Roku amends Executive Supplemental Stock Option Program; SVP+ salary-for-option exchange

ROKU, INC

Compensation Committee approved amendments to Executive Supplemental Stock Option Program effective January 1, 2025.
Eligible executives (SVP+, excluding CEO) may reduce annual base salary in exchange for monthly fully vested non-statutory stock options.
Monthly option grant formula: (salary reduction per month) / (FMV / Stock Option Ratio); ratio reviewed annually by committee.
Options fully vested on grant, exercise price at FMV, 10-year term; election irrevocable after enrollment deadline.
Withdrawal permitted only for unforeseeable emergency during open trading window; automatic withdrawal on employment change or reduction.

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