Stephen H. Kay - Jul 31, 2023 Form 4 Insider Report for ROKU, INC (ROKU)

Role
SVP General Counsel, Secretary
Signature
/s/Renee Strandness, attorney-in-fact
Stock symbol
ROKU
Transactions as of
Jul 31, 2023
Transactions value $
-$498,531
Form type
4
Date filed
8/2/2023, 06:19 PM
Previous filing
Jun 5, 2023
Next filing
Sep 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ROKU Class A Common Stock Conversion of derivative security $9.46K +3.22K +4.1% $2.94* 81.7K Jul 31, 2023 Direct
transaction ROKU Class A Common Stock Conversion of derivative security $118 +40 +0.05% $2.94* 81.8K Jul 31, 2023 Direct
transaction ROKU Class A Common Stock Conversion of derivative security $13.7K +2.44K +2.98% $5.64* 84.2K Jul 31, 2023 Direct
transaction ROKU Class A Common Stock Sale -$522K -5.69K -6.76% $91.68 78.5K Jul 31, 2023 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ROKU Employee Stock Option (Right to Buy) Options Exercise -$9.46K -3.22K -100% $2.94* 0 Jul 31, 2023 Class B Common Stock 3.22K $2.94 Direct F2
transaction ROKU Class B Common Stock Options Exercise $9.46K +3.22K $2.94* 3.22K Jul 31, 2023 Class A Common Stock 3.22K $2.94 Direct F3
transaction ROKU Class B Common Stock Conversion of derivative security $0 -3.22K -100% $0.00* 0 Jul 31, 2023 Class A Common Stock 3.22K $0.00 Direct F3
transaction ROKU Employee Stock Option (Right to Buy) Options Exercise -$118 -40 -100% $2.94* 0 Jul 31, 2023 Class B Common Stock 40 $2.94 Direct F2
transaction ROKU Class B Common Stock Options Exercise $118 +40 $2.94* 40 Jul 31, 2023 Class A Common Stock 40 $2.94 Direct F3
transaction ROKU Class B Common Stock Conversion of derivative security $0 -40 -100% $0.00* 0 Jul 31, 2023 Class A Common Stock 40 $0.00 Direct F3
transaction ROKU Employee Stock Option (Right to Buy) Options Exercise -$13.7K -2.44K -100% $5.64* 0 Jul 31, 2023 Class B Common Stock 2.44K $5.64 Direct F2
transaction ROKU Class B Common Stock Options Exercise $13.7K +2.44K $5.64* 2.44K Jul 31, 2023 Class A Common Stock 2.44K $5.64 Direct F3
transaction ROKU Class B Common Stock Conversion of derivative security $0 -2.44K -100% $0.00* 0 Jul 31, 2023 Class A Common Stock 2.44K $0.00 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Shares sold pursuant to Mr. Kay's 10b5-1 plan.
F2 This stock option is fully vested.
F3 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.