Daniel Sturman - 13 Apr 2023 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: 13 Apr 2023
Net transactions value: $0
Form type: 4
Filing time: 14 Apr 2023, 19:56:45 UTC
Previous filing: 23 Feb 2023
Next filing: 23 May 2023
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	Award	$0	+160,324	+41%	$0.000000	547,019	13 Apr 2023	Direct	F1
holding	RBLX	Class A Common Stock						111,982	13 Apr 2023	See Footnotes	F2
holding	RBLX	Class A Common Stock						111,983	13 Apr 2023	See Footnote	F3

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	+128,258		$0.000000	128,258	13 Apr 2023	Class A Common Stock	128,258		Direct	F4, F5, F6

* 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. 1/12th of the RSUs shall vest on May 20, 2023 and 1/12th of the RSUs shall vest quarterly thereafter, subject to the Reporting Person continuing as a service provider through each such date.
F2	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.
F3	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.
F4	Each performance stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F5	Represents that maximum number of shares of Class A Common Stock which may be issued under this award.
F6	The vesting of the performance stock units ("PSUs") 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 cumulative Bookings and EBITDA targets by the Issuer between January 1, 2023 and December 31, 2024. Subject to continued service by the Reporting Person on each vesting date, 50% of the PSUs eligible to vest based on performance will vest following certification of performance results by our Leadership Development and Compensation Committee within 60 days following December 31, 2024 and the remaining 50% of the PSUs eligible to vest based on performance will vest on the third anniversary of the grant date.