Roku Director Neil Hunt Exercises Options, Receives RSU Grants

What Happened

• Neil D. Hunt, a director of Roku, Inc. (ROKU), reported derivative and equity award transactions dated June 11, 2026. The filing shows an exercise/conversion of derivative securities for 1,847 shares (acquired at $0.00) that were also reported as disposed the same day (1,847 shares, $0.00). In addition, Hunt was granted two restricted stock unit (RSU) awards totaling 2,772 RSUs (1,027 RSUs and 1,745 RSUs), each recorded at $0.00.
• The reported per-share prices and aggregate dollar amounts are $0.00 in the filing; no cash value is shown. The exercise/disposition indicates shares were converted and then disposed on the same date, while the RSUs are grants that convert to one share per RSU under the footnoted vesting terms.

Key Details

• Transaction dates: June 11, 2026 (reported on Form 4 filed June 12, 2026 — timely).
• Transactions reported:
  • M (exercise/conversion): 1,847 shares acquired @ $0.00 and 1,847 shares disposed @ $0.00.
  • A (award/grant): 1,027 RSUs @ $0.00 and 1,745 RSUs @ $0.00 (total 2,772 RSUs).
• Shares owned after transaction: Not specified in the provided filing details.
• Relevant footnotes:
  • F1: Each RSU converts to one share of Class A common stock.
  • F2: The 1,027 RSU grant dated June 11, 2025 vests in one installment at the earlier of the next annual meeting or the one-year anniversary.
  • F3: The 1,745 RSU grant dated June 11, 2026 vests in one installment at the earlier of the next annual meeting or the one-year anniversary.
  • F4: The option involved vests in 12 monthly installments beginning one month after grant, with full vesting at the next annual meeting if not fully vested earlier.
• Filing timeliness: Reported on June 12, 2026 for transactions on June 11, 2026 (no late filing indicated).

Context

• The filing codes: M = exercise/conversion of a derivative (option); A = grant/award (RSUs). The Form 4 shows the exercised shares were disposed on the same date; the filing does not specify whether that disposition was a market sale, sell-to-cover for taxes, or another settlement method. RSU grants are deferred compensation that convert to shares when they vest and generally do not by themselves indicate a positive or negative view of the company.