ROKU SVP Christopher Handman Exercises RSUs, Sells Shares

What Happened

• Christopher T. Handman, Senior Vice President & General Counsel of ROKU, had 11,898 RSUs convert to shares on Sept 1, 2026 (reported on Form 4). The RSUs converted at $0 (vesting), with an approximate market value of about $1.85M at the reported prices.
• To cover tax withholding, the issuer withheld 5,900 shares on Sept 1, 2026 at $155.53 per share (value $917,627). Separately, Handman sold 2,999 shares in an open‑market transaction on Sept 2, 2026 at $155.64 per share for $466,764. The conversion/vest is reported as an exercise/conversion of derivative (RSU).

Key Details

• Transaction dates and prices:
  • 2026-09-01: 11,898 RSUs converted to shares (acquired at $0).
  • 2026-09-01: 5,900 shares withheld for taxes at $155.53 — $917,627 (footnote F1).
  • 2026-09-02: 2,999 shares sold open market at $155.64 — $466,764 (sold pursuant to a 10b5-1 plan; footnote F2).
• Shares owned after the transactions: Not specified in the provided excerpt of the filing.
• Footnotes of note:
  • F1: Withholding to satisfy income tax obligations on RSU vesting.
  • F2: The open‑market sale was made under a 10b5‑1 trading plan.
  • F3/F4: Each RSU equals one share; the award vests in eight substantially equal quarterly installments (first installment vested March 1, 2026).
• Filing timeliness: Form filed Sept 3, 2026 for a Sept 1 transaction — not indicated as late in the filing.

Context

• These transactions reflect routine RSU vesting and standard tax withholding rather than a cash purchase. Because a portion of the vested shares were withheld to cover taxes and some were sold under a prearranged 10b5‑1 plan, the sale is likely part of routine compensation-related handling rather than an ad hoc market trade. Purchases (not present here) generally carry stronger signals of insider bullishness; this filing documents vesting and planned selling.