Form 4: Roblox Director Sells Shares Under 10b5-1 Plan

Roblox Director Anthony P. Lee sold Class A Common Stock on January 2, 2026, under a pre-arranged 10b5-1 trading plan.

Summary

• Roblox Corp [RBLX] Director Anthony P. Lee reported the sale of 59,000 shares of Class A Common Stock.
• The transactions occurred on January 2, 2026.
• The sales were executed pursuant to a Rule 10b5-1 trading plan, which was adopted by the reporting person on November 15, 2024.
• The shares were sold at weighted average prices ranging from $79.2439 to $81.5217 per share, with individual transaction prices ranging from $78.84 to $81.78.
• Following these transactions, Anthony P. Lee's beneficial ownership of Class A Common Stock decreased, but he continues to hold shares directly and indirectly through various trusts and an LLC.

Sentiment

Score: 5

Explanation: The sale was executed under a pre-arranged 10b5-1 trading plan, indicating a planned liquidity event rather than a reaction to new information, thus having a neutral impact on sentiment.

Positives

• The sales were conducted under a Rule 10b5-1 trading plan, adopted well in advance on November 15, 2024, which indicates pre-planned liquidity management rather than a reaction to recent non-public information.

Negatives

• Director Anthony P. Lee disposed of a total of 59,000 shares of Class A Common Stock.
• Insider selling, even if pre-planned, can sometimes be perceived by the market as a lack of confidence, though the 10b5-1 plan mitigates this.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This insider transaction report is specific to Roblox Corp and its director, Anthony P. Lee, and does not provide broader industry context or trends.

Related Party Transactions

• The filing details sales of Class A Common Stock by Anthony P. Lee, a director of Roblox Corp.
• Shares were held directly by Fallen Leaf Revocable Trust, for which the reporting person serves as trustee.
• Shares were held directly by a trust for the son of the reporting person, for which the reporting person serves as co-trustee.
• Shares were held directly by a trust for the daughter of the reporting person, for which the reporting person serves as co-trustee.
• Shares are held directly by Fallen Leaf LLC Sub Fund No. 1, for which the reporting person serves as managing member.
• The reporting person disclaims beneficial ownership of shares held by the trusts and LLC except to the extent of his pecuniary interest.

Stakeholder Impact

• Shareholders may note the director's sale, though it was pre-planned under a 10b5-1 plan, which generally reduces the perceived negative signal of insider selling.

Key Dates

Recommendation

The reported sales by Director Anthony P. Lee were executed under a pre-arranged Rule 10b5-1 trading plan adopted on November 15, 2024. Such plans are designed to allow insiders to sell shares without being accused of trading on material non-public information. While insider selling can sometimes be a negative signal, the pre-planned nature of these transactions suggests a personal liquidity event rather than a reflection of a change in the company's fundamental outlook. Therefore, this specific filing alone does not provide sufficient new information to alter a 'hold' recommendation.

Keywords

Roblox, RBLX, Insider Trading, Form 4, Stock Sale, Director, 10b5-1 Plan