Baszucki Gregory 4

What Happened Gregory Baszucki, a director of Roblox Corp (RBLX), reported equity activity tied to restricted stock units (RSUs). On May 27, 2026, 1,126 vested RSUs that would have become Class A shares were deferred — reported as a disposition of 1,126 shares of Class A Common Stock in exchange for 1,126 shares of phantom stock (no cash proceeds; $0). On May 28, 2026, Baszucki was granted/received 5,185 RSUs (award) at $0 per share (an equity award, not an open-market purchase).

Key Details

• Filing date: May 29, 2026; Reported transaction period: May 27, 2026 — filing appears timely (Form 4 filed within required window).
• Transactions:
  • May 27, 2026 — Disposition (exchange) of 1,126 Class A shares for 1,126 phantom shares (price $0).
  • May 27, 2026 — Acquisition (derivative) of 1,126 phantom shares (price $0).
  • May 28, 2026 — Grant/award of 5,185 RSUs (price $0).
• Shares owned after transaction: Not specified in the provided excerpt; footnotes indicate additional holdings through trusts and IRAs.
• Relevant footnotes:
  • F1/F9: The 1,126 vested RSUs were converted into phantom stock (each phantom share equals a right to one Class A share).
  • F10: Phantom stock becomes payable in one lump sum upon separation from service.
  • F2–F8: Baszucki holds other Roblox shares/RSUs via trusts and a Roth IRA; he may be deemed beneficial owner of those shares.

Context

• This was not an open-market sale — the May 27 "disposition" reflects a deferral election converting vested RSUs to phantom stock under the company’s deferred compensation plan (no cash sale; no change in economic exposure until payout). The May 28 entry is an equity award (RSUs) granted to Baszucki.
• Phantom stock and deferred RSUs generally aren’t immediately tradable shares and are payable later (here, lump sum at separation), so these items do not necessarily signal a buy/sell opinion by the insider.