ROKU.NASDAQRoku, INC

Form 4: Roku CEO Anthony Wood Transfers Shares to Annuity Trusts

Sentiment:

SEC Form 4 Filing

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Roku's CEO and Chairman, Anthony J. Wood, reports the transfer of Class A Common Stock to various annuity trusts, with no monetary transaction involved.

Summary

  • Anthony J. Wood, CEO and Chairman of Roku, Inc., filed a Form 4 detailing changes in beneficial ownership.
  • On August 12, 2024, Mr. Wood transferred 54,702 shares of Class A Common Stock to The Anthony J. Wood 2022 Annuity Trust V-B and received 54,702 shares from Wood 2017 Revocable Trust.
  • On August 13, 2024, Mr. Wood transferred 10,040 shares of Class A Common Stock to Wood 2017 Revocable Trust and received 94,247 shares from The Anthony J. Wood 2024 Annuity Trust V.
  • These transactions were marked as gifts (Transaction Code 'G') and did not involve any monetary exchange (price of $0.00).
  • Following these transactions, Mr. Wood continues to indirectly own a significant amount of Roku's Class A Common Stock through various trusts.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

  • The transactions may have a minor impact on shareholders by slightly altering the ownership structure.
  • The transactions do not directly impact employees, customers, suppliers, or creditors.

Key Dates

DateDescription
08/12/2024Transfer of 54,702 shares of Class A Common Stock to The Anthony J. Wood 2022 Annuity Trust V-B and received 54,702 shares from Wood 2017 Revocable Trust.
08/13/2024Transfer of 10,040 shares of Class A Common Stock to Wood 2017 Revocable Trust and received 94,247 shares from The Anthony J. Wood 2024 Annuity Trust V.
08/14/2024Date of signature for the Form 4 filing.

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