RBLX Form 4: Director swaps 1,125 RSUs for phantom stock
Rhea-AI Filing Summary
Roblox Corp (RBLX) director Gregory Baszucki reported a compensation-related equity transaction. On November 20, 2025, 1,125 Restricted Stock Units vested, but instead of receiving 1,125 shares of Class A common stock, he deferred delivery and received 1,125 shares of phantom stock under Roblox’s deferred compensation plan. This is reported as a disposition of 1,125 Class A shares at $0 in exchange for an equal number of phantom stock units. After the transaction, he reports direct beneficial ownership of 11,471 Class A shares and additional indirect holdings through family trusts and a Roth IRA, as detailed in the footnotes.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Phantom Stock | 1,125 | $0.00 | -- |
| Other | Class A Common Stock | 1,125 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- In connection with the vesting on November 20, 2025, of Restricted Stock Units ("RSUs") previously granted to the Reporting Person, the Reporting Person's receipt of 1,125 shares of Class A Common Stock was deferred, resulting in the Reporting Person's receipt instead of 1,125 shares of phantom stock pursuant to the Issuer's deferred compensation plan. The Reporting Person is therefore reporting the disposition of 1,125 shares of Class A Common Stock in exchange for an equal number of shares of phantom stock. A portion of these securities are RSUs. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock. These shares are held of record by the Greg and Christina Baszucki Living Trust dtd 08/18/2006 of which the Reporting Person serves as trustee. The Reporting Person may be deemed to have beneficial ownership of the shares held by the Trust. These shares are held directly by the Morningstar Dynasty Trust dtd 11/13/2020 of which Bessemer Trust Company of DE, N.A. serves as trustee. The Reporting Person may be deemed to have beneficial ownership of the shares held by the Trust. These shares are held directly by the Crossbow Dynasty Trust dtd 11/13/2020 of which Bessemer Trust Company of DE, N.A. serves as trustee. The Reporting Person may be deemed to have beneficial ownership of the shares held by the Trust. These shares are held directly under a Roth IRA account for the Reporting Person (formerly known as the PENSCO Trust Co). Each share of phantom stock represents a right to receive one share of Class A Common Stock. The phantom stock becomes payable in one lump sum payment upon separation from service.
FAQ
What transaction did Roblox (RBLX) disclose in this Form 4?
The filing shows director Gregory Baszucki deferred receipt of 1,125 shares of Class A common stock from vested RSUs and instead received 1,125 shares of phantom stock under a deferred compensation plan.
What is phantom stock in this Roblox (RBLX) Form 4 filing?
Each share of phantom stock represents a right to receive one share of Roblox Class A common stock. The phantom stock becomes payable in one lump sum upon the reporting person’s separation from service.
Does this Roblox (RBLX) Form 4 involve a Rule 10b5-1 trading plan?
The form includes a checkbox to indicate transactions under a Rule 10b5-1(c) trading plan, but the excerpt does not show that box as selected or describe a specific plan.