Roku SVP & general counsel Handman sells $466,764 in stock

Christopher T. Handman, Roku's Senior Vice President and General Counsel, sold 2,999 shares of Roku's Class A Common Stock on September 2, 2026. The sale, executed at $155.64 per share, amounted to approximately $466,764. This transaction was made under a pre-set 10b5-1 trading plan. Roku's shares were trading close to their 52-week high of $159.89, having generated a 63% return over the past year.

On the same day, Handman bought 11,898 shares through the vesting of Restricted Stock Units (RSUs), but 5,900 were kept by Roku to meet tax obligations. After these transactions, Handman owned 8,997 shares directly. Roku is currently considered slightly overvalued according to InvestingPro's assessment. The company's second-quarter 2026 revenue was $1.355 billion, up 21.9% year-over-year and surpassing estimates by 3.7%.

Advertising and subscription revenues grew 25% each. Fox Corporation has agreed to buy Roku at $160 per share, estimating the company at $22 billion. Roku's stock was rated Neutral by some analysts due to acquisition risks. Netflix had also tried to acquire Roku but was outbid by Fox.