secwatch.observer — SEC 8-K summary
======================================

Issuer:     ROKU, INC (ROKU)
CIK:        0001428439
Form:       8-K
Filed at:   2024-09-26T23:59:59+00:00
Accession:  0001428439-24-000036
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1428439/000142843924000036/0001428439-24-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1428439/000142843924000036/wk-20240923.htm
  HTML page:      https://secwatch.observer/filing/0001428439-24-000036

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer