Form 4 for RBLX Roblox Corp
Accepted 2024-05-22 00:00:00 ET · period of report 2024-05-20 · accession 0001315098-24-000101 · 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 | 2024-05-22 | 2024-05-20 | RBLX | Sturman Daniel | CTO | J - Other | $0.00 | -11.8K | 480.3K | -2% | $0 |
| D | 2024-05-22 | 2024-05-21 | RBLX | Sturman Daniel | CTO | S - Sale | $32.56 | -10.9K | 469.3K | -2% | -$356.5K |
| D | 2024-05-22 | 2024-05-20 | RBLX | Sturman Daniel | CTO | J - Other | — | +11.8K | 58.8K | +25% | — |
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 | 2024-05-20 | J | D | 11,757 | $0.00 | 480,269 | D | — | — | (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. (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 | Common | Class A Common Stock | 2024-05-21 | S | D | 10,949 | $32.56 | 469,320 | D | — | — | (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. (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. |
| 3 | Derivative | Phantom Stock | 2024-05-20 | J | A | 11,757 | — | 58,785 | D | — · — to — | 11,757 Class A Common Stock | (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. (F7) Each share of phantom stock represents a right to receive one share of Class A common stock. (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 |