Roblox insider Baszucki converts 1,143,191 shares; trust holds 21.88M
Rhea-AI Filing Summary
David Baszucki, President & CEO of Roblox Corporation (RBLX), filed a Form 4 reporting transactions dated 08/07/2025. The filing shows that Mr. Baszucki converted Class B common stock into 1,143,191 shares of Class A common stock; the conversion was recorded at $0 per share.
The Form 4 also reports a disposition of 211,559 shares (the filing notes a portion of these securities are Restricted Stock Units that represent contingent rights to receive Class A shares). The filing indicates indirect beneficial ownership of 21,882,504 Class A shares held by The Freedom Revocable Trust, for which Mr. Baszucki serves as trustee.
Positive
- Conversion of 1,143,191 Class B shares into Class A increases the number of publicly reportable Class A shares
- Trust-held indirect ownership of 21,882,504 Class A shares is explicitly disclosed, clarifying beneficial ownership
Negative
- Disposition of 211,559 shares was reported (a portion are Restricted Stock Units), which may be viewed negatively by some investors
Insights
TL;DR: Routine insider conversion increases Class A shares by 1,143,191; a 211,559-share disposition is reported.
The filing documents a conversion of 1,143,191 Class B shares into Class A shares at no cash price, which mechanically increases Class A outstanding and shifts voting-equity composition if Class A are publicly tradable. The report also shows a reported disposition of 211,559 shares, with a portion described as Restricted Stock Units. The trustee-held position of 21,882,504 Class A shares is explicitly noted. Based solely on the Form 4, these are routine capitalization and insider-holding disclosures rather than new operational or financial developments.
TL;DR: Insider conversion and RSU movements are disclosed; no governance change or new material agreement is shown.
The report confirms that Mr. Baszucki, in his roles as Director and President & CEO, elected to convert Class B into Class A shares and continues to hold substantial indirect ownership through The Freedom Revocable Trust. The Form 4 includes a 211,559-share disposition and clarifies that some securities are RSUs. The filing contains no indication of a change in control, new governance arrangements, or other contractual amendments, based solely on the disclosed items.