Form 4: Roku VP, CAO Banks Reports Stock Transactions
Insider Transaction Report
Roku's VP, CAO Matthew C. Banks reported the vesting of restricted stock units, subsequent tax withholding, and a sale of shares under a 10b5-1 plan.
Summary
- Matthew C. Banks, VP, CAO of Roku, Inc. (ROKU), reported changes in his beneficial ownership of Class A Common Stock.
- On November 17, 2025, 5,260 shares of Class A Common Stock were acquired through the vesting of Restricted Stock Units (RSUs).
- Concurrently, 2,611 shares were disposed of at a price of $96.89 per share to satisfy income tax withholding and remittance obligations related to the RSU vesting, totaling approximately $252,960.79.
- On November 18, 2025, 719 shares of Class A Common Stock were sold at a price of $95.09 per share pursuant to Mr. Banks' Rule 10b5-1 plan, totaling approximately $68,369.71.
- Following these reported transactions, Mr. Banks directly beneficially owns 7,285 shares of Class A Common Stock.
- Several tranches of Restricted Stock Units (RSUs) also vested on November 17, 2025, converting into Class A Common Stock, with remaining RSU holdings detailed across various vesting schedules.
Sentiment
Score: 5
Explanation: This is a routine insider transaction report (Form 4) detailing RSU vesting, tax withholding, and a planned stock sale. It does not inherently convey positive or negative sentiment about the company's performance or outlook.
Positives
- Vesting of 5,260 Class A Common Stock shares from RSUs represents the realization of compensation for the VP, CAO.
Negatives
- A sale of 719 shares at $95.09 under a 10b5-1 plan reduces the direct beneficial ownership by an insider.
- Disposal of 2,611 shares at $96.89 to cover tax obligations reduces the net shares received from vesting.
Future Outlook
This filing does not contain any forward-looking statements or guidance.
Industry Context
This is a routine insider transaction report and does not provide information directly related to broader industry trends or competitors.
Stakeholder Impact
- Shareholders: The sale of shares by an insider, even under a pre-arranged plan, slightly reduces insider ownership, which some investors may monitor.
Key Dates
| Date | Description |
|---|---|
| June 1, 2022 | First installment vested for one RSU award. |
| June 1, 2023 | First installment vested for one RSU award. |
| November 15, 2023 | First installment vested for one RSU award. |
| November 15, 2024 | First installment vested for one RSU award. |
| June 1, 2025 | First installment vested for one RSU award. |
| November 15, 2025 | First installment vested for one RSU award. |
| November 17, 2025 | Transaction date for RSU vesting and disposal of shares for tax withholding. |
| November 18, 2025 | Transaction date for sale of shares under a 10b5-1 plan. |
| November 19, 2025 | Signature date of the Form 4 filing. |
Keywords
ROKU, insider transaction, Form 4, restricted stock units, RSU vesting, 10b5-1 plan, stock sale, beneficial ownership
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