Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
- Peter Lynch
What is insider trading>>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Roku, Inc.
(Name of Issuer)
Class A Common Stock,
par value $0.0001 per share
(Title of Class of Securities)
77543R102
(CUSIP Number)
December 31, 2018
(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
| ☐ | Rule 13d-1(b) |
| ☐ | Rule 13d-1(c) |
| ☒ | Rule 13d-1(d) |
| * | The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. |
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
| 1 | Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Globespan Capital Partners V, L.P. | |
| 2 | Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☐
| |
| 3 | SEC Use Only
| |
| 4 | Citizenship or Place of Organization.
Delaware |
| Number of Shares Beneficially Owned by Each Reporting Person With | 5 | Sole Voting Power
0 shares | ||
| 6 | Shared Voting Power
739,745 shares (1) Refer to Item 4 below. | |||
| 7 | Sole Dispositive Power
0 shares | |||
| 8 | Shared Dispositive Power
739,745 shares (1) Refer to Item 4 below. |
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
739,745 shares (1) Refer to Item 4 below. | |
| 10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ☐ N/A
| |
| 11 | Percent of Class Represented by Amount in Row (9)*
0.95% (2) Refer to Item 4 below. | |
| 12 | Type of Reporting Person (See Instructions)
PN (Limited Partnership) |
| (1) | Represents 739,745 shares of Class A Common Stock held directly by Globespan Capital Partners V, L.P. (“GCP V”). |
| (2) | The percent of class was calculated based on 77,223,289 shares of Class A Common Stock outstanding as of October 31, 2018 (as reported in the Issuer’s Form 10-Q filed with the SEC on November 9, 2018). |
| 1 | Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Andrew P. Goldfarb | |
| 2 | Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☐
| |
| 3 | SEC Use Only
| |
| 4 | Citizenship or Place of Organization.
United States |
| Number of Shares Beneficially Owned by Each Reporting Person With | 5 | Sole Voting Power
0 shares | ||
| 6 | Shared Voting Power
825,866 shares (1) Refer to Item 4 below. | |||
| 7 | Sole Dispositive Power
0 shares | |||
| 8 | Shared Dispositive Power
825,866 shares (1) Refer to Item 4 below. |
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
825,866 shares (1) Refer to Item 4 below. | |
| 10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ☐ N/A
| |
| 11 | Percent of Class Represented by Amount in Row (9)*
1.06% (2) Refer to Item 4 below. | |
| 12 | Type of Reporting Person (See Instructions)
IN |
| (1) | Represents 739,745 shares of Class A Common Stock held directly by GCP V and 86,121 shares of Class A Common Stock held directly by another affiliated Globespan fund. Mr. Goldfarb, as the ultimate beneficial owner of (i) GCP V and (ii) such other entity, may be deemed to beneficially own the shares of stock held directly by GCP V and such other entity. |
| (2) | The percent of class was calculated based on 77,223,289 shares of Class A Common Stock outstanding as of October 31, 2018 (as reported in the Issuer’s Form 10-Q filed with the SEC on November 9, 2018). |
| Item 1. | |
| (a) | Name of Issuer |
Roku, Inc.
| (b) | Address of Issuer’s Principal Executive Offices |
150 Winchester Circle
Los Gatos, California 95032
| Item 2. | |
| (a) | Name of Person Filing |
Globespan Capital Partners V, L.P.
Andrew P. Goldfarb
| (b) | Address of Principal Business Office or, if none, Residence |
One Boston Place, Suite 2810
Boston, MA 02108
| (c) | Citizenship |
Globespan Capital Partners V, L.P. - Delaware
Andrew P. Goldfarb - United States
| (d) | Title of Class of Securities |
Class A Common Stock, $0.0001 par value per share
| (e) | CUSIP Number |
77543R102
| Item 3. | If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: |
| (a) ☐ |
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). | |
| (b) ☐ |
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). | |
| (c) ☐ |
Insurance Company as defined in Section 3(a)(19) of the Act | |
| (d) ☐ |
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8). | |
| (e) ☐ |
An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); | |
| (f) ☐ |
An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); | |
| (g) ☐ |
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G); | |
| (h) ☐ |
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); | |
| (i) ☐ |
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); | |
| (j) ☐ |
Group, in accordance with §240.13d-1(b)(1)(ii)(J). | |
| Item 4. | Ownership*** |
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
| (a) | Amount Beneficially Owned*** |
Globespan Capital Partners V, L.P. – 739,745 shares
Andrew P. Goldfarb – 825,866 shares
| (b) | Percent of Class |
Globespan Capital Partners V, L.P. – 0.95%
Andrew P. Goldfarb – 1.06%
| (c) | Number of shares as to which such person has: |
| (i) | sole power to vote or to direct the vote |
Globespan Capital Partners V, L.P. - 0 shares
Andrew P. Goldfarb - 0 shares
| (ii) | shared power to vote or to direct the vote |
Globespan Capital Partners V, L.P. – 739,745 shares
Andrew P. Goldfarb – 825,866 shares
| (iii) | sole power to dispose or to direct the disposition of |
Globespan Capital Partners V, L.P. - 0 shares
Andrew P. Goldfarb - 0 shares
| (iv) | shared power to dispose or to direct the disposition of |
Globespan Capital Partners V, L.P. – 739,745 shares
Andrew P. Goldfarb – 825,866 shares
*** Globespan Capital Partners V, L.P. (“GCP V”) directly holds 739,745 shares of Class A Common Stock, which represents approximately 0.95% of the outstanding shares of Class A Common Stock.
Mr. Goldfarb, as the ultimate beneficial owner of (i) GCP V and (ii) another affiliated Globespan fund (the “Holder”), may be deemed to beneficially own the 739,745 shares of Class A Common Stock held directly by GCP V and 86,121 shares of Class A Common Stock held directly by the Holder (for a total of 825,866 shares of Class A Common Stock), which represents approximately 1.06% of the outstanding shares of Class A Common Stock.
The percentages herein are calculated based upon the 77,223,289 shares of Class A Common Stock issued and outstanding as of October 31, 2018, as reported in the Issuer’s Form 10-Q filed with the SEC on November 9, 2018.
Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein except to the extent of its or his pecuniary interest therein.
| Item 5. | Ownership of Five Percent or Less of a Class |
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [X].
| Item 6. | Ownership of More than Five Percent on Behalf of Another Person |
The limited partners of GCP V and the limited partners of the Holder may have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares reported on this Schedule 13G.
| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company |
Not applicable.
| Item 8. | Identification and Classification of Members of the Group |
Not applicable.
| Item 9. | Notice of Dissolution of Group |
Not applicable.
| Item 10. | Certification |
Not applicable.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Statement is true, complete and correct.
February 14, 2019
| GLOBESPAN CAPITAL PARTNERS V, L.P. | ||
| By: /s/ Andrew P. Goldfarb | ||
| Name: Andrew P. Goldfarb | ||
| Title: Executive Managing Director of the General Partner of the General Partner | ||
| ANDREW P. GOLDFARB | ||
| By: /s/ Andrew P. Goldfarb | ||
| Name: Andrew P. Goldfarb | ||
JOINT FILING AGREEMENT
This Joint Filing Agreement, dated as of February 14, 2019, is by and Globespan Capital Partners V, L.P. and Andrew P. Goldfarb (collectively, the “Filers”).
Each of the Filers may be required to file with the United States Securities and Exchange Commission a statement on Schedule 13D and/or 13G with respect to shares of common stock of Roku, Inc. beneficially owned by them from time to time.
Pursuant to and in accordance with Rule 13(d)(1)(k) promulgated under the Securities Exchange Act of 1934, as amended, the Filers hereby agree to file a single statement on Schedule 13D and/or 13G (and any amendments thereto) on behalf of each of the Filers, and hereby further agree to file this Joint Filing Agreement as an exhibit to such statement, as required by such rule.
This Joint Filing Agreement may be terminated by any of the Filers upon written notice or such lesser period of notice as the Filers may mutually agree.
Executed and delivered as of the date first above written.
| GLOBESPAN CAPITAL PARTNERS V, L.P. | ||
| By: /s/ Andrew P. Goldfarb | ||
| Name: Andrew P. Goldfarb | ||
| Title: Executive Managing Director of the General Partner of the General Partner | ||
| ANDREW P. GOLDFARB | ||
| By: /s/ Andrew P. Goldfarb | ||
| Name: Andrew P. Goldfarb | ||