Form 4: Anthony P. Lee Reports Changes in Beneficial Ownership of Roblox Corp (RBLX) Stock Following Pro-Rata Distributions

Anthony P. Lee, a director of Roblox Corp, reports changes in beneficial ownership due to pro-rata in-kind distributions of Class A Common Stock from various Altos Funds and related entities.

Summary

• On January 31, 2025, Anthony P. Lee reported changes in his beneficial ownership of Roblox Corp (RBLX) Class A Common Stock.
• The changes are due to pro-rata in-kind distributions of shares from various Altos Ventures funds and related entities to their partners.
• Lee disclaims beneficial ownership of shares held by the Altos Funds except to the extent of his pecuniary interest.
• The reported transactions involve multiple entities, including Altos Ventures IV, L.P., Altos Ventures IV Liquidity Fund, L.P., Altos Ventures IV Reserve Fund, L.P., Altos Roblox SPV 1, LLC, Altos Roblox SPV 2, LLC, Altos Roblox SPV 2020, LLC, and Altos Hybrid 2, L.P.
• Lee also received shares directly through Fallen Leaf Revocable Trust and Fallen Leaf LLC Sub Fund No. 1, for which he serves as trustee and managing member, respectively.
• Additionally, shares are held in trusts for Lee's children, for which he serves as co-trustee.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, and the transactions described are related to distributions rather than market sales or purchases, indicating a neutral sentiment.

Industry Context

Form 4 filings are standard practice for corporate insiders to report changes in their ownership of company stock, ensuring transparency and compliance with SEC regulations.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider ownership.
• The pro-rata distributions may have a minor impact on the overall share distribution.

Key Dates

Keywords

Roblox, RBLX, Anthony P. Lee, beneficial ownership, Form 4, Altos Ventures, Class A Common Stock, pro-rata distribution, insider trading