Baszucki Gregory 4

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.