RBLX Insider Filing: 1,125 RSUs Converted to Phantom Stock by Director

Rhea-AI Filing Summary

Jason Kilar, a director of Roblox Corporation (RBLX), reported a transaction dated 08/20/2025 in which 1,125 restricted stock units (RSUs) previously granted vested but the receipt of 1,125 shares of Class A Common Stock was deferred under the issuer's deferred compensation plan. Instead of receiving the shares, the reporting person received 1,125 shares of phantom stock, each representing a right to one share of Class A Common Stock payable in a lump sum upon separation from service. Following the reported transaction, the Form 4 shows 18,414 shares beneficially owned (non-derivative) and 5,892 derivative securities beneficially owned.

Insights

Corporate Governance Expert

TL;DR: Routine director compensation deferral; no immediate change to voting shares but shifts timing of economic interest.

The filing documents a common executive/director compensation election to defer vested RSUs into phantom stock under the company's deferred compensation plan. This preserves the director's economic exposure while postponing actual share issuance until separation from service. The transaction does not indicate share sales or dilution and is presented as an administrative exchange rather than a liquidity event.

Compensation Analyst

TL;DR: Compensation deferral converts vested RSUs to payout-rights; aligns with retention-focused plan provisions.

The exchange of 1,125 vested RSUs for 1,125 phantom shares converts equity awards into plan-based payout rights payable at termination, maintaining potential future upside while deferring tax and settlement. The specific numbers reported (1,125 units exchanged; post-transaction holdings of 18,414 non-derivative and 5,892 derivative units) are disclosed; there is no indication of cash proceeds or price impact in this Form 4.

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

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

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^*

KILAR JASON

(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		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/20/2025

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
Restricted Stock Unit	08/20/2025		J(1)		1,125	D	$0(1)	18,414(1)(2)	D

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
Phantom Stock	(3)	08/20/2025		J(1)		1,125		(4)	(4)	Class A Common Stock	1,125	(1)	5,892	D

Explanation of Responses:

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.

2. 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.

3. Each share of phantom stock represents a right to receive one share of Class A Common Stock.

4. The phantom stock becomes payable in one lump sum payment upon separation from service.

Remarks:

	/s/ Mark Reinstra Attorney-in-Fact for Jason Kilar	08/22/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What did Jason Kilar report on the Form 4 for Roblox (RBLX)?

The Form 4 reports that on 08/20/2025 Jason Kilar deferred receipt of 1,125 vested RSUs, receiving 1,125 phantom stock instead under the issuer's deferred compensation plan.

How many shares does the Form 4 show beneficially owned after the transaction for RBLX?

The Form 4 shows 18,414 non-derivative shares beneficially owned following the reported transaction and 5,892 derivative securities beneficially owned.

What is phantom stock in the context of this Form 4 filing?

According to the filing, each share of phantom stock represents a right to receive one share of Class A Common Stock, with payment in a lump sum upon separation from service.

Did the Form 4 report any sale or cash proceeds from the transaction?

No sale or cash proceeds were reported; the filing documents an exchange of 1,125 Class A shares for an equal number of phantom shares under a deferral arrangement.

When was the Form 4 signed and who signed it?

The filing is signed 08/22/2025 by Mark Reinstra as Attorney-in-Fact for Jason Kilar.