Roblox (RBLX) director Jason Kilar gets RSU grant and shifts shares to phantom stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
KILAR JASON reported acquisition or exercise transactions in this Form 4 filing.
Roblox director Jason Kilar reported equity compensation and a related restructuring of his holdings. He received 5,185 Restricted Stock Units (RSUs) of Class A Common Stock, bringing his direct holdings to 20,223 shares. Separately, 1,126 shares that vested on May 27, 2026 were deferred into an equal number of phantom stock units under the company’s deferred compensation plan, leaving 4,501 phantom stock units outstanding. The RSUs will vest in four installments through dates in 2026 and 2027, subject to his continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
KILAR JASON
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 5,185 | $0.00 | -- |
| Other | Phantom Stock | 1,126 | $0.00 | -- |
| Other | Class A Common Stock | 1,126 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 20,223 shares (Direct, null);
Phantom Stock — 4,501 shares (Direct, null)
Footnotes (1)
- In connection with the vesting on May 27, 2026, of Restricted Stock Units ("RSUs") previously granted to the Reporting Person, the Reporting Person's receipt of 1,126 shares of Class A Common Stock was deferred, resulting in the Reporting Person's receipt instead of 1,126 shares of phantom stock pursuant to the Issuer's deferred compensation plan. The Reporting Person is therefore reporting the disposition of 1,126 shares of Class A Common Stock in exchange for an equal number of shares of phantom stock. A portion of 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. 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. 1/4th of the RSUs shall vest on each of August 20, 2026, November 20, 2026 and February 20, 2027, and the remaining 1/4th of the RSUs shall vest on the earlier of (i) the day before the annual meeting of stockholders held in 2027 or (ii) May 28, 2027, subject to the Reporting Person continuing as a service provider through each vest date. Each share of phantom stock represents a right to receive one share of Class A common stock. The phantom stock becomes payable in one lump sum payment upon separation from service.
Key Figures
RSUs granted: 5,185 RSUs
Direct shares after grant: 20,223 shares
Shares exchanged for phantom stock: 1,126 shares
+2 more
5 metrics
RSUs granted
5,185 RSUs
Grant of Restricted Stock Units to Jason Kilar
Direct shares after grant
20,223 shares
Class A Common Stock held directly after RSU grant
Shares exchanged for phantom stock
1,126 shares
Vested shares deferred into phantom stock units on May 27, 2026
Phantom stock units after transaction
4,501 units
Phantom stock balance following restructuring
First RSU vesting date
August 20, 2026
First of four scheduled RSU vesting dates
Key Terms
Restricted Stock Units ("RSUs"), phantom stock, deferred compensation plan, separation from service
4 terms
Restricted Stock Units ("RSUs") financial
"These securities are Restricted Stock Units ("RSUs"). Each RSU represents a contingent right to receive one share..."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
phantom stock financial
"The Reporting Person's receipt of 1,126 shares of Class A Common Stock was deferred, resulting in ... phantom stock..."
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
deferred compensation plan financial
"phantom stock pursuant to the Issuer's deferred compensation plan."
A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.
separation from service financial
"The phantom stock becomes payable in one lump sum payment upon separation from service."
FAQ
What did Roblox (RBLX) director Jason Kilar report in this Form 4?
Jason Kilar reported an equity award and a restructuring of his holdings. He received 5,185 Restricted Stock Units and reclassified 1,126 vested shares into phantom stock under Roblox’s deferred compensation plan, updating both stock and phantom unit balances.
How many Roblox (RBLX) RSUs were granted to Jason Kilar and how do they vest?
Jason Kilar was granted 5,185 Restricted Stock Units. Each RSU represents a right to one Class A share, vesting in four tranches on August 20, 2026, November 20, 2026, February 20, 2027, and before or on May 28, 2027, assuming continued service.
What are Roblox (RBLX) phantom stock units held by Jason Kilar?
Each phantom stock unit represents a right to receive one share of Roblox Class A common stock. These units are part of a deferred compensation plan and become payable in a single lump-sum distribution when Kilar separates from service with the company.
Is Jason Kilar’s Roblox (RBLX) Form 4 a market buy or sell?
The Form 4 reflects compensation and restructuring, not open-market trades. It reports an RSU grant and an exchange of 1,126 vested shares for phantom stock units under a deferred compensation plan, rather than discretionary share purchases or sales.