Form 4: Roku Executive Matthew C. Banks Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Matthew C. Banks, VP, Corp Controller & CAO of Roku, Inc., sold 210 shares of Class A Common Stock at $75.14 per share on January 2, 2025, under a pre-arranged 10b5-1 trading plan.
Summary
- On January 2, 2025, Matthew C. Banks, the VP, Corp Controller & CAO of Roku, Inc., sold 210 shares of Class A Common Stock.
- The sale was executed at a price of $75.14 per share.
- The transaction was conducted under a pre-arranged 10b5-1 trading plan.
- Following the transaction, Mr. Banks directly owns 6,843 shares of Roku's Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to an insider stock sale under a pre-arranged plan, indicating a neutral sentiment.
Industry Context
This is a routine disclosure of an insider stock sale. It is common for executives to use 10b5-1 plans to sell shares over time to avoid accusations of insider trading.
Stakeholder Impact
- The sale of shares by an executive could have a minor impact on shareholder sentiment, but the use of a 10b5-1 plan mitigates concerns about insider trading.
Key Dates
| Date | Description |
|---|---|
| 01/02/2025 | Date of transaction: Matthew C. Banks sold 210 shares of Class A Common Stock. |
| 01/03/2025 | Date of signature on the Form 4 filing. |
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