Form 4: Roku Executive Matthew C. Banks Reports Stock Transactions
SEC Form 4 Filing
Matthew C. Banks, VP, Corp Controller & CAO of Roku, Inc., reports the acquisition and disposal of Class A Common Stock and Restricted Stock Units (RSUs) on March 1, 2024.
Summary
- On March 1, 2024, Matthew C. Banks, VP, Corp Controller & CAO of Roku, Inc., reported transactions involving Roku's Class A Common Stock and Restricted Stock Units (RSUs).
- Banks acquired 3,330 shares of Class A Common Stock at $0.00.
- He disposed of 1,677 shares to cover income tax withholding at a price of $63.35.
- Additionally, 204 shares were sold at $63.20 under a 10b5-1 plan.
- Banks also exercised RSUs, converting them into Class A Common Stock: 359, 746, 148, 1,249 and 828 shares.
- Following these transactions, Banks directly owns 5,575 shares of Class A Common Stock and holds various RSUs.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document simply reports required insider trading activity. There is no indication of positive or negative implications for the company.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the trading activities of company executives. It is standard practice for executives to have 10b5-1 trading plans to avoid accusations of insider trading.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent routine insider trading activity.
Key Dates
| Date | Description |
|---|---|
| June 1, 2021 | First vesting date for one of the RSU grants (sixteen substantially equal quarterly installments). |
| June 1, 2022 | First vesting date for two of the RSU grants (twelve and fifteen substantially equal quarterly installments). |
| June 1, 2023 | First vesting date for one of the RSU grants (fifteen substantially equal quarterly installments). |
| November 15, 2023 | First vesting date for one of the RSU grants (twelve substantially equal quarterly installments). |
| March 1, 2024 | Date of the reported transactions (acquisition/disposal of shares and RSU exercises). |
| March 5, 2024 | Date of the Form 4 filing. |
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