Craig Donato - May 24, 2023 Form 4 Insider Report for Roblox Corp (RBLX)

Signature
/s/ Mark Reinstra Attorney-in-Fact for Craig Donato
Stock symbol
RBLX
Transactions as of
May 24, 2023
Transactions value $
-$285,971
Form type
4
Date filed
5/25/2023, 08:01 PM
Previous filing
May 24, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RBLX Class A Common Stock Sale -$92.7K -2.37K -0.19% $39.13 1.23M May 24, 2023 Direct F1, F2, F3
transaction RBLX Class A Common Stock Sale -$193K -4.81K -0.39% $40.16 1.23M May 24, 2023 Direct F1, F3, F4
holding RBLX Class A Common Stock 40K May 24, 2023 See Footnote F5
holding RBLX Class A Common Stock 40K May 24, 2023 See Footnotes F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

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 31, 2022.
F2 The price reported in column 4 is an average price. These shares were sold in multiple transactions at prices ranging from $38.71 to $39.65, 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 The price reported in column 4 is an average price. These shares were sold in multiple transactions at prices ranging from $39.73 to $40.54, 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 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.
F6 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.