Reinstra Mark 4

What Happened

• Mark Reinstra, Chief Legal Officer and Corporate Secretary of Roblox (RBLX), reported three open-market sales on Feb 20, 2026, disposing of a total of 17,186 shares for aggregate proceeds of approximately $1,058,762.
  • 5,913 shares sold at an average price of $60.92 for about $360,220.
  • 10,203 shares sold at an average price of $61.89 for about $631,464.
  • 1,070 shares sold at an average price of $62.69 for about $67,078.
• The filing classifies these as sales (S). Footnotes indicate these transactions were largely “sell-to-cover” trades to satisfy statutory tax withholding in connection with RSU vesting, which is a routine administrative transaction rather than a discretionary market-timing sale.

Key Details

• Transaction date: February 20, 2026 (filed with the SEC on Feb 24, 2026).
• Prices: reported as averages; executed across multiple trades with noted ranges:
  • 5,913-share lot executed in the ~$60.47–$61.45 range (avg $60.92).
  • 10,203-share lot executed in the ~$61.47–$62.44 range (avg $61.89).
  • 1,070-share lot executed in the ~$62.50–$63.01 range (avg $62.69).
• Reason/footnotes: F1 indicates sales were to cover tax withholding for RSU vesting; F3 notes some securities were RSUs (each RSU = contingent right to one share). Several footnotes (F6–F10) reference shares held in various trusts for which Reinstra serves as trustee (possible beneficial ownership implications).
• Shares owned after the transaction: not specified in the provided excerpt of the filing.
• Filing timeliness: The Form 4 was filed on Feb 24, 2026; given the Feb 20 trade date, this filing date is within the SEC’s two-business-day Form 4 deadline and appears timely.

Context

• Sell-to-cover transactions tied to RSU vesting are common and generally intended to meet tax obligations rather than signal a view on the company’s stock. The filing shows routine disposition activity by an insider following equity vesting.