Kaufman Matthew D 4
4 · Roblox Corp · Filed Apr 15, 2026
Research Summary
AI-generated summary of this filing
Roblox (RBLX) Chief Safety Officer Matthew Kaufman Sells Shares
What Happened
Matthew D. Kaufman, Chief Safety Officer of Roblox Corp (RBLX), reported open-market sales on April 13, 2026 totaling 13,325 shares for aggregate gross proceeds of approximately $772,102. The filings show two transactions: 13,225 shares at an average price of $57.94 (≈ $766,257) and 100 shares at $58.45 ($5,845). The 13,225-share sale was a mandated "sell-to-cover" to satisfy statutory tax withholding related to the vesting of the final tranche of performance stock units (PSUs) granted April 13, 2023, and is not a discretionary sale by the reporting person.
Key Details
- Transaction date: 2026-04-13; Form 4 filed: 2026-04-15 (timely filing).
- Reported prices: $57.94 (average for the 13,225-share sale; trades ranged $57.43–$58.41) and $58.45 for the 100-share sale.
- Total shares sold: 13,325; total proceeds ≈ $772,102.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Notable footnotes: F1 — 13,225 shares sold to cover statutory tax withholding for vested PSUs (sell-to-cover, not discretionary). F2 — price shown is an average; multiple execution prices in the stated range. F3 — a portion of reported securities are Restricted Stock Units (RSUs), each representing a contingent right to one share.
Context
Sell-to-cover transactions are routine actions required to satisfy tax obligations when equity awards vest and do not necessarily indicate the insider's view of the company's prospects. The filing indicates these sales were tied to vesting of equity awards (PSUs/RSUs) rather than an opportunistic open-market disposition.
Insider Transaction Report
- Sale
Class A Common Stock
[F1][F2][F3]2026-04-13$57.94/sh−13,225$766,257→ 364,420 total - Sale
Class A Common Stock
[F1][F3]2026-04-13$58.45/sh−100$5,845→ 364,320 total
Footnotes (3)
- [F1]Represents the number of shares sold to cover the statutory tax withholding obligations in connection with the vesting of the final tranche of performance stock units ("PSUs") granted on April 13, 2023. This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of statutory tax withholding obligations to be funded by a "sell-to-cover" transaction and does not represent a discretionary sale by the Reporting Person.
- [F2]The price reported in column 4 is an average price. These shares were sold in multiple transactions at prices ranging from $57.43 to $58.41, 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.
- [F3]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.