Roblox Director Defers Vested Stock into Phantom Shares

On August 20, 2026, Roblox Director Jason Kilar executed a non-market transaction involving the company's Class A Common Stock. The transaction, coded 'J', represents a deferral of compensation.

According to the filing's footnotes, upon the vesting of Restricted Stock Units (RSUs), Kilar elected to defer the receipt of 1,296 shares of Class A Common Stock. Instead, he received 1,296 shares of phantom stock under the company's deferred compensation plan. This is formally reported as a disposition of 1,296 shares of Class A Common Stock and a corresponding acquisition of 1,296 derivative securities (Phantom Stock). Each share of phantom stock represents the right to receive one share of Class A Common Stock in the future, typically upon separation from service.

This type of transaction is a financial and tax planning decision and does not represent a sale on the open market. By deferring the shares, the insider maintains economic exposure to the stock's performance while postponing the taxable event. The transaction's significance is low as it does not signal a change in the insider's outlook on the company's future prospects. Following this deferral, Kilar's direct holdings in Class A Common Stock stand at 18,927 shares, which includes previously owned shares and other unvested RSUs.