--- title: "ROKU CEO Wood: $1.23B Career Sells, FMR Holds 10.5% 13G" type: news slug: anthony-wood-roku-1-23b-conversion-sells-fmr-10-5-percent canonical_url: https://13finsight.com/news/anthony-wood-roku-1-23b-conversion-sells-fmr-10-5-percent published_at: 2026-05-11T00:41:44.924Z updated_at: 2026-05-11T00:41:47.487Z author: Alex Rivera author_title: Breaking News Editor author_url: https://13finsight.com/authors/alex-rivera word_count: 795 locale: en source: 13F Insight --- # ROKU CEO Wood: $1.23B Career Sells, FMR Holds 10.5% 13G > Roku founder-CEO Anthony Wood has crossed $1.23B in cumulative Form 4 sales — but the April 2026 conversion-and-sell pattern keeps 16.3M derivative shares intact. FMR LLC still holds 10.5% of Roku per its February 13G. Roku founder and CEO Anthony Wood has now booked $1.23 billion in cumulative Form 4 stock sales on Roku — a milestone hit not via a fresh discretionary exit but via April 2026 transactions that show the same conversion-and-sell mechanic that has run through Wood's filings for the past two years. The April 16 filing is the cleanest example: 25,000 derivative shares converted on the same day Wood sold 25,000 Class A shares at $110.19. The trade nets to zero change in total beneficial ownership — what shifts is the legal vehicle the shares sit in, not the economic position.After the April transactions, the Form 4 record shows Wood still holds 16,268,111 shares via Table II (derivative or restricted holdings). That stock is structurally illiquid until further conversion windows open, but it remains a real economic interest in the company. Reading the $1.23B career-sales number as a founder bailing on Roku is fighting the disclosures and the residual block.The 13G Ownership Cross-CheckWhere the conviction signal actually lives is the Schedule 13G filings on Roku. The recent record:Filer% OwnedFiledReadFMR LLC (Fidelity)10.5%2026-02-05Largest active-manager block, active convictionRoku, Inc. (insider reporting block)5.64%2025-11-04Likely includes Wood & affiliatesVanguard Capital Management LLC5.26%2026-04-30New filing post-Vanguard reorganizationARK Investment Management LLC4.5%2026-01-08Tech/disruptive-growth thematicVanguard Group Inc.0.00%2026-03-27Exit — reorganized into Vanguard Capital complexThe standout row is FMR LLC at 10.5%. Fidelity's holding entity has built and held a double-digit stake through Roku's worst stretches — the 2022 streaming-bear period, the post-pandemic ad-spend reset, the 2024 platform-revenue-deceleration scare. FMR's 10.5% stake represents real active conviction, distinct from the passive-index flows that drive Roku's float during quarterly index rebalances. The number actively-managed money is willing to put behind a thesis is a more honest signal than any single founder Form 4 sale.The Vanguard reshuffle on Roku mirrors the same reorganization affecting GM and other large-caps: Vanguard Group Inc. files 0% exits on March 27, and Vanguard Capital Management LLC files a new 13G at 5.26% on April 30. The net beneficial ownership of the Vanguard complex is roughly unchanged — only the reporting entity has moved.Why the Conversion Pattern MattersReading Form 4 transaction codes correctly is the difference between a publishable story and a misleading headline. Wood's April 10 and April 16 filings each show a C (conversion) followed by S (sale). The mechanic:On the conversion date, a slice of derivative or restricted shares (typically Class B, options, or RSUs) converts to Class A common stock under a pre-arranged schedule.The converted Class A shares are sold on the open market — usually inside a 10b5-1 plan window adopted months earlier.The total beneficial ownership across Table I + Table II remains roughly constant.This is structurally different from a discretionary open-market sale, which would show only an S code with no preceding conversion. Discretionary bearish sales — the kind that reflect a founder reading near-term weakness — show as standalone S transactions outside of plan windows, typically clustered around earnings releases or specific corporate events. Wood's recent record does not show that pattern.What Active Money ReadsThe signal worth pricing is the relative posture of the active and discretionary money in Roku's ownership stack:FMR LLC at 10.5% — Fidelity's stake held through the Q4 2025 / Q1 2026 reporting cycles. No reduction signal.ARK at 4.5% — A thematic tech-disruption holding. ARK's posture on streaming/CTV has been net-positive through 2025-2026; the holding is below the 5% disclosure threshold, so changes won't surface until the next annual 13G/A.Wood's residual 16.3M Table II shares — Untouched by the April conversion-and-sell pairs. Total founder economic interest is unchanged.What to WatchRoku Q2 2026 earnings (late July) — platform-revenue trajectory and connected-TV ad-market commentary. The next post-earnings 10b5-1 plan refresh will follow inside the post-earnings open trading window.August 14, 2026 13F filing deadline — first complete read on whether Wood's Form 4 cadence matters relative to active-money flows.FMR 13G/A amendments — required within 10 days of any 1%+ change. A trim below 9% would be the cleanest signal that Fidelity's active conviction has shifted.Next conversion window — the existing 10b5-1 plan schedule suggests the next conversion-and-sell cluster lands in Q3 2026.Quick Take for HoldersThe $1.23B career-sales headline is real but mechanical. Anthony Wood's full Form 4 history shows a conversion-and-sell cadence consistent with a 10b5-1 founder plan, not discretionary exit. The actionable institutional read on ROKU is FMR's 10.5% — and whether Fidelity's active managers hold, add, or trim across the next two reporting windows. Anyone running a position should cross-reference smart-money signals, the filings hub, and the Learn library on Form 4 transaction codes to build the cleanest mental model. The story is in the holders, not in the headline.SEC reference: Anthony Wood Form 4 filings under CIK 0001716837 (latest 2026-04-16, conversion + sale). FMR LLC Schedule 13G/A filed 2026-02-05 disclosing 10.5% beneficial ownership of 13,679,650 Roku shares. ## FAQ ### How much Roku stock has Anthony Wood sold in total? Roku founder-CEO Anthony Wood has booked approximately $1.23 billion in cumulative Form 4 stock sales across his career. The most recent transactions on April 10 and April 16, 2026 followed a conversion-and-sell pattern at prices between $98 and $110 per share. The pattern is consistent with a 10b5-1 trading plan rather than discretionary timing. ### How much Roku does Anthony Wood still own? Anthony Wood still holds 16,268,111 Roku shares via Form 4 Table II — derivative or restricted holdings. These shares are structurally illiquid until further conversion windows open but remain a real economic interest in the company. Total founder beneficial ownership is largely unchanged across the April conversion-and-sell pairs. ### Who is the largest institutional holder of Roku? FMR LLC (Fidelity) holds the largest disclosed institutional stake in Roku at 10.5% — 13,679,650 shares as of the February 5, 2026 Schedule 13G/A. Fidelity has held a double-digit Roku stake through the 2022 streaming bear cycle and the 2024 platform-revenue deceleration, representing real active-manager conviction. ### What does a Form 4 'C' transaction code mean for Roku? Transaction code C on Form 4 means a conversion — a non-market transfer of derivative or restricted shares to common stock under a pre-arranged schedule. When code C is paired with code S (sale) on the same date, the mechanic is conversion-then-sale through a 10b5-1 trading plan. Total beneficial ownership across Table I + Table II remains roughly constant; only the legal vehicle of the shares moves. --- Source: 13F Insight — https://13finsight.com/news/anthony-wood-roku-1-23b-conversion-sells-fmr-10-5-percent Author: Alex Rivera — https://13finsight.com/authors/alex-rivera Last updated: 2026-05-11T00:41:47.487Z