ROKU Director Neil Hunt Sells 2,000 Shares, Exercises/Converts 6,000

What Happened Neil D. Hunt, a director of Roku, reported transactions on 2026-06-01. He sold 2,000 shares in the open market in four blocks (398 @ $127.72, 411 @ $128.77, 1,114 @ $129.62, 77 @ $130.34) for total proceeds of about $258,190. On the same date he recorded exercise/conversion activity involving derivative securities: a total of 6,000 shares were acquired via exercise/conversion entries (4,000 and 2,000) and corresponding derivative dispositions were also reported (4,000 and 2,000). The derivative entries show $0 cash paid/received (typical for internal conversions or stock-settled exercises).

Key Details

• Transaction date: 2026-06-01; Form 4 filed 2026-06-03 (within typical 2-business-day Section 16 window).
• Open-market sales: 398 @ $127.72; 411 @ $128.77; 1,114 @ $129.62; 77 @ $130.34. Reported total ≈ $258,190. (Footnotes F3–F6 note those prices are weighted averages over ranges.)
• Derivative activity: recorded exercises/conversions totaling 6,000 shares (entries coded M and C) at $0.00 in the filing; one option noted as fully vested (F7).
• Sales were made pursuant to a 10b5-1 trading plan (F2).
• Shares owned after the transactions are not specified in the excerpt provided.

Context The filing shows routine insider activity: conversions/exercises of derivative securities (stock option/convertible Class B to Class A mechanics per F1) together with sales executed under a prearranged 10b5-1 plan. The derivative entries appear to reflect internal exercise/conversion mechanics rather than a cash purchase; the only cash proceeds reported came from the open-market sales (~$258K). Sales under a 10b5-1 plan are prearranged and do not necessarily indicate a change in the insider's view of the company.