Roblox (RBLX) CFO Chopra sells 16,863 shares in mandatory tax sell-to-cover
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Roblox Corp Chief Financial Officer Naveen K. Chopra reported mandatory share sales tied to tax withholding on vested RSUs. On Class A Common Stock, a total of 16,863 shares were sold on May 20, 2026 under a required “sell-to-cover” arrangement to satisfy statutory tax obligations, rather than as a discretionary trade. The reported prices reflect weighted averages for multiple trades within disclosed intraday price ranges.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 16,863 shares ($763,602)
Net Sell
2 txns
Insider
CHOPRA NAVEEN K.
Role
Chief Financial Officer
Sold
16,863 shs ($764K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 1,873 | $44.4721 | $83K |
| Sale | Class A Common Stock | 14,990 | $45.384 | $680K |
Holdings After Transaction:
Class A Common Stock — 395,748 shares (Direct, null)
Footnotes (1)
- Represents the number of shares sold to cover statutory tax withholding obligations arising in connection with the vesting of certain Restricted Stock Units ("RSUs"). These shares were sold pursuant to a mandatory "sell-to-cover" arrangement under the Issuer's equity incentive plan to satisfy tax withholding obligations and do not represent a discretionary transaction by the Reporting Person. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $43.94 to $44.92, inclusive. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. 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. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $44.94 to $45.92, inclusive. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Key Figures
Shares sold total: 16,863 shares
First block shares sold: 14,990 shares
Second block shares sold: 1,873 shares
+2 more
5 metrics
Shares sold total
16,863 shares
Class A Common Stock; tax-related sales on May 20, 2026
First block shares sold
14,990 shares
Class A Common Stock at $45.3840 weighted average price
Second block shares sold
1,873 shares
Class A Common Stock at $44.4721 weighted average price
Price range block 1
$44.94–$45.92
Multiple transactions; weighted into $45.3840 average
Price range block 2
$43.94–$44.92
Multiple transactions; weighted into $44.4721 average
Key Terms
Restricted Stock Units ("RSUs"), sell-to-cover, weighted average price, equity incentive plan
4 terms
Restricted Stock Units ("RSUs") financial
"A portion of these securities are Restricted Stock Units ("RSUs")."
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.
sell-to-cover financial
"sold pursuant to a mandatory "sell-to-cover" arrangement under the Issuer's equity incentive plan"
Sell-to-cover is when part of newly issued or exercised company stock is immediately sold to pay required taxes and fees, so the recipient keeps the remaining shares. For investors this matters because it reduces the number of shares insiders or employees actually hold after a grant, can create small, routine share sales that aren’t signal of cashing out, and slightly increases share supply on the market—like selling a portion of a paycheck to cover the tax bill.
weighted average price financial
"The price reported in column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
equity incentive plan financial
"mandatory "sell-to-cover" arrangement under the Issuer's equity incentive plan to satisfy tax withholding"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
FAQ
What role do RSUs play in the Roblox (RBLX) CFO’s Form 4?
A portion of the reported securities are Restricted Stock Units (RSUs), each representing a right to receive one Roblox Class A share. When these RSUs vested, shares were automatically sold to cover tax withholding, which created the reported transactions in this Form 4.