4//SEC Filing
Sturman Daniel 4
Accession 0001315098-23-000062
CIK 0001315098other
Filed
Apr 13, 8:00 PM ET
Accepted
Apr 14, 7:56 PM ET
Size
10.1 KB
Accession
0001315098-23-000062
Insider Transaction Report
Form 4
Roblox CorpRBLX
Sturman Daniel
Chief Technology Officer
Transactions
- Award
Performance Stock Unit
2023-04-13+128,258→ 128,258 total→ Class A Common Stock (128,258 underlying) - Award
Class A Common Stock
2023-04-13+160,324→ 547,019 total
Holdings
- 111,982(indirect: See Footnotes)
Class A Common Stock
- 111,983(indirect: See Footnote)
Class A Common Stock
Footnotes (6)
- [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, 2023 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]These shares are held directly by Lucy Simon LLC, a Delaware limited liability company for which the spouse of the Reporting Person serves as manager. The spouse of the Reporting Person may be deemed to have beneficial ownership of the securities held by the limited liability company.
- [F3]These shares are held directly by Mo Red LLC, a Delaware limited liability company for which the reporting person serves as manager. The Reporting Person may be deemed to have beneficial ownership over the securities held by the limited liability company.
- [F4]Each performance stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- [F5]Represents that maximum number of shares of Class A Common Stock which may be issued under this award.
- [F6]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 EBITDA targets by the Issuer between January 1, 2023 and December 31, 2024. Subject to continued service by the Reporting Person on each vesting date, 50% 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, 2024 and the remaining 50% of the PSUs eligible to vest based on performance will vest on the third anniversary of the grant date.
Documents
Issuer
Roblox Corp
CIK 0001315098
Entity typeother
Related Parties
1- filerCIK 0001835042
Filing Metadata
- Form type
- 4
- Filed
- Apr 13, 8:00 PM ET
- Accepted
- Apr 14, 7:56 PM ET
- Size
- 10.1 KB