Form 4: Roblox Corp Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Mark Reinstra, Chief Legal Officer & Corp. Sec. of Roblox Corp, sold shares to cover tax obligations related to vesting Restricted Stock Units (RSUs).
Summary
- On February 20, 2025, Mark Reinstra, Chief Legal Officer & Corp. Sec. of Roblox Corp, sold 16,432 shares of Class A Common Stock at an average price of $61.3946.
- The sale was executed to cover statutory tax withholding obligations associated with the vesting of Restricted Stock Units (RSUs).
- Following the transaction, Reinstra directly owns 322,774 shares of Class A Common Stock.
- Reinstra also has indirect ownership of shares through several trusts, including the San Domenico Trust, the Mark L. Reinstra 2022 and 2023 Annuity Trusts, and the Susan P. Reinstra 2022 and 2023 Annuity Trusts.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover taxes) and doesn't contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives.
Key Dates
| Date | Description |
|---|---|
| August 12, 1999 | Date of the San Domenico Trust |
| February 20, 2025 | Date of the share sale transaction |
| February 24, 2025 | Date of signature on the Form 4 filing |
Keywords
Roblox, RBLX, Mark Reinstra, Form 4, SEC, Share Sale, Restricted Stock Units, Tax Withholding, Beneficial Ownership, Class A Common Stock
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