Roblox CEO Sells $45M in Stock, Donates Shares to Charity
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.
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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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 454,963 | $0.00 | $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 | $0.00 |
| Gift | Class A Common Stock | 90,992 | $0.00 | $0.00 |
| Gift | Class A Common Stock | 90,992 | $0.00 | $0.00 |
| Sale | Class A Common Stock | 90,992 | $100.6074 | $9.15M |
| Sale | Class A Common Stock | 82,719 | $100.6074 | $8.32M |
Footnotes (9)
- F1. 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.
- F2. 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.
- F3. 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.
- F4. The shares reported in this transaction represent a gift to a charitable organization.
- F5. 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.
- F6. Represents a transfer of shares by The Freedom Revocable Trust dated February 28, 2017 as amended to The Baszucki Family Foundation.
- F7. 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.
- F8. 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.
- F9. All of the shares subject to the option are fully vested and exercisable as of the date hereof.
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