ROKU VP & CAO Matthew Banks Exercises RSUs, Sells 546 Shares

What Happened Matthew C. Banks, Vice President and Chief Accounting Officer of Roku, had RSUs convert to 4,066 shares on September 1, 2026. Of those, 2,017 shares were withheld by the company to satisfy tax withholding obligations (value reported $313,704), and 546 shares were sold in an open-market transaction on September 2, 2026 at $155.64 per share for proceeds of $84,979. The transactions reflect RSU vesting (acquisition) followed by routine tax withholding and a pre-arranged sale.

Key Details

• Transaction dates: RSU conversion/vesting and tax withholding on 2026-09-01; open-market sale on 2026-09-02.
• Prices & proceeds: Tax-withheld shares valued at $155.53 each (2,017 shares; $313,704); open-market sale at $155.64 (546 shares; $84,979). Total realized proceeds reported ≈ $398,683.
• Shares acquired: 4,066 shares resulted from RSU conversions.
• Shares retained/disposed: 2,017 shares withheld for taxes (F1); 546 shares sold under a 10b5-1 plan (F2). The filing implies remaining vested shares were retained (4,066 − 2,017 − 546 = 1,503), but the filing does not state the insider’s total holdings after these transactions.
• Footnotes: F3–F7 describe that these were RSUs (each converts to one share) from multiple awards with staggered quarterly vesting schedules; F1 = tax withholding; F2 = sale pursuant to a 10b5-1 trading plan.
• Timeliness: Form filed 2026-09-03 for transactions on 09-01/09-02; filing appears timely.

Context These transactions are primarily RSU vesting events (derivative conversion to shares) with routine tax withholding and a planned open-market sale under a 10b5-1 plan. Withholding/share-sell actions tied to vesting are common administrative steps to cover taxes and do not necessarily indicate a change in the insider’s view of the company.