Chakravarthy Arvind 4

What Happened
Arvind Chakravarthy, Chief People & Systems Officer at Roblox (RBLX), had performance- and service-based equity convert/vest and then sold a portion of the resulting shares. The Form 4 shows conversion/exercise of 114,776 RSU/PSU-related units (reflecting a grant of 114,776 units, of which 76,899 PSUs vested immediately upon committee certification). Following the vesting, Chakravarthy sold 95,895 shares in open-market transactions on Feb 10–11, 2026, generating approximately $6.64 million in proceeds. Several shares were sold specifically to satisfy tax-withholding obligations (sell-to-cover).

Key Details

• Conversion/vesting: 114,776 derivative units reported on Feb 9, 2026; 76,899 PSUs vested immediately after certification that performance targets were met (the remaining 37,877 PSUs vest in quarterly installments through Feb 20, 2027, subject to continued service). Each PSU/RSU equals one share on settlement.
• Sales (open market): total 95,895 shares sold — 32,310 @ avg $72.61 (Feb 10), 3,021 @ avg $73.12 (Feb 10), 19,918 @ avg $67.29 (Feb 11), and 40,646 @ avg $67.23 (Feb 11). Total proceeds ≈ $6,639,886. Price ranges for these reported averages are listed in the filing footnotes.
• Tax withholding: a portion of the sales were mandated sell-to-cover transactions to satisfy statutory tax withholding under the issuer’s equity plan (not discretionary sales).
• Holdings after transaction: not specified in the excerpt provided; the filing notes some shares are held directly by the Jain Chakravarthy Living Trust.
• Timeliness: Form 4 was filed Feb 11, 2026 reporting activity beginning Feb 9, 2026 — no late filing flag indicated.

Context
This was primarily a sale of vested equity following a performance certification (67% of the PSU tranche vested immediately). For retail investors, note the activity reflects cashing out vested compensation rather than an open‑market purchase (which is often interpreted as a stronger positive signal). The filing’s footnotes explain the performance criteria, the PSU-to-share conversion, the staged vesting schedule for the remaining units, and that some sales were solely to cover taxes.