Director Jeffrey M. Blackburn filed a Form 4 with the SEC on November 10, 2026, reporting the disposition of Roku, Inc. Class A Common Stock and the cancellation of derivative securities on November 6, 2026, in connection with the completed merger between Roku, Inc. and Fox Corporation.

Key Highlights

  • Merger completed: Roku, Inc. and Fox Corporation completed the transactions under their Agreement and Plan of Merger on November 6, 2026.
  • Shares disposed: Blackburn disposed of 14,040 shares of Class A Common Stock, leaving him with 0 shares directly owned.
  • Merger consideration: Each share of Roku common stock was converted into 0.9799 shares of FOX Class A Common Stock plus $95.30 in cash, without interest.
  • Vested options cancelled: Four fully vested stock options with exercise prices of $69.10, $57.97, $80.48, and $119.64 were cancelled and converted into the right to receive merger consideration reduced by their respective exercise prices.
  • RSU settled: One restricted stock unit covering 1,027 shares vested immediately prior to the merger effective time and was cancelled in exchange for merger consideration.
  • Beneficial ownership following transactions: Blackburn's directly held derivative and non-derivative securities in Roku each show a resulting balance of 0 following the reported transactions.

Blackburn's Roku Holdings Extinguished in Fox Corporation Acquisition

According to the filing, Roku, Inc., a streaming platform company whose Class A Common Stock was listed on NASDAQ:ROKU, completed a merger with Fox Corporation on November 6, 2026. The merger was structured pursuant to an Agreement and Plan of Merger dated June 14, 2026, among Roku, Fox, Falcon Merger Sub 1, Inc. and Falcon Merger Sub 2, LLC. The filing reports that director Jeffrey M. Blackburn held no Roku securities following completion of the transactions described.

The filing discloses that Blackburn disposed of 14,040 shares of Class A Common Stock on November 6, 2026, the date identified as the earliest transaction date. Per the filing, each outstanding share of Roku common stock held immediately prior to the effective time of the merger was converted into the right to receive 0.9799 shares of FOX Class A Common Stock, together with cash in lieu of fractional shares, plus $95.30 in cash, without interest. The filing notes that the value of FOX Class A Common Stock used to determine the option consideration was based on that stock's closing trading price on November 5, 2026.

The filing also reports the cancellation of four vested stock options: 3,895 options with an exercise price of $69.10 (expiring June 7, 2033); 3,652 options at $57.97 (expiring June 5, 2034); 3,140 options at $80.48 (expiring June 10, 2035); and 1,745 options at $119.64 (expiring June 10, 2036). The filing states that the option covering 1,745 shares became fully vested immediately prior to the effective time pursuant to the Roku, Inc. Non-Employee Director Compensation Policy. Each cancelled in-the-money vested option was converted into the right to receive merger consideration reduced by its per share exercise price. Additionally, one restricted stock unit covering 1,027 shares, which also vested immediately prior to the effective time under the same director compensation policy, was cancelled and converted into merger consideration. The filing was signed by Renee Strandness as attorney-in-fact on November 10, 2026.

What Was Disclosed

This Form 4 filed by Roku director Jeffrey M. Blackburn reports the disposition of 14,040 shares of Class A Common Stock, the cancellation of four vested stock options, and the settlement of one restricted stock unit, all resulting from the November 6, 2026 completion of Roku's merger with Fox Corporation.