Charles Collier, President of Roku Media at Roku, Inc., filed a Form 4 on November 10, 2026, reporting the cancellation and conversion of all his Roku Class A Common Stock, stock options, and restricted stock units on November 6, 2026, following the completion of Roku's merger with Fox Corporation.

Key Highlights

  • Merger completed November 6, 2026: Roku, Inc. and Fox Corporation completed the transactions under the Agreement and Plan of Merger dated June 14, 2026, involving Roku, Fox, Falcon Merger Sub 1, Inc., and Falcon Merger Sub 2, LLC.
  • Merger consideration per share: Each share of Roku Class A Common Stock was converted into the right to receive 0.9799 shares of FOX Class A Common Stock plus $95.30 in cash, without interest.
  • Common stock disposed: Collier had 22,700 shares disposed directly and 600 shares disposed indirectly through the Charles D. Collier Revocable Trust, with 0 shares remaining after both transactions.
  • Stock option cancelled: A fully vested employee stock option covering 20,538 shares with an exercise price of $49.59 and expiration date of 11/03/2032 was cancelled and converted into the right to receive the Vested Company Option Consideration.
  • RSUs cancelled and converted: Four tranches of unvested restricted stock units totaling 216,858 shares (78,463 plus 65,293 plus 43,762 plus 29,340) were cancelled and converted into Converted RSU Cash Awards and Converted RSU Equity Awards, with 0 RSUs remaining.
  • Post-transaction beneficial ownership: Following all reported transactions, Collier held 0 shares of Roku Class A Common Stock and 0 derivative securities directly or indirectly.

Collier's Roku Securities Cancelled Upon Fox Corporation Merger Closing

According to the filing, Roku, Inc. and Fox Corporation completed their merger on November 6, 2026, as contemplated by the Agreement and Plan of Merger dated June 14, 2026. The merger involved Falcon Merger Sub 1, Inc. and Falcon Merger Sub 2, LLC as additional parties. Under the terms of the Merger Agreement, each outstanding share of Roku Class A Common Stock held by Collier 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 reports that Collier disposed of 22,700 shares held directly and 600 shares held indirectly through the Charles D. Collier Revocable Trust, leaving him with 0 shares of Roku Class A Common Stock beneficially owned following the transactions. A fully vested employee stock option to purchase 20,538 shares at an exercise price of $49.59, expiring November 3, 2032, was cancelled. The filing states it was converted into the right to receive, for each underlying share, the Merger Consideration reduced by the applicable per share exercise price. The value of Merger Consideration for this calculation was based on the closing trading price of FOX Class A Common Stock on November 5, 2026.

Four tranches of unvested restricted stock units were also cancelled as of November 6, 2026, covering 78,463, 65,293, 43,762, and 29,340 shares respectively. According to the filing, each unvested RSU was converted into a Converted RSU Cash Award and a Converted RSU Equity Award. The Converted RSU Cash Award entitles the holder to a payment equal to the Per Share Cash Amount per underlying share, payable in cash, FOX Class A Common Stock, or a combination at FOX's sole discretion. The Converted RSU Equity Award provides for FOX Class A Common Stock equal to the number of underlying Roku shares multiplied by the Exchange Ratio, rounded to the nearest whole number. The filing was signed by Renee Strandness as attorney-in-fact on November 10, 2026.

What Was Disclosed

This Form 4 filed by Charles Collier, President of Roku Media, discloses that all of his Roku common stock, a vested stock option, and four tranches of unvested RSUs were cancelled and converted into rights to receive Fox Corporation consideration upon the November 6, 2026 merger closing.