Form 4: Roblox Corp's Chief Legal Officer Sells Shares to Cover Tax Obligations

Mark Reinstra, Chief Legal Officer & Corporate Secretary of Roblox Corp, sold shares of Class A Common Stock to cover statutory tax withholding obligations related to vesting Restricted Stock Units (RSUs).

Summary

• On May 20, 2025, Mark Reinstra, the Chief Legal Officer & Corporate Secretary of Roblox Corp, sold shares of Class A Common Stock.
• The sales were executed in multiple transactions with prices ranging from $80.08 to $81.06 and $81.08 to $81.37.
• A total of 1,203 shares were sold at an average price of $81.23.
• A total of 14,649 shares were sold at an average price of $80.61.
• The sales were to cover statutory tax withholding obligations related to the vesting of Restricted Stock Units (RSUs).
• Reinstra directly owns 389,489 shares of Class A Common Stock after the reported transactions.
• Reinstra also has indirect ownership through several trusts, including the San Domenico Trust, the Mark L. Reinstra 2023 Annuity Trust, the Mark L. Reinstra 2022 Annuity Trust, the Susan P. Reinstra 2023 Annuity Trust, and the Susan P. Reinstra 2022 Annuity Trust.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating routine transactions. The sentiment is neutral as it reflects standard practice for covering tax obligations.

Industry Context

Sales of shares to cover tax obligations upon vesting of RSUs are a common practice among corporate executives and do not necessarily indicate a negative outlook on the company.

Stakeholder Impact

• The sale of shares by an executive could have a minor, temporary impact on the stock price, but is unlikely to have a significant long-term effect.

Key Dates

Keywords

Roblox, RBLX, Mark Reinstra, Form 4, SEC, Share Sale, Insider Trading, Restricted Stock Units, RSUs, Tax Withholding, Beneficial Ownership, Class A Common Stock