Roblox (RBLX) CFO awarded 135,320 PSUs and 73,299 RSUs in equity grant
Rhea-AI Filing Summary
CHOPRA NAVEEN K. reported acquisition or exercise transactions in this Form 4 filing.
Roblox Corp Chief Financial Officer Naveen K. Chopra reported equity awards consisting of 135,320 performance stock units and 73,299 shares of Class A common stock granted at a price of $0.00 per share. Each performance stock unit and restricted stock unit represents a contingent right to receive one share of Class A common stock.
For the restricted stock units, 1/12 vests on May 20, 2026, with the remainder vesting in equal quarterly installments thereafter, subject to continued service. The performance stock units vest based on Roblox achieving specified Bookings and Covenant Adjusted EBITDA margin targets for two successive one-year periods starting January 1, 2026, and a relative total shareholder return target over a two-year performance period from January 1, 2026 to December 31, 2027, with eligible units vesting after performance certification.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Stock Unit | 135,320 | $0.00 | -- |
| Grant/Award | Class A Common Stock | 73,299 | $0.00 | -- |
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. 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.