Key facts
- This page summarizes Daniel Sturman's Form 4 filing for Roblox Corp (RBLX).
- 3 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 22 May 2024, 18:15.
Daniel Sturman - 20 May 2024 Form 4 Insider Report for Roblox Corp (RBLX)
- Reporting relationship
- Chief Technology Officer
- Issuer ticker
- RBLX
- Reported as of
- 20 May 2024
- Net transaction value
- -$356,488
- SEC form
- 4
- Accepted by SEC
- 22 May 2024, 18:15:08 UTC
- Prior SEC filing
- 22 Feb 2024
- Source filing
- View source filing
- Reporting owner signature
- /s/Mark Reinstra Attorney-in-Fact for Daniel Sturman
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Daniel Sturman filed Form 4 for Roblox Corp (RBLX) on 22 May 2024.
Change
- Previous filing in this sequence was filed on 22 Feb 2024.
- Current net transaction value: -$356,488.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
RBLX
transaction
Class A Common Stock
Other
- Transaction value
- $0
- Shares
- -11,757
- Change %
- -2.4%
- Price
- $0.000000
- Shares after
- 480,269
- Date
- 20 May 2024
- Ownership
- Direct
- Footnotes
- F1, F2
RBLX
transaction
Class A Common Stock
Sale
- Transaction value
- $356,488
- Shares
- -10,949
- Change %
- -2.3%
- Price
- $32.56
- Shares after
- 469,320
- Date
- 21 May 2024
- Ownership
- Direct
- Footnotes
- F2, F3, F4
RBLX
holding
Class A Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 111,983
- Date
- 20 May 2024
- Ownership
- See Footnote
- Footnotes
- F5
RBLX
holding
Class A Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 111,982
- Date
- 20 May 2024
- Ownership
- See Footnotes
- Footnotes
- F6
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
RBLX
transaction
Derivative
Phantom Stock
Other
- Transaction value
- Shares
- +11,757
- Change %
- +25%
- Price
- Shares after
- 58,785
- Date
- 20 May 2024
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 11,757
- Exercise price
- Footnotes
- F1, F7, F8
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 8 footnotes
Footnote F1
In connection with the vesting on May 20, 2024, of restricted stock units previously granted to the reporting person, the reporting person's receipt of 11,757 shares of Class A common stock was deferred, resulting in the reporting person's receipt instead of 11,757 shares of phantom stock pursuant to Roblox Corporation's deferred compensation plan. The reporting person is therefore reporting the disposition of 11,757 shares of Class A common stock in exchange for an equal number of shares of phantom stock.
Footnote F2
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.
Footnote F3
Represents the number of shares sold to cover the statutory tax withholding obligations in connection with the vesting of Restricted Stock Units (RSUs). This sale was to satisfy tax withholding obligations to be funded by a "sell to cover' transaction.
Footnote F4
The price reported in column 4 is an average price. These shares were sold in multiple transactions at prices ranging from $32.23 to $33.16, 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.
Footnote F5
These shares are held directly by Mo Red LLC, a Delaware limited liability company for which the reporting person serves as manager. The Reporting Person may be deemed to have beneficial ownership over the securities held by the limited liability company.
Footnote F6
These shares are held directly by Lucy Simon LLC, a Delaware limited liability company for which the spouse of the Reporting Person serves as manager. The spouse of the Reporting Person may be deemed to have beneficial ownership of the securities held by the limited liability company.
Footnote F7
Each share of phantom stock represents a right to receive one share of Class A common stock.
Footnote F8
The phantom stock becomes payable in 3 equal annual installments starting on March 1, 2026 subject to the Reporting Person continuing as a service provider through March 1, 2026. Following the reporting person's termination from the Company, the phantom stock becomes payable in six equal installments through May 20, 2029