Research Summary
AI-generated summary of this SEC filing
Roku (ROKU) VP Matthew C. Banks Receives RSU Award
What Happened
- Matthew C. Banks, VP, Corporate Controller & Chief Accounting Officer of Roku, was granted 5,800 restricted stock units (RSUs) effective August 14, 2026. The award is reported as a derivative grant (code A) with a reported price of $0.00 (no cash purchase).
Key Details
- Transaction date: 2026-08-14; Transaction type: Award/Grant (RSU), Code A; Reported price: $0.00; Amount: 5,800 RSUs.
- Shares owned after transaction: not specified in the Form 4 filing.
- Footnotes: F1 — each RSU represents a contingent right to one share of Class A common stock; F2 — the RSUs vest in 12 substantially equal quarterly installments, with the first installment vesting December 1, 2026 (i.e., a 3-year quarterly vesting schedule).
- Filing date: 2026-08-17 (filed within required reporting window; not reported as late).
Context
- RSUs are a form of compensation that convert to actual shares only upon vesting; this grant does not reflect an open-market purchase or sale. Such awards are common for executives and do not, by themselves, indicate a buy or sell signal.