Wood Anthony J. 4

What Happened

• Anthony J. Wood (reported as a 10% owner of Roku) reported conversions and gifts on 2026-02-17. The Form 4 shows conversion (code C) activity of 60,000 shares and gift (code G) dispositions totaling 72,699 shares (60,000 + 12,699). All gift and conversion entries are reported at $0.00 per share (no sale proceeds).

Key Details

• Transaction date: 2026-02-17; Form 4 filed 2026-02-19 (appears to be filed within the normal 2-business-day window).
• Reported items:
  • Conversion (C): 60,000 shares (acquired) — recorded at N/A or $0.00 in the filing.
  • Gift (G) dispositions: 60,000 shares @ $0.00 and 12,699 shares @ $0.00 (total disposed by gift = 72,699).
  • Gift (G) acquisitions: matching 60,000 and 12,699-share entries at $0.00 (reflecting recipients’ acquisition).
  • An additional conversion (C) entry lists 60,000 shares @ $0.00 as a derivative disposal (as reported).
• Shares owned after the transaction: not specified in the excerpt provided.
• Footnote (F1): Class B shares are convertible into Class A at the holder’s option and convert automatically in certain circumstances (see issuer’s charter). This explains the “conversion” (C) reporting.
• Filing timeliness: Form filed two days after the transactions (Feb 19 for Feb 17), which is generally timely under Section 16 rules.

Context

• Gifts are transfers and do not indicate buy/sell sentiment; they are often for estate planning, trusts, or family transfers. Conversions here reflect changing share class (Class B → Class A) per the company’s charter (see footnote F1) rather than a market purchase or sale. As a 10% owner, Mr. Wood’s transactions are reported under Section 16 reporting rules, which focus on transparency rather than signaling investment views.