Daniel Sturman - 22 Aug 2022 Form 4 Insider Report for Roblox Corp (RBLX)

Role
Chief Technology Officer
Signature
/s/Mark Reinstra Attorney-in-Fact for Daniel Sturman
Issuer symbol
RBLX
Transactions as of
22 Aug 2022
Net transactions value
-$389,744
Form type
4
Filing time
24 Aug 2022, 20:48:50 UTC
Previous filing
12 Apr 2022
Next filing
23 Nov 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RBLX Class A Common Stock Sale $389,744 -9,387 -2.4% $41.52 374,172 22 Aug 2022 Direct F1, F2, F3
holding RBLX Class A Common Stock 111,982 22 Aug 2022 See Footnotes F4
holding RBLX Class A Common Stock 111,983 22 Aug 2022 See Footnote F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of minimum statutory tax withholding obligations to be funded by a "sell-to-cover" transaction and does not represent a discretionary sale by the Reporting Person.
F2 The price reported in column 4 is an average price. These shares were sold in multiple transactions at prices ranging from $41.24 to $41.95, 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.
F3 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.
F4 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.
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.