Mark Reinstra - Apr 13, 2023 Form 4 Insider Report for Roblox Corp (RBLX)

Role: Gen. Counsel & Secretary
Signature: /s/Adele Freedman
Stock symbol: RBLX
Transactions as of: Apr 13, 2023
Transactions value $: $0
Form type: 4
Date filed: 4/14/2023, 07:51 PM
Previous filing: Feb 24, 2023
Next filing: May 24, 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	Award	$0	+111K	+47.72%	$0.00	344K	Apr 13, 2023	Direct	F1, F2, F3
holding	RBLX	Class A Common Stock						66.8K	Apr 13, 2023	See Footnotes	F4
holding	RBLX	Class A Common Stock						25K	Apr 13, 2023	See Footnote
holding	RBLX	Class A Common Stock						25K	Apr 13, 2023	See Footnotes

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	Performance Stock Unit	Award	$0	+88.8K		$0.00	88.8K	Apr 13, 2023	Class A Common Stock	88.8K		Direct	F5, F6, F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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. 1/12th of the RSUs shall vest on May 20, 2023 and 1/12th of the RSUs shall vest quarterly thereafter, subject to the Reporting Person continuing as a service provider through each such date.
F2	Includes 603 shares acquired by the Reporting Person on February 27,2023 pursuant to the Issuer's 2020 Employee Stock Purchase Plan.
F3	Does not include (i) 32,812 shares previously reported as indirectly held by the reporting person because the reporting person is no longer trustee of the Mark L. Reinstra Annuity Trust dated October 7, 2020 and (ii) 32,812 shares previously reported as indirectly held by the reporting person because the reporting person is no longer trustee of the Susan P. Reinstra Annuity Trust dated October 7, 2020.
F4	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.
F5	Each performance stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F6	Represents that maximum number of shares of Class A Common Stock which may be issued under this award.
F7	The vesting of the performance stock units ("PSUs") is subject to satisfying both a performance-based requirement and a service-based requirement. The performance-based requirement is satisfied based on the achievement of certain cumulative Bookings and EBITDA targets by the Issuer between January 1, 2023 and December 31, 2024. Subject to continued service by the Reporting Person on each vesting date, 50% of the PSUs eligible to vest based on performance will vest following certification of performance results by our Leadership Development and Compensation Committee within 60 days following December 31, 2024 and the remaining 50% of the PSUs eligible to vest based on performance will vest on the third anniversary of the grant date.