Roblox CEO, Executive Team Members, Sell Over $35 Million in Company Stock Shares
CEO Dave Baszucki and other executives are selling some of their shares of Roblox stock, announced via an SEC filing.
DISCLAIMER: The following article is not financial advice.
Insiders at public companies essentially have two options for buying and selling their companies’ stock. The first is to conduct the transactions in the open market whereby they buy or sell securities through a broker just like any other retail investor. The second option is to conduct the transaction on a systematic basis through what is called a 10b5–1 plan. This Securities and Exchange Commission (SEC) rule permits a systematic form of insider trading that is legal. However, the trading activity allowed via 10b5–1 can be beneficial for both insiders and individual investors.
This week, CEO Dave Baszucki and other executive team members sold a large amount of their shares in Roblox stock (NYSE: $RBLX), equating almost $40,000,000 USD. Here’s a breakdown of how many shares each team member sold and the aggregate market value:
- Dave Baszucki (CEO): 750,000 shares at $30,780,000 [SEC filing 1] [SEC filing 2]
- The Baszucki Family Foundation: 150,000 shares at $6,156,000 [SEC filing 1] [SEC filing 2]
- Craig Donato (CBO): 10,735 shares at $425,505.34 [SEC filing]
- Michael Guthrie (CFO): 12,669 shares at $502,163.69 [SEC filing]
- Daniel Sturman (CTO): 9,530 shares at $377,742.52 [SEC filing]
- Manuel Bronstein (CPO): 37,560 shares at $1,488,773.23 [SEC filing]
- Barbara Messing (CMO): 8,154 shares at $323,201.73 [SEC filing]
- Amy Rawlings (CAO): 2,859 shares at $113,322.75 [SEC filing]
- Mark Reinstra (GC): 11,278 shares at $447,028.34 [SEC filing]
