Form 4: Roblox Corp Executive Mark Reinstra Reports Share Transactions

Roblox Corp's General Counsel and Secretary, Mark Reinstra, reported a gift of 3,000 Class A Common Stock shares to a Donor Advised Fund and details of his beneficial ownership of shares held in various trusts.

Summary

• Mark Reinstra, General Counsel & Secretary of Roblox Corp, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On November 13, 2024, Mr. Reinstra gifted 3,000 shares of Class A Common Stock to a Donor Advised Fund.
• The transaction was a gift, with a price of $0 per share.
• Following the transaction, Mr. Reinstra directly owns 294,641 shares of Class A Common Stock, some of which are Restricted Stock Units (RSUs).
• Mr. Reinstra also has indirect beneficial ownership of shares held in multiple trusts, including the San Domenico Trust, the Mark L. Reinstra 2023 and 2022 Annuity Trusts, and the Susan P. Reinstra 2023 and 2022 Annuity Trusts.
• The total indirect holdings are 109,190 shares in the San Domenico Trust, 40,000 shares in the Mark L. Reinstra 2023 Annuity Trust, 18,482 shares in the Mark L. Reinstra 2022 Annuity Trust, 40,000 shares in the Susan P. Reinstra 2023 Annuity Trust, and 18,482 shares in the Susan P. Reinstra 2022 Annuity Trust.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of stock transactions, which is neither positive nor negative in itself. It is a neutral event.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common practice for publicly traded companies. It provides transparency into the ownership changes of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
• The reporting of beneficial ownership through trusts is also a common practice among executives and high-net-worth individuals.
• The level of detail provided in the filing is typical for this type of disclosure, including the identification of the trusts and the number of shares held.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a gift of shares by an executive and does not represent a sale on the open market.
• The disclosure provides transparency to stakeholders regarding the ownership structure of the company.

Key Dates

Keywords

Form 4, Beneficial Ownership, Roblox Corp, RBLX, Mark Reinstra, Stock Transaction, Donor Advised Fund, Restricted Stock Units, Trusts