Chief Product Officer Bronstein Manuel bought $1,266 worth of shares (30 units at $42.21) and sold $2,792,935 worth of shares (45,543 units at $61.33), decreasing direct ownership by 7% to 613,650 units (SEC Form 4)
$RBLX
Computer Software: Prepackaged Software
Technology
| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
| Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
Roblox Corp [ RBLX ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 10/01/2021 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Class A Common Stock | 10/01/2021 | P(1) | 3 | A | $74.0562 | 659,166(2) | D | |||
| Class A Common Stock | 10/08/2021 | S(3) | 3 | D | $71.85 | 659,163(2) | D | |||
| Class A Common Stock | 01/19/2022 | P(1) | 1 | A | $75.37 | 659,164(2) | D | |||
| Class A Common Stock | 01/21/2022 | S(3) | 1 | D | $71.1328 | 659,163(2) | D | |||
| Class A Common Stock | 02/22/2022 | P(1) | 4 | A | $46.85 | 659,167(2) | D | |||
| Class A Common Stock | 03/04/2022 | S(3) | 4 | D | $43.97 | 659,163(2) | D | |||
| Class A Common Stock | 04/05/2022 | P(1) | 1 | A | $49.0483 | 659,164(2) | D | |||
| Class A Common Stock | 04/07/2022 | S(3) | 1 | D | $43.34 | 659,163(2) | D | |||
| Class A Common Stock | 05/09/2022 | P(1) | 4 | A | $25.66 | 659,167(2) | D | |||
| Class A Common Stock | 06/23/2022 | P(1) | 1 | A | $33.655 | 659,168(2) | D | |||
| Class A Common Stock | 11/21/2022 | S(3) | 1 | D | $29.85 | 659,167(2) | D | |||
| Class A Common Stock | 12/22/2022 | P(1) | 2 | A | $26.335 | 659,169(2) | D | |||
| Class A Common Stock | 03/29/2023 | P(1) | 1 | A | $42.8374 | 659,170(2) | D | |||
| Class A Common Stock | 05/01/2023 | S(3) | 1 | D | $36.1017 | 659,169(2) | D | |||
| Class A Common Stock | 06/01/2023 | P(1) | 8 | A | $42.43 | 659,177(2) | D | |||
| Class A Common Stock | 07/03/2023 | S(3) | 8 | D | $41 | 659,169(2) | D | |||
| Class A Common Stock | 08/18/2023 | P(1) | 1 | A | $27.6084 | 659,170(2) | D | |||
| Class A Common Stock | 09/18/2023 | S(3) | 1 | D | $27.48 | 659,169(2) | D | |||
| Class A Common Stock | 10/19/2023 | P(1) | 3 | A | $31.05 | 659,172(2) | D | |||
| Class A Common Stock | 12/04/2023 | P(1) | 1 | A | $40.2882 | 659,173(2) | D | |||
| Class A Common Stock | 01/17/2024 | S(3) | 1 | D | $38.0743 | 659,172(2) | D | |||
| Class A Common Stock | 05/09/2024 | S(3) | 3 | D | $30.585 | 659,169(2) | D | |||
| Class A Common Stock | 02/20/2025 | S(4) | 45,219 | D | $61.3303(5) | 613,950(2) | D | |||
| Class A Common Stock | 02/20/2025 | S(4) | 300 | D | $61.9433(6) | 613,650(2) | D | |||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Explanation of Responses: |
| 1. The shares were inadvertently acquired by a third party pursuant to the Reporting Person's direct indexing account, which included shares of the Issuer among shares of other public companies within an existing stock index. Such acquisitions were only recently discovered. See "Remarks" below. |
| 2. 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. The shares were inadvertently sold by a third party pursuant to the Reporting Person's direct indexing account, which included shares of the Issuer among shares of other public companies within an existing stock index. Such sales were only recently discovered. |
| 4. Represents the number of shares sold to cover the statutory tax withholding obligations in connection with the vesting of RSUs. This sale was to satisfy tax withholding obligations to be funded by a "sell to cover" transaction. |
| 5. The price reported in column 4 is an average price. These shares were sold in multiple transactions at prices ranging from $60.94 to $61.93, 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 ranges set forth in footnotes (4) and (5) to this Form 4. |
| 6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $61.94 to $61.95, inclusive. |
| Remarks: |
| For purposes of the short-swing profit recovery provisions of Section 16(b) of the Securities Exchange Act of 1934, the acquisition of shares reported herein may be deemed to be matchable as follows: (i) the purchase of 13 shares reported in Rows 1, 3, 5, 7 and 9 of Table I with the reporting person's sale of 13 shares of Issuer Class A Common Stock to satisfy the Reporting Person's tax obligations in connection with the vesting of restricted stock units on November 22, 2021; (ii) the purchase of three shares reported in Rows 10 and 12 of Table I with the Reporting Person's sale of three shares of Issuer Class A Common Stock on August 12, 2022 effected pursuant to a Rule 10b5-1 Plan adopted on May 27, 2021; (iii) the purchase of ten shares reported in Rows 13, 15 and 17 of Table I with the reporting person's sale of ten shares of Issuer Class A Common Stock on March 16, 2023 effected pursuant to a Rule 10b5-1 Plan adopted on February 28, 2022; and (iv) the purchase of four shares reported in Rows 19 and 20 of Table I with the reporting person's sale of four shares of Issuer Class A common stock on July 11, 2023 effected pursuant to a Rule 10b5-1 Plan adopted on February 24, 2023. The reporting person has paid to the Issuer $1,289.87, which represents the full amount of the profit realized in connection with the short-swing transaction, less transaction costs. |
| /s/ Adele Freedman, by power of attorney | 02/24/2025 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||