Form 4: Roku SVP Gilbert Fuchsberg Reports Stock Transactions
SEC Form 4
Gilbert Fuchsberg, SVP of Subscriptions & Corporate Development at Roku, reports the vesting of RSUs, tax withholding, and sale of shares under a 10b5-1 plan.
Summary
- Gilbert Fuchsberg, SVP at Roku, filed a Form 4 detailing changes in beneficial ownership.
- On June 3, 2024, RSUs vested, resulting in the acquisition of 6,896 Class A Common Stock shares.
- 3,816 shares were withheld by Roku to cover income tax obligations related to the RSU vesting on June 3, 2024 at a price of $57.94.
- On June 4, 2024, Fuchsberg sold 1,908 shares of Class A Common Stock at $57.09 per share under a pre-arranged 10b5-1 trading plan.
- Following these transactions, Fuchsberg directly owns 37,430 shares of Class A Common Stock and 33,776 derivative securities.
- The reported RSUs vest in quarterly installments over either four or twelve quarters.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing, reflecting neutral sentiment as it reports factual transactions without expressing any positive or negative outlook.
Future Outlook
The document does not contain any specific forward-looking statements or guidance.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into executive compensation and trading activities.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the executive's stock sales, but the impact is likely minimal given the pre-planned nature of the sales.
Key Dates
| Date | Description |
|---|---|
| 09/01/2021 | First installment vested for an RSU that vests in twelve substantially equal quarterly installments. |
| 09/01/2022 | First installment vested for an RSU that vests in twelve substantially equal quarterly installments. |
| 09/01/2023 | First installment vested for an RSU that vests in four substantially equal quarterly installments. |
| 11/15/2023 | First installment vested for an RSU that vests in twelve substantially equal quarterly installments. |
| 06/03/2024 | RSUs vested, shares withheld for taxes. |
| 06/04/2024 | Shares sold under 10b5-1 plan. |
| 06/05/2024 | Date of Renee Strandness's signature as attorney-in-fact. |
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