Chakravarthy Arvind 4

What Happened

• Arvind Chakravarthy, Roblox’s Chief People & Systems Officer, disposed of a total of 21,413 shares on Feb 20, 2026 in open-market sales. The three reported disposals were: 7,655 shares at an average price of $60.95 (≈ $466,572), 12,439 shares at an average price of $61.90 (≈ $769,974), and 1,319 shares at an average price of $62.69 (≈ $82,688). Total proceeds were approximately $1,319,234.
• These sales were sell-to-cover transactions tied to RSU vesting (i.e., shares sold to satisfy tax-withholding obligations), not open-market purchases.

Key Details

• Transaction date: February 20, 2026; Form 4 filed February 24, 2026 (reporting period: 2/20/2026).
• Reported prices are averages across multiple executions with ranges: 60.49–61.47; 61.50–62.46; and 62.51–62.99 (per filing footnotes).
• Total shares sold: 21,413; total proceeds: ≈ $1.32 million.
• Purpose: Sell-to-cover to satisfy statutory tax withholding related to Restricted Stock Units (RSUs). The filing notes that a portion of the securities were RSUs and that RSUs represent contingent rights to receive shares.
• Holdings after the transactions are not specified in the provided filing details.
• The filing also discloses a related transfer: 41,568 shares were transferred to the Jain Chakravarthy Living Trust on Feb 18, 2026; the reporting person is trustee and may be deemed to have beneficial ownership of trust-held shares.

Context

• Sell-to-cover transactions are routine when RSUs vest and are typically executed solely to cover tax withholding; they do not necessarily signal a change in the insider’s view of the company.
• The filing identifies RSU-related withholding (not a planned open-market divestiture for investment reasons). The trust transfer is a separate non-sale transfer that may affect reported beneficial ownership.