Roblox (NYSE: RBLX) director swaps 1,125 Class A shares for phantom stock
Rhea-AI Filing Summary
Roblox Corp director Gregory Baszucki reported an internal equity change tied to vesting Restricted Stock Units. Upon vesting on February 20, 2026, his receipt of 1,125 shares of Class A Common Stock was deferred and instead converted into 1,125 shares of phantom stock under the company’s deferred compensation plan.
He is therefore reporting the disposition of 1,125 Class A shares in exchange for an equal number of phantom stock units at a price of $0.00 per share. Following this, he directly holds 3,375 phantom stock units and 10,346 Class A shares. Indirectly, he may be deemed to beneficially own additional Class A shares held by the Greg and Christina Baszucki Living Trust, the Morningstar Dynasty Trust, the Crossbow Dynasty Trust, and a Roth IRA. Each phantom stock unit represents a right to receive one Class A share, payable in a lump sum upon separation from service.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Phantom Stock | 1,125 | $0.00 | -- |
| Other | Class A Common Stock | 1,125 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- In connection with the vesting on February 20, 2026, of Restricted Stock Units ("RSUs") previously granted to the Reporting Person, the Reporting Person's receipt of 1,125 shares of Class A Common Stock was deferred, resulting in the Reporting Person's receipt instead of 1,125 shares of phantom stock pursuant to the Issuer's deferred compensation plan. The Reporting Person is therefore reporting the disposition of 1,125 shares of Class A Common Stock in exchange for an equal number of shares of phantom stock. 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. These shares are held of record by the Greg and Christina Baszucki Living Trust dtd 08/18/2006 of which the Reporting Person serves as trustee. The Reporting Person may be deemed to have beneficial ownership of the shares held by the Trust. These shares are held directly by the Morningstar Dynasty Trust dtd 11/13/2020 of which Bessemer Trust Company of DE, N.A. serves as trustee. The Reporting Person may be deemed to have beneficial ownership of the shares held by the Trust. These shares are held directly by the Crossbow Dynasty Trust dtd 11/13/2020 of which Bessemer Trust Company of DE, N.A. serves as trustee. The Reporting Person may be deemed to have beneficial ownership of the shares held by the Trust. These shares are held directly under a Roth IRA account for the Reporting Person (formerly known as the PENSCO Trust Co). 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.
