Director Gina Luna filed a Form 4 with the SEC on November 10, 2026, reporting the cancellation or conversion of all her Roku, Inc. 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: Roku, Inc. and Fox Corporation completed the transactions under their Agreement and Plan of Merger on November 6, 2026, the date of earliest transaction reported.
  • Shares disposed: Luna's 7,955 shares of Class A Common Stock were converted into the right to receive 0.9799 shares of FOX Class A Common Stock plus $95.30 in cash per share, according to the filing.
  • Seven stock options cancelled or converted: Six fully vested in-the-money options (totaling 16,844 underlying shares at exercise prices ranging from $57.97 to $119.64, plus two out-of-the-money options with exercise prices of $347.81 and $289.10) were disposed of, with out-of-the-money options cancelled for no consideration.
  • RSU settled in merger: 1,027 restricted stock units vested immediately prior to the merger effective time under the Roku Non-Employee Director Compensation Policy and were converted into the right to receive the merger consideration.
  • Post-transaction ownership: Luna's beneficial ownership of all reported Roku securities fell to zero following the transactions.
  • Merger consideration valuation: The value of FOX Class A Common Stock used to determine vested option consideration was based on its closing trading price on November 5, 2026, the filing stated.

Gina Luna's Roku Securities Disposed in Connection With Fox Corporation Merger

According to the filing, Roku, Inc. (NASDAQ:ROKU) and Fox Corporation completed the mergers contemplated by their Agreement and Plan of Merger, dated June 14, 2026, on November 6, 2026. The merger involved Falcon Merger Sub 1, Inc. and Falcon Merger Sub 2, LLC as merger subsidiaries. Under the merger terms, each share of Roku Class A Common Stock held by Luna 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.

Luna's six vested, in-the-money stock options were cancelled and automatically converted into the right to receive, for each underlying share, the merger consideration reduced by the applicable per-share exercise price. The options carried exercise prices of $69.10, $57.97, $92.37, $80.48, $119.64, and $347.81, with expiration dates ranging from December 3, 2030, to June 10, 2036. The filing noted that the option with an exercise price of $119.64 became fully vested immediately prior to the effective time pursuant to the Roku Non-Employee Director Compensation Policy. Two options with exercise prices of $347.81 and $289.10 were described as out-of-the-money and were cancelled for no consideration at the effective time.

Luna's 1,027 restricted stock units, each representing a contingent right to receive one share of Class A Common Stock, also became fully vested immediately prior to the effective time under the Non-Employee Director Compensation Policy and were cancelled and converted into the right to receive the merger consideration per underlying share. Following all reported transactions, the filing shows Luna's beneficial ownership of all Roku securities at zero. The Form 4 was signed by Renee Strandness as attorney-in-fact on November 10, 2026.

What Was Disclosed

Director Gina Luna reported the disposition of 7,955 shares of Roku Class A Common Stock, seven stock options covering a combined 15,589 underlying shares, and 1,027 restricted stock units, all resulting from the November 6, 2026, completion of the Roku-Fox Corporation merger.