Roblox corp chief legal officer sells $250,421 in stock

Chief Legal Officer and Corporate Secretary of Roblox Corp, Mark Reinstra, sold Class A Common Stock worth $250,421 on October 5, 2026. This transaction, facilitated through a pre-existing Rule 10b5-1 trading plan adopted on February 19, 2026, saw Reinstra dispose of 5,666 shares of the company's Class A Common Stock. Sold at prices fluctuating between $43.8773 and $44.5573, the sale comprised 3,000 shares at an average price of $43.8773 and 2,666 shares at an average price of $44.5573.

Post-sale, Reinstra retains 386,625 shares of Class A Common Stock, part of which are Restricted Stock Units. Despite the sale, Roblox Corp's stock has risen by 9% over the past week, although it remains down 62% over the past year. Although InvestorsPro analysis suggests the stock trades below its Fair Value, indicating potential upside, Jefferies recently downgraded Roblox Corp. to Underperform from Hold, citing concerns over the 12-month bookings trajectory.