Form 4: Roblox CEO Gregory Baszucki Reports Stock Transaction Related to Deferred Compensation

Gregory Baszucki, CEO of Roblox, reports a transaction involving the vesting of restricted stock units and the receipt of phantom stock under the company's deferred compensation plan.

Summary

• Gregory Baszucki, CEO of Roblox, filed a Form 4 detailing changes in his beneficial ownership of Roblox Corp [RBLX] stock.
• On February 20, 2025, Baszucki vested in restricted stock units, resulting in the receipt of 1,833 shares of Class A common stock.
• However, these shares were deferred under Roblox's deferred compensation plan, and Baszucki received 1,833 shares of phantom stock instead.
• The transaction is reported as a disposition of 1,833 shares of Class A common stock in exchange for an equal number of phantom stock shares.
• Baszucki's total holdings include direct and indirect ownership through trusts and a Roth IRA account.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions, and does not inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it primarily concerns the CEO's compensation and stock ownership structure.

Key Dates

Keywords

Form 4, Roblox, Baszucki, RBLX, Stock, Phantom Stock, Deferred Compensation, Restricted Stock Units