Roblox (NYSE: RBLX) CEO Baszucki logs PSU vesting and tax-cover sales
Rhea-AI Filing Summary
Roblox Corporation’s President, CEO and 10% owner David Baszucki reported PSU vesting and related share sales. On February 9, 2026, 893,068 performance stock units were converted into the same number of Class A shares at an exercise price of $0. Following this, he held 1,083,642 shares directly and 806,254 shares indirectly through The Freedom Revocable Trust.
On February 10, 2026, Baszucki sold 250,482 shares at an average price of $72.6179 and 21,787 shares at $73.1298. The filing states these shares were sold to cover statutory tax withholding obligations from PSU vesting and were not discretionary sales. Footnotes explain that 598,355 PSUs vested immediately after the compensation committee certified performance against cumulative Bookings and EBITDA targets for the period from January 1, 2024 to December 31, 2025, with the remaining PSUs vesting in quarterly installments through February 20, 2027, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 250,482 | $72.6179 | $18.19M |
| Sale | Class A Common Stock | 21,787 | $73.1298 | $1.59M |
| Exercise | Performance Stock Unit | 893,068 | $0.00 | -- |
| Exercise | Class A Common Stock | 893,068 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- Upon certification by the Issuer's Leadership Development and Compensation Committee on February 9, 2026 of the achievement of certain performance criteria, 598,355 performance stock units ("PSUs") vested. The remaining PSUs will vest on May 20, 2026 (73,678 PSUs), August 20, 2026 (73,678 PSUs), November 20, 2026 (73,678 PSUs), and February 20, 2027 (73,679 PSUs), in each case subject to the Reporting Person's continued service. Each Performance Stock Unit ("PSU") represents a contingent right to receive one share of the Issuer's Class A Common 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. Represents the number of shares sold to cover the statutory tax withholding obligations in connection with the vesting of performance stock units ("PSUs"). This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of minimum statutory tax withholding obligations to be funded by a "sell-to-cover" transaction and does not represent a discretionary sale by the Reporting Person. The price reported in column 4 is an average price. These shares were sold in multiple transactions at prices ranging from $72.01 to $73.005, 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. The price reported in column 4 is an average price. These shares were sold in multiple transactions at prices ranging from $73.01 to $73.34, 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. 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. The vesting of the performance stock units ("PSUs") was subject to satisfying both a performance-based requirement and a service-based requirement. The performance-based requirement was satisfied based on the achievement of certain cumulative Bookings and EBITDA targets by the Issuer between January 1, 2024 and December 31, 2025, as certified by the Issuer's Leadership Development and Compensation Committee on February 9, 2026. Following certification, 67% of the PSUs vested immediately on February 9, 2026. The remaining 33% of the PSUs will vest in approximately equal quarterly installments on May 20, 2026, August 20, 2026, November 20, 2026, and February 20, 2027, in each case subject to the Reporting Person's continued service.