Roblox (RBLX) Director Greg Baszucki Exchanges 1,296 RSUs for Phantom Stock

What Happened
Gregory Baszucki, a director of Roblox Corporation (RBLX), reported an exchange on August 20, 2026 in which 1,296 shares of Class A common stock (from vested RSUs) were disposed of and an equal number of phantom stock units were acquired. No cash changed hands — the transaction reflects a deferral of vested RSUs into the issuer’s phantom-stock deferred compensation arrangement.

Key Details

• Transaction date: 2026-08-20 (reported on Form 4 filed 2026-08-24). The filing date appears to fall within the typical Form 4 reporting window (2 business days).
• Reported transactions: disposition of 1,296 shares of Class A common stock (reported at $0.00) and simultaneous acquisition of 1,296 phantom stock units (reported at $0.00).
• Nature of securities: the 1,296 disposed shares were RSU-based shares; each phantom stock unit represents a right to receive one share of Class A common stock. Phantom units are payable in one lump sum upon separation from service.
• Ownership notes: some shares referenced in the filing are held in trusts and a Roth IRA for which Mr. Baszucki may be deemed to have beneficial ownership (see trust and IRA footnotes).
• No proceeds or purchase price — this is a deferral/derivative transaction (code J), not an open-market buy or sale.

Context

• This transaction is administrative: vested RSUs were deferred into phantom stock rather than sold or delivered. Such deferrals convert an outright share delivery into a contingent/derivative right that pays out later (here, upon separation from service).
• Because no cash was paid or received, this transaction should not be interpreted as a classic buy (bullish) or sale (liquidation) signal; it reflects a change in the form and timing of compensation receipt.