Form 4: Roku CEO Wood Converts, Gifts Shares to Trusts

Roku CEO Anthony J. Wood reported the conversion of Class B to Class A common stock and subsequent gifting of shares to various family trusts.

Summary

• Anthony J. Wood, CEO and Chairman of the Board of Roku, Inc., reported transactions involving Roku Class A and Class B Common Stock.
• On February 17, 2026, 60,000 shares of Class B Common Stock held by the Wood 2017 Revocable Trust were converted into 60,000 shares of Class A Common Stock.
• Concurrently, 60,000 shares of Class A Common Stock were gifted from the Wood 2017 Revocable Trust to The Anthony J. Wood 2026 Annuity Trust V.
• Additionally, 12,699 shares of Class A Common Stock were gifted directly by Anthony J. Wood to The Anthony J. Wood 2026 Annuity Trust V.
• Following these transactions, Wood's indirect beneficial ownership includes various trusts holding Class A Common Stock, totaling 647,799 shares across multiple trusts, and 16,393,111 shares of Class B Common Stock held by the Wood 2017 Revocable Trust.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The transactions are primarily for estate planning purposes by the CEO and do not indicate any change in the company's operational or financial performance.

Positives

• The transactions represent a routine estate planning activity, indicating long-term strategic management of personal assets by the CEO.

Negatives

• No direct negative implications for the company's operational or financial performance are indicated by these transactions.

Industry Context

StockSavvy.ai notes that insider filings like Form 4 are standard disclosures for executives and significant shareholders, providing transparency into their holdings. These specific transactions, involving conversions and gifts to trusts, are typical for high-net-worth individuals engaging in estate planning and do not inherently reflect on Roku's operational performance or market position.

Related Party Transactions

• Gifting of Class A Common Stock to The Anthony J. Wood 2026 Annuity Trust V, a trust associated with the reporting person.

Stakeholder Impact

• Shareholders: No direct operational or financial impact on the company, but provides transparency into the CEO's personal asset management and long-term commitment to the company through continued significant ownership.
• Employees, Customers, Suppliers, Creditors: No direct impact from these personal ownership transactions.

Key Dates

Recommendation

The filing details routine estate planning transactions by the CEO, involving stock conversions and gifts to trusts. These actions do not reflect on Roku's current operational performance or future prospects, thus a 'hold' recommendation is appropriate as there is no new information to alter an existing investment thesis.

Keywords

Roku, ROKU, Anthony J. Wood, SEC Form 4, Insider Trading, Stock Conversion, Gift of Shares, Beneficial Ownership, Class A Common Stock, Class B Common Stock, Estate Planning