Director Ray A. Rothrock filed a Form 4 with the SEC on November 10, 2026, reporting the disposition of all his directly held Roku, Inc. Class A Common Stock, stock options, and restricted stock units on November 6, 2026, following the completion of the merger between Roku 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: Rothrock reported the disposition of 44,784 shares of Roku Class A Common Stock, with 0 shares remaining after the transaction.
  • Merger consideration: Each share was converted into the right to receive 0.9799 shares of FOX Class A Common Stock plus $95.30 in cash, without interest, per the Merger Agreement terms disclosed in the filing.
  • Vested in-the-money options cancelled: Five fully vested stock options were cancelled and converted into the right to receive merger consideration reduced by the applicable per-share exercise price.
  • Out-of-the-money option cancelled: One stock option with an exercise price of $347.81, covering 954 shares, was cancelled for no consideration per the Merger Agreement terms.
  • RSU accelerated and cancelled: One restricted stock unit covering 1,027 shares vested immediately prior to the effective time under Roku's Non-Employee Director Compensation Policy and was converted into the right to receive the merger consideration.
  • Post-transaction ownership: Following all reported transactions, Rothrock's direct beneficial ownership of Roku securities stands at 0 in each category.

Rothrock's Roku Holdings Fully Disposed in FOX Merger Transaction

According to the filing, Roku, Inc., a streaming platform company, and Fox Corporation completed their merger on November 6, 2026, the date of earliest transaction reported. The merger was carried out under an Agreement and Plan of Merger dated June 14, 2026, involving Roku, Fox Corporation, Falcon Merger Sub 1, Inc., and Falcon Merger Sub 2, LLC. Under the terms described in the filing, each share of Roku Class A Common Stock and Class B Common Stock held by the reporting person 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, both without interest.

The filing reports that Rothrock held five fully vested stock options that qualified as in-the-money company options under the Merger Agreement's definitions, with exercise prices of $113.80, $69.10, $57.97, $92.37, and $80.48, covering 1,479, 3,895, 3,652, 3,423, and 3,140 shares respectively. Per the filing, these were cancelled and automatically converted into the right to receive the merger consideration reduced by the applicable per-share exercise price. Additionally, one option with an exercise price of $119.64 covering 1,745 shares became fully vested immediately prior to the effective time under the Roku Non-Employee Director Compensation Policy and was treated the same way. The value of merger consideration for determining the option consideration was based on the closing trading price of FOX Class A Common Stock on November 5, 2026, the filing states.

The filing further discloses that one stock option with an exercise price of $347.81 covering 954 shares was an out-of-the-money company option and was cancelled as of the effective time for no consideration. One restricted stock unit covering 1,027 shares also vested immediately prior to the effective time under Roku's Non-Employee Director Compensation Policy and was cancelled and converted into the right to receive the merger consideration. The filing was signed by Renee Strandness as attorney-in-fact on November 10, 2026. Roku's stock traded on NASDAQ:ROKU.

What Was Disclosed

This Form 4 filed by Roku director Ray A. Rothrock discloses the full disposition of his direct holdings in Roku Class A Common Stock, all stock options, and restricted stock units on November 6, 2026, as a result of the completed merger between Roku and Fox Corporation. No Roku securities remain in his direct beneficial ownership following these transactions.