 2033
Option shares and exercise price
3,652 underlying shares; $57.97 per share
Option expiration June 5, 2034
Option shares and exercise price
3,140 underlying shares; $80.48 per share
Option expiration June 10, 2035
Option shares and exercise price
1,745 underlying shares; $119.64 per share
Option expiration June 10, 2036
Restricted stock units disposed
1,027 units
Transaction on November 6, 2026
Key Terms
Merger Consideration, Vested In-the-Money Company Option, Vested Company Option Consideration, Effective Time
4 terms
Merger Consideration financial
"0.9799 shares of FOX Class A Common Stock ... and $95.30 in cash"
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 In-the-Money Company Option financial
"each, a "Vested In-the-Money Company Option""
Vested Company Option Consideration financial
"the "Vested Company Option Consideration""
Effective Time technical
"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.
How were Jeffrey M. Blackburn's ROKU options and restricted stock units treated?
Four reported option positions covering 3,895 shares at a $69.10 exercise price, 3,652 at $57.97, 3,140 at $80.48, and 1,745 at $119.64 were canceled and converted into consideration reduced by the applicable exercise price. His 1,027 restricted stock units vested immediately before the Effective Time and converted into merger consideration.
AI-generated analysis. How Rhea-AI works. Not financial advice.
