Tax-driven Roblox (NYSE: RBLX) insider share sale totals 18,653
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Roblox Corp Chief Legal Officer Mark Reinstra sold 18,653 shares of Class A Common Stock in a tax-related transaction. The shares were sold in the open market on April 13, 2026 at average prices around the high-$50 range to cover statutory tax withholding tied to the vesting of the final tranche of performance stock units granted on April 13, 2023. This sell-to-cover was mandated by Roblox’s equity incentive plan and was not a discretionary sale. Following these sales, Reinstra holds 455,473 shares directly and also reports additional indirect holdings through several trusts.
Positive
- None.
Negative
- None.
Insights
Roblox’s legal chief executed a mandated tax sell-to-cover, retaining a large equity stake.
The filing shows Mark Reinstra, Chief Legal Officer, sold 18,653 Roblox Class A shares on April 13, 2026. Footnotes explain this was a sell-to-cover transaction required to fund statutory tax withholding on vesting performance stock units granted on April 13, 2023, not a discretionary portfolio move.
The reported average sale prices ranged from $57.43 to $58.42 per share, with specific lines at $57.94 and $58.47. After the sale, Reinstra still directly owns 455,473 shares and has additional indirect holdings via multiple trusts, indicating a substantial remaining exposure to Roblox equity.
Because this is a plan-mandated tax transaction rather than an elective open-market sale, its informational value for assessing insider sentiment is limited. Future company filings may provide more context on ongoing equity awards, vesting schedules and any discretionary trading by senior executives.
Insider Trade Summary
Net Seller: 18,653 shares ($1,080,808)
Net Sell
7 txns
Insider
Reinstra Mark
Role
Chief Legal Off. & Corp. Sec.
Sold
18,653 shs ($1.08M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 18,553 | $57.94 | $1.07M |
| Sale | Class A Common Stock | 100 | $58.47 | $6K |
| 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:
Class A Common Stock — 455,573 shares (Direct);
Class A Common Stock — 120,272 shares (Indirect, See footnote)
Footnotes (1)
- Represents the number of shares sold to cover the statutory tax withholding obligations in connection with the vesting of the final tranche of performance stock units ("PSUs") granted on April 13, 2023. This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of statutory tax withholding obligations to be funded by a "sell-to-cover" transaction and does not represent a discretionary sale by the Reporting Person. The price reported in column 4 is an average price. These shares were sold in multiple transactions at prices ranging from $57.43 to $58.42, 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. 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. 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.
Key Figures
Shares sold: 18,653 shares
Sale price (block 1): $57.94 per share
Sale price (block 2): $58.47 per share
+5 more
8 metrics
Shares sold
18,653 shares
Open-market sales on April 13, 2026
Sale price (block 1)
$57.94 per share
18,553-share sale of Class A Common Stock
Sale price (block 2)
$58.47 per share
100-share sale of Class A Common Stock
Price range
$57.43–$58.42
Multiple trades within this range per footnote
Direct holdings after sale
455,473 shares
Class A Common Stock held directly post-transaction
San Domenico Trust holding
120,272 shares
Indirect holding where Reinstra is trustee
Annuity trust holding
33,538 shares
Indirect holdings in each of two annuity trusts
Additional annuity trust holding
16,653 shares
Indirect holdings in each of two annuity trusts
Key Terms
sell-to-cover, performance stock units, Restricted Stock Units ("RSUs"), statutory tax withholding obligations, +2 more
6 terms
sell-to-cover financial
"require the satisfaction of statutory tax withholding obligations to be funded by a "sell-to-cover" transaction"
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.
performance stock units financial
"vesting of the final tranche of performance stock units ("PSUs") granted on April 13, 2023"
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
Restricted Stock Units ("RSUs") financial
"A portion of these securities are Restricted Stock Units ("RSUs"). Each RSU represents a contingent right"
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.
statutory tax withholding obligations financial
"sold to cover the statutory tax withholding obligations in connection with the vesting"
beneficial ownership financial
"The Reporting Person may be deemed to have beneficial ownership over the securities held by the trust"
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.
equity incentive plans financial
"mandated by the Issuer's election under its equity incentive plans to require the satisfaction"
Equity incentive plans are company programs that pay employees, executives, or directors with company stock, stock options, or share units instead of or in addition to cash, aiming to align their interests with shareholders—like giving team members a stake in the house they help build. For investors this matters because such plans can motivate better company performance but also dilute existing ownership and increase reported compensation costs, so they affect future earnings, voting power, and share value.
FAQ
What did Roblox (RBLX) insider Mark Reinstra do in this Form 4 filing?
Mark Reinstra, Roblox’s Chief Legal Officer, reported selling 18,653 Class A shares. The sale funded statutory tax withholding tied to vesting performance stock units, under a mandated sell-to-cover election in the company’s equity plans, rather than a discretionary stock sale.
What equity awards are referenced in Mark Reinstra’s Roblox (RBLX) Form 4?
The filing references performance stock units and restricted stock units. A footnote notes that some reported securities are RSUs, with each RSU representing a contingent right to receive one Roblox Class A share, highlighting ongoing equity-based compensation for the executive.