Craig Donato - Apr 8, 2022 Form 4 Insider Report for Roblox Corp (RBLX)

Signature
/s/ Mark Reinstra Attorney-in-Fact for Craig Donato
Stock symbol
RBLX
Transactions as of
Apr 8, 2022
Transactions value $
$0
Form type
4
Date filed
4/12/2022, 08:23 PM
Previous filing
Mar 22, 2022
Next filing
Aug 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RBLX Class A Common Stock Award $0 +111K +10.26% $0.00 1.19M Apr 8, 2022 Direct F1, F2
holding RBLX Class A Common Stock 40K Apr 8, 2022 See Footnote F3
holding RBLX Class A Common Stock 70K Apr 8, 2022 See Footnotes F4

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 Performance Stock Unit Award $0 +55.4K $0.00 55.4K Apr 8, 2022 Class A Common Stock 55.4K Direct F5, F6, F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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. 1/16th of the RSUs shall vest on May 20, 2022 and 1/16th of the RSUs shall vest quarterly thereafter, subject to the Reporting Person continuing as a service provider through each such date.
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 These shares are held directly by the Donato Family Foundation. The Reporting Person may be deemed to have beneficial ownership of the securities held by the Foundation.
F4 These shares are held directly by the Donato Generation Skipping Trust dtd 09/04/2020 for which the reporting person and his spouse serve as trustees. The reporting person may be deemed to have beneficial ownership of the securities held by the Trust.
F5 Each performance stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F6 Represents that maximum number of shares of Class A Common Stock which may be issued under this award.
F7 The vesting of the performance stock units is subject to satisfying both a performance-based requirement and a service-based requirement. The performance-based requirement is satisfied based on the achievement of certain Issuer stock price targets as first measured on April 1, 2024 (the Beginning Measurement Date) and then measured on each of the next four quarterly anniversary dates thereafter. The performance-based requirement will be satisfied if an Issuer stock price target is satisfied during the trailing consecutive twenty trading day period ending on the most recent trading day prior to the Beginning Measurement Date or, thereafter during any trailing consecutive twenty trading day period beginning on the Beginning Measurement Date through the applicable measurement date.
F8 (continued from footnote 6) Vesting is subject to the Reporting Person continuing to be a service provider to the Issuer on the applicable measurement date on which the stock price goal is determined to have been achieved except as otherwise provided in the award agreement governing the award.