Mark Reinstra - Feb 21, 2024 Form 4 Insider Report for Roblox Corp (RBLX)

Signature
/s/ Adele Freedman Attorney-in-Fact for Mark Reinstra
Stock symbol
RBLX
Transactions as of
Feb 21, 2024
Transactions value $
-$497,000
Form type
4
Date filed
2/22/2024, 08:46 PM
Previous filing
Jan 18, 2024
Next filing
Mar 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RBLX Class A Common Stock Options Exercise $13.6K +4K +1.55% $3.41* 262K Feb 21, 2024 Direct F1
transaction RBLX Class A Common Stock Sale -$164K -4K -1.52% $40.98 258K Feb 21, 2024 Direct F1, F2
transaction RBLX Class A Common Stock Sale -$347K -8.53K -3.3% $40.64 250K Feb 21, 2024 Direct F1, F3, F4
holding RBLX Class A Common Stock 72.1K Feb 21, 2024 See footnote F5
holding RBLX Class A Common Stock 40K Feb 21, 2024 See footnote F6
holding RBLX Class A Common Stock 40K Feb 21, 2024 See footnote F7
holding RBLX Class A Common Stock 22.4K Feb 21, 2024 See Footnote F8
holding RBLX Class A Common Stock 22.4K Feb 21, 2024 See Footnotes F9

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 $0 -4K -0.94% $0.00 421K Feb 21, 2024 Class A Common Stock 4K $3.41 Direct F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 Plan adopted by the Reporting Person on February 24, 2023.
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 the San Domenico Trust dated August 12, 1999 for which the reporting person serves as trustee. The Reporting Person may be deemed to have beneficial ownership over the securities held by the trust.
F6 These shares are held directly by the Mark L. Reinstra 2023 Annuity Trust for which the Reporting Person serves as trustee. The Reporting Person may be deemed to have beneficial ownership of the securities held by the Annuity Trust.
F7 These shares are held directly by the Susan P. Reinstra 2023 Annuity Trust for which the Reporting Person serves as trustee. The spouse of the Reporting Person may be deemed to have beneficial ownership of the securities held by the Annuity Trust.
F8 These shares are held directly by the Mark L. Reinstra 2022 Annuity Trust for which the Reporting Person serves as trustee. The Reporting Person may be deemed to have beneficial ownership of the securities held by the Annuity Trust.
F9 These shares are held directly by the Susan P. Reinstra 2022 Annuity Trust for which the Reporting Person serves as trustee. The spouse of the Reporting Person may be deemed to have beneficial ownership of the securities held by the Annuity Trust.
F10 1/4th of the shares subject to the option became vested and exercisable on December 4, 2020, and 1/48th of the shares subject to the option vest each month thereafter, subject to the Reporting Person continuing as a service provider through each such date.