David Baszucki - Mar 2, 2023 Form 4 Insider Report for Roblox Corp (RBLX)

Signature
/s/ Mark Reinstra Attorney-in-Fact for David Baszucki
Stock symbol
RBLX
Transactions as of
Mar 2, 2023
Transactions value $
-$24,750,348
Form type
4
Date filed
3/6/2023, 05:40 PM
Previous filing
Feb 9, 2023
Next filing
May 23, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RBLX Class A Common Stock Options Exercise $41.7K +550K +55000000% $0.08* 550K Mar 2, 2023 Direct
transaction RBLX Class A Common Stock Sale -$8.98M -241K -43.76% $37.32 309K Mar 2, 2023 Direct F1, F2
transaction RBLX Class A Common Stock Sale -$4.35M -114K -36.74% $38.24 196K Mar 2, 2023 Direct F1, F3
transaction RBLX Class A Common Stock Sale -$7.65M -196K -100% $39.10 1 Mar 2, 2023 Direct F1, F4
transaction RBLX Class A Common Stock Gift $0 -100K -18.38% $0.00 444K Mar 2, 2023 See Footnote F5, F6
transaction RBLX Class A Common Stock Gift $0 +100K $0.00 100K Mar 2, 2023 See Footnote F5, F7
transaction RBLX Class A Common Stock Sale -$1.63M -43.7K -43.73% $37.32 56.3K Mar 2, 2023 See Footnote F1, F2, F7
transaction RBLX Class A Common Stock Sale -$790K -20.7K -36.72% $38.24 35.6K Mar 2, 2023 See Footnote F1, F3, F7
transaction RBLX Class A Common Stock Sale -$1.39M -35.6K -100% $39.10 0 Mar 2, 2023 See Footnote F1, F4, F7
transaction RBLX Class A Common Stock Conversion of derivative security $0 +1.25M +281.78% $0.00 1.7M Mar 3, 2023 See Footnote F6, F8
holding RBLX Class A Common Stock 750K Mar 2, 2023 See Footnote F9
holding RBLX Class A Common Stock 375K Mar 2, 2023 See Footnote F10

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 -550K -13.14% $0.00 3.63M Mar 2, 2023 Class A Common Stock 550K $0.08 Direct F11
transaction RBLX Class B Common Stock Conversion of derivative security $0 -1.25M -4.85% $0.00 24.5M Mar 3, 2023 Class A Common Stock 1.25M See Footnote F6, F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 Plan adopted by the Reporting Person on May 27,2022.
F2 The price reported in column 4 is an average price. These shares were sold in multiple transactions at prices ranging from $36.78 to $37.77, 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 The price reported in column 4 is an average price. These shares were sold in multiple transactions at prices ranging from $37.78 to $38.77, 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.
F4 The price reported in column 4 is an average price. These shares were sold in multiple transactions at prices ranging from $38.78 to $39.28, 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 Represents a transfer of shares by the Freedom Revocable Trust dated February 28, 2017 as amended to The Baszucki Family Foundation.
F6 These shares are held directly by The Freedom Revocable Trust dated February 28, 2017 as amended, and for which the reporting person serves as trustee.
F7 These shares are held by The Baszucki Family Foundation. The Reporting Person may be deemed to have beneficial ownership of the securities held by the Foundation.
F8 Each share of the Class A Common Stock was issued upon conversion of one share of Class B Common Stock at the election of the Reporting Person.
F9 These shares are held by the 2020 Jan Baszucki Gift Trust dtd 12/31/2018 of which the Bessemer Trust Company of Delaware, N.A. serves as trustee. The spouse of the Reporting Person may be deemed to have beneficial ownership of the securities held by the Gift Trust.
F10 These shares are held by the 2020 David Baszucki Gift Trust dtd 12/31/2018 for which the Bessemer Trust of Delaware, N.A. serves as trustee. The Reporting Person may be deemed to have beneficial ownership of the securities held by the Gift Trust.
F11 All of the shares subject to the option are fully vested and exercisable as of the date hereof.
F12 Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the election of the Reporting Person and has no expiration date.