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Roblox | 3: Initial statement of beneficial ownership of securities-Officer Chakravarthy Arvind

SEC announcement ·  Mar 28 18:45
Summary by Moomoo AI
Arvind Chakravarthy, the Chief People & Systems Officer at Roblox Corporation, filed an Initial Statement of Beneficial Ownership of Securities with the SEC on March 28, 2024. The filing, required under Section 16(a) of the Securities Exchange Act of 1934, indicates that Chakravarthy beneficially owns 341,131 shares of Class A Common Stock directly. Additionally, the document details the vesting schedule of Restricted Stock Units (RSUs) and Performance Stock Units (PSUs) held by Chakravarthy. A total of 34,218 RSUs are set to vest on May 20, 2024, with the remaining 306,913 RSUs vesting quarterly thereafter, contingent upon continued service. The PSUs' vesting is tied to the achievement of specific performance targets related to cumulative Bookings and covenant adjusted EBITDA between January 1, 2024, and December 31, 2025. Subject to the certification of performance results and continued service, 67% of the eligible PSUs will vest shortly after December 31, 2025, with the remaining 33% vesting in quarterly installments throughout 2026 and early 2027.
Arvind Chakravarthy, the Chief People & Systems Officer at Roblox Corporation, filed an Initial Statement of Beneficial Ownership of Securities with the SEC on March 28, 2024. The filing, required under Section 16(a) of the Securities Exchange Act of 1934, indicates that Chakravarthy beneficially owns 341,131 shares of Class A Common Stock directly. Additionally, the document details the vesting schedule of Restricted Stock Units (RSUs) and Performance Stock Units (PSUs) held by Chakravarthy. A total of 34,218 RSUs are set to vest on May 20, 2024, with the remaining 306,913 RSUs vesting quarterly thereafter, contingent upon continued service. The PSUs' vesting is tied to the achievement of specific performance targets related to cumulative Bookings and covenant adjusted EBITDA between January 1, 2024, and December 31, 2025. Subject to the certification of performance results and continued service, 67% of the eligible PSUs will vest shortly after December 31, 2025, with the remaining 33% vesting in quarterly installments throughout 2026 and early 2027.
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