Roblox Insider Filing: 1,125 RSUs Converted to Deferred Phantom Shares
Rhea-AI Filing Summary
Roblox Corp (RBLX) director Gina Mastantuono reported a Form 4 disclosing a change in beneficial ownership tied to RSU vesting and deferred compensation. The filing shows that on 08/20/2025, 1,125 shares of Class A Common Stock that vested were not received as shares but were exchanged for 1,125 shares of phantom stock under the issuer's deferred compensation plan. The Form 4 reports a disposition of 1,125 Class A shares and indicates the reporting person beneficially owned 17,748 shares of Class A Common Stock following the transaction. The phantom shares each represent a right to one Class A share and become payable in a lump sum upon separation from service.
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Insights
TL;DR: Routine insider report: vested RSUs converted into deferred phantom stock; no open-market sale or purchase reported.
The Form 4 documents a non-sale disposition under a deferred compensation arrangement: 1,125 vested RSUs were deferred and converted into 1,125 phantom shares on 08/20/2025. Reporting shows a reduction of 1,125 Class A shares and continued beneficial ownership of 17,748 Class A shares. This is an administrative, contract-based transaction intended to satisfy plan terms and does not reflect a liquidity event or open-market trading by the reporting person.
TL;DR: Administrative governance action—director elected to defer vested compensation into phantom stock per company plan.
The filing indicates the reporting person, identified as a director, used the issuer's deferred compensation mechanism when RSUs vested on 08/20/2025. The conversion to phantom stock preserves economic exposure while deferring settlement until separation from service. The phantom stock is payable in a lump sum upon departure, aligning with typical executive compensation controls and disclosure requirements; the transaction appears procedural rather than strategically material.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Phantom Stock | 1,125 | $0.00 | -- |
| Other | Class A Common Stock | 1,125 | $0.00 | -- |
Footnotes (1)
- In connection with the vesting on August 20, 2025, 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. 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.