Matthew D. Kaufman, Chief Safety Officer of Roblox Corporation, reported a sale of 6,000 shares of Class A Common Stock on 08/07/2025 at a reported price of $133.67 per share. The Form 4 states the transactions were effected pursuant to a Rule 10b5-1 plan adopted on 11/01/2024. After the reported sale, the reporting person beneficially owns 301,223 shares; the filing notes that a portion of these holdings are Restricted Stock Units (RSUs) that represent contingent rights to receive Class A shares. The form was signed by attorney-in-fact Mark Reinstra on 08/11/2025.
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.