Form 4: Roku Executive Charles Collier Sells 15,454 Shares Under 10b5-1 Plan
SEC Form 4 Filing
Charles Collier, President of Roku Media, sold 15,454 shares of Class A Common Stock on September 12, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- On September 12, 2024, Charles Collier, the President of Roku Media, sold 15,454 shares of Roku's Class A Common Stock.
- The sale was executed at a price of $75 per share.
- The transaction was conducted under a pre-arranged 10b5-1 trading plan.
- Following the transaction, Mr. Collier directly owns 200 shares of Class A Common Stock.
- Mr. Collier also indirectly owns 600 shares of Class A Common Stock through the Charles D. Collier Revocable Trust.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to an insider stock sale under a pre-arranged plan, which is generally neutral in sentiment.
Industry Context
Sales by insiders are a normal part of corporate governance. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on any specific non-public information.
Stakeholder Impact
- The sale of shares by an executive could be perceived negatively by some shareholders, but the use of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| 09/12/2024 | Date of stock sale transaction |
| 09/13/2024 | Date of signature on the Form 4 filing |
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