Roblox Insider Anthony P. Lee Discloses $6.9M Share Sale, Still Holds Major Position

Rhea-AI Filing Summary

Roblox Corporation (RBLX) – Form 4 insider transaction

Director Anthony P. Lee reported the sale of a total of 66,000 Class A common shares on 1 Jul 2025 through several trusts and entities he controls. The shares were disposed of under a pre-arranged Rule 10b5-1 trading plan adopted 15 Nov 2024. Weighted-average sale prices ranged from $103.60 to $105.12 per share.

Post-transaction, Lee and his affiliated entities continue to hold approximately:

• 6.73 million shares via Fallen Leaf Revocable Trust
• 0.28 million shares in a trust for his son
• 0.28 million shares in a trust for his daughter
• 0.87 million shares via Fallen Leaf LLC – Sub Fund No. 1
• 0.11 million shares via Altos Hybrid 4, L.P.

Total indirect beneficial ownership remains above 8.2 million shares, meaning the sale represents <1 % of his reported holdings and an even smaller fraction of Roblox’s total share count. No derivative securities were involved, and there were no purchases or option exercises reported.

The filing is routine and does not disclose any company-specific operational or financial developments. Insider disposition may attract attention, but the modest size and 10b5-1 plan lessen interpretative significance.

Positive

• Sale executed under a pre-established Rule 10b5-1 plan, limiting concerns over opportunistic trading.
• Director retains a large >8 million-share position, indicating continued long-term alignment with shareholders.

Negative

• Insider selling of 66,000 shares may be perceived negatively by some investors despite limited size.

Insights

Financial Analyst

TL;DR – Routine 66k-share insider sale (<1 % of holdings); negligible impact on fundamentals.

The transaction equates to roughly US$6.9 million in proceeds at an average ~US$104/share. Relative to Roblox’s 600-plus million shares outstanding and Lee’s >8 million-share stake, the disposal is immaterial. Execution under a 10b5-1 plan further suggests no directional signal on near-term performance. I view the filing as neutral for valuation or momentum analysis.

Corporate Governance Expert

TL;DR – Properly disclosed, plan-based sale; governance posture intact.

The director followed SEC Rule 10b5-1 best practices and provided granular footnote detail on trust structures, demonstrating transparency. Beneficial ownership reconciliation corrects a prior one-share administrative error, indicating attention to accuracy. No red flags emerge regarding control or undisclosed pledging. Impact on shareholder governance considerations is neutral.

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)
07/01/2025

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	07/01/2025		S(1)		37,466	D	$103.6018(2)	6,747,165(3)	I	See footnote(4)
Class A Common Stock	07/01/2025		S(1)		17,315	D	$104.3746(5)	6,729,850	I	See footnote(4)
Class A Common Stock	07/01/2025		S(1)		1,979	D	$105.1202(6)	6,727,871	I	See Footnotes(4)
Class A Common Stock	07/01/2025		S(1)		3,051	D	$103.6016(2)	286,057	I	See footnote(7)
Class A Common Stock	07/01/2025		S(1)		1,407	D	$104.3766(5)	284,650	I	See footnote(7)
Class A Common Stock	07/01/2025		S(1)		162	D	$105.1208(6)	284,488	I	See Footnotes(7)
Class A Common Stock	07/01/2025		S(1)		3,046	D	$103.6025(2)	286,062	I	See footnote(8)
Class A Common Stock	07/01/2025		S(1)		1,411	D	$104.3759(5)	284,651	I	See footnote(8)
Class A Common Stock	07/01/2025		S(1)		163	D	$105.1198(6)	284,488	I	See footnote(8)
Class A Common Stock								870,351	I	See footnote(9)
Class A Common Stock								111,112	I	See footnote(10)

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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $103.04 to $104.03, inclusive. The reporting person undertakes to provide to 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 ranges set forth in footnotes (2), (5) and (6) to this Form 4.

3. Due to an administrative error, the amount of shares beneficially owned includes one share that was previously excluded from the Form 4 filed on May 9, 2025.

4. 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.

5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $104.03 to $105.02, inclusive.

6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $105.03 to $105.27, inclusive.

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

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

9. 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.

10. These shares are held directly by Altos Hybrid 4, L.P. (Altos Hybrid 4). The reporting person is a managing member of Altos Hybrid 4 GP, LLC, the general partner of Altos Hybrid 4. The reporting person disclaims beneficial ownership of the shares held by Altos Hybrid 4 except to the extent of his pecuniary interest therein, if any. This report shall not be deemed an admission that the reporting person is the beneficial owner of any of the shares held by Altos Hybrid 4 for Section 16 or any other purpose.

	/s/ Anthony P. Lee	07/02/2025
	** 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

How many Roblox (RBLX) shares did Director Anthony P. Lee sell?

He disposed of 66,000 Class A common shares on 1 Jul 2025 across multiple trusts.

What was the average price of the insider sales reported?

Weighted-average prices ranged from $103.60 to $105.12 per share.

Does Anthony P. Lee still hold a significant stake in Roblox after the sale?

Yes. He and affiliated entities still own about 8.2 million shares indirectly.

Was the transaction conducted under a Rule 10b5-1 plan?

Yes. The Form 4 states the sales were effected under a 10b5-1 plan adopted 15 Nov 2024.

Are any derivative securities involved in this Form 4 filing?

No derivative securities were acquired or disposed of; only non-derivative common shares were reported.