Roblox (NYSE: RBLX) director-linked trusts sell shares via plan trades

Rhea-AI Filing Summary

Roblox Corp director Anthony P. Lee reported indirect sales of Class A common stock held in family-related entities. On January 13, 2026, a Rule 10b5-1 trading plan adopted on November 15, 2024 triggered three sales at $82.45 per share, including 6,020 shares held by Fallen Leaf Revocable Trust and two separate blocks of 490 shares each held in trusts for his son and daughter. After these transactions, Fallen Leaf Revocable Trust held 6,257,311 shares, each child’s trust held 256,768 shares, and Fallen Leaf LLC – Sub Fund No. 1 held 870,351 shares, all reported as indirect ownership. Lee disclaims beneficial ownership in certain entities except to the extent of his pecuniary interest.

Insights

Insider trading and governance analyst

Pre-planned sales from trusts linked to a Roblox director look routine.

The filing shows Anthony P. Lee, a director of Roblox Corp, reporting indirect sales of Class A common stock on January 13, 2026. The transactions were executed at $82.45 per share under a Rule 10b5-1 trading plan adopted on November 15, 2024, indicating they were pre-scheduled rather than discretionary trades.

The shares involved are held by family-related entities: Fallen Leaf Revocable Trust, separate trusts for his son and daughter, and Fallen Leaf LLC – Sub Fund No. 1. The filing notes that Lee serves as trustee or managing member and disclaims beneficial ownership in certain entities except to the extent of his pecuniary interest. This structure is common for estate and wealth planning and does not by itself signal a change in his role at the company.

From an investor perspective, these look like routine, pre-planned insider sales and updated indirect holdings, rather than an event that would typically alter an investment thesis. The key reference points are the Rule 10b5-1 plan date of November 15, 2024 and the reported post-transaction holdings across the trusts and LLC.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Lee Anthony P

(Last) (First) (Middle)

C/O ROBLOX CORPORATION

3150 SOUTH DELAWARE STREET

(Street)

SAN MATEO CA 94403

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Roblox Corp [ RBLX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/13/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	01/13/2026		S(1)		6,020	D	$82.45	6,257,311	I	See footnote(2)
Class A Common Stock	01/13/2026		S(1)		490	D	$82.45	256,768	I	See footnote(3)
Class A Common Stock	01/13/2026		S(1)		490	D	$82.45	256,768	I	See footnote(4)
Class A Common Stock								870,351	I	See footnote(5)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 15, 2024.

2. These shares are held directly by Fallen Leaf Revocable Trust for which the reporting person serves as trustee. The reporting person disclaims beneficial ownership of the shares except to the extent if his pecuniary interest therein.

3. These shares are held directly by a trust for the son of the reporting person, for which the reporting person serves as co-trustee.

4. These shares are held directly by a trust for the daughter of the reporting person, for which the reporting person serves as co-trustee.

5. These 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 the shares except to the extent of his pecuniary interest therein.

	/s/ Anthony P. Lee	01/14/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did Roblox (RBLX) report for Anthony P. Lee?

The filing reports three indirect sales of Roblox Class A common stock on January 13, 2026: 6,020 shares held by Fallen Leaf Revocable Trust and two blocks of 490 shares each held in separate trusts for his son and daughter, all at $82.45 per share.

Were the Roblox (RBLX) insider sales by Anthony P. Lee pre-planned under Rule 10b5-1?

Yes. The filing states that the sale reported was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 15, 2024, indicating the trades were pre-arranged.

Which entities actually sold the Roblox (RBLX) shares in this Form 4?

The shares were held by Fallen Leaf Revocable Trust and by separate trusts for the son and daughter of the reporting person. The filing notes that Lee serves as trustee or co-trustee for these trusts.

How many Roblox (RBLX) shares do the reported trusts hold after the transactions?

After the reported sales, Fallen Leaf Revocable Trust held 6,257,311 shares of Class A common stock, and each of the trusts for the reporting person's son and daughter held 256,768 shares.

What is Fallen Leaf LLC – Sub Fund No. 1’s Roblox (RBLX) position in this filing?

The filing reports that Fallen Leaf LLC – Sub Fund No. 1 held 870,351 shares of Roblox Class A common stock as an indirect ownership position, with the reporting person serving as managing member and disclaiming beneficial ownership except to the extent of his pecuniary interest.

Does Anthony P. Lee personally own the Roblox (RBLX) shares reported in this Form 4?

The filing indicates that the reported shares are held by trusts and an LLC for which Lee serves as trustee, co-trustee, or managing member. It states that he disclaims beneficial ownership of certain shares except to the extent of his pecuniary interest.