Roblox (NYSE: RBLX) officer logs PSU vesting and share sales
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Roblox Corporation’s Chief People & Systems Officer Arvind Chakravarthy reported performance stock units converting into 114,776 shares of Class A common stock on February 9, 2026 at an exercise price of $0. These PSUs were tied to cumulative Bookings and EBITDA targets achieved between January 1, 2024 and December 31, 2025.
Following certification, 67% of the PSUs vested immediately, with the remaining units scheduled to vest quarterly through February 20, 2027, subject to continued service. On February 10, 2026, shares were sold, including 32,310 and 3,021 shares to cover tax withholding obligations from the PSU vesting, at average prices of $72.6121 and $73.1244. On February 11, 2026, additional open-market sales of 19,918 directly held shares at $67.29 and 40,646 shares held by the Jain Chakravarthy Living Trust at an average of $67.2292 were reported. After these transactions, Chakravarthy directly owns 240,570 Roblox shares and no longer reports indirect holdings through the trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 95,895 shares ($6,639,886)
Net Sell
6 txns
Insider
Chakravarthy Arvind
Role
Chief People & Systems Officer
Sold
95,895 shs ($6.64M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 19,918 | $67.29 | $1.34M |
| Sale | Class A Common Stock | 40,646 | $67.2292 | $2.73M |
| Sale | Class A Common Stock | 32,310 | $72.6121 | $2.35M |
| Sale | Class A Common Stock | 3,021 | $73.1244 | $221K |
| Exercise | Performance Stock Unit | 114,776 | $0.00 | -- |
| Exercise | Class A Common Stock | 114,776 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 240,570 shares (Direct);
Class A Common Stock — 0 shares (Indirect, See Footnote);
Performance Stock Unit — 0 shares (Direct)
Footnotes (1)
- Upon certification by the Issuer's Leadership Development and Compensation Committee on February 9, 2026 of the achievement of certain performance criteria, 76,899 performance stock units ("PSUs") vested. The remaining PSUs will vest on May 20, 2026 (9,470 PSUs), August 20, 2026 (9,469 PSUs), November 20, 2026 (9,469 PSUs), and February 20, 2027 (9,469 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 $73.00, 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 $73.35, 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 $67.17 to $67.47, 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 $67.15 to $67.29, 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 Jain Chakravarthy Living Trust. 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.
FAQ
What insider transactions did Roblox (RBLX) report for Arvind Chakravarthy?
Roblox reported Arvind Chakravarthy’s performance stock units converting into 114,776 Class A shares, followed by multiple open-market sales on February 10–11, 2026. Some sales covered tax withholding; others were discretionary sales of directly held and trust-held shares.
What role did the Jain Chakravarthy Living Trust play in the Roblox (RBLX) Form 4?
The filing shows 40,646 Roblox shares sold on February 11, 2026 were held by the Jain Chakravarthy Living Trust. After this sale, no Roblox shares are reported as indirectly owned through the trust, leaving only directly held shares.
How are Arvind Chakravarthy’s Roblox (RBLX) performance stock units scheduled to vest?
After performance certification on February 9, 2026, 67% of Chakravarthy’s PSUs vested immediately. The remaining 33% are scheduled to vest in roughly equal installments on May 20, August 20, November 20, 2026, and February 20, 2027, subject to continued service.