Form 4: Roblox CEO David Baszucki Converts Class B Shares to Class A, Maintains Significant Beneficial Ownership

Roblox CEO David Baszucki converted 374,985 Class B shares to Class A Common Stock on November 1, 2024, while maintaining significant beneficial ownership through various trusts and foundations.

Summary

• On November 1, 2024, David Baszucki, the President & CEO and a Director of Roblox Corp, converted 374,985 shares of Class B Common Stock into Class A Common Stock.
• The conversion was executed at a price of $0 per share.
• Following the transaction, Baszucki directly owns 135,755 shares of Class A Common Stock, a portion of which are Restricted Stock Units (RSUs).
• Baszucki also maintains indirect beneficial ownership of Class A Common Stock through several trusts and foundations, including the 2020 Jan Baszucki Gift Trust (937,485 shares), the 2020 David Baszucki Gift Trust (187,500 shares), The Baszucki Family Foundation (875 shares), and The Freedom Revocable Trust (1,914,021 shares).
• He also indirectly owns 12,406,489 shares of Class B Common Stock through the 2020 Jan Baszucki Gift Trust.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, so the sentiment is neither positive nor negative.

Industry Context

This filing is a routine disclosure of insider transactions and provides transparency into the ownership structure of Roblox Corp.

Stakeholder Impact

• The transaction itself has minimal direct impact on stakeholders, as it is a conversion of shares within the existing ownership structure.
• However, transparency in insider transactions is important for maintaining investor confidence.

Key Dates