KILAR JASON 4

What Happened
Jason Kilar, a director of Roblox Corporation (RBLX), reported a non‑cash exchange tied to RSU vesting on February 20, 2026. The filing shows a disposition of 1,125 shares of Class A common stock at $0.00 and an acquisition of 1,125 phantom shares (derivative) at $0.00 — effectively deferring delivery of vested RSUs into phantom stock under Roblox’s deferred compensation plan. No cash changed hands.

Key Details

• Transaction date: 2026-02-20 (reported on Form 4 filed 2026-02-24).
• Reported trades: Disposed 1,125 shares of Class A common stock @ $0.00 (code J); Acquired 1,125 phantom shares (derivative) @ $0.00 (code J).
• Shares owned after transaction: Not reported in this Form 4.
• Footnotes summary:
  • The 1,125 RSUs vested and, instead of receiving actual shares, Kilar deferred receipt and received 1,125 phantom shares under the issuer’s deferred compensation plan (F1).
  • RSUs are contingent rights to one share each (F2). Each phantom share represents a right to one Class A share (F3) and is payable in a lump sum upon separation from service (F4).
• Filing timeliness: Reported within the expected Form 4 window (no late filing indicated).

Context
This transaction is a compensation deferral — not an open‑market sale or purchase. Phantom stock is a derivative right to future shares/cash and typically reflects tax or liquidity planning rather than an immediate view on the company’s shares. Such exchanges are common for executives and directors and do not necessarily signal bullish or bearish insider sentiment.