4//SEC Filing
Sturman Daniel 4
Accession 0001315098-23-000178
CIK 0001315098other
Filed
Nov 21, 7:00 PM ET
Accepted
Nov 22, 5:59 PM ET
Size
14.0 KB
Accession
0001315098-23-000178
Insider Transaction Report
Form 4
Roblox CorpRBLX
Sturman Daniel
Chief Technology Officer
Transactions
- Sale
Class A Common Stock
2023-11-21$36.69/sh−10,729$393,658→ 482,285 total - Sale
Class A Common Stock
2023-11-21$37.36/sh−108$4,035→ 482,177 total - Other
Phantom Stock
2023-11-20+11,757→ 35,271 total→ Class A Common Stock (11,757 underlying) - Other
Class A Common Stock
2023-11-20−11,757→ 493,014 total
Holdings
- 111,983(indirect: See Footnote)
Class A Common Stock
- 111,982(indirect: See Footnotes)
Class A Common Stock
Footnotes (9)
- [F1]In connection with the vesting on November 20, 2023, 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.
- [F3]Represents the number of shares sold to cover the statutory tax withholding obligations in connection with the vesting of Restricted Stock Units (RSUs). This sale was to satisfy tax withholding obligations to be funded by a "sell to cover' transaction.
- [F4]The price reported in column 4 is an average price. These shares were sold in multiple transactions at prices ranging from $36.35 to $37.34, 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.
- [F5]The price reported in column 4 is an average price. These shares were sold in multiple transactions at prices ranging from $37.35 to $37.43, 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.
- [F6]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.
- [F7]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.
- [F8]Each share of phantom stock represents a right to receive one share of Class A common stock.
- [F9]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.
Documents
Issuer
Roblox Corp
CIK 0001315098
Entity typeother
Related Parties
1- filerCIK 0001835042
Filing Metadata
- Form type
- 4
- Filed
- Nov 21, 7:00 PM ET
- Accepted
- Nov 22, 5:59 PM ET
- Size
- 14.0 KB