SCHEDULE: ARK Investment Maintains Significant ROKU Stake

ARK Investment Management and Catherine D. Wood report a 4.50% beneficial ownership stake in Roku, Inc. Class A Common Stock.

Summary

• ARK Investment Management LLC and Catherine D. Wood have filed an Amendment No. 11 to Schedule 13G, reporting their beneficial ownership in Roku, Inc.'s Class A Common Stock.
• As of December 31, 2025, the reporting persons collectively beneficially own 5,881,738 shares of Roku, Inc. Class A Common Stock.
• This aggregate amount represents 4.50% of the Class A Common Stock outstanding.
• ARK Investment Management LLC holds sole voting power over 5,511,867 shares and sole dispositive power over 5,881,738 shares.
• Catherine D. Wood holds shared voting power over 5,619,383 shares and shared dispositive power over 5,881,738 shares.
• The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 6

Explanation: The filing is a routine beneficial ownership disclosure, indicating a continued significant, but non-controlling, stake by a prominent investment firm. This suggests ongoing conviction in the company by ARK Investment Management, which can be viewed as a slightly positive signal by some investors.

Positives

• NA

Negatives

• NA

Risks

• NA

Future Outlook

NA

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."

Industry Context

NA

Related Party Transactions

• ARK Investment Management LLC and Catherine D. Wood have agreed to file this Amendment No. 11 on Schedule 13G jointly, in accordance with Rule 13d-1(k)(1) under the Securities Exchange Act of 1934.

Stakeholder Impact

• Shareholders: The continued significant ownership by ARK Investment Management may be viewed as a vote of confidence in Roku's long-term prospects by a notable institutional investor.

Next Steps

• Reporting persons will file further amendments to Schedule 13G if there are material changes to their beneficial ownership or if their ownership exceeds 5% and they are no longer eligible to file under Rule 13d-1(b).

Key Dates

Keywords

Roku, ARK Investment Management, Catherine D. Wood, Beneficial Ownership, Schedule 13G, Class A Common Stock, Investment Management, Streaming Technology