Mark Reinstra, Chief Legal Officer and Corporate Secretary at Roblox Corp (NYSE:RBLX), sold a total of 22,735 shares of Class A Common Stock for approximately $1.03 million on May 20 and May 21, 2026.
The shares were sold at prices ranging from $44.4758 to $46.4564. Roblox stock currently trades at $48.16, up 12.39% over the past week.
On May 20, Reinstra sold 17,275 shares to cover tax withholding obligations from vesting RSUs and PSUs. On May 21, he sold 5,460 shares under a Rule 10b5-1 trading plan adopted on February 19, 2026.
Following these transactions, Reinstra directly holds 432,738 shares and indirectly holds 220,654 shares through various trusts.
Roblox has a market cap of $34.47 billion and posted 38% revenue growth over the last twelve months. According to Bond.az analysis, the stock appears undervalued with the company holding more cash than debt.
In recent news, Roblox's board authorized a $3 billion share repurchase program. Needham maintains a Buy rating with a $60 price target for Roblox.
