Ozgen Mustafa 4
4 · ROKU, INC · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
Roku President Mustafa Ozgen Exercises RSUs, Sells 6,357 Shares
What Happened
Mustafa Ozgen, President of Devices, Product & Technology at Roku (ROKU), had restricted stock units (RSUs) vest and convert into common shares on June 1, 2026. A total of 16,150 shares were reported as acquired via conversion of RSUs, and 6,357 shares were withheld/sold to satisfy income tax withholding at $129.03 per share, generating proceeds of approximately $820,244. Additional RSU conversions (4,910; 6,790; 4,450 shares) are reported as derivative conversions/dispositions at $0 in the filing and reflect vesting/conversion mechanics rather than open-market sales.
Key Details
- Transaction date: June 1, 2026; Form 4 filed June 3, 2026 (filed within standard reporting window).
- Tax-withholding sale: 6,357 shares disposed at $129.03 for total proceeds ≈ $820,244.
- RSU conversions: 16,150 shares acquired (conversion of RSUs); other conversion/disposition entries of 4,910; 6,790; and 4,450 shares reported at $0.
- Shares owned after transaction: not specified in the filing.
- Footnotes: F1 = shares withheld by issuer to satisfy income tax withholding; F2–F5 = RSU definitions and staggered quarterly vesting schedules (multiple tranches vesting over 12 quarterly installments starting Nov 15 of 2023–2025).
Context
This was primarily a vesting/conversion of RSU awards with a routine company-withheld sale to cover taxes (common “net settlement” behavior), not an opportunistic open-market sale. For retail investors, such tax-withholding dispositions are administrative and do not necessarily indicate insider sentiment about the company’s prospects.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock
2026-06-01+16,150→ 35,736 total - Tax Payment
Class A Common Stock
[F1]2026-06-01$129.03/sh−6,357$820,244→ 29,379 total - Exercise/Conversion
Restricted Stock Unit
[F2][F3]2026-06-01−4,910→ 4,910 total→ Class A Common Stock (4,910 underlying) - Exercise/Conversion
Restricted Stock Unit
[F2][F4]2026-06-01−6,790→ 33,949 total→ Class A Common Stock (6,790 underlying) - Exercise/Conversion
Restricted Stock Unit
[F2][F5]2026-06-01−4,450→ 40,055 total→ Class A Common Stock (4,450 underlying)
Footnotes (5)
- [F1]Represents shares that have been withheld by the Issuer to satisfy income tax withholding and remittance obligations in connection with the vesting of certain RSU awards on June 1, 2026.
- [F2]Each RSU represents a contingent right to receive one share of Class A Common Stock of the Issuer.
- [F3]This RSU vests in twelve substantially equal quarterly installments. The first installment vested on November 15, 2023.
- [F4]This RSU vests in twelve substantially equal quarterly installments. The first installment vested on November 15, 2024.
- [F5]This RSU vests in twelve substantially equal quarterly installments. The first installment vested on November 15, 2025 (or the next business day).