Banks Matthew C. 4
4 · ROKU, INC · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
Roku VP Matthew Banks Exercises RSUs, Sells 546 Shares
What Happened
Matthew C. Banks, Vice President and Chief Accounting Officer of Roku, reported the vesting/conversion of 4,067 RSUs on June 1, 2026. Of those, 2,018 shares were withheld to cover income tax withholding (valued at $129.03 per share, ~ $260,383) and 546 shares were sold in the open market on June 2, 2026 at $127.26 per share for net proceeds of $69,484. The remaining 1,503 vested shares were retained. The transactions reflect RSU vesting and routine withholding/sale activity rather than an open-market purchase.
Key Details
- Transaction dates: RSU vest/convert on 2026-06-01; tax withholding on 2026-06-01; open-market sale on 2026-06-02.
- Prices and values: Withholding calculated at $129.03/share (2,018 shares; ~$260,383); open-market sale at $127.26/share (546 shares; $69,484).
- Shares after vesting: 4,067 shares vested; after 2,018 withheld and 546 sold, 1,503 vested shares remained issued to him. The filing does not state total beneficial ownership after the transactions.
- Footnotes: Withholding to satisfy tax obligations (F1); the 546-share sale was pursuant to a 10b5-1 plan (F2); each RSU converts to one share (F3); vesting schedules described in footnotes F4–F7.
- Timeliness: Filing was submitted June 3, 2026 for a 6/1/2026 report period — filed within the typical reporting window (not noted as late).
Context
These transactions represent RSU vesting (conversion of restricted stock units into shares). The withholding of shares to cover taxes and the partial sale under a pre-arranged 10b5-1 plan are common, routine steps following vesting and do not by themselves indicate the insider’s view on the company’s stock.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock
2026-06-01+4,067→ 10,289 total - Tax Payment
Class A Common Stock
[F1]2026-06-01$129.03/sh−2,018$260,383→ 8,271 total - Sale
Class A Common Stock
[F2]2026-06-02$127.26/sh−546$69,484→ 7,725 total - Exercise/Conversion
Restricted Stock Unit
[F3][F4]2026-06-01−1,249→ 2,497 total→ Class A Common Stock (1,249 underlying) - Exercise/Conversion
Restricted Stock Unit
[F3][F5]2026-06-01−828→ 828 total→ Class A Common Stock (828 underlying) - Exercise/Conversion
Restricted Stock Unit
[F3][F6]2026-06-01−1,202→ 6,010 total→ Class A Common Stock (1,202 underlying) - Exercise/Conversion
Restricted Stock Unit
[F3][F7]2026-06-01−788→ 7,091 total→ Class A Common Stock (788 underlying)
Footnotes (7)
- [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]Shares sold pursuant to Mr. Banks' 10b5-1 plan.
- [F3]Each RSU represents a contingent right to receive one share of Class A Common Stock of the Issuer.
- [F4]This RSU vests in fifteen substantially equal quarterly installments. The first installment vested on June 1, 2023.
- [F5]This RSU vests in twelve substantially equal quarterly installments. The first installment vested on November 15, 2023.
- [F6]This RSU vests in twelve substantially equal quarterly installments. The first installment vested on November 15, 2024.
- [F7]This RSU vests in twelve substantially equal quarterly installments. The first installment vested on November 15, 2025 (or the next business day).