Reinstra Mark 4

What Happened

• Mark L. Reinstra, Chief Legal Officer & Corporate Secretary of Roblox Corporation (RBLX), sold a total of 22,735 shares in open‑market transactions on May 20–21, 2026 for aggregate proceeds of approximately $1,035,526. The trades reported were:
  • 2026-05-20: 1,903 shares at a weighted average price of $44.48 — $84,637
  • 2026-05-20: 15,372 shares at a weighted average price of $45.38 — $697,532
  • 2026-05-21: 561 shares at a weighted average price of $45.93 — $25,767
  • 2026-05-21: 4,899 shares at a weighted average price of $46.46 — $227,590
• These were sales (not purchases); several sales were routine (sell‑to‑cover for tax withholding) or part of a prearranged 10b5‑1 trading plan per the filing.

Key Details

• Dates & prices: May 20–21, 2026; reported weighted average prices ranged roughly from ~$43.92 to ~$46.92 across multiple executions (footnotes specify price ranges for grouped trades).
• Total shares sold: 22,735; total proceeds ≈ $1.04 million.
• Shares owned after transaction: Not specified in the information provided in this summary (check the full Form 4 for post‑transaction holdings).
• Notable footnotes: F1 indicates some shares were sold to cover statutory tax withholding (mandatory sell‑to‑cover); F5 indicates some transactions were effected under a Rule 10b5‑1 plan; other footnotes note weighted‑average price ranges and shares held in various annuity/trust accounts for which Reinstra is trustee (F9–F12), which may affect beneficial ownership disclosure.
• Filing timeliness: Reported on May 22, 2026 for transactions on May 20–21, 2026 — appears timely under the two‑business‑day Form 4 requirement.

Context

• Sell‑to‑cover transactions are typically executed to satisfy tax withholding on vested equity and are not discretionary indicators of insider sentiment. Trades executed under a 10b5‑1 plan were prearranged and may be automated, also limiting inference about current views.
• For retail investors, routine insider sales like these are common; purchases generally carry more direct informational weight. Always review the full Form 4 and company disclosures for complete holdings, plan details, and any other insider transactions.