RBLX Founder Cashes In Options, Gifts Shares to Charity

Rhea-AI Filing Summary

Roblox (NYSE:RBLX) filed a Form 4 on 26 Jun 2025 detailing CEO/Chairman David Baszucki’s insider transactions on 24-25 Jun 2025.

• Option exercises: 240,545 shares exercised at $3.405 (strike set 1/23/2030).
• Sales: 288,654 shares sold at an average ≈ $105.13, generating ≈ $30 million in gross proceeds.
• Gifts/Transfers: 64,162 shares donated or moved from The Freedom Revocable Trust to The Baszucki Family Foundation.
• Transactions executed under a Rule 10b5-1 plan adopted 04 Nov 2024.
• Baszucki’s post-transaction holdings: 211,559 shares directly; 138,044 shares in the Foundation; other trust holdings noted.

No new equity issued—these are secondary-market moves. While the sale is ~$30 m, it represents a small fraction of Baszucki’s multi-million-share stake.

Positive

• None.

Negative

• CEO David Baszucki sold ~288,654 shares worth ≈ $30 million under a 10b5-1 plan, a sizeable cash-out that can be perceived as reduced insider confidence.

Insights

Insider Transaction Analyst

TL;DR: $30 m CEO sale; limited % of stake; under 10b5-1.

The chief executive monetised 288.7 k shares after exercising low-price options. Although dollar value is large, the sale appears pre-programmed and leaves a substantial residual holding (≈ 211 k direct plus indirect trusts). Historical patterns show founders routinely diversify; the charitable transfers further support estate planning. Market perception may still skew negative because timing follows a 2025 share-price rebound, but lack of unexpected disposals and continued ownership mitigate signalling risk.

Portfolio Manager

TL;DR: Neutral—routine diversification; no capital impact.

These secondary sales neither dilute shareholders nor affect Roblox’s cash flows. Exercised options were already expensed; proceeds go to Baszucki, not the company. The remaining direct+indirect stake, plus stated 10b5-1 plan, suggests no abrupt strategy shift. I view the filing as housekeeping—headline risk exists, but fundamental valuation drivers stay unchanged.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Baszucki David

(Last) (First) (Middle)

C/O ROBLOX CORPORATION

3150 S. DELAWARE ST.

(Street)

SAN MATEO CA 94403

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Roblox Corp [ RBLX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	President & CEO

3. Date of Earliest Transaction (Month/Day/Year)
06/24/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	06/24/2025		M(1)		192,617	A	$3.405	404,176(2)	D
Class A Common Stock	06/24/2025		S(1)		192,617	D	$105.1315(3)	211,559(2)	D
Class A Common Stock	06/24/2025		G(1)(4)		19,261	D	$0	176,567	I	See Footnote(5)
Class A Common Stock	06/24/2025		G(1)(6)		38,523	D	$0	138,044	I	See Footnote(5)
Class A Common Stock	06/24/2025		G(1)(6)		38,523	A	$0	39,398	I	See Footnote(7)
Class A Common Stock	06/24/2025		S(1)		38,523	D	$105.1315(3)	875	I	See Footnote(7)
Class A Common Stock	06/25/2025		M(1)		47,928	A	$3.405	259,487(2)	D
Class A Common Stock	06/25/2025		S(1)		47,928	D	$105.1375(3)	211,559(2)	D
Class A Common Stock	06/25/2025		G(1)(4)		4,792	D	$0	133,252	I	See Footnote(5)
Class A Common Stock	06/25/2025		G(1)(6)		9,586	D	$0	123,666	I	See Footnote(5)
Class A Common Stock	06/25/2025		G(1)(6)		9,586	A	$0	10,461	I	See Footnote(7)
Class A Common Stock	06/25/2025		S(1)		9,586	D	$105.1375	875	I	See Footnote(7)
Class A Common Stock								14,485	I	See Footnote(8)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right to Buy)	$3.405	06/24/2025		M			192,617	(9)	01/23/2030	Class A Common Stock	192,617	$0	187,435	D
Stock Option (Right to Buy)	$3.405	06/25/2025		M			47,928	(9)	01/23/2030	Class A Common Stock	47,928	$0	139,507	D

Explanation of Responses:

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.

2. 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.

3. The price reported in column 4 is an average price. These shares were sold in multiple transactions at prices ranging from $105.12 to $105.22, 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.

4. The shares reported in this transaction represent a gift to a charitable organization.

5. 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.

6. Represents a transfer of shares by The Freedom Revocable Trust dated February 28, 2017 as amended to The Baszucki Family Foundation.

7. 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.

8. 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.

9. All of the shares subject to the option are fully vested and exercisable as of the date hereof.

Remarks:

	/s/ Mark Reinstra Attorney-in-Fact for David Baszucki	06/26/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many Roblox shares did CEO David Baszucki sell in June 2025?

The Form 4 shows sales of 288,654 Class A shares on 24-25 Jun 2025.

What was the average selling price of the RBLX shares sold by the CEO?

Shares were sold at an average of $105.13 on 24 Jun and $105.14 on 25 Jun 2025.

Were these insider sales executed under a 10b5-1 trading plan?

Yes. All transactions were made pursuant to a Rule 10b5-1 plan adopted on 04 Nov 2024.

How many RBLX shares does Baszucki still hold after these transactions?

He directly owns 211,559 shares and indirectly controls 138,044 shares via The Baszucki Family Foundation, plus other trust holdings.

What was the exercise price for the options converted by the CEO?

The options were exercised at $3.405 per share and were fully vested, expiring 23 Jan 2030.

Did the CEO make any charitable gifts of Roblox stock?

Yes, he gifted 19,261 shares to a charitable organization and transferred 44,309 shares to The Baszucki Family Foundation.