Roblox (NYSE: RBLX) CEO sells shares in mandatory RSU tax sale
Rhea-AI Filing Summary
Roblox Corp (RBLX) reported insider activity by President & CEO David Baszucki involving sales of Class A Common Stock primarily to satisfy tax obligations tied to equity compensation. On August 20, 2026, he sold 38,208 shares at a weighted average price of $37.7776 per share and 14,360 shares at a weighted average price of $38.4396 per share. Footnotes state these transactions represent shares sold to cover statutory tax withholding obligations from vesting Restricted Stock Units under a mandatory sell-to-cover arrangement and are not discretionary sales. After these transactions, an indirect position of 3,493,765 Class A shares is reported as held by The Freedom Revocable Trust dated February 28, 2017, for which Baszucki serves as trustee, a portion of which consists of RSUs.
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Insights
Analyzing...
Insider Trade Summary
Net Seller: 52,568 shares
Net Sell
3 txns
Insider
Baszucki David
Role
President & CEO
Sold
52,568 shs ($2.00M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F1, F2, F3 | 38,208 | $37.7776 | $1.44M |
| Sale | Class A Common Stock F1, F4, F3 | 14,360 | $38.4396 | $552K |
| holding | Class A Common Stock F5 | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 799,646 shares (Direct);
Class A Common Stock — 3,493,765 shares (Indirect, See Footnote)
Footnotes (5)
- F1. 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.
- F2. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $37.21 to $38.20, 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.
- F3. 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.
- F4. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $38.23 to $38.90, 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.
- F5. 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.
Key Figures
Shares sold (first transaction): 38,208 shares
Weighted average sale price (first transaction): $37.7776 per share
Shares sold (second transaction): 14,360 shares
+3 more
6 metrics
Shares sold (first transaction)
38,208 shares
Class A Common Stock sold on August 20, 2026 to cover tax withholding
Weighted average sale price (first transaction)
$37.7776 per share
Sales executed in a range of $37.21 to $38.20 per share
Shares sold (second transaction)
14,360 shares
Class A Common Stock sold on August 20, 2026 to cover tax withholding
Weighted average sale price (second transaction)
$38.4396 per share
Sales executed in a range of $38.23 to $38.90 per share
Total net shares sold
52,568 shares
Net sell volume across reported transactions on August 20, 2026
Indirect shares held after transactions
3,493,765 shares
Class A shares held by The Freedom Revocable Trust dated February 28, 2017
Key Terms
sell-to-cover, Restricted Stock Units, weighted average price, statutory tax withholding obligations, +1 more
5 terms
sell-to-cover financial
"sold pursuant to a mandatory "sell-to-cover" arrangement under the Issuer's equity"
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.
Restricted Stock Units financial
"arising in connection with the vesting of certain Restricted Stock Units ("RSUs")"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
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.
statutory tax withholding obligations financial
"sold to cover statutory tax withholding obligations arising in connection"
Revocable Trust financial
"held directly by The Freedom Revocable Trust dated February 28, 2017"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
FAQ
What did Roblox (RBLX) CEO David Baszucki report in this Form 4?
David Baszucki reported two sales totaling 52,568 Class A shares of Roblox on August 20, 2026, executed under a mandatory sell-to-cover arrangement to satisfy statutory tax withholding obligations arising from vesting RSUs, which the filing explains are not discretionary transactions.
What role do Restricted Stock Units (RSUs) play in this Roblox (RBLX) Form 4?
The Form 4 states that a portion of the reported securities are Restricted Stock Units (RSUs), each representing a contingent right to receive one Class A share. The reported sales cover tax withholding obligations arising from the vesting of certain RSUs.
Was a Rule 10b5-1 trading plan indicated for this Roblox (RBLX) Form 4?
No. The Form 4 indicates the Rule 10b5-1 checkbox is not selected at the document level. Instead, the footnote specifies that the sales were made under a mandatory sell-to-cover tax arrangement in the company’s equity incentive plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
