Mark Reinstra, who serves as Chief Legal Officer and Corporate Secretary at Roblox Corp, executed a sale of 60,000 shares of Class A common stock on February 13, 2026, according to a Form 4 filing submitted to the Securities and Exchange Commission.
The shares were sold at an average price of $63.9414, producing a total transaction value of $3,836,484. Reported execution prices for the blocks ranged between $63.77 and $64.23.
After completing the disposition, the filing states that Reinstra directly holds 394,322 shares of Roblox.
The Form 4 also details Reinstra's indirect holdings through a set of trusts. Those indirect positions include 120,272 shares held via the San Domenico Trust; 33,538 shares in the Mark L. Reinstra 2023 Annuity Trust; 16,653 shares in the Mark L. Reinstra 2022 Annuity Trust; 33,538 shares in the Susan P. Reinstra 2023 Annuity Trust; and 16,653 shares in the Susan P. Reinstra 2022 Annuity Trust.
This insider sale follows the company’s disclosure of stronger-than-expected fourth-quarter results for 2025. The company’s Q4 performance was attributed in the filing to viral creator-led content that lifted bookings, profitability, and cash flow.
Analysts have reacted to the results with differing stances. Piper Sandler highlighted a 63% year-over-year increase in bookings for the quarter, noting that the figure exceeded their expectations by 8%, though the firm lowered its price target to $100 from $125. Roth/MKM moved to an upgraded rating of Buy and raised its price target to $84, citing an optimistic view of 2026 bookings and a projected compound annual growth rate that exceeds 20% in the coming years.
Not all commentary was favorable. TD Cowen retained a Sell rating, pointing to concerns about engagement trends even as Q4 bookings matched the firm's estimates. BMO Capital reiterated an Outperform rating and flagged the rapid adoption of a new game, "Survive LAVA for Brainrots!", which has reached 60 million lifetime visits. Benchmark kept its Hold rating, describing a nuanced outlook for 2026 despite the strong finish to 2025.
Taken together, the Form 4 disclosure and the analyst notes underline divergent views among market participants about Roblox’s near-term engagement dynamics and longer-term growth trajectory. The insider transaction and the mix of analyst reactions offer additional data points for investors assessing the company's position following a notably active quarter.