Roblox (RBLX) CEO Baszucki converts 2.7M Class B shares into Class A
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Roblox Corp President & CEO David Baszucki converted 2,687,511 shares of Class B Common Stock into the same number of Class A shares on April 2, 2026. The conversion occurred at a stated price of $0.00 per share and reflects a change in share class, not a market purchase or sale.
The newly issued Class A shares are held indirectly through The Freedom Revocable Trust, where Baszucki serves as trustee. After these transactions, the trust held 3,493,765 Class A shares, while separate records show 19,194,993 Class B shares remaining indirectly held. Baszucki also directly holds 902,842 Class A shares, including a portion as Restricted Stock Units that each represent one future Class A share.
Positive
- None.
Negative
- None.
Insights
Baszucki shifts 2.7M Roblox shares from Class B to Class A without selling.
The transactions show David Baszucki converting 2,687,511 Class B shares into the same number of Class A shares through The Freedom Revocable Trust. Form code C and a $0.00 price indicate a non-market conversion rather than a buy or sell.
Following the conversion, indirect holdings include 3,493,765 Class A shares and 19,194,993 Class B shares, plus 902,842 Class A shares held directly, some as RSUs. With no open-market trades or change in total economic exposure, this appears to be an internal reclassification of Roblox equity.
Insider Trade Summary
2,687,511 shares exercised/converted
Mixed
3 txns
Insider
Baszucki David
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 2,687,511 | $0.00 | -- |
| Conversion | Class A Common Stock | 2,687,511 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 19,194,993 shares (Indirect, See Footnote);
Class A Common Stock — 3,493,765 shares (Indirect, See Footnote);
Class A Common Stock — 902,842 shares (Direct)
Footnotes (1)
- Each share of Class A Common Stock was issued upon conversion of one share of Class B Common Stock at the election of the Reporting Person. 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. 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. Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the election of the Reporting Person. Each outstanding share of Class B Common Stock will automatically convert into one share of Class A Common Stock no later than March 10, 2036, or earlier upon certain events specified in the Company's Articles of Incorporation.
Key Figures
Shares converted: 2,687,511 shares
Conversion price: $0.00 per share
Indirect Class A holdings after: 3,493,765 shares
+2 more
5 metrics
Shares converted
2,687,511 shares
Class B to Class A conversion on April 2, 2026
Conversion price
$0.00 per share
Stated price for Class B to Class A conversion
Indirect Class A holdings after
3,493,765 shares
Class A Common Stock held indirectly after conversion
Indirect Class B holdings after
19,194,993 shares
Class B Common Stock held indirectly after conversion
Direct Class A holdings after
902,842 shares
Class A Common Stock held directly by Baszucki
Key Terms
Class B Common Stock, Class A Common Stock, Restricted Stock Units ("RSUs"), Revocable Trust, +1 more
5 terms
Class B Common Stock financial
"Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the election of the Reporting Person."
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
Class A Common Stock financial
"Each share of Class A Common Stock was issued upon conversion of one share of Class B Common Stock at the election of the Reporting Person."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
Restricted Stock Units ("RSUs") financial
"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."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Revocable Trust financial
"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."
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
Conversion of derivative security financial
"transaction_code_description": "Conversion of derivative security""
FAQ
What did Roblox (RBLX) CEO David Baszucki report in this Form 4?
David Baszucki reported converting 2,687,511 shares of Class B Common Stock into 2,687,511 shares of Class A Common Stock. The conversion was recorded at a stated price of $0.00 per share and reflects a change in share class rather than a market trade.
Was this Roblox (RBLX) Form 4 a stock purchase or sale by the CEO?
The Form 4 does not show any open-market purchase or sale. Instead, it reports a conversion of 2,687,511 shares of Class B Common Stock into an equal number of Class A shares at a stated price of $0.00, indicating an internal share-class change.
What role does The Freedom Revocable Trust play in David Baszucki’s Roblox (RBLX) holdings?
The Freedom Revocable Trust directly holds some of Baszucki’s Roblox shares, and he serves as trustee. After the reported transactions, the trust held 3,493,765 Class A shares and 19,194,993 Class B shares, all reported as indirect ownership in the Form 4 filing.
What are the Restricted Stock Units (RSUs) mentioned in the Roblox (RBLX) Form 4?
The filing states that a portion of Baszucki’s Class A holdings are Restricted Stock Units. Each RSU represents a contingent right to receive one share of Roblox Class A Common Stock, typically delivered if specified service or performance-based vesting conditions are met.