Roku's CFO Sells Shares Amid DOJ Review of Fox Acquisition
Dan Jedda, Roku’s Chief Financial Officer and COO, sold 7,000 shares on September 15, 2026 for approximately $1.1 million through a Rule 10b5-1 trading plan. The transaction was non-discretionary and part of an established schedule to avoid conflicts with insider information. The sale occurred just before Roku's stock dropped by about 3% due to the U.S. Department of Justice requesting additional data for its antitrust review of Roku’s pending acquisition by Fox Corporation, which is expected to close in early 2027. While this has delayed the deal slightly and raised investor concerns, Jedda still holds a significant stake worth around $11.6 million as of September 16. Roku continues strong financial performance with Q2 revenue up 22% year-over-year to $1.4 billion and gross profit rising by 35%. The company remains aligned with shareholder interests, despite the recent insider sale.
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