ROKU President Gilbert Fuchsberg Exercises RSUs, Sells Shares
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ROKU President Gilbert Fuchsberg Exercises RSUs, Sells Shares
What Happened
Gilbert Fuchsberg, President (Subscriptions) of Roku, had RSUs convert into 10,322 shares on June 1, 2026 (exercise/conversion code M, $0 exercise price). To cover tax withholding, 5,710 shares were withheld by the issuer (value reported at $736,761). The remaining shares were sold: 4,376 shares were sold in an open-market transaction under a pre-existing 10b5-1 plan on June 2, 2026 at $127.26 per share for proceeds of $556,890. The withheld shares and the open-market sale together account for the disposition of the vested shares.
Key Details
- Transaction dates and prices:
- 2026-06-01: 10,322 shares issued on RSU conversion (M) — exercise/conversion price reported $0.00 (RSUs).
- 2026-06-01: 5,710 shares withheld for tax obligations (F) at $129.03 per share — value $736,761.
- 2026-06-02: 4,376 shares sold in open market (S) at $127.26 per share — proceeds $556,890. (Sold under a 10b5-1 plan.)
- Total value of disposed/withheld shares ≈ $1,293,651 (note: withheld shares cover tax liability, not cash proceeds to the insider).
- Shares owned after the transactions: not specified in the provided filing excerpt.
- Footnotes of note:
- F1: Withheld shares satisfy income tax withholding for RSU vesting on June 1, 2026.
- F2: The 4,376-share sale was pursuant to a 10b5-1 plan.
- F3–F6: Each RSU converts to one share; the RSU awards vest in quarterly installments (vest dates and schedules described).
- Filing timeliness: Form filed 2026-06-03 for transactions dated 6/1–6/2; no late filing indicated.
Context
These were RSU vesting and settlement transactions (exercise/conversion code M), not option purchases. The $0.00 exercise price and the withholding of shares to cover taxes indicate a net share settlement of vested RSUs, with a portion sold under a preplanned 10b5-1 program. Such withholding and planned-sales are common and are typically routine payroll/tax and liquidity events rather than a standalone signal of insider sentiment.