SCHEDULE 13G: FMR LLC Discloses 6.5% Stake in Roblox Corp Class A Common Stock

FMR LLC and its affiliates, including Abigail P. Johnson, have reported a beneficial ownership of 6.5% of Roblox Corp's Class A Common Stock as of December 31, 2024.

Summary

• FMR LLC, a Delaware-based entity, and Abigail P. Johnson, a U.S. citizen, have jointly filed a Schedule 13G indicating their beneficial ownership in Roblox Corp.
• As of December 31, 2024, the aggregate amount beneficially owned by FMR LLC and Abigail P. Johnson is 39,628,126.86 shares of Roblox Corp's Class A Common Stock.
• This ownership represents 6.5% of the total outstanding Class A Common Stock.
• FMR LLC holds sole voting power over 38,671,788.46 shares and sole dispositive power over 39,628,126.86 shares.
• Abigail P. Johnson holds sole dispositive power over 39,628,126.86 shares, with no sole or shared voting power reported directly.
• The filing states that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Roblox Corp.
• Several FMR LLC subsidiaries, including Fidelity Management & Research Company LLC, are identified as entities that beneficially own shares, with Fidelity Management & Research Company LLC owning 5% or greater of the reported security class.
• Abigail P. Johnson, as Director, Chairman, and CEO of FMR LLC, is part of the Johnson family, who are predominant owners of FMR LLC's Series B voting common shares, representing 49% of the voting power.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership, providing no positive or negative operational or financial news about the issuer. The sentiment is neutral as it's a standard regulatory filing.

Future Outlook

NA

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."

Industry Context

This filing indicates a significant passive investment by a major institutional asset manager, FMR LLC (Fidelity), in a prominent online entertainment and metaverse platform company, Roblox Corp. Such disclosures are routine for large investment firms managing diversified portfolios and reflect their positions in publicly traded companies.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder's stake, which can be viewed as a vote of confidence from a major investor, though it's a passive investment.

Key Dates

Keywords

Roblox Corp, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Class A Common Stock, Institutional Investor, SEC Filing, Investment Management, Fidelity