Arvind Chakravarthy - Aug 23, 2024 Form 4 Insider Report for Roblox Corp (RBLX)

Role
Chief People & Systems Officer
Signature
/s/ Adele Freedman Attorney-in-Fact for Arvind Chakravarthy
Stock symbol
RBLX
Transactions as of
Aug 23, 2024
Transactions value $
-$622,896
Form type
4
Date filed
8/26/2024, 08:11 PM
Previous filing
Aug 22, 2024
Next filing
Aug 29, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RBLX Class A Common Stock Sale -$615K -14K -4.81% $43.93 277K Aug 23, 2024 Direct F1, F2, F3
transaction RBLX Class A Common Stock Sale -$7.86K -177 -0.06% $44.39 277K Aug 23, 2024 Direct F1, F3, F4
* 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 $43.33 to $44.27, 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 $44.37 to $44.42, 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.