Reinstra Mark 4

What Happened

• Mark Reinstra, Roblox’s Chief Legal Officer and Corporate Secretary, received equity awards on March 1, 2026: 96,790 restricted stock units (RSUs) and 104,236 performance stock units (PSUs). Both awards were granted with a $0 purchase price (standard for equity compensation).
• RSUs: each RSU represents a contingent right to one share of Class A common stock and will vest over time (see vesting schedule below). PSUs: each PSU is a contingent right to one share and vesting is performance-based (see below); the 104,236 figure represents the maximum number of shares that may be issued under the PSU award.

Key Details

• Transaction date: 2026-03-01; Grant type: A (award/grant); Price: $0.00.
• RSU vesting: 1/12th of the RSUs vest on May 20, 2026 and then 1/12th quarterly thereafter, subject to continued service.
• PSU vesting: contingent on achievement of bookings and Covenant Adjusted EBITDA margin targets for two successive one‑year periods (beginning Jan 1, 2026) and a relative total shareholder return target over Jan 1, 2026–Dec 31, 2027; vesting (up to 100% of eligible PSUs) occurs after certification by the compensation committee following the performance period.
• “104,236” PSUs represents the maximum potential payout under the award (performance contingent).
• Shares owned after the transaction: not stated in the provided excerpt of the filing.
• Filing timeliness: Reported Period 2026-03-01, filed 2026-03-03 — appears timely (not marked late).

Context

• RSUs and PSUs are compensation awards, not open-market purchases or sales; RSUs vest based on continued service, PSUs depend on both service and company performance. These awards are common for senior executives and are intended to align pay with long-term company results.
• Because PSUs are performance-contingent, the actual number of shares that will be issued (if any) depends on future results and committee certification — they are not immediate share issuances.