Roblox legal chief sells 60K company shares
Roblox Corp’s Chief Legal Officer and Corporate Secretary, Mark Reinstra, sold 60,000 shares of Roblox Class A common stock in an open-market transaction.
Rhea-AI Filing Summary
Roblox Corp’s Chief Legal Officer and Corporate Secretary, Mark Reinstra, sold 60,000 shares of Roblox Class A common stock in an open-market transaction. The sale occurred at an average price of $63.9414 per share, based on multiple trades between $63.77 and $64.23.
After the sale, Reinstra directly held 394,322 shares of Roblox Class A common stock. Footnotes explain that a portion of his securities are Restricted Stock Units, each representing a right to receive one Roblox Class A share, and that additional shares are held indirectly through several family and annuity trusts for which he or his spouse serves as trustee and may be deemed to beneficially own.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 60,000 shares
Net Sell
6 txns
Insider
Reinstra Mark
Role
Chief Legal Off. & Corp. Sec.
Sold
60,000 shs ($3.84M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 60,000 | $63.9414 | $3.84M |
| 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 — 394,322 shares (Direct);
Class A Common Stock — 204,001 shares (Indirect, See footnote);
Class A Common Stock — 16,653 shares (Indirect, See Footnotes)
Footnotes (7)
- F1. The price reported in column 4 is an average price. These shares were sold in multiple transactions at prices ranging from $63.77 to $64.23, 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.
- F2. 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.
- F3. 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.
- F4. 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.
- F5. 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.
- F6. 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.
- F7. 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.
FAQ
What insider transaction did Mark Reinstra report at Roblox (RBLX)?
Mark Reinstra reported selling 60,000 shares of Roblox Class A common stock in an open-market transaction. The average sale price was $63.9414 per share, with trades executed between $63.77 and $64.23 according to the filing’s footnote.
How do Restricted Stock Units (RSUs) factor into Mark Reinstra’s Roblox (RBLX) holdings?
The filing notes that a portion of Mark Reinstra’s securities are Restricted Stock Units (RSUs). Each RSU represents a contingent right to receive one share of Roblox Class A common stock, meaning future share delivery depends on meeting the RSU’s vesting and other applicable conditions.
What indirect Roblox (RBLX) holdings are disclosed for Mark Reinstra on this Form 4?
The Form 4 discloses indirect holdings in multiple trusts, including family and annuity trusts where Mark Reinstra or his spouse serves as trustee. The filing states he or his spouse may be deemed to have beneficial ownership of the securities held by these trusts, in addition to his direct holdings.
AI-generated analysis. How Rhea-AI works. Not financial advice.
