Fyfield Mai 4
Research Summary
AI-generated summary
Roku Director Fyfield Mai Sells Shares, Receives RSU Awards
What Happened
- Fyfield Mai, a director of Roku, reported multiple transactions on June 11, 2026. She sold 832 shares in an open market/private sale at $119.64 per share for proceeds of $99,540. The filing also shows exercise/conversion activity for 1,847 derivative shares (reported at $0) and two RSU awards granted/recorded totaling 2,772 RSUs (1,027 and 1,745 shares), each reported with $0 value.
Key Details
- Transaction date: June 11, 2026; Form 4 filed June 12, 2026 (timely).
- Sale: 832 shares at $119.64 each; total proceeds $99,540. Footnote F1 states these shares were sold by the issuer to satisfy tax withholding for an RSU vest that occurred June 11, 2026.
- Derivatives: Exercise/conversion entries for 1,847 shares reported at $0 (one listed as acquired, one listed as a derivative disposition at $0).
- Awards: Two RSU grants reported — 1,027 RSUs and 1,745 RSUs (total 2,772 RSUs). F2 notes each RSU converts to one share. F3/F4 describe vesting: each RSU vests in one installment at the earlier of the next annual meeting or one year after grant.
- Option vesting note (F5): the option vests in 12 monthly installments, with any unvested portion accelerated at the next annual meeting per the footnote.
- Shares owned after the transactions: not specified on this Form 4.
- Exhibits: 24.1 and 24.2 (Powers of Attorney) attached.
Context
- The 832-share sale was used to cover tax withholding on RSU vesting (routine administrative transaction), not necessarily a discretionary market sale indicating sentiment.
- The filing shows both exercise/conversion and RSU grants; when options/derivatives are exercised and shares are immediately sold or withheld for taxes, this is commonly a cashless or withholding-related action rather than an outright investment decision.
- No lateness flag — the report appears timely (filed the next day).
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