Mark Reinstra - Feb 10, 2025 Form 4 Insider Report for Roblox Corp (RBLX)

Signature
/s/ Adele Freedman Attorney-in-Fact for Mark Reinstra
Stock symbol
RBLX
Transactions as of
Feb 10, 2025
Transactions value $
-$1,287,557
Form type
4
Date filed
2/12/2025, 09:37 PM
Previous filing
Jan 24, 2025
Next filing
Feb 24, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RBLX Class A Common Stock Options Exercise $0 +77.6K +27.59% $0.00 359K Feb 10, 2025 Direct F1, F2, F3
transaction RBLX Class A Common Stock Sale -$1.29M -19.5K -5.44% $65.94 339K Feb 11, 2025 Direct F3, F4, F5
holding RBLX Class A Common Stock 115K Feb 10, 2025 See footnote F6
holding RBLX Class A Common Stock 35.4K Feb 10, 2025 See footnote F7
holding RBLX Class A Common Stock 18.5K Feb 10, 2025 See Footnote F8
holding RBLX Class A Common Stock 35.4K Feb 10, 2025 See footnote F9
holding RBLX Class A Common Stock 18.5K Feb 10, 2025 See Footnotes F10

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 Options Exercise $0 -77.6K -100% $0.00 0 Feb 10, 2025 Class A Common Stock 77.6K Direct F11, F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Upon certification of the achievement of certain performance criteria as approved by the Issuer's Leadership Development and Compensation Committee and the reporting person's continued service, 38,785 performance stock units ("PSUs") vested on February 10, 2025 and an additional 38,785 PSUs vest on April 13, 2026, subject to continued service.
F2 Each PSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
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 Represents the number of shares sold to cover the statutory tax withholding obligations in connection with the vesting of performance stock units ("PSUs"). This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of minimum statutory tax withholding obligations to be funded by a "sell-to-cover" transaction and does not represent a discretionary sale by the Reporting Person.
F5 The price reported in column 4 is an average price. These shares were sold in multiple transactions at prices ranging from $65.49 to $66.31, 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.
F6 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.
F7 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.
F8 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.
F9 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.
F10 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.
F11 Each performance stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F12 The vesting of the PSUs was subject to the satisfaction of both a performance-based requirement and a service-based requirement. A portion of the performance-based requirement was satisfied based on the achievement of certain cumulative bookings and EBITDA targets by the Issuer during the performance period. The Issuer's Leadership Development and Compensation Committee certified the award of 77,570 PSUs and the remaining 11,224 PSUs were forfeited.