On July 2, 2025, Anthony P. Lee, Director at Roblox (RBLX 5.81%), executed an open market sale of 66,000 shares for a total value of approximately $6.9 million.
Transaction summary
| Metric | Value |
|---|---|
| Shares Traded | 66,000 |
| Transaction Value | $6.9 million, representing the value of Lee Anthony P's sale of RBLX shares as filed on July 2, 2025 |
| Post-Transaction Shares | 284,488 |
| Post-Transaction Value | $29.5 million as of July 2, 2025 |
| Price vs. MA50 | 20.1% above its 50-day moving average |
| Price vs. MA200 | 63.5% above its 200-day moving average |
| YTD Performance | 167.8% for the 12 months ended July 7, 2025 |
Key questions
How does the trade size compare to the insider's historical pattern?
This transaction of 66,000 shares is above Anthony P. Lee's historical median trade size of 25,000 shares, reflecting a larger volume of sales for this insider in recent transactions.
What is the significance of the sale relative to current ownership?
After the sale, Anthony P. Lee retains 284,488 shares, valued at approximately $29.5 million, which represents an ownership stake of 0.042% as of July 7, 2025.
What was the market context at the time of the sale?
The transaction was executed at $103.89 per share, as reported in Form 4 filed on July 2, 2025, with the stock price at $103.59 as of July 7, 2025. The share price was trading 20.116% above its 50-day moving average and 63.49% above its 200-day moving average.
Does the transaction align with broader insider activity at the company?
This automatic, pre-planned transaction is similar to the monetization efforts by other Roblox insiders, such as CEO David Baszucki and Chief Safety Officer Matt Kaufman.
Company overview
| Metric | Value |
|---|---|
| Market capitalization | $72.83 billion |
| Trailing twelve-month revenue | $3.84 billion |
| Net income (TTM) | -$879.84 million |
| One-year price change | 167.8% |
Company snapshot
Offers an online entertainment platform featuring Roblox Studio for creators, Roblox Client for users, and supporting cloud infrastructure.
Serves a global user base by offering interactive 3D experiences and social gaming environments.
Roblox Corporation develops and operates an online entertainment platform that enables users and developers worldwide to create and experience 3D digital content.
Foolish take
There is nothing extraordinary about this particular transaction. It shows Mr. Lee cashing in some of his stock options in a methodic, pre-planned way. Lee's entire compensation for his role as a Roblox director is paid in the form of security expense reimbursements, as he waived all other forms of compensation in 2024.
That being said, Lee has a deep investment in Roblox stock. The 284,488 shares listed earlier don't include the 13.1 million shares he owns via a firm called Altos Ventures IV, LP, with several associated funds and trusts. This structure manages most of Lee's Roblox-based wealth, alongside specific portfolios for his wife and children.
In light of that massive Roblox portfolio, selling 66,000 shares per quarter is simply a reasonable way to convert some of that stock-based wealth into real money. It's an example of advanced financial planning.
In other words, Lee's Roblox sales have no bearing on how this director feels about the company's future prospects. If anything, you might assign some analytical value to the fact that the quarterly stock sales rose from 25,000 per quarter last year to 66,000 stubs per quarter in 2025.
Even then, it's a slow trickle of stock sales in the context of Lee's indirect Roblox holdings. And it certainly makes sense to take some profit when Roblox shares have more than tripled in price over the last three years.
Glossary
Open market sale: When an insider sells company shares on the public stock exchange, not through a private transaction.
Director: A member of a company's board responsible for overseeing management and major decisions.
Insider: An individual with access to non-public, material information about a company, such as executives or directors.
Form 4: A regulatory filing insiders must submit to report buying or selling company securities.
50-day moving average (MA50): The average closing price of a stock over the past 50 trading days, used to identify trends.
200-day moving average (MA200): The average closing price over the past 200 trading days, often used to assess long-term trends.
YTD Performance: Year-to-date performance; the percentage change in a stock's price since the beginning of the year.
Ownership stake: The proportion of a company's total shares owned by an individual or entity.
Market context: The overall conditions and trends in the stock market at the time of a transaction.
Trailing-twelve-month (TTM): Financial data covering the most recent 12 consecutive months, often used for performance analysis.
Median trade size: The middle value of an insider's historical trade sizes, used to compare current transactions.
Post-transaction shares: The number of shares an insider holds after completing a buy or sell transaction.