Roblox (RBLX) legal chief awarded performance units and stock grants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Roblox Corp chief legal officer and corporate secretary Mark Reinstra reported new equity awards. On March 1, 2026 he received a grant of 104,236 performance stock units, each representing a contingent right to one share of Class A common stock, with vesting tied to multi‑year Bookings, Covenant Adjusted EBITDA margin, and relative total shareholder return targets for periods beginning January 1, 2026 and ending December 31, 2027.
He also acquired 96,790 shares of Class A common stock as a grant, including restricted stock units that vest over time, with 1/12th vesting on May 20, 2026 and the remainder vesting quarterly thereafter while he continues as a service provider. Additional Class A shares are held indirectly in several trusts, including the San Domenico Trust and multiple Mark L. and Susan P. Reinstra annuity trusts, for which he or his spouse serves as trustee and may be deemed to have beneficial ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
Reinstra Mark
Role
Chief Legal Off. & Corp. Sec.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Stock Unit | 104,236 | $0.00 | -- |
| Grant/Award | Class A Common Stock | 96,790 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Performance Stock Unit — 104,236 shares (Direct);
Class A Common Stock — 474,126 shares (Direct);
Class A Common Stock — 120,272 shares (Indirect, See footnote)
Footnotes (1)
- These securities are Restricted Stock Units ("RSUs"). Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock. 1/12th of the RSUs shall vest on May 20, 2026 and 1/12th of the RSUs shall vest quarterly thereafter, subject to the Reporting Person continuing as a service provider through each such date. A portion of these securities are RSUs. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock. Includes 200 shares acquired by the Reporting Person on February 25, 2026 pursuant to the Issuer's 2020 Employee Stock Purchase Plan. These shares are held directly by the San Domenico Trust dated August 12, 1999 for which the Reporting Person serves as trustee. The Reporting Person may be deemed to have beneficial ownership over the securities held by the trust. These shares are held directly by the Mark L. Reinstra 2023 Annuity Trust for which the Reporting Person serves as trustee. The Reporting Person may be deemed to have beneficial ownership of the securities held by the Annuity Trust. These shares are held directly by the Mark L. Reinstra 2022 Annuity Trust for which the Reporting Person serves as trustee. The Reporting Person may be deemed to have beneficial ownership of the securities held by the Annuity Trust. These shares are held directly by the Susan P. Reinstra 2023 Annuity Trust for which the Reporting Person serves as trustee. The spouse of the Reporting Person may be deemed to have beneficial ownership of the securities held by the Annuity Trust. These shares are held directly by the Susan P. Reinstra 2022 Annuity Trust for which the Reporting Person serves as trustee. The spouse of the Reporting Person may be deemed to have beneficial ownership of the securities held by the Annuity Trust. Each performance stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock. Represents that maximum number of shares of Class A Common Stock which may be issued under this award. The vesting of the performance stock units ("PSUs") is subject to satisfying performance-based requirements, including the achievement of certain Bookings and Covenant Adjusted EBITDA margin targets by the Issuer for two successive one-year periods beginning January 1, 2026 and a relative total shareholder return target by the Issuer during a two-year performance period from January 1, 2026 and December 31, 2027. Subject to continued service by the Reporting Person on the vesting date, 100% of the PSUs eligible to vest based on performance will vest following certification of performance results by our Leadership Development and Compensation Committee after the end of the two-year performance period on December 31, 2027.
FAQ
What equity awards did Roblox (RBLX) executive Mark Reinstra receive?
Mark Reinstra received a grant of 104,236 performance stock units and 96,790 shares of Class A common stock as equity awards. Each unit or RSU represents a contingent right to receive one Roblox Class A common share, subject to vesting conditions.
How do the new Roblox (RBLX) performance stock units for Mark Reinstra vest?
The performance stock units vest only if multi‑year goals are achieved. Vesting depends on Roblox meeting specific Bookings and Covenant Adjusted EBITDA margin targets for two successive one‑year periods and a relative total shareholder return target over a two‑year period starting January 1, 2026.
What are the vesting terms for Mark Reinstra’s RSUs at Roblox (RBLX)?
Reinstra’s restricted stock units vest gradually over time. 1/12th of the RSUs vest on May 20, 2026, with an additional 1/12th vesting quarterly thereafter, as long as he continues as a service provider through each vesting date.
Does Mark Reinstra’s Roblox (RBLX) Form 4 report any stock sales?
The Form 4 reports award and holding entries but no stock sales. The coded transactions are described as grants or other acquisitions, and the transaction summary shows acquisition activity without any reported sell transactions for the period.