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Filing Details

Accession Number:: 0001315098-24-000052
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2024-03-05 18:21:58
Reporting Period:: 2024-03-01

Accepted Time:: 2024-03-05 18:21:58
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1315098	Roblox Corp	RBLX	Services-Prepackaged Software (7372)	200991664

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1607880	Michael Guthrie	C/O Roblox Corporation 970 Park Place San Mateo CA 94403	Chief Financial Officer	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Class A Common Stock	Acquisiton	2024-03-01	163,080	$0.00	396,709	No	4	A	Direct
Class A Common Stock	Acquisiton	2024-03-04	30,000	$0.53	426,709	No	4	M	Direct
Class A Common Stock	Disposition	2024-03-04	28,400	$40.64	398,309	No	4	S	Direct
Class A Common Stock	Disposition	2024-03-04	1,600	$41.40	396,709	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	A	Direct
No	4	M	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Performance Stock Unit	Acquisiton	2024-03-01	175,624	$0.00	175,624	$0.00
Class A Common Stock	Stock Option (Right to Buy)	Disposition	2024-03-04	30,000	$0.00	30,000	$0.53

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
175,624			No	4	A	Direct
1,642,390		2028-02-05	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common Stock	61,422	Indirect	See Footnote

Footnotes

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, 2024 and 1/12th of the RSUs shall vest quarterly thereafter, subject to the Reporting Person continuing as a service provider through each such date.
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.
The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 Plan adopted by the Reporting Person on November 18, 2023.
The price reported in column 4 is an average price. These shares were sold in multiple transactions at prices ranging from $40.27 to $41.02, 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.
The price reported in column 4 is an average price. These shares were sold in multiple transactions at prices ranging from $41.29 to $41.50, 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.
These shares are held by the Guthrie Family Irrevocable GST Exempt Trust dtd. 10/29/2021. The Reporting Person may be deemed to have beneficial ownership of the securities held by the trust.
Each performance stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.
Represents that maximum number of shares of Class A Common Stock which may be issued under this award.
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 covenant adjusted EBITDA targets by the Issuer between January 1, 2024 and December 31, 2025. Subject to continued service by the Reporting Person on each vesting date, 67% 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, 2025 and the remaining 33% of the PSUs eligible to vest based on performance will vest in approximately equal quarterly installments thereafter on each of May 20, 2026, August 20, 2026, November 20, 2026, and February 20, 2027, subject to continued service.
1/48th of the shares subject to the option vested on February 5, 2019, 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.