Wood Anthony J. 4

What Happened

• Anthony J. Wood, a 10% owner of Roku, sold a total of 50,000 shares in open-market transactions on February 10, 2026, generating approximately $4.54 million in proceeds. The sales were reported as three blocks: 10,579 shares at a weighted average $90.12 ($953,379), 29,575 shares at $90.82 ($2,686,002), and 9,846 shares at $91.44 ($900,318).
• The filing also reports conversion activity: 50,000 shares were converted from Class B common stock into Class A common stock (reported as a conversion/derivative transaction). The conversions appear tied to the shares sold that same day (conversion reported with no cash price).

Key Details

• Transaction date: February 10, 2026. Form 4 filed February 12, 2026 (timely).
• Sale details:
  • 10,579 shares at weighted avg $90.12 — $953,379 (footnote F3; underlying trades ranged $89.26–$90.25).
  • 29,575 shares at weighted avg $90.82 — $2,686,002 (F4; range $90.28–$91.27).
  • 9,846 shares at weighted avg $91.44 — $900,318 (F5; range $91.28–$91.76).
• Total sold: 50,000 shares for ~$4,539,699.
• Shares acquired via conversion: 50,000 Class B → Class A (conversion shown as acquisition and a derivative disposal entry).
• Footnotes: Sales were made pursuant to a Rule 10b5‑1 trading plan (F2). Weighted-average prices and price ranges are provided in footnotes; the reporting person will supply per‑price details on request (F3–F5). F1 explains Class B→A conversion mechanics.
• Shares owned after transaction: not specified in the excerpt of the filing provided.

Context

• This was a sale by a 10% owner under a 10b5‑1 plan — a prearranged trading program that typically executes sales according to preset instructions and is considered more routine than ad‑hoc insider selling.
• The reported conversion of Class B into Class A is a non‑cash structural action (conversion), not a cash purchase; converted shares can then be sold in the market.
• No indication in the filing of late reporting; the Form 4 was filed within the typical two‑business‑day window.