Roblox Director Jason Kilar Exchanges 1,296 RSUs for Phantom Stock

What Happened
Jason Kilar, a director of Roblox Corp (RBLX), reported the disposition of 1,296 shares of Class A common stock and the simultaneous acquisition of 1,296 shares of phantom stock on August 20, 2026. Both transactions are reported at $0.00 per share (total reported value $0) and reflect the deferral of vested Restricted Stock Units (RSUs) into phantom stock under Roblox’s deferred compensation plan.

Key Details

• Transaction date: August 20, 2026; Form 4 filed August 24, 2026 (filed within the 2 business‑day deadline).
• Reported transactions: disposition of 1,296 Class A shares (code J) and acquisition of 1,296 shares of phantom stock (code J) — both at $0.00.
• Shares owned after the transaction: not specified in the filing.
• Footnotes: the 1,296 units were vested RSUs that were deferred into an equal number of phantom shares (each phantom share equals one share of Class A common stock); phantom stock is payable in a lump sum upon separation from service.
• Transaction code J indicates an “other acquisition or disposition” (here, an administrative exchange/deferral), not an open-market buy or sale.

Context
This was an administrative deferral of vested RSUs into the company’s deferred-compensation (phantom stock) program, not a market purchase or sale. No cash proceeds or market trades occurred; phantom shares represent a contingent right to receive actual shares (or equivalent value) in the future, typically upon termination or other payout event. Such deferrals are routine and do not necessarily indicate a change in the insider’s sentiment about the company.