David Baszucki - 11 Aug 2023 Form 4 Insider Report for Roblox Corp (RBLX)

Role
President & CEO, Director, 10%+ Owner
Signature
/s/ Mark Reinstra Attorney-in-Fact for David Baszucki
Issuer symbol
RBLX
Transactions as of
11 Aug 2023
Net transactions value
-$13,500,382
Form type
4
Filing time
11 Aug 2023, 18:10:48 UTC
Previous filing
20 Jul 2023
Next filing
14 Aug 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 Options Exercise $28,462 +375,000 +37500000% $0.0759* 375,001 11 Aug 2023 Direct F1
transaction RBLX Class A Common Stock Sale $11,274,038 -375,000 -100% $30.06 1 11 Aug 2023 Direct F1, F2
transaction RBLX Class A Common Stock Gift $0 -75,000 -5.3% $0.000000 1,330,385 11 Aug 2023 See Footnote F1, F3, F4
transaction RBLX Class A Common Stock Gift $0 +75,000 $0.000000 75,000 11 Aug 2023 See Footnote F1, F3, F5
transaction RBLX Class A Common Stock Sale $2,254,808 -75,000 -100% $30.06 0 11 Aug 2023 See Footnote F1, F2, F5
transaction RBLX Class A Common Stock Gift $0 -37,500 -2.8% $0.000000 1,292,885 11 Aug 2023 See Footnote F1, F4, F6
holding RBLX Class A Common Stock 750,000 11 Aug 2023 See Footnote F7
holding RBLX Class A Common Stock 375,000 11 Aug 2023 See Footnote F8

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 -375,000 -14% $0.000000 2,363,576 11 Aug 2023 Class A Common Stock 375,000 $0.0759 Direct F9
* 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 transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 Plan adopted by the Reporting Person on February 17, 2023.
F2 The price reported in column 4 is an average price. These shares were sold in multiple transactions at prices ranging from $30.30 to $30.30, 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 Represents a transfer of shares by the Freedom Revocable Trust dated February 28, 2017 as amended to The Baszucki Family Foundation.
F4 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.
F5 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.
F6 The shares reported in this transaction represent a gift to a charitable organization.
F7 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.
F8 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.
F9 All of the shares subject to the option are fully vested and exercisable as of the date hereof.