Baszucki Gregory 4
4 · Roblox Corp · Filed Feb 24, 2026
Research Summary
AI-generated summary of this filing
Roblox (RBLX) Founder/Director Gregory Baszucki Defers 1,125 RSUs to Phantom Stock
What Happened
Gregory Baszucki, a director and founder of Roblox (RBLX), reported a non‑cash conversion on Feb 20, 2026: 1,125 shares of Class A common stock were disposed of and an equal number (1,125) of phantom shares were acquired under the issuer’s deferred compensation plan. Both legs are reported at $0.00 per share (total reported value $0) because this was an in‑kind exchange of vested RSUs for phantom stock rather than a market sale or purchase.
Key Details
- Transaction date: February 20, 2026. Report filed Feb 24, 2026 (timely).
- Reported trades: Disposition of 1,125 Class A shares @ $0.00; Acquisition of 1,125 phantom shares @ $0.00. Transaction code J (other acquisition/disposition).
- Nature of transaction: Vested Restricted Stock Units (RSUs) were deferred; the holder received phantom stock instead of current delivery of shares (see footnote F1). Each phantom share represents a right to one Class A share (F7).
- Payment/settlement: Phantom stock becomes payable in one lump sum upon separation from service (F8).
- Ownership notes: Some shares referenced in the filing are held in trusts and a Roth IRA for which Baszucki may be deemed to have beneficial ownership (F3–F6).
- Shares owned after transaction: Not specified in the provided excerpt of the filing.
Context
This is a paperwork/compensation deferral rather than an investment buy or cash sale. It reflects a decision to defer receipt of vested RSUs into a phantom‑stock arrangement that pays out later (commonly for tax or estate planning reasons) and does not on its own signal a purchase or immediate sale of stock.
Insider Transaction Report
- Other
Class A Common Stock
[F1][F2]2026-02-20−1,125→ 10,346 total - Other
Phantom Stock
[F7][F1][F8]2026-02-20+1,125→ 3,375 total→ Class A Common Stock (1,125 underlying)
- 8,994,496(indirect: See Footnotes)
Class A Common Stock
[F3] - 869,250(indirect: See Footnotes)
Class A Common Stock
[F4] - 869,250(indirect: See Footnotes)
Class A Common Stock
[F5] - 1,319,500(indirect: See Footnotes)
Class A Common Stock
[F6]
Footnotes (8)
- [F1]In connection with the vesting on February 20, 2026, 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.
- [F2]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.
- [F3]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.
- [F4]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.
- [F5]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.
- [F6]These shares are held directly under a Roth IRA account for the Reporting Person (formerly known as the PENSCO Trust Co).
- [F7]Each share of phantom stock represents a right to receive one share of Class A Common Stock.
- [F8]The phantom stock becomes payable in one lump sum payment upon separation from service.