Roblox (RBLX) CLO Mark Reinstra Sells 5,773 Shares

What Happened Mark Reinstra, Chief Legal Officer and Corporate Secretary of Roblox Corp (RBLX), disposed of a total of 5,773 shares on September 8, 2026 in open-market sales. The three reported sales were: 1,920 shares at a weighted avg $44.30 ($85,048), 3,753 shares at a weighted avg $45.03 ($169,000), and 100 shares at $45.73 (~$4,573), for combined proceeds of about $258,621. These were sales (code S) and therefore represent divestiture rather than a purchase.

Key Details

• Transaction date: September 8, 2026; Form 4 filed September 9, 2026 (appears timely).
• Reported sales:
  • 1,920 shares at $44.30 — proceeds ~$85,048 (weighted avg; prices in that lot ranged ~$43.71–$44.67 per filing).
  • 3,753 shares at $45.03 — proceeds ~$169,000 (weighted avg; prices in that lot ranged ~$44.71–$45.63 per filing).
  • 100 shares at $45.73 — proceeds ~$4,573.
• Total shares sold: 5,773; total proceeds: approx. $258,621.
• Shares owned after transaction: not specified in the provided filing summary.
• Notable footnotes from the filing:
  • Transactions were effected under a Rule 10b5-1 trading plan adopted Feb 19, 2026 (pre-arranged sales).
  • Filing notes some shares are Restricted Stock Units (RSUs) convertible into Class A shares.
  • Several footnotes indicate certain shares are held in trusts (Reporting Person serves as trustee) and the Reporting Person may be deemed to have beneficial ownership of those trust holdings.
  • Weighted-average price disclosures include ranges; the filer offers to provide per-trade price details on request.

Context

• These were open-market sales under a 10b5-1 plan, a pre-arranged trading program that insiders often use to sell shares on a predetermined schedule; such sales are generally considered routine and do not, by themselves, indicate insider sentiment.
• Sale transactions (code S) differ from purchases, which are often viewed as a stronger signal of insider confidence. This filing documents disposals only.