Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | RBLX | Class A Common Stock | Award | $0 | +120K | +15.96% | $0.00 | 873K | Apr 8, 2022 | Direct | F1, F2 |
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 | +60K | $0.00 | 60K | Apr 8, 2022 | Class A Common Stock | 60K | Direct | F3, F4, F5, F6 |
Id | Content |
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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 | Each performance stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock. |
F4 | Represents the maximum number of shares of Class A Common Stock which may be issued under this award. |
F5 | 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. |
F6 | (continued from footnote 5) 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. |