CHOPRA NAVEEN K. 4

What Happened Naveen K. Chopra, Chief Financial Officer of Roblox Corporation (RBLX), was granted a total of 208,619 equity awards on March 1, 2026. The filing shows 73,299 Restricted Stock Units (RSUs) and 135,320 derivative awards (a mix of RSUs and performance stock units/PSUs). All awards were granted at $0.00 per share (no cash purchase).

Key Details

• Transaction date: 2026-03-01; Form 4 filed: 2026-03-03 (timely filing, two days after the transaction).
• Awards: 73,299 RSUs + 135,320 derivative awards = 208,619 total shares granted; grant price reported $0.00.
• Vesting highlights:
  • The 73,299 RSUs vest 1/12th on May 20, 2026 and then 1/12th quarterly thereafter, subject to continued service (F1).
  • The derivative awards include RSUs and PSUs; PSUs vest only if specified performance targets are met (see F5).
• Performance conditions (PSUs): Vesting of PSUs depends on achieving Bookings and Covenant Adjusted EBITDA margin targets for two successive one-year periods beginning Jan 1, 2026, plus a relative total shareholder return target for Jan 1, 2026–Dec 31, 2027. If performance is met and the Reporting Person remains in service, vested PSUs will be certified and paid after the two‑year performance period (F5).
• Shares owned after transaction: not stated in the provided filing excerpt.
• These are awards (code A on Form 4), not open-market purchases or sales.

Context These awards are compensation grants — RSUs represent a contingent right to receive one share upon vesting, while PSUs vest only if both service and performance hurdles are met. Because they are subject to time and performance vesting, they do not represent immediately tradable shares and are common part of executive pay packages; they can dilute existing shareholders if and when they vest and are settled.