RBLX Form 144: Anthony Patrick Lee plans $8.5M share sale after $20M prior sales

Rhea-AI Filing Summary

Form 144 filing for Roblox Corp. (RBLX) discloses that account holder Anthony Patrick Lee intends to sell up to 66,000 common shares through Fidelity Brokerage on the NYSE around 08-05-2025. At the latest quoted market price used in the notice, the transaction is valued at approximately $8.54 million. The shares were acquired on 01-31-2025 via a fund distribution from Altos Ventures.

The filer has been an active seller: over the past three months he executed 7 separate sales totalling 242,800 shares for gross proceeds of roughly $20.85 million. This new notice signals a potential continuation of that trend. No adverse non-public information is claimed, and the representation statement required by Rule 144 has been signed. Relationship to the issuer was not specified in the excerpt provided.

Positive

• None.

Negative

• Large insider sale notice: 66,000 additional shares valued at $8.5 M follows 242,800 shares sold in prior 3 months.
• Continued selling trend may weigh on investor sentiment despite being small relative to float.

Insights

Equity Analyst

TL;DR: Ongoing insider sales totalling >$29 M in 4 months may pressure sentiment and supply for RBLX.

Rule 144 filings rarely move prices alone, but cumulative volumes matter. Including the proposed 66 k shares, Lee will have filed or executed sales of roughly 309 k shares since May 2025—about 0.05 % of Roblox’s 630 M outstanding but still notable given steady cadence. Persistent insider selling can be interpreted as diminished confidence or liquidity-driven diversification. No pricing floor or 10b5-1 plan date was disclosed, reducing visibility on future activity. While the amount is small relative to float, it adds incremental supply and may cap near-term rallies if broader insider trend continues.

Corporate Governance Specialist

TL;DR: Filing is routine yet signals a pattern that governance watchers should monitor.

Form 144 is a compliance document; the key issue is behavioural. Multiple sales by the same individual within one quarter suggest a structured exit or rebalancing. Lack of stated relationship (e.g., officer, director, VC partner) limits assessment of informational asymmetry risk, but the high dollar value warrants board-level transparency. Investors should track Section 16 Forms 4 for confirmation and compare with peer insider activity to gauge signalling impact.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Fidelity Brokerage Services LLC 245 Summer Street Boston MA 02110	66000	8538466.20	629990658	08/05/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	01/31/2025	Fund Distribution	Altos Ventures			66000	01/31/2025	n/a

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Anthony Patrick Lee 970 PARK PLACE SAN MATEO CA 94403	Common Stock	05/06/2025	57200	4004406.12
Anthony Patrick Lee 970 PARK PLACE SAN MATEO CA 94403	Common Stock	05/12/2025	12800	940328.96
Anthony Patrick Lee 970 PARK PLACE SAN MATEO CA 94403	Common Stock	05/13/2025	13200	1009349.88
Anthony Patrick Lee 970 PARK PLACE, SAN MATEO CA 94403	Common Stock	05/14/2025	13600	1080571.68
Anthony Patrick Lee 970 PARK PLACE San MAteo CA 94403	Common Stock	05/21/2025	14000	1154354.60
Anthony Patrick Lee 970 PARK PLACE San MAteo CA 94403	Common Stock	06/02/2025	66000	5803927.80
Anthony Patrick Lee 970 PARK PLACE, San MAteo CA 94403	Common Stock	07/01/2025	66000	6856786.20

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many Roblox (RBLX) shares are being registered for sale in this Form 144?

Up to 66,000 common shares are proposed for sale.

What is the estimated market value of the shares to be sold?

Approximately $8.54 million based on the price used in the filing.

When is the planned sale date for these RBLX shares?

Around 08-05-2025 according to the notice.

How many shares has the same seller disposed of in the last three months?

A total of 242,800 shares for gross proceeds of roughly $20.85 million.

Which broker will handle the transaction?

Fidelity Brokerage Services LLC, Boston, MA.

On which exchange will the shares be sold?

The New York Stock Exchange (NYSE).