RBLX Insider Alert: Baszucki Disposes 321,324 Shares at $100.50 Avg

Rhea-AI Filing Summary

Roblox Corporation (RBLX) – Form 4 insider activity dated 06/16/2025

Chief Executive Officer, President and Chairman David Baszucki reported multiple transactions involving the company’s Class A Common Stock:

• Option exercise (Code M): 232,537 options with a $3.405 exercise price were converted into an equal number of Class A shares.
• Open-market sales (Code S): Baszucki sold 232,537 directly held shares and an additional 46,508 and 42,279 shares held indirectly, all at an average price of $100.4993. Total shares sold equal 321,324, implying gross proceeds of roughly $32.3 million.
• Gifts / transfers (Codes G & C): 23,253 shares were donated to a charitable organization, and 46,508 shares were transferred from The Freedom Revocable Trust to The Baszucki Family Foundation. Three Class B shares were converted into Class A shares.

Post-transaction ownership:

• Direct: 211,559 Class A shares.
• Indirect: 378,824 (Freedom Revocable Trust), 332,316 (Freedom Revocable Trust to be transferred), 47,383 (Baszucki Family Foundation), 875 (Baszucki Family Foundation post-sale) and 97,201 (2020 Jan Baszucki Gift Trust).
• Derivatives: 835,015 fully-vested stock options (Expiration 01/23/2030) and 12,406,486 Class B shares convertible 1:1 to Class A shares.

All transactions were executed under a Rule 10b5-1 Plan adopted on 11/04/2024. The filing was signed on 06/18/2025 by attorney-in-fact Mark Reinstra.

Positive

• Rule 10b5-1 plan execution reduces appearance of opportunistic trading and aligns with governance best practices.
• No new share issuance; option exercise and sales are non-dilutive to existing shareholders.
• Substantial remaining holdings (12.4 million Class B shares and 835 k options) maintain management’s long-term alignment.

Negative

• Large insider sale of approximately 321,324 shares (~$32 million) may create negative investor sentiment.
• Reduction in direct ownership to 211,559 shares lowers immediate CEO equity stake.

Insights

Portfolio Manager

TL;DR: CEO sold ~321k shares (~$32 m); large residual holdings remain; selling may pressure sentiment.

The filing confirms sizable insider sales by founder-CEO David Baszucki. Despite exercising low-priced options, he immediately disposed of the acquired shares and additional indirectly-held stock, signaling $32 million in liquidity generation at ~$100.50. While the sales were pre-planned under a 10b5-1 arrangement, such volume can weigh on short-term stock perception. Importantly, Baszucki retains substantial economic exposure—over 12.4 million Class B shares plus 835 k options—so his long-term alignment remains intact. Gifts to charitable entities have no direct market impact but reduce his voting stake marginally. From a portfolio perspective, the action is modestly negative for sentiment yet non-dilutive and not thesis-changing.

Corporate Governance Analyst

TL;DR: Planned sale follows governance best-practice; minimal governance risk.

All trades were executed under a pre-established Rule 10b5-1 plan, mitigating concerns of opportunistic timing. Option exercises used existing grants, so no new share issuance occurred. The CEO’s remaining control—via high-vote Class B stock—remains substantial, preserving existing governance structure. Charitable transfers improve transparency of ownership changes. Overall governance implications are neutral.

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)
06/16/2025

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	06/16/2025		M(1)		232,537	A	$3.405	444,096(2)	D
Class A Common Stock	06/16/2025		S(1)		232,537	D	$100.4993(3)	211,559(2)	D
Class A Common Stock	06/16/2025		G(1)(4)		23,253	D	$0	378,824	I	See Footnote(5)
Class A Common Stock	06/16/2025		G(1)(6)		46,508	D	$0	332,316	I	See Footnote(5)
Class A Common Stock	06/16/2025		G(1)(6)		46,508	A	$0	47,383	I	See Footnote(7)
Class A Common Stock	06/16/2025		S(1)		46,508	D	$100.4993(3)	875	I	See Footnote(7)
Class A Common Stock	06/16/2025		S(1)		42,279	D	$100.4993(3)	97,201	I	See Footnote(8)
Class A Common Stock	06/16/2025		C(9)		3	A	$0	97,204	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	06/16/2025		M			232,537	(10)	01/23/2030	Class A Common Stock	232,537	$0	835,015	D
Class B Common Stock	(11)	06/16/2025		C(11)			3	(11)	(11)	Class A Common Stock	3	$0	12,406,486	I	See Footnote(8)

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 $100.44 to $100.77, 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. Each share of the Class A Common Stock was issued upon conversion of one share of Class B Common Stock at the election of the Reporting Person.

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

11. Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the election of the Reporting Person and has no expiration date.

Remarks:

	/s/ Mark Reinstra Attorney-in-Fact for David Baszucki	06/18/2025
	** 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.
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FAQ

How many Roblox (RBLX) shares did CEO David Baszucki sell on 06/16/2025?

He sold 321,324 Class A shares at an average price of $100.4993.

What was the exercise price of the options converted by the RBLX CEO?

The options were exercised at $3.405 per share.

Did the insider transactions dilute existing Roblox shareholders?

No. The shares came from previously granted options and existing holdings; no new shares were issued by the company.

Are the sales covered by a Rule 10b5-1 trading plan?

Yes, all transactions occurred under a Rule 10b5-1 Plan adopted on 11/04/2024.

How many convertible Class B shares does the CEO still own after these transactions?

He retains 12,406,486 Class B shares, each convertible 1:1 into Class A shares.