Daniel Sturman - Aug 20, 2023 Form 4 Insider Report for Roblox Corp (RBLX)

Role: Chief Technology Officer
Signature: /s/Mark Reinstra Attorney-in-Fact for Daniel Sturman
Stock symbol: RBLX
Transactions as of: Aug 20, 2023
Transactions value $: -$249,760
Form type: 4
Date filed: 8/22/2023, 08:40 PM
Previous filing: May 23, 2023
Next filing: Nov 22, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RBLX	Class A Common Stock	Other	$0	-11.8K	-2.24%	$0.00	514K	Aug 20, 2023	Direct	F1, F2
transaction	RBLX	Class A Common Stock	Sale	-$250K	-9.2K	-1.79%	$27.14	505K	Aug 21, 2023	Direct	F2, F3, F4
holding	RBLX	Class A Common Stock						112K	Aug 20, 2023	See Footnotes	F5
holding	RBLX	Class A Common Stock						112K	Aug 20, 2023	See Footnote	F6

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	Phantom Stock	Other		+11.8K	+100%		23.5K	Aug 20, 2023	Class A Common Stock	11.8K		Direct	F1, F7, F8

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	In connection with the vesting on August 20, 2023, of restricted stock units previously granted to the reporting person, the reporting person's receipt of 11,757 shares of Class A common stock was deferred, resulting in the reporting person's receipt instead of 11,757 shares of phantom stock pursuant to Roblox Corporation's deferred compensation plan. The reporting person is therefore reporting the disposition of 11,757 shares of Class A common stock in exchange for an equal number of shares of phantom stock.
F2	A portion of these securities are Restricted Stock Units ("RSUs"). Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F3	Represents the number of shares sold to cover the statutory tax withholding obligations in connection with the vesting of Restricted Stock Units (RSUs). This sale was to satisfy tax withholding obligations to be funded by a "sell to cover' transaction.
F4	The price reported in column 4 is an average price. These shares were sold in multiple transactions at prices ranging from $26.89 to $27.69, 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.
F5	These shares are held directly by Lucy Simon LLC, a Delaware limited liability company for which the spouse of the Reporting Person serves as manager. The spouse of the Reporting Person may be deemed to have beneficial ownership of the securities held by the limited liability company.
F6	These shares are held directly by Mo Red LLC, a Delaware limited liability company for which the reporting person serves as manager. The Reporting Person may be deemed to have beneficial ownership over the securities held by the limited liability company.
F7	Each share of phantom stock represents a right to receive one share of Class A common stock.
F8	The phantom stock becomes payable in 3 equal annual installments starting on March 1, 2026 subject to the Reporting Person continuing as a service provider through March 1, 2026.