David Baszucki - Apr 8, 2024 Form 4 Insider Report for Roblox Corp (RBLX)

Role
President & CEO, Director, 10%+ Owner
Signature
/s/ Adele Freedman Attorney-in-Fact for David Baszucki
Stock symbol
RBLX
Transactions as of
Apr 8, 2024
Transactions value $
-$6,186,315
Form type
4
Date filed
4/10/2024, 04:13 PM
Previous filing
Mar 26, 2024
Next filing
May 22, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RBLX Class A Common Stock Options Exercise $7.59K +100K +67.18% $0.08* 249K Apr 8, 2024 Direct F1
transaction RBLX Class A Common Stock Sale -$3.83M -100K -40.19% $38.31 149K Apr 8, 2024 Direct F1, F2, F3
transaction RBLX Class A Common Stock Gift $0 -10K -0.45% $0.00 2.22M Apr 8, 2024 See Footnote F1, F4, F5
transaction RBLX Class A Common Stock Gift $0 -20K -0.9% $0.00 2.2M Apr 8, 2024 See Footnote F1, F5, F6
transaction RBLX Class A Common Stock Gift $0 +20K +2285.71% $0.00 20.9K Apr 8, 2024 See Footnote F1, F6, F7
transaction RBLX Class A Common Stock Sale -$766K -20K -95.81% $38.31 875 Apr 8, 2024 See Footnote F1, F2, F7
transaction RBLX Class A Common Stock Sale -$798K -20.8K -6.25% $38.31 313K Apr 8, 2024 See Footnote F1, F2, F8
transaction RBLX Class A Common Stock Sale -$798K -20.8K -2.94% $38.31 688K Apr 8, 2024 See Footnote F1, F2, F9

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 -100K -13.61% $0.00 635K Apr 8, 2024 Class A Common Stock 100K $0.08 Direct F10
* 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 November 29, 2023.
F2 The price reported in column 4 is an average price. These shares were sold in multiple transactions at prices ranging from $37.86 to $38.65, 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 shares reported in this transaction represent a gift to a charitable organization.
F5 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.
F6 Represents a transfer of shares by the Freedom Revocable Trust dated February 28, 2017 as amended to The Baszucki Family Foundation.
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 These shares are held by the 2020 David Baszucki Gift Trust dtd 4/3/2020 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 These shares are held by the 2020 Jan Baszucki Gift Trust dtd 4/3/2020 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 All of the shares subject to the option are fully vested and exercisable as of the date hereof.