Kaufman Matthew D 4
Research Summary
AI-generated summary
Roblox (RBLX) Chief Safety Officer Matthew D. Kaufman Sells Shares
What Happened
Matthew D. Kaufman, Roblox's Chief Safety Officer, reported three open-market sales on May 20, 2026 totaling 14,356 shares for aggregate proceeds of approximately $649,955. The sales were recorded as: 1,410 shares at a weighted avg. $44.42 ($62,638), 12,756 shares at a weighted avg. $45.36 ($578,598), and 190 shares at a weighted avg. $45.89 ($8,719). All transactions are coded as sales (S).
Key Details
- Transaction date: May 20, 2026 (Form 4 filed May 22, 2026 — within the two-business-day reporting window).
- Sale line details and price ranges:
- 1,410 shares, weighted avg $44.42 (executions ranged $43.88–$44.87).
- 12,756 shares, weighted avg $45.36 (executions ranged $44.88–$45.83).
- 190 shares, weighted avg $45.89 (executions ranged $45.89–$45.90).
- Total shares sold: 14,356; total proceeds: ~$649,955.
- Footnotes: the filings indicate these sales were sell-to-cover transactions to satisfy statutory tax withholding arising from RSU/PSU vesting (mandatory, not discretionary). Some securities involved were Restricted Stock Units (RSUs); footnotes also state detailed per-price execution breakdowns are available on request.
- Shares owned after the transactions: not disclosed in the provided filing excerpt.
Context
Sell-to-cover transactions are common when RSUs/PSUs vest — the company or broker sells a portion of the vested shares to cover required taxes. Such mandatory tax-withholding sales do not necessarily reflect an insider's view on the company’s prospects.