Anthony J. Wood - Apr 29, 2022 Form 4 Insider Report for ROKU, INC (ROKU)

Role
CEO and Chairman BOD, Director, 10%+ Owner
Signature
/s/ Christy Lillquist, attorney-in-fact
Stock symbol
ROKU
Transactions as of
Apr 29, 2022
Transactions value $
$0
Form type
4
Date filed
5/3/2022, 06:29 PM
Previous filing
Apr 5, 2022
Next filing
May 13, 2022
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ROKU Employee Stock Option (right to buy) Options Exercise -$1.88M -334K -50.29% $5.64* 330K Apr 29, 2022 Class B Common Stock 334K $5.64 Direct F1
transaction ROKU Class B Common Stock Options Exercise $1.88M +334K $5.64* 334K Apr 29, 2022 Class B Common Stock 334K $5.64 Direct F2
transaction ROKU Class B Common Stock Gift -$1.88M -334K -100% $5.64* 0 Apr 29, 2022 Class B Common Stock 334K $5.64 Direct F2
transaction ROKU Class B Common Stock Gift $1.88M +334K +2.1% $5.64* 16.2M Apr 29, 2022 Class B Common Stock 334K $5.64 Wood Revocable Trust F2
transaction ROKU Employee Stock Option (right to buy) Award $0 +2.26K $0.00 2.26K May 2, 2022 Class A Common Stock 2.26K $103.13 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This option is fully vested.
F2 Each share of Class B Common Stock is convertible at any time at the option of the Reporting Person into one share of Class A Common Stock and has no expiration date. Shares of Class B Common Stock will convert automatically into shares of Class A Common Stock upon the earlier of: (i) any transfer except for certain "Permitted Transfers" as defined in the Issuer's restated certificate of incorporation, (ii) the first "Trading Day", as defined in the Issuer's restated certificate of incorporation, falling on or after the date on which the shares of Class B Common Stock represent less than 10% of the aggregate number of outstanding shares of Class A Common Stock and Class B Common Stock or (iii) the vote of the holders of Class B Common Stock representing at least 66-2/3% of the shares of Class B Common Stock.
F3 This stock option was awarded to the Reporting Person by the Issuer's Compensation Committee of the Board of Directors pursuant to the Issuer's Executive Supplemental Stock Option Program in exchange for a reduction in the monthly base salary of the Reporting Person of $83,333.33.