ROKU
When the boss hits the sell button
Roku CEO Anthony J. Wood, through the Wood 2017 Revocable Trust, sold 25,000 shares of Class A stock on April 16 for roughly $2.75 million. The shares changed hands at a weighted average price of $110.19, which is not exactly a bargain-bin exit.
But wait, there’s a twist
On the same day, Wood also converted 25,000 Class B shares into Class A shares. That doesn’t scream “I’m fleeing the building,” but it does mean investors should keep an eye on how the capital structure is shifting while the stock flirts with its 52-week high of $116.66.
Why you should care
Insider sales don’t automatically mean trouble — execs diversify, pay taxes, and occasionally like having money that isn’t trapped in one ticker. Still, when the CEO trims shares after a 92% run over the past year, it can make the market wonder whether the easy money has already been made.
Big picture
Roku is still a streaming heavyweight, and the stock’s been on a serious tear. But after a monster rally, even a routine insider sale can feel like someone quietly turning the music down a notch.