Form 4 for RBLX Roblox Corp
Accepted 2024-03-05 00:00:00 ET · period of report 2024-03-01 · accession 0001315098-24-000051 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2024-03-05 | 2024-03-01 | RBLX | Baszucki David | Pres, CEO, Dir, 10% | A - Grant | $0.00 | +148.8K | 148.8K | +14,884,400% | $0 |
| D | 2024-03-05 | 2024-03-01 | RBLX | Baszucki David | Pres, CEO, Dir, 10% | D - Sale to Iss | $0.00 | -11.50M | 0 | -100% | $0 |
| D | 2024-03-05 | 2024-03-01 | RBLX | Baszucki David | Pres, CEO, Dir, 10% | A - Grant | $0.00 | +893.1K | 893.1K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2024-03-01 | A | A | 148,844 | $0.00 | 148,845 | D | — | — | (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, 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. (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. |
| 2 | Derivative | Restricted Stock Unit | 2024-03-01 | D | D | 11,500,000 | $0.00 | 0 | D | $0.00 · — to 2028-03-02 | 11,500,000 Class A Common Stock | (F11) The restricted stock unit is divided into seven tranches that are eligible to vest based on the achievement of the Company's stock price goals, beginning on the two year anniversary of the Company's initial public offering and ending on the seven year anniversary of the Company's initial public offering, provided that in each case, the Reporting Person continues to be a service provider to the Company on such date and that for each tranche, the stock price goal set forth in the restricted stock unit agreement between the Company and the Reporting Person for the corresponding annual period has been achieved. |
| 3 | Derivative | Performance Stock Unit | 2024-03-01 | A | A | 893,068 | $0.00 | 893,068 | D | — · — to — | 893,068 Class A Common Stock | (F8) Represents that maximum number of shares of Class A Common Stock which may be issued under this award. (F7) Each performance stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock. (F9) 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. |