Form 4: Roku CEO Anthony Wood Sells Shares Under 10b5-1 Plan

Roku's CEO and Chairman of the Board, Anthony Wood, executed sales of Class A Common Stock on March 20 and 21, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• Anthony J. Wood, CEO and Chairman of the Board of Roku, Inc., reported transactions involving Class A Common Stock.
• On March 20, 2025, Wood converted 4,600 shares of Class B Common Stock into Class A Common Stock and subsequently sold the 4,600 shares at a weighted average price of $75.
• On March 21, 2025, Wood converted 20,400 shares of Class B Common Stock into Class A Common Stock and subsequently sold the 20,400 shares at a weighted average price of $75.25.
• The sales were executed under a pre-arranged 10b5-1 trading plan.
• Following these transactions, Wood continues to hold a significant amount of Roku stock both directly and indirectly through various trusts.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports transactions executed under a pre-existing plan. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

Insider sales are a common occurrence, especially when executed under pre-arranged trading plans like 10b5-1 plans, which allow insiders to sell shares at predetermined times and prices to avoid accusations of trading on non-public information.

Stakeholder Impact

• The sale of shares by the CEO could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates

Keywords

Form 4, Anthony Wood, ROKU, Class A Common Stock, Class B Common Stock, 10b5-1 Plan, SEC Filing, Insider Trading