David Baszucki - Aug 31, 2022 Form 4 Insider Report for Roblox Corp (RBLX)

Signature
/s/ Mark Reinstra Attorney-in-Fact for David Baszucki
Stock symbol
RBLX
Transactions as of
Aug 31, 2022
Transactions value $
-$20,704,678
Form type
4
Date filed
11/28/2022, 06:33 PM
Previous filing
Aug 24, 2022
Next filing
Feb 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RBLX Class A Common Stock Options Exercise $41.7K +550K +55000000% $0.08* 550K Nov 23, 2022 Direct
transaction RBLX Class A Common Stock Sale -$17.5M -550K -99.92% $31.85 424 Nov 23, 2022 Direct F1, F2
transaction RBLX Class A Common Stock Sale -$13.6K -423 -99.76% $32.18 1 Nov 23, 2022 Direct F1
transaction RBLX Class A Common Stock Gift $0 -100K -8.25% $0.00 1.11M Nov 23, 2022 See Footnote F3, F4, F5
transaction RBLX Class A Common Stock Gift $0 +100K $0.00 100K Nov 23, 2022 See Footnote F3, F6
transaction RBLX Class A Common Stock Sale -$3.18M -99.9K -99.92% $31.85 77 Nov 23, 2022 See Footnote F1, F2, F6
transaction RBLX Class A Common Stock Sale -$2.48K -77 -100% $32.18 0 Nov 23, 2022 See Footnote F1, F6
holding RBLX Class A Common Stock 750K Aug 31, 2022 See Footnote F4, F7
holding RBLX Class A Common Stock 375K Aug 31, 2022 See Footnote F4, F8

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction RBLX Stock Option (Right to Buy) Options Exercise -$41.7K -550K -11.62% $0.08* 4.18M Nov 23, 2022 Class A Common Stock 550K $0.08 Direct F9
transaction RBLX Class B Common Stock Gift $0 -16K -0.06% $0.00 25.8M Aug 31, 2022 Class A Common Stock 16K See Footnote F5, F10, F11, F12
transaction RBLX Class B Common Stock Gift $0 +8K +0.06% $0.00 12.8M Aug 31, 2022 Class A Common Stock 8K See Footnote F8, F10, F11
transaction RBLX Class B Common Stock Gift $0 +8K +0.06% $0.00 12.8M Aug 31, 2022 Class A Common Stock 8K See Footnote F7, F10, F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 Plan adopted by the Reporting Person on May 27, 2022.
F2 The price reported in column 4 is an average price. These shares were sold in multiple transactions at prices ranging from $31.18 to $32.17, inclusive. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 Represents a transfer of shares by the Freedom Revocable Trust dated February 28, 2017 as amended to The Baszucki Family Foundation.
F4 Due to an administrative error, the Reporting Person's Form 4 dated August 24, 2022 incorrectly reported that the transfer of 8,000 shares by the Reporting Person's Trust to each of the 2020 David Baszucki Gift Trust dtd 12/31/2018 and the 2020 Jan Baszucki Gift Trust dtd 12/31/2018 was of Class A shares. These transfers were of Class B shares. The balances reflected herein have been updated to correct this error.
F5 These shares are held directly by The Freedom Revocable Trust dated February 28, 2017 as amended, and for which the reporting person serves as trustee.
F6 These shares are held by The Baszucki Family Foundation. The Reporting Person may be deemed to have beneficial ownership of the securities held by the Foundation.
F7 These shares are held by the 2020 Jan Baszucki Gift Trust dtd 12/31/2018 of which the Bessemer Trust Company of Delaware, N.A. serves as trustee. The spouse of the Reporting Person may be deemed to have beneficial ownership of the securities held by the Gift Trust.
F8 These shares are held by the 2020 David Baszucki Gift Trust dtd 12/31/2018 for which the Bessemer Trust of Delaware, N.A. serves as trustee. The Reporting Person may be deemed to have beneficial ownership of the securities held by the Gift Trust.
F9 All of the shares subject to the option are fully vested and exercisable as of the date hereof.
F10 Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the election of the Reporting Person and has no expiration date.
F11 Represents a transfer of 8,000 shares by the Reporting Person's Trust to each of the 2020 David Baszucki Gift Trust dtd 12/31/2018 and the 2020 Jan Baszucki Gift Trust dtd 12/31/2018. The Bessemer Trust Company of Delaware, N.A. serves as trustee for each of these Gift Trusts.
F12 Includes 180 shares of Class B Common Stock that had not previously been reflected in the Reporting Person's beneficially owned securities due to an administrative error.