Daniel Sturman - Feb 20, 2024 Form 4 Insider Report for Roblox Corp (RBLX)

Signature
/s/Mark Reinstra Attorney-in-Fact for Daniel Sturman
Stock symbol
RBLX
Transactions as of
Feb 20, 2024
Transactions value $
-$315,448
Form type
4
Date filed
2/22/2024, 08:39 PM
Previous filing
Jan 31, 2024
Next filing
May 22, 2024

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 -2.3% $0.00 500K Feb 20, 2024 Direct F1, F2
transaction RBLX Class A Common Stock Sale -$315K -7.76K -1.55% $40.64 492K Feb 21, 2024 Direct F2, F3, F4
holding RBLX Class A Common Stock 112K Feb 20, 2024 See Footnote F5
holding RBLX Class A Common Stock 112K Feb 20, 2024 See Footnotes 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 +33.33% 47K Feb 20, 2024 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 February 20, 2024, 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 $40.40 to $41.19, 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 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.
F6 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.
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.