Despite reeling from the effects of a global pandemic that has widely affected economic activities, 2021 has definitely been an excellent year monetarily-wise for some people, and mostly people from the upper economic echelons. One of such people is Anthony Wood, the CEO of the publicly-traded video streaming hardware maker Roku, who’s been revealed to have sold over $270 million worth of Roku shares just two months into 2021.

According to securities filings, Anthony Wood has converted units of Roku shares into hard cash to the tune of over $270 million this year, with the sales made under a pre-determined trading plan. He’s precisely sold $272,632,403 worth of shares in four respective transactions just two months into 2021, the amount being more than what he sold in the whole of 2020.

As Roku’s founder and long-time CEO, Wood owns a big stake in the company that’s worth billions of dollars. It’s such that according to Forbes, he commands a personal net worth of nearly $10 billion.

When Roku went public in 2017, Wood owned 27.5% of the company’s outstanding shares, then at a time when the company had a market value of over $4 billion. Now, a few years later, Roku has soared to have a market value of over $59 billion while Wood has trimmed his stake in the company by a significant amount. But still, he holds a big chunk of the company known to be in the double-digit percentages.

According to the finance site Wallmine, Anthony Wood has sold at least $657 million worth of Roku shares since 2018.

Roku has soared in recent years as it’s posted rapidly growing revenue from the video streaming market. Over the past year, the company’s stock has risen nearly 270% and then about 40% in 2021 alone.

Roku posted its financial results for the fourth and final quarter of 2020 this week on Thursday. The company posted $650 million in sales in Q4 2020, up 58% over the year. It posted sales of $1.8 billion in the whole year, up 58% over the year.

Though, Roku is slightly unprofitable, as it posted a net loss of $17.5 million in 2020. That amount however pales in comparison to its 2020 revenues of $1.8 billion, indicating a very healthy and growing business for the company.

As CEO, Wood is one of Roku’s highest-paid executives. In 2019, he earned a total compensation package of $13 million. 

Photo credit: Fortune Live Media, licensed under CC BY-ND 2.0

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