Reinstra Mark 4

What Happened

• Mark Reinstra, Chief Legal Officer and Corporate Secretary of Roblox (RBLX), sold 5,978 shares in an open-market transaction on June 8, 2026 at $41.71 per share, generating approximately $249,342 in proceeds. This was a sale (not a purchase or option exercise).

Key Details

• Transaction date and price: 2026-06-08 — sale of 5,978 shares at $41.71 each.
• Total proceeds: about $249,342.
• Shares owned after transaction: not specified in the Form 4 provided.
• Notable footnotes:
  • F1: Transaction was effected under a prearranged Rule 10b5‑1 trading plan adopted Feb 19, 2026.
  • F2: A portion of the securities reported are Restricted Stock Units (RSUs) (each RSU converts to one share upon settlement).
  • F3–F7: Some shares are held in various trusts (San Domenico Trust, Mark L. Reinstra 2022/2023 Annuity Trusts, and Susan P. Reinstra trusts) for which Reinstra is trustee or his spouse is beneficiary; he may be deemed to have beneficial ownership of those trust-held shares.
• Timeliness: Filing date and report period are both 2026-06-08, indicating a timely report.

Context

• The sale was executed under a 10b5‑1 plan, a prearranged trading arrangement that can allow insiders to sell shares according to a preset schedule and reduce concerns about trading on nonpublic information. A portion of the reported holdings are RSUs (contingent rights to receive shares) and some shares are held in trusts for which the insider serves as trustee; these facts affect how ownership is reported but do not, by themselves, indicate intent.
• For retail investors: routine insider sales are common and don’t necessarily signal a change in company outlook. Purchases are generally more informative about insider conviction than routine sales.