Summary by Futu AI
The 2020 David Baszucki Gift Trust, associated with Roblox Corporation as a director, officer, and 10% stockholder, is set to sell 20,833 common shares of Roblox on February 28, 2024. These shares, with an aggregate market value of $850,611.39, were originally acquired as founders shares directly from the issuer on April 6, 2004. This planned transaction follows a series of sales over the past three months, where a total of 634,230 shares were sold for gross proceeds of $28,171,069.67.