Director Jeff Hastings filed a Form 4 with the SEC on November 10, 2026, reporting the disposition of all his Roku, Inc. Class A Common Stock, stock options, and restricted stock units on November 6, 2026, as a result of the completed merger between Roku, Inc. and Fox Corporation.

Key Highlights

  • Merger completed: Roku, Inc. and Fox Corporation completed their merger on November 6, 2026, pursuant to an Agreement and Plan of Merger dated June 14, 2026.
  • Shares disposed: Hastings disposed of 9,629 shares of Class A Common Stock, leaving a post-transaction balance of 0 shares held directly.
  • Merger consideration: Each share of Roku common stock was converted into the right to receive 0.9799 shares of FOX Class A Common Stock plus $95.30 in cash, without interest.
  • Stock options cancelled: Nine stock option grants covering a total of 28,137 shares (across exercise prices ranging from $35.99 to $347.81) were disposed of, with in-the-money vested options converted into merger consideration and the out-of-the-money option cancelled for no consideration.
  • RSU settled: 1,027 restricted stock units, which became fully vested immediately prior to the merger effective time under the Roku Non-Employee Director Compensation Policy, were cancelled and converted into the right to receive merger consideration.
  • Post-transaction ownership: Following all reported transactions, Hastings holds 0 securities of Roku, Inc. directly across all reported security types.

Hastings Beneficial Ownership in Roku Eliminated by Fox Merger Closing

According to the Form 4 filed on November 10, 2026, Jeff Hastings, a director of Roku, Inc. (NASDAQ:ROKU), reported the disposition of all his directly held Roku securities on November 6, 2026. The filing attributes these dispositions to the closing of the merger between Roku, Inc. and Fox Corporation, completed on that date pursuant to an Agreement and Plan of Merger dated June 14, 2026, among Roku, Fox, Falcon Merger Sub 1, Inc., and Falcon Merger Sub 2, LLC.

Under the terms of the merger agreement, the filing states that each share of Roku Class A Common Stock and Class B Common Stock held by Hastings outstanding immediately prior to the effective time was converted into the right to receive 0.9799 shares of FOX Class A Common Stock, plus $95.30 in cash, without interest, together constituting the "Merger Consideration." This conversion applied to Hastings's 9,629 shares, reducing his direct beneficial ownership to zero.

For stock options, the filing distinguishes between in-the-money and out-of-the-money options. Eight option grants covering a combined 27,183 shares, with exercise prices of $35.99, $69.10, $57.97, $92.37, $80.48, $88.02, $113.80, and $119.64, were fully vested and cancelled in exchange for Vested Company Option Consideration equal to the Merger Consideration reduced by the applicable per-share exercise price. The filing notes that the value of FOX Class A Common Stock for this calculation was based on the closing trading price of FOX Class A Common Stock on November 5, 2026. One option grant covering 954 shares with an exercise price of $347.81 was classified as an out-of-the-money option and was cancelled for no consideration. Additionally, 1,027 RSUs became fully vested immediately prior to the effective time under the Roku Non-Employee Director Compensation Policy and were cancelled and converted into the right to receive the Merger Consideration.

What Was Disclosed

The filing reports that director Jeff Hastings disposed of all his Roku Class A Common Stock, all nine stock option grants, and all restricted stock units on November 6, 2026, upon completion of the Roku-Fox merger, leaving him with zero beneficial ownership in each security class.