Funds and trusts tied to Roblox director Anthony P. Lee sold 66,150 shares worth $4.63 million on May 6, 2025
Altos funds and trusts linked to Roblox director Anthony P. Lee sold 66,150 shares for $4.63 million on May 6, 2025, a Form 4 (the form an insider files when trading the company's shares) shows. The form lists the shares as held indirectly, through Altos Roblox SPV 1, LLC and Altos Roblox SPV 2020, LLC, through Fallen Leaf Revocable Trust (Lee is trustee) and through trusts for his son and daughter (Lee is co-trustee), footnotes say. A footnote on the trusts' sales says they were made under a Rule 10b5-1 plan, a pre-arranged trading plan, that Lee adopted on Nov 15, 2024. The form, filed May 8, 2025 on SEC EDGAR, also lists 10 lines for other acquisitions or dispositions, such as an Altos fund's in-kind distribution of shares to its partners.1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17
How each figure was checked
- the reporting owner, as the form is signedAnthony P. Lee
- the reporting owner's role at Robloxdirector
- shares sold, the whole of the sale side66,150
- value of the sales$4.63 million
- date of the first sale lineMay 6, 2025
- date of the last sale lineMay 6, 2025
- footnote F4: the reporting person and the Altos Fundsthe reporting person is one of the managing members of the general partners and managers of the Altos FundsSEC EDGAR, footnotes of the Form 4 filed May 8, 2025 ↗
- footnote F21: holder of lines 11 to 14held by Fallen Leaf Revocable Trust, trustee the reporting personSEC EDGAR, footnotes of the Form 4 filed May 8, 2025 ↗
- footnote F28: holder of lines 16 to 18held by a trust for the reporting person's son, co-trustee the reporting personSEC EDGAR, footnotes of the Form 4 filed May 8, 2025 ↗
- footnote F29: holder of lines 19 to 21held by a trust for the reporting person's daughter, co-trustee the reporting personSEC EDGAR, footnotes of the Form 4 filed May 8, 2025 ↗
- how the shares sold were held2 sale lines held indirectly (See footnotes); 9 sale lines held indirectly (See footnote)
- footnote F10: holder of lines 4 and 51SEC EDGAR, footnotes of the Form 4 filed May 8, 2025 ↗
- footnote F15: holder of lines 7 and 82020SEC EDGAR, footnotes of the Form 4 filed May 8, 2025 ↗
- footnote F22 (lines 12 to 14 and 16 to 21, the trusts' sales): Rule 10b5-1 planNovember 15, 2024SEC EDGAR, footnotes of the Form 4 filed May 8, 2025 ↗
- the day the form was filedMay 8, 2025
- lines of the form that are not open-market tradesThe form also lists 10 lines for other acquisition or disposition.
- footnote F1 (line 1): distribution of shares by an Altos fund to its partnersin kind distribution to partnersSEC EDGAR, footnotes of the Form 4 filed May 8, 2025 ↗
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The record
- Issuer
- Roblox (CIK 1315098, filed as Roblox Corp)
- Form
- 4
- Accession
- 0001104659-25-046322
- Filed
- May 8, 2025
- Period of report
- May 6, 2025
- Reporting owner
- Anthony P. Lee (CIK 1834988, filed as Lee Anthony P)
- Relationship
- director
- Rule 10b5-1 checkbox
- Ticked
- Line 1
- J (other acquisition or disposition) · 1,080,617 Class A Common Stock at $0.00 · May 6, 2025 · disposed, indirectly, See footnotes · 0 held after · footnotes F1, F2, F3 and F4
- Line 2
- J (other acquisition or disposition) · 1,948,958 Class A Common Stock at $0.00 · May 6, 2025 · disposed, indirectly, See footnotes · 0 held after · footnotes F3, F4, F5 and F6
- Line 3
- J (other acquisition or disposition) · 42,273 Class A Common Stock at $0.00 · May 6, 2025 · disposed, indirectly, See footnotes · 0 held after · footnotes F3, F4, F7 and F8
- Line 4
- J (other acquisition or disposition) · 774,327 Class A Common Stock at $0.00 · May 6, 2025 · disposed, indirectly, See footnotes · 4,300 held after · footnotes F3, F4, F9 and F10
- Line 5
- S (sale) · 4,300 Class A Common Stock at $70.0065 · May 6, 2025 · disposed, indirectly, See footnotes · 0 held after · footnotes F3, F4, F10 and F11
- Line 6
- J (other acquisition or disposition) · 181,520 Class A Common Stock at $0.00 · May 6, 2025 · disposed, indirectly, See footnotes · 0 held after · footnotes F3, F4, F12 and F13
- Line 7
- J (other acquisition or disposition) · 899,145 Class A Common Stock at $0.00 · May 6, 2025 · disposed, indirectly, See footnotes · 4,650 held after · footnotes F3, F4, F14 and F15
- Line 8
- S (sale) · 4,650 Class A Common Stock at $70.0065 · May 6, 2025 · disposed, indirectly, See footnotes · 0 held after · footnotes F3, F4, F11 and F15
- Line 9
- J (other acquisition or disposition) · 24,090 Class A Common Stock at $0.00 · May 6, 2025 · disposed, indirectly, See footnotes · 0 held after · footnotes F3, F4, F16 and F17
- Line 10
- J (other acquisition or disposition) · 38,254 Class A Common Stock at $0.00 · May 6, 2025 · acquired, indirectly, See footnote · 38,254 held after · footnotes F18 and F19
- Line 11
- J (other acquisition or disposition) · 399,889 Class A Common Stock at $0.00 · May 6, 2025 · acquired, indirectly, See footnote · 6,989,646 held after · footnotes F20 and F21
- Line 12
- S (sale) · 31,086 Class A Common Stock at $69.668 · May 6, 2025 · disposed, indirectly, See footnote · 6,958,560 held after · footnotes F21, F22 and F23
- Line 13
- S (sale) · 20,710 Class A Common Stock at $70.4936 · May 6, 2025 · disposed, indirectly, See footnote · 6,937,850 held after · footnotes F21, F22 and F24
- Line 14
- S (sale) · 364 Class A Common Stock at $71.0731 · May 6, 2025 · disposed, indirectly, See footnote · 6,937,486 held after · footnotes F21, F22 and F25
- Line 15
- J (other acquisition or disposition) · 48,775 Class A Common Stock at $0.00 · May 6, 2025 · acquired, indirectly, See footnote · 870,351 held after · footnotes F26 and F27
- Line 16
- S (sale) · 1,431 Class A Common Stock at $69.6643 · May 6, 2025 · disposed, indirectly, See footnote · 298,569 held after · footnotes F22, F23 and F28
- Line 17
- S (sale) · 1,069 Class A Common Stock at $70.5009 · May 6, 2025 · disposed, indirectly, See footnote · 297,500 held after · footnotes F22, F24 and F28
- Line 18
- S (sale) · 20 Class A Common Stock at $71.0731 · May 6, 2025 · disposed, indirectly, See footnote · 297,480 held after · footnotes F22, F25 and F28
- Line 19
- S (sale) · 1,494 Class A Common Stock at $69.6774 · May 6, 2025 · disposed, indirectly, See footnote · 298,506 held after · footnotes F22, F23 and F29
- Line 20
- S (sale) · 1,010 Class A Common Stock at $70.4969 · May 6, 2025 · disposed, indirectly, See footnote · 297,496 held after · footnotes F22, F24 and F29
- Line 21
- S (sale) · 16 Class A Common Stock at $71.0731 · May 6, 2025 · disposed, indirectly, See footnote · 297,480 held after · footnotes F22, F25 and F29
- Footnote F1
- Represents a pro-rata in kind distribution of shares of the Issuer's Class A Common Stock by Altos Ventures IV, L.P. to its partners.
- Footnote F2
- These shares are held directly by Altos Ventures IV, L.P.
- Footnote F3
- The general partner of Altos Hybrid 2, L.P. is Altos Hybrid 2 GP, LLC; the general partner of Altos Hybrid 4, L.P. is Altos Hybrid 4 GP, LLC; the general partner of Altos Ventures IV, L.P. is Altos Management Partners IV, LLC; the general partner of Altos Ventures IV Liquidity Fund, L.P. and Altos Ventures IV Reserve Fund, L.P. is Altos IV LR GP, LLC; the general partner of Altos Roblox SPV 1, LLC and Altos Roblox SPV 2, LLC is Altos Roblox Management Partners, LLC; and the general partner of Altos Roblox SPV 2020, LLC is Altos Roblox 2020 Management Partners, LLC (collectively, the General Partners).
- Footnote F4
- The reporting person is one of managing members of the general partners and managers of the respective entities that hold shares reported herein (the Altos Funds). The reporting person disclaims beneficial ownership of the shares held by the Altos Funds 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 the Altos Funds for Section 16 or any other purpose.
- Footnote F5
- Represents a pro-rata in kind distribution of shares of the Issuer's Class A Common Stock by Altos Ventures IV Liquidity Fund, L.P. to its partners.
- Footnote F6
- These shares are held directly by Altos Ventures IV Liquidity Fund, L.P.
- Footnote F7
- Represents a pro-rata in kind distribution of shares of the Issuer's Class A Common Stock by Altos Ventures IV Reserve Fund, L.P. to its partners.
- Footnote F8
- These shares are held directly by Altos Ventures IV Reserve Fund, L.P.
- Footnote F9
- Represents a pro-rata in kind distribution of shares of the Issuer's Class A Common Stock by Altos Roblox SPV 1, LLC to its partners.
- Footnote F10
- These shares are held directly by Altos Roblox SPV 1, LLC.
- Footnote F11
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $69.95 to $70.084, 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 (11), (23), (24) and (25) to this Form 4.
- Footnote F12
- Represents a pro-rata in kind distribution of shares of the Issuer's Class A Common Stock by Altos Roblox SPV 2, LLC to its partners.
- Footnote F13
- These shares are held directly by Altos Roblox SPV 2, LLC.
- Footnote F14
- Represents a pro-rata in kind distribution of shares of the Issuer's Class A Common Stock by Altos Roblox SPV 2020, LLC to its partners.
- Footnote F15
- These shares are held directly by Altos Roblox SPV 2020, LLC.
- Footnote F16
- Represents a pro-rata in kind distribution of shares of the Issuer's Class A Common Stock by Altos Hybrid 2, L.P.
- Footnote F17
- These shares are held directly by Altos Hybrid 2, L.P.
- Footnote F18
- Represents shares of the Issuer's Class A Common Stock received by Altos Ventures Management Inc. (AVMI) in pro-rata in kind sub-distributions from Altos Roblox SPV 1, LLC and Altos Roblox SPV 2020, LLC.
- Footnote F19
- These shares are held directly by AVMI. The members of the Board of Directors of AVMI are Anthony P. Lee, Hodong Nam and Han Kim, who exercise voting and investment control over the shares. Each member of the Board of Directors disclaims beneficial ownership of the shares except to the extent of pecuniary interest therein.
- Footnote F20
- Represents shares of the Issuer's Class A Common Stock received by the reporting person in the various pro-rata in kind distributions from Altos Ventures IV, LP, Altos Ventures IV Liquidity Fund, L.P., Altos Ventures IV Reserve Fund, L.P., Altos Roblox SPV 1, LLC, Altos Roblox SPV 2, LLC and Altos Hybrid 2, L.P.
- Footnote F21
- 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 of his pecuniary interest therein.
- Footnote F22
- 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.
- Footnote F23
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $69.065 to $70.06, inclusive.
- Footnote F24
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $70.065 to $71.05, inclusive.
- Footnote F25
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $71.065 to $71.09, inclusive.
- Footnote F26
- Represents shares of the Issuer's Class A Common Stock received by the reporting person in a pro-rata in kind distributions from Altos Roblox SPV 2020, LLC.
- Footnote F27
- 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.
- Footnote F28
- These shares are held directly by a trust for the son of the reporting person, for which the reporting person serves as co-trustee.
- Footnote F29
- These shares are held directly by a trust for the daughter of the reporting person, for which the reporting person serves as co-trustee.
- Footnote F30
- These shares are held directly by Altos Hybrid 4, L.P.
Insider purchases and sales of Roblox shares, 12 months
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