Mark Reinstra - 15 Aug 2024 Form 4 Insider Report for Roblox Corp (RBLX)

Role
Gen. Counsel & Secretary
Signature
/s/ Mark Reinstra
Issuer symbol
RBLX
Transactions as of
15 Aug 2024
Net transactions value
-$1,069,256
Form type
4
Filing time
19 Aug 2024, 19:56:47 UTC
Previous filing
15 Aug 2024
Next filing
22 Aug 2024
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 $40,860 +12,000 +3.5% $3.40* 354,656 15 Aug 2024 Direct F1
transaction RBLX Class A Common Stock Sale $480,000 -12,000 -3.4% $40.00 342,656 15 Aug 2024 Direct F1, F2
transaction RBLX Class A Common Stock Options Exercise $57,885 +17,000 +5% $3.40* 359,656 19 Aug 2024 Direct F1
transaction RBLX Class A Common Stock Sale $681,350 -16,837 -4.7% $40.47 342,819 19 Aug 2024 Direct F1, F2, F3
transaction RBLX Class A Common Stock Sale $6,651 -163 -0.05% $40.81 342,656 19 Aug 2024 Direct F1, F2, F4
holding RBLX Class A Common Stock 79,822 15 Aug 2024 See footnote F5
holding RBLX Class A Common Stock 40,000 15 Aug 2024 See footnote F6
holding RBLX Class A Common Stock 18,482 15 Aug 2024 See Footnote F7
holding RBLX Class A Common Stock 40,000 15 Aug 2024 See footnote F8
holding RBLX Class A Common Stock 18,482 15 Aug 2024 See Footnotes 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 -12,000 -3% $0.000000 386,528 15 Aug 2024 Class A Common Stock 12,000 $3.40 Direct F10
transaction RBLX Stock Option (Right to Buy) Options Exercise $0 -17,000 -4.4% $0.000000 369,528 19 Aug 2024 Class A Common Stock 17,000 $3.40 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 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.
F2 The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 Plan adopted by the Reporting Person on May 14, 2024.
F3 The price reported in column 4 is an average price. These shares were sold in multiple transactions at prices ranging from $39.78 to $40.77, 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 $$40.79 to $40.83, 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 San Domenico Trust dated August 12, 1999 for which the reporting person serves as trustee. The Reporting Person may be deemed to have beneficial ownership over the securities held by the trust.
F6 These shares are held directly by the Mark L. Reinstra 2023 Annuity Trust for which the Reporting Person serves as trustee. The Reporting Person may be deemed to have beneficial ownership of the securities held by the Annuity Trust.
F7 These shares are held directly by the Mark L. Reinstra 2022 Annuity Trust for which the Reporting Person serves as trustee. The Reporting Person may be deemed to have beneficial ownership of the securities held by the Annuity Trust.
F8 These shares are held directly by the Susan P. Reinstra 2023 Annuity Trust for which the Reporting Person serves as trustee. The spouse of the Reporting Person may be deemed to have beneficial ownership of the securities held by the Annuity Trust.
F9 These shares are held directly by the Susan P. Reinstra 2022 Annuity Trust for which the Reporting Person serves as trustee. The spouse of the Reporting Person may be deemed to have beneficial ownership of the securities held by the Annuity Trust.
F10 1/4th of the shares subject to the option became vested and exercisable on December 4, 2020, and 1/48th of the shares subject to the option vest each month thereafter, subject to the Reporting Person continuing as a service provider through each such date.