secwatch.observer — SEC 8-K summary
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Issuer:     ROKU, INC (ROKU)
CIK:        0001428439
Form:       8-K
Filed at:   2021-10-01T23:59:59+00:00
Accession:  0001193125-21-289768
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Roku adopts Executive Supplemental Stock Option Program for CEO and SVPs
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- Program allows executives to reduce annual base salary in exchange for monthly grants of fully vested nonstatutory stock options.
- Elections must be made during the last open trading window of the prior year and are irrevocable except for unforeseeable emergencies.
- Monthly grants are determined by formula using salary reduction amount, closing stock price, and a Black-Scholes-based ratio.
- Options are fully vested on grant date, exercisable for up to ten years, and administered under the 2017 Equity Incentive Plan.
- Program effective starting calendar year 2022; Compensation Committee may adjust the Stock Option Ratio annually.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1428439/000119312521289768/0001193125-21-289768-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1428439/000119312521289768/d237414d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-289768

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