Form 4: Roblox Director Defers Stock, Opts for Phantom Shares

Roblox Director Gregory Baszucki deferred the receipt of 1,125 Class A Common Stock shares, opting instead for phantom stock under a deferred compensation plan.

Summary

• Director Gregory Baszucki, a director at Roblox Corp (RBLX), executed a transaction on February 20, 2026.
• The transaction involved the disposition of 1,125 shares of Class A Common Stock at a price of $0.
• Concurrently, 1,125 shares of phantom stock were acquired, also at a price of $0.
• This change resulted from the vesting of Restricted Stock Units (RSUs), where the receipt of Class A Common Stock was deferred, and an equal number of phantom stock shares were received under the Issuer's deferred compensation plan.
• Each share of phantom stock represents a contingent right to receive one share of Class A Common Stock, payable upon separation from service.
• Following the transaction, Gregory Baszucki directly owns 10,346 shares of Class A Common Stock and 3,375 shares of phantom stock.
• Indirect beneficial ownership includes 8,994,496 Class A Common Stock shares through the Greg and Christina Baszucki Living Trust, 869,250 shares through the Morningstar Dynasty Trust, 869,250 shares through the Crossbow Dynasty Trust, and 1,319,500 shares through a Roth IRA account.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, representing a routine executive compensation transaction rather than a reflection of the company's operational or financial performance.

Positives

• The deferral of vested stock into phantom stock indicates participation in a deferred compensation plan, which can be a tax-efficient strategy for executives and aligns long-term interests with the company.

Negatives

• NA

Risks

• Phantom stock represents a contingent right to receive Class A Common Stock, meaning the actual shares are not immediately held and are subject to the terms of the deferred compensation plan, including separation from service for payout.

Future Outlook

Phantom stock held by Director Gregory Baszucki will become payable in a single lump sum payment upon his separation from service.

Industry Context

StockSavvy.ai notes that such deferrals into phantom stock are common executive compensation practices, particularly in high-growth technology companies like Roblox, allowing executives to defer income and align their long-term interests with the company's performance.

Comparison to Industry Standards

• The use of deferred compensation plans, including phantom stock, is a common executive compensation strategy across various industries, particularly in technology, aligning executive interests with long-term company performance and offering tax deferral benefits.

Related Party Transactions

• Shares are held indirectly through the Greg and Christina Baszucki Living Trust, of which the Reporting Person serves as trustee.
• Shares are held indirectly through the Morningstar Dynasty Trust and Crossbow Dynasty Trust, where the Reporting Person may be deemed to have beneficial ownership.
• Shares are held indirectly under a Roth IRA account for the Reporting Person.

Stakeholder Impact

• Shareholders: Indicates a director's participation in a long-term deferred compensation plan, potentially aligning their interests with the company's future performance.

Next Steps

• Phantom stock will be paid out in a lump sum upon Gregory Baszucki's separation from service.

Key Dates

Keywords

Roblox, RBLX, Form 4, insider transaction, beneficial ownership, deferred compensation, phantom stock, director, Gregory Baszucki, stock vesting, RSU