Roblox (RBLX) CEO Baszucki receives major PSU and RSU equity grants
Rhea-AI Filing Summary
Baszucki David reported acquisition or exercise transactions in this Form 4 filing.
Roblox Corp reported that President & CEO David Baszucki received equity awards. He was granted 613,822 performance stock units, each representing a contingent right to one share of Class A common stock, and 102,303 Class A shares in the form of restricted stock units at no cash cost.
The performance stock units vest only if Roblox meets specified Bookings, Covenant Adjusted EBITDA margin, and relative total shareholder return targets over a two-year period from January 1, 2026 to December 31, 2027, with vesting after performance is certified. The RSUs are scheduled to vest in 12 installments beginning May 20, 2026, as long as Baszucki continues as a service provider. A separate indirect holding of 806,254 Class A shares is held by The Freedom Revocable Trust, for which he serves as trustee.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Stock Unit | 613,822 | $0.00 | -- |
| Grant/Award | Class A Common Stock | 102,303 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- These securities are Restricted Stock Units ("RSUs"). Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock. 1/12th of the RSUs shall vest on May 20, 2026 and 1/12th of the RSUs shall vest quarterly thereafter, subject to the Reporting Person continuing as a service provider through each such date. A portion of these securities are RSUs. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock. These shares are held directly by The Freedom Revocable Trust dated February 28, 2017 as amended, and for which the Reporting Person serves as trustee. Each performance stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock. Represents that maximum number of shares of Class A Common Stock which may be issued under this award. The vesting of the performance stock units ("PSUs") is subject to satisfying performance-based requirements, including the achievement of certain Bookings and Covenant Adjusted EBITDA margin targets by the Issuer for two successive one-year periods beginning January 1, 2026 and a relative total shareholder return target by the Issuer during a two-year performance period from January 1, 2026 and December 31, 2027. Subject to continued service by the Reporting Person on the vesting date, 100% of the PSUs eligible to vest based on performance will vest following certification of performance results by our Leadership Development and Compensation Committee after the end of the two-year performance period on December 31, 2027.