Form 4: Roblox Director Anthony P. Lee Reports Changes in Beneficial Ownership

Director Anthony P. Lee reports changes in beneficial ownership of Roblox Corp [RBLX] stock due to a donation and pro-rata in-kind distributions from various Altos Ventures entities.

Summary

• On August 16, 2024, Anthony P. Lee, a director of Roblox Corp, donated 10,000 shares of Class A Common Stock to a donor-advised fund.
• On August 19, 2024, Lee received shares of Class A Common Stock through pro-rata in-kind distributions from various Altos Ventures entities, including Altos Ventures IV, LP, Altos Ventures IV Liquidity Fund, L.P., Altos Ventures IV Reserve Fund, L.P., Altos Roblox SPV 1, LLC, Altos Roblox SPV 2, LLC and Altos Roblox SPV 2020, LLC.
• The transactions resulted in changes to the number of shares held directly and indirectly by Lee through various trusts and investment funds.
• After these transactions, Lee's total indirect beneficial ownership includes shares held by Fallen Leaf Revocable Trust, Fallen Leaf LLC Sub Fund No. 1, Altos Ventures IV, L.P., Altos Hybrid 2, L.P., Altos Hybrid 4, L.P., Altos Ventures IV Liquidity Fund, L.P., Altos Ventures IV Reserve Fund, L.P., Altos Roblox SPV 1, LLC, Altos Roblox SPV 2, LLC, Altos Roblox SPV 2020, LLC, trusts for his children, and directly held shares.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing changes in stock ownership. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard practice for company insiders (directors, officers, and principal stockholders) to report transactions in their company's stock, providing transparency to the market.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for corporate insiders in publicly traded companies, ensuring transparency and preventing insider trading.
• Similar filings are common across the technology sector, with executives and directors at companies like Meta, Google, and Apple regularly reporting their stock transactions.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the stock transactions of a company director.
• The donation of shares to a donor-advised fund may have a positive impact on the charitable organizations supported by the fund.

Key Dates