Form 4: Roblox Director Gregory Baszucki Reports Gift of Shares and Beneficial Ownership Details

Gregory Baszucki, a director at Roblox Corp, reported a gift of 20,500 Class A Common Stock shares to a Donor Advised Fund and clarified beneficial ownership across multiple trusts and accounts.

Summary

• On August 9, 2024, Gregory Baszucki, a director of Roblox Corp, reported a transaction involving Class A Common Stock.
• Baszucki gifted 20,500 shares to a Donor Advised Fund.
• Following the transaction, Baszucki directly owns 16,554 shares, some of which are Restricted Stock Units (RSUs).
• Baszucki's beneficial ownership includes 9,688,103 shares held by the Greg and Christina Baszucki Living Trust, 869,250 shares held by the Morningstar Dynasty Trust, 869,250 shares held by the Crossbow Dynasty Trust, and 1,319,500 shares held in a Roth IRA account.
• Bessemer Trust Company of DE, N.A. serves as trustee for both the Morningstar Dynasty Trust and the Crossbow Dynasty Trust.

Sentiment

Score: 5

Explanation: This is a routine filing related to stock ownership and gifting, with no inherent positive or negative sentiment.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding the insider's stock ownership.

Key Dates