Roblox (NYSE: RBLX) insider sells 17,934 shares to cover taxes
Rhea-AI Filing Summary
Roblox Corp (RBLX) reported that Chief Legal Officer and Corporate Secretary Mark Reinstra disclosed two sales of Class A Common Stock on August 20, 2026 totaling 17,934 shares. Footnotes state these shares were sold in the open market under a mandatory sell-to-cover arrangement to satisfy statutory tax-withholding obligations arising from vesting of Restricted Stock Units and are not discretionary trades. The filing also notes indirect holdings of Roblox stock through several trusts for which Reinstra serves as trustee and may be deemed to have beneficial ownership.
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Insights
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Insider Trade Summary
Net Seller: 17,934 shares
Net Sell
7 txns
Insider
Reinstra Mark
Role
Chief Legal Off. & Corp. Sec.
Sold
17,934 shs ($681K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F1, F2, F3 | 13,020 | $37.7757 | $492K |
| Sale | Class A Common Stock F1, F4, F3 | 4,914 | $38.4508 | $189K |
| holding | Class A Common Stock F5 | -- | -- | -- |
| holding | Class A Common Stock F6 | -- | -- | -- |
| holding | Class A Common Stock F7 | -- | -- | -- |
| holding | Class A Common Stock F8 | -- | -- | -- |
| holding | Class A Common Stock F9 | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 398,064 shares (Direct);
Class A Common Stock — 220,654 shares (Indirect, See footnote)
Footnotes (9)
- F1. Represents the number of shares sold to cover statutory tax withholding obligations arising in connection with the vesting of certain Restricted Stock Units ("RSUs"). These shares were sold pursuant to a mandatory "sell-to-cover" arrangement under the Issuer's equity incentive plan to satisfy tax withholding obligations and do not represent a discretionary transaction by the Reporting Person.
- F2. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $37.26 to $38.22, inclusive. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F3. A portion of 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.
- F4. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $38.275 to $38.98, inclusive. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F5. 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.
- F6. 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.
- F7. 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.
- F8. 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.
- F9. 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.
Key Figures
Shares sold (first transaction): 13,020 shares
Shares sold (second transaction): 4,914 shares
Total shares sold: 17,934 shares
+3 more
6 metrics
Shares sold (first transaction)
13,020 shares
Class A Common Stock sold on August 20, 2026 at $37.7757 weighted average
Shares sold (second transaction)
4,914 shares
Class A Common Stock sold on August 20, 2026 at $38.4508 weighted average
Total shares sold
17,934 shares
Aggregate of two reported sales on August 20, 2026
Price range first sale
$37.26–$38.22 per share
Multiple transactions within this range for the 13,020-share sale
Price range second sale
$38.275–$38.98 per share
Multiple transactions within this range for the 4,914-share sale
Holding entries
5
Indirect holdings reported via various trusts
Key Terms
sell-to-cover, Restricted Stock Units ("RSUs"), weighted average price, beneficial ownership
4 terms
sell-to-cover financial
"shares were sold pursuant to a mandatory "sell-to-cover" arrangement"
Sell-to-cover is when part of newly issued or exercised company stock is immediately sold to pay required taxes and fees, so the recipient keeps the remaining shares. For investors this matters because it reduces the number of shares insiders or employees actually hold after a grant, can create small, routine share sales that aren’t signal of cashing out, and slightly increases share supply on the market—like selling a portion of a paycheck to cover the tax bill.
Restricted Stock Units ("RSUs") financial
"arising in connection with the vesting of certain Restricted Stock Units ("RSUs")"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
weighted average price financial
"The price reported in column 4 is a weighted average price"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
beneficial ownership financial
"The Reporting Person may be deemed to have beneficial ownership over the securities"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
What insider transaction did Roblox Corp (RBLX) report for Mark Reinstra?
Roblox reported that Mark Reinstra disclosed the sale of 17,934 shares of Class A Common Stock on August 20, 2026, executed as two open-market transactions tied to tax withholding on vesting Restricted Stock Units.
Were Mark Reinstra’s RBLX stock sales discretionary trades?
No. Footnotes state the 17,934 shares were sold under a mandatory sell-to-cover arrangement to satisfy statutory tax-withholding obligations from RSU vesting and "do not represent a discretionary transaction" by Mark Reinstra.
AI-generated analysis. How Rhea-AI works. Not financial advice.
