Form 4: Roblox CFO Michael Guthrie Sells Shares to Cover Tax Obligations

Roblox CFO Michael Guthrie sold 21,614 shares of Class A Common Stock on February 20, 2025, to cover statutory tax withholding obligations related to vesting Restricted Stock Units.

Summary

• On February 20, 2025, Michael Guthrie, the Chief Financial Officer of Roblox Corp, sold 21,614 shares of Class A Common Stock.
• The sale was executed to cover statutory tax withholding obligations associated with the vesting of Restricted Stock Units (RSUs).
• The shares were sold at an average price of $61.3419, with individual transactions ranging from $60.94 to $61.94.
• Following the transaction, Guthrie directly owns 395,465 shares and indirectly owns 61,422 shares through the Guthrie Family Irrevocable GST Exempt Trust.
• A portion of the directly owned securities are Restricted Stock Units (RSUs), each representing a contingent right to receive one share of Roblox's Class A Common Stock.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (sale of shares to cover taxes) and doesn't indicate any significant positive or negative sentiment.

Industry Context

Sales of shares to cover tax obligations upon vesting of RSUs are a common practice among corporate executives.

Stakeholder Impact

• The sale of shares by a company executive could have a minor impact on shareholder sentiment, but is unlikely to have a significant impact.

Key Dates

Keywords

Roblox, RBLX, Michael Guthrie, CFO, Form 4, Share Sale, Restricted Stock Units, Tax Withholding, Beneficial Ownership