Roblox Chief Baszucki's $45M Stock Sale Includes Major Charitable Donation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
David Baszucki, President, CEO, Director, and 10% owner of Roblox (RBLX), reported significant insider transactions on June 17, 2025, executed under a Rule 10b5-1 Plan established on November 4, 2024.
Key transactions include:
- Exercised 454,963 stock options at $3.405 per share
- Sold 454,963 shares at an average price of $100.6074
- Gifted 45,496 shares to a charitable organization
- Transferred 90,992 shares from The Freedom Revocable Trust to The Baszucki Family Foundation
- The Foundation subsequently sold 90,992 shares at $100.6074
- Additional sale of 82,719 shares at $100.6074 from the 2020 Jan Baszucki Gift Trust
Following these transactions, Baszucki holds various positions through direct ownership and indirect beneficial ownership through multiple trusts and foundations. The transactions demonstrate significant insider selling at prices around $100 per share.
Positive
- None.
Negative
- CEO David Baszucki sold 454,963 shares at an average price of $100.61, generating approximately $45.8M in proceeds through a planned 10b5-1 sale
Insider Trade Summary
Net Seller: 628,674 shares ($63,249,257)
Net Sell
8 txns
Insider
Baszucki David
Role
President & CEO
Sold
628,674 shs ($63.25M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 454,963 | $0.00 | -- |
| Exercise | Class A Common Stock | 454,963 | $3.405 | $1.55M |
| Sale | Class A Common Stock | 454,963 | $100.6074 | $45.77M |
| Gift | Class A Common Stock | 45,496 | $0.00 | -- |
| Gift | Class A Common Stock | 90,992 | $0.00 | -- |
| Gift | Class A Common Stock | 90,992 | $0.00 | -- |
| Sale | Class A Common Stock | 90,992 | $100.6074 | $9.15M |
| Sale | Class A Common Stock | 82,719 | $100.6074 | $8.32M |
Holdings After Transaction:
Stock Option (Right to Buy) — 380,052 shares (Direct);
Class A Common Stock — 666,522 shares (Direct);
Class A Common Stock — 286,820 shares (Indirect, See Footnote)
Footnotes (1)
- The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 Plan adopted by the Reporting Person on November 04, 2024. 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. The price reported in column 4 is an average price. These shares were sold in multiple transactions at prices ranging from $100.44 to $101.00, 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 shares reported in this transaction represent a gift to a charitable organization. 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. Represents a transfer of shares by The Freedom Revocable Trust dated February 28, 2017 as amended to The Baszucki Family Foundation. These shares are held by The Baszucki Family Foundation. The Reporting Person may be deemed to have beneficial ownership of the securities held by the Foundation. These shares are held by the 2020 Jan Baszucki Gift Trust dtd 4/3/2020 of which the Bessemer Trust Company of Delaware, N.A. serves as trustee. The spouse of the Reporting Person may be deemed to have beneficial ownership of the securities held by the Gift Trust. All of the shares subject to the option are fully vested and exercisable as of the date hereof.
FAQ
What insider transactions did RBLX CEO David Baszucki report on June 17, 2025?
On June 17, 2025, RBLX CEO David Baszucki exercised 454,963 stock options at $3.405 per share and subsequently sold the same number of shares at an average price of $100.6074. He also made charitable gifts totaling 45,496 shares and transferred 90,992 shares to The Baszucki Family Foundation.
How much did RBLX CEO David Baszucki earn from his stock sales on June 17, 2025?
David Baszucki sold 454,963 shares at an average price of $100.6074 per share, generating approximately $45.8 million in gross proceeds before accounting for the $3.405 per share exercise cost of the options. The shares were sold in multiple transactions at prices ranging from $100.44 to $101.00.
Were RBLX CEO Baszucki's stock sales planned in advance?
Yes, all transactions were executed pursuant to a Rule 10b5-1 trading plan that was established on November 04, 2024. This type of plan allows insiders to pre-schedule trades to avoid accusations of trading on material non-public information.