Roblox Founder Amends Form 4, Reports Small Insider Sale

Rhea-AI Filing Summary

The amended Form 4 discloses that Roblox Corp. (RBLX) founder-CEO David Baszucki sold 14,485 Class A shares on 03 Mar 2025 at an average $64.94 under a Rule 10b5-1 trading plan adopted 04 Nov 2024. The transaction was omitted from a Form 4 filed 05 Mar 2025 and is now reported due to an “administrative error.”

• Total proceeds: ≈ $0.94 million.
• Post-sale ownership: ~2.68 million shares (direct & indirect), including 122,853 RSUs, leaving Baszucki a 10 %+ holder.
• Key holdings: 832,034 shares in the 2020 Jan Baszucki Gift Trust; 1.64 million in the Freedom Revocable Trust; 82,048 in a 2020 Gift Trust; 875 in the family foundation.

The sale equals roughly 0.5 % of Baszucki’s stake, so insider control remains largely unchanged. Because the trade was pre-scheduled, it is likely viewed as routine liquidity management rather than a bearish signal, though the late disclosure may raise minor governance questions.

Positive

• Small relative size: Only 14,485 shares (~0.5 % of Baszucki's ~2.68 m shares) were sold, preserving significant insider alignment.
• 10b5-1 plan disclosure: Sale executed under a pre-arranged Rule 10b5-1 plan, reducing perceptions of opportunistic trading.

Negative

• CEO share sale: Any disposition by a founder-CEO can pressure sentiment despite limited size.
• Delayed reporting: Additional trades were not reported on time, hinting at minor internal-control weaknesses.

Insights

Securities Analyst

TL;DR: Modest 0.5 % insider sale pre-planned; neutral valuation impact.

The dollar value is under $1 m against a multi-billion-dollar market cap and Baszucki still controls >2.6 m shares. Execution under a 10b5-1 plan limits signaling risk. Given the size, I see no material change to float or insider alignment. Neutral for the stock, though governance teams may log the delayed filing.

Corporate Governance Expert

TL;DR: Late amendment flags mild process lapse, but holdings remain high.

Timely Section 16 reporting is a compliance basic; an “administrative error” suggests internal control tightening is needed. Yet disclosure is now corrected and the CEO retains a substantial economic interest, mitigating broader governance concerns. Overall impact limited.

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)
03/03/2025

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	03/03/2025		S(1)		14,485	D	$64.9417(2)	832,034	I	See Footnote(3)
Class A Common Stock								122,853(4)	D
Class A Common Stock								1,638,550	I	See Footnote(5)
Class A Common Stock								875	I	See Footnote(6)
Class A Common Stock								82,048	I	See Footnote(7)

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

Explanation of Responses:

1. On March 5, 2025, the Reporting Person filed a Form 4 (the "Initial Form 4") to report transactions effected pursuant to a Rule 10b5-1 Plan adopted by the Reporting Person on November 04, 2024. This Form 4 is being filed to report additional transactions effected pursuant to the Rule 10b5-1 Plan that were not timely reported in the Initial Form 4 due to administrative error. The share amounts in this Form 4 reflect the Reporting Person's ownership following the transactions originally reported in the Initial Form 4 and the additional transactions reported on this Form 4.

2. The price reported in column 4 is an average price. These shares were sold in multiple transactions at prices ranging from $64.89 to $65.17, 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.

3. 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.

4. 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.

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. 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.

7. These shares are held by the 2020 David Baszucki Gift Trust dtd 4/3/2020 for which the Bessemer Trust of Delaware, N.A. serves as trustee. The Reporting Person may be deemed to have beneficial ownership of the securities held by the Gift Trust.

Remarks:

	/s/ Mark Reinstra Attorney-in-Fact for David Baszucki	08/05/2025
	** 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 (RBLX) shares did CEO David Baszucki sell?

He sold 14,485 Class A shares on 03 Mar 2025.

At what price were the RBLX shares sold?

The average sale price was $64.94, with individual trades between $64.89 and $65.17.

Does Baszucki still own a large stake in Roblox after the sale?

Yes. He reports ownership of approximately 2.68 million shares across trusts and direct holdings.

Was the trade part of a Rule 10b5-1 plan?

Yes, the sale was executed under a Rule 10b5-1 plan adopted on 04 Nov 2024.

Why is this Form 4 labeled as an amendment?

It corrects an administrative error that left the 14,485-share sale off the Form 4 filed 05 Mar 2025.