Roblox Corporation 2021 Annual Report and 2022 Proxy Statement

Roblox Corporation

2021 Annual Report

and 2022 Proxy Statement

Thursday, May 26, 2022

8:00 AM (Pacific Time)

Roblox’s mission is to connect

one billion people with

optimism and civility and

support a safe and diverse

community—one that inspires

and fosters creativity and

positive relationships among

people around the world.

We are reimagining the way people come together to connect,

create and express themselves through shared immersive,

interactive experiences.

2021 Performance Highlights

FINANCIALS

$1.9B

REVENUE

$2.7B

BOOKINGS

$491.7M

NET LOSS

$659.1M

OPERATING CASH FLOW

OPERATIONAL

45.5M

DAILY ACTIVE USERS

41.4B

HOURS ENGAGED

HUMAN CAPITAL MANAGEMENT

Named by Great Place to Work

and Fortune magazine as one of the

2021 Best Workplaces for Millennials™

Best Workplaces in the Bay

Area

2021, 2020 and 2019

Notice of 2022 Annual Meeting

of Stockholders

970 Park Place

San Mateo, California 94403

To the Stockholders of Roblox Corporation:

On behalf of our board of directors, it is our pleasure to invite you to attend the 2022 annual meeting of stockholders

(including any adjournment or postponement thereof, the “Annual Meeting”) of Roblox Corporation. The Annual

Meeting will be held virtually via live webcast at https://web.lumiagm.com/215721927 (password: roblox2022),

originating from San Mateo, California, on Thursday, May 26 at 8:00 a.m., Pacific time.

We are holding the Annual Meeting to seek your approval of the following proposals:

Proposals Board Vote Recommendation For Further Details

1. Election of Class I Directors “FOR” each director nominee Page 8

2. Advisory Vote on the Compensation of our Named

Executive Officers

“FOR” Page 29

3. Advisory Vote on the Frequency of Future

Stockholder Advisory Votes on the Compensation

of our Named Executive Officers

“EVERY 1 YEAR” Page 31

4. Ratification of the Independent Registered Public

Accounting Firm

“FOR” Page 51

These items of business are more fully described in the proxy statement accompanying this Notice.

Stockholders will also act on any other business properly brought before the meeting.

The record date for the Annual Meeting is March 28, 2022. Only stockholders of record of our Class A common stock

and Class B common stock at the close of business on the record date may vote at the Annual Meeting.

On or about April 4, 2022, we mailed to our stockholders a Notice of Internet Availability of Proxy Materials containing

instructions on how to access our proxy statement and annual report. This notice provides instructions on how to vote

via the Internet or by telephone and includes instructions on how to receive a paper copy of our proxy materials by mail.

The accompanying proxy statement and our annual report can be accessed directly at the following Internet address:

http://www.astproxyportal.com/ast/24055

Whether or not you plan to attend the Annual Meeting, we urge you to submit your proxy or voting instructions via the

Internet, telephone, or mail as soon as possible.

By Order of the board of directors,

MARK REINSTRA

General Counsel and Corporate Secretary

San Mateo, California

April 4, 2022

1 2022 PROXY STATEMENT

How to Vote in Advance of the Meeting

INTERNET

www.voteproxy.com

TELEPHONE

1-800-776-9437

(U.S. and Canada)

1-718-921-8500 (all

other countries)

MAIL

Mark, sign, date and promptly

mail the enclosed proxy card in

the postage-paid envelope

QR CODE

Scan this QR code

to vote with your

mobile device

Important Notice Regarding the Availability of Proxy Materials for the Annual Meeting of Stockholders to be held

on May 26, 2022. The proxy statement and the annual report are available at http://www.astproxyportal.com/ast/24055

Table of Contents

Notice of 2022 Annual Meeting of Stockholders

Proxy Summary 4

Board of Directors 8

ITEM 1 – ELECTION OF CLASS I DIRECTORS

Director Nominees 9

Continuing Directors 10

Board Composition 12

Identification and Consideration of New Nominees 13

Corporate Governance

Director Independence 15

Board Leadership Structure 15

Board Committees 17

Board and Committee Meetings 19

Board Oversight of Risk 20

Corporate Governance Guidelines and Code of Business Conduct and Ethics 21

Communication with the Board 22

Family Relationships 22

Environmental, Social and Governance Highlights

Our People 23

Our Culture and Values 23

People Programs 24

Our Commitment to Civility and Safety 24

Director Compensation

Executive Compensation

ITEM 2 – ADVISORY VOTE ON THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS

ITEM 3 – ADVISORY VOTE ON THE FREQUENCY OF FUTURE STOCKHOLDER ADVISORY VOTES ON THE

COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS

Compensation Discussion & Analysis 32

Executive Summary 32

Compensation-Setting Process 34

Principal Elements of Our Executive Compensation and 2021 Compensation 38

Additional Compensation Practices 41

Report of the Leadership Development and Compensation Committee 43

Executive Compensation Tables 44

ITEM 4 – RATIFICATION OF THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

Report of the Audit and Compliance Committee 52

Audit and Non-Audit Fees 52

Pre-Approval Policies and Procedures 53

Transactions with Related Persons

Security Ownership of Certain Beneficial Owners and Management 56

Questions and Answers About the Proxy Materials and 2022 Annual Meeting 59

Other Matters 65

3 2022 PROXY STATEMENT

Proxy Summary

This proxy summary highlights information regarding Roblox Corporation (“Roblox” or the “Company”) and certain

information included elsewhere in this proxy statement. You should read the entire proxy statement before voting. You

should also review our 2021 annual report to stockholders for detailed information regarding the 2021 financial and

operating performance of Roblox, including the audited financial statements and related notes included in the report.

ITEM 1

Election of Class I Directors

SEE PAGE

THE BOARD RECOMMENDS A VOTE FOR EACH DIRECTOR NOMINEE.

ITEM 2

Advisory Vote on the Compensation of our Named

Executive Officers

SEE PAGE

THE BOARD RECOMMENDS A VOTE FOR THIS PROPOSAL.

ITEM 3

Advisory Vote on the Frequency of Future

Stockholder Advisory Votes on the Compensation of

our Named Executive Officers

SEE PAGE

THE BOARD RECOMMENDS A VOTE FOR ONE YEAR.

ITEM 4

Ratification of the Independent Registered Public

Accounting Firm

SEE PAGE

THE BOARD RECOMMENDS A VOTE FOR THIS PROPOSAL.

PLEASE VOTE TODAY

Your vote is important. Whether or not you plan to

virtually attend the annual meeting, we urge you

to vote promptly. Please carefully review the proxy

materials and follow the instructions to cast your vote

on all of the proposals.

QUESTIONS AND ANSWERS ABOUT

THE2022 ANNUAL MEETING

Please see “Questions And Answers About The Proxy

Materials And 2022 Annual Meeting” for important

information about the annual meeting, virtual meeting

format, proxy materials, voting, Company documents,

communications, deadlines to submit stockholder

proposals and other pertinent information.

Board Highlights

Director Since

Committee Memberships

Other Public Company

DirectorshipsACC LDCC NCGC

Nominees

CHRISTOPHER CARVALHO

IND

Former Chief Operating Officer

of Kabam, Inc.

2015 1

GINA MASTANTUONO

IND

Chief Financial Officer of

ServiceNow, Inc.

2021 -

Continuing

DAVID BASZUCKI

Founder, President, ChiefExecutive

Officer and Chairman of

Roblox Corporation

2004 -

GREGORY BASZUCKI

Co-Founder of Founder Partners

2008 -

ANTHONY P. LEE

IND

Vice President of Altos Ventures

Management, Inc.

2008 -

ANDREA WONG

IND

Former President of International

Production for Sony Pictures

Television and International for Sony

Pictures Entertainment

2020 4

ACC Audit and Compliance

Committee

LDCC Leadership Development and

Compensation Committee

NCGC Nominating and Corporate Governance

Committee

IND

Independent

Member Chairperson

A Diverse and Skilled Board

We believe that our diverse board has an appropriate mix of skills, expertise and experience to oversee critical matters

of the Company and to represent the interests of our stockholders.

INDEPENDENCE TENURE GENDER DIVERSITY RACIAL/ ETHNIC DIVERSITY

66.7%

Independent Non-Independent

Average

8.3 years

0-5 yrs 6-10 yrs 11< yrs

33.3%

Female Male

33.3%

Ethnically

Diverse

Diverse Non-diverse

2022 PROXY STATEMENT

PROXY SUMMARY

Skill / Experience Criteria / Description

Strong

Experience

Moderate

Experience

Public Company CEO /

Executive

Experience as a current or former CEO,

President, CFO and/or COO within the

past 5 years

Public Company Board

(excluding Roblox)

Experience serving as a member of a

public company board within the last

five years (excluding Roblox)

Private Company Board

(excluding Roblox)

Current or prior experience as a

member of a privately-held company

board (excluding Roblox)

Entertainment Industry

Experience and expertise with the

entertainment and media industry and

businesses

Government Relations /

Regulatory

Background or experience in regulatory

and public policy

Technology / Digital Media

Experience and expertise in technology-

related business or technology functions,

resulting in knowledge of how to

anticipate technological trends and an

understanding of technology related risks

Public Company Finance

Experience as an executive responsible

for financial results of a breadth and

complexity comparable to Roblox

Audit / Accounting

Experience with accounting, financial

reporting processes and internal controls,

including experience working with

financial statements and auditors

Mergers and Acquisitions

M&A and integration experience

(including buy-and sell-side) as a public

company director

Cybersecurity

Understanding of and experience

in overseeing corporate

cybersecurity programs and having

a history of participation in relevant

cyber education

International Operations

Experience with the challenges

companies face in building out

international operations and

compliance programs

People / Compensation

Expertise in aligning Company culture,

performance, reward and talent with

strategy as well as remote and flexible

work strategies

Leadership Development

Experience with corporate governance

requirements, leadership development and

succession planning of management

Corporate History and

Evolution

Experience and understanding of Roblox’s

corporate history and evolution

PROXY SUMMARY

Corporate Governance Highlights

Key elements of our governance are set forth below:

% Lead independent director (66.7% independent

directors);

% Executive sessions of non-management directors

and at least two annual executive sessions of

independent directors;

% Beginning in 2021, annual board and committee

self-evaluations;

% Strong board diversity;

% Detailed strategy and risk oversight by board and

committees;

% No director overboarding;

% 100% independent board committees;

% Focus on executive officer succession planning;

% Director onboarding program and continuing director

education;

% Annual review of committee charters and key

governance policies;

% Commitment to fostering a diverse and inclusive

workplace; and

% Focus on Company culture

Executive Compensation Highlights

Pay for Performance and Stockholder Alignment

Our compensation program focuses on ownership and long-term retention and value creation

 Base Salary + Long-Term Equity Awards

 CEO: 100% of compensation is based on the 2021 Founder and CEO Long-Term Performance Award and requires

substantial share price growth over a five-year performance period for vesting

 Other NEOs: Over 90% of compensation of our other named executive officers (“NEOs”) is equity-based and vests

over four years

Compensation Practices

WHAT WE DO WHAT WE DO NOT DO

% 100% independent directors on our Leadership

Development and Compensation Committee

(“LDCC”)

% Independent compensation advisor, who provides

no other services to the Company

% Our CEO’s entire compensation is at-risk, and

based on our stock price performance

% Annual review of NEO compensation and peer

group data

% Double-trigger change in control arrangements

% Assess the risk-reward balance of our

compensation programs to mitigate undue risks

X No pension plans or supplemental

retirement plans

X No hedging or pledging of our stock by

directors, executives or employees

X No excise tax gross-ups upon a change

in control

2022 PROXY STATEMENT

PROXY SUMMARY

Board of Directors

ITEM 1:

Election

of Class I

Directors

Our Board

Our board of directors is currently comprised of six members. We have

a classified board consisting of three classes of equal size, each serving

staggered three-year terms. Information regarding each director nominee

and continuing director is set forth below. As detailed further in this proxy

statement, our board of directors, including the two director nominees,

reflects a broad array of knowledge, experience, skills, backgrounds and

other attributes, including diversity.

Nominees

Upon the recommendation of our Nominating and Corporate Governance

Committee (“NCGC”), our board of directors has nominated Christopher

Carvalho and Gina Mastantuono for election as Class I directors at the

Annual Meeting for new three-year terms, each to serve until the 2025

annual meeting of stockholders and until a successor has been duly elected

and qualified, or until such director’s earlier resignation, retirement or other

termination of service.

Voting Considerations

Each of the nominees has consented to being named in the proxy statement

and to continue to serve as a director, if elected; however, in the event that a

director nominee is unable or declines to serve as a director at the time of the

Annual Meeting, the proxies will be voted for any nominee designated by our

board of directors to fill such vacancy.

If you are a stockholder of record and you sign your proxy card or vote by

telephone or over the Internet but do not give instructions with respect to the

voting of directors, your shares will be voted “FOR” the election of each of

the nominees. If you are a street name stockholder and you do not give voting

instructions to your broker or nominee, your broker will leave your shares

unvoted on this matter.

Vote Required

Each director is elected by a plurality of the voting power of our common

stock present in person (including virtually) or represented by proxy at

the meeting and entitled to vote on the election of directors. Because the

outcome of this proposal will be determined by a plurality vote, any shares

not voted “FOR” a particular nominee, whether as a result of choosing to

“WITHHOLD” authority to vote or a broker non-vote, will not have an effect

on the outcome of the election.

THE

BOARD OF

DIRECTORS

RECOMMENDS

A VOTE

“FOR” THE

NOMINEES

NAMED

BELOW

Board of Directors

Directors Nominees

CHRISTOPHER CARVALHO, 55

Former Chief Operating Officer of Kabam, Inc.

DIRECTOR SINCE: 2015

COMMITTEES:

Audit and Compliance, Leadership Development and Compensation,

Nominating and Corporate Governance

BACKGROUND

Mr. Carvalho has served as a member of our board of directors since December 2015. Between January 2010 and December 2013,

Mr. Carvalho served as Chief Operating Officer of Kabam, Inc., a developer of online computer games. From June 2008 to

October 2010, he served as Vice President and General Manager of SmartyCard, a division of Gazillion Entertainment, a developer

of online computer games. Between January 1999 and June 2008, Mr. Carvalho served in several capacities with Lucasfilm Ltd.,

a film and entertainment company, including as the head of Business Development. Mr. Carvalho serves on the board of Modern

Times Group MTG AB, a digital entertainment company listed on the Nasdaq Stockholm AB and of several private gaming and

entertainment companies. Between May 2017 and August 2019 Mr. Carvalho served as a member of the board of directors of G5

Entertainment AB, a developer and publisher of mobile games listed on the Nasdaq Stockholm AB main market and the Nasdaq

OTCQX. Mr. Carvalho holds an MBA from the University of California, Los Angeles Anderson School of Management and a BS in

Business Administration from the University of California, Berkeley, Haas School of Business.

DIRECTOR QUALIFICATIONS

We believe that Mr. Carvalho is qualified to serve on our board of directors because of his executive level experience in online

gaming, his general experience with and knowledge of the industry in which we operate, and his experience as a current and

former director of many companies.

GINA MASTANTUONO, 51

Chief Financial Officer of ServiceNow, Inc.

DIRECTOR SINCE: 2021

COMMITTEES:

Audit and Compliance (Chair), Leadership Development and

Compensation

BACKGROUND

Ms. Mastantuono has served as a member of our board of directors since April 2021. Ms. Mastantuono has served as the

Chief Financial Officer of ServiceNow, Inc. since January 2020. From December 2016 to January 2020, Ms. Mastantuono

served as Executive Vice President and Chief Financial Officer of Ingram Micro Inc., a provider of global technology and supply

chain services and as its Executive Vice President, Finance from April 2013 to December 2016. From June 2007 to April 2013,

Ms. Mastantuono served as Senior Vice President, Chief Accounting Officer and International Chief Financial Officer of Revlon,

Inc., a cosmetics, skin care, fragrance and personal care company. Before Revlon, Ms. Mastantuono held various finance

executive roles at InterActiveCorp., a publicly traded operator of a diversified portfolio of specialized and global brands, and

Triarc Companies, Inc., a publicly traded consumer products company. She began her career at Ernst & Young, LLP in New York.

Ms. Mastantuono is a certified public accountant with more than 20 years of finance experience. Ms. Mastantuono attended the

State University of New York at Albany, where she earned a B.S. degree in Accounting and Business Administration.

DIRECTOR QUALIFICATIONS

We believe Ms. Mastantuono is qualified to serve on our board of directors because of her deep financial and strategic acumen

and her extensive management experience with global technology companies. Further, Ms. Mastantuono’s financial expertise over

20 years in finance provides her with the necessary skills and experience to perform audit committee functions.

9 2022 PROXY STATEMENT

BOARD OF DIRECTORS

Continuing Directors

DAVID BASZUCKI, 59

Founder, President, Chief Executive Officer and Chairman of Roblox

DIRECTOR SINCE: 2004

BACKGROUND

Mr. Baszucki has served as our Founder, President, Chief Executive Officer and member of our board of directors since

March 2004. From July 1989 until December 1998, Mr. Baszucki served in various positions at Knowledge Revolution, a developer

of 2D and 3D motion simulation software, which was acquired in December 1998 by MSC Software Corporation, a software

company that specializes in simulation software, and which was acquired by Hexagon AB, a global technology group focused on

precision measuring technologies, in February 2017. Between December 1998 and December 2000, Mr. Baszucki served in various

positions at MSC Software Corporation, most recently as General Manager. Mr. Baszucki holds a BS in Electrical Engineering from

Stanford University.

DIRECTOR QUALIFICATIONS

We believe that Mr. Baszucki is qualified to serve on our board of directors because of the perspective and experience he brings

as our Founder, President, Chief Executive Officer and Chairman.

GREGORY BASZUCKI, 57

Co-Founder of Founder Partners

DIRECTOR SINCE: 2008

BACKGROUND

Mr. Baszucki has served as a member of our board of directors since February 2008. Since January 2013, Mr. Baszucki has served

as a Co-Founder of Founder Partners, a closely held partnership which builds and invests in capital efficient mobile, Internet and

software companies. He is also the Chief Executive Officer of Wheelhouse Enterprises, Inc., a marketplace for buyers and sellers

of business software and has served as such since its founding in January 2009. Prior to Founder Partners and Wheelhouse

Enterprises, Mr. Baszucki founded and served as President of Dealix Corporation, an online automotive sales company between

November 1998 and November 2006. Mr. Baszucki currently serves as a member of the boards of directors of several private

companies. Mr. Baszucki holds a BS in Electrical Engineering from University of Minnesota-Twin Cities.

DIRECTOR QUALIFICATIONS

We believe that Mr. Baszucki is qualified to serve on our board of directors because of his significant knowledge of and history

with our Company, his executive leadership experience, his extensive experience as an entrepreneur, and his experience as a

current and former director of many companies.

BOARD OF DIRECTORS

ANTHONY P. LEE, 51

Vice President of Altos Ventures Management, Inc.

DIRECTOR SINCE: 2008

COMMITTEES:

Committees: Leadership Development and Compensation, Nominating

and Corporate Governance (Chair)

BACKGROUND

Mr. Lee has served as a member of our board of directors since February 2008 and was appointed as our Lead Independent

Director in November 2020. He joined Altos Ventures in May 2000 and is currently a Vice President of Altos Ventures

Management, Inc., which manages a family of international, technology-focused venture capital funds. He is a managing

director of each fund. In addition, Mr. Lee currently serves on the board of directors of several private companies and non-profit

organizations. He holds an AB in Politics from Princeton University and an MBA from the Stanford Graduate School of Business.

DIRECTOR QUALIFICATIONS

We believe that Mr. Lee is qualified to serve on our board of directors because of his significant knowledge of and history with our

Company and his experience as a seasoned investor and current and former director of many companies.

ANDREA WONG, 55

Former President of International Production for Sony Pictures Television and International for Sony

Pictures Entertainment

DIRECTOR SINCE: 2020

COMMITTEES:

Committees: Audit and Compliance, Leadership Development and

Compensation (Chair), Nominating and Corporate Governance

BACKGROUND

Ms. Wong has served as a member of our board of directors since August 2020. Ms. Wong has serves as a member of the board

of directors and as a member of each of the compensation committee and the nominating and corporate governance committee

of Liberty Media Corporation, an owner and operator of various media, communications and entertainment businesses, and

Qurate Retail, Inc., an owner and operator of various digital commerce businesses since September 2011. Ms. Wong has served

as a member of the board of directors and as a member of the nominating and corporate governance committee of Hudson

Pacific Properties Inc., a real estate investment trust since August 2017 and Oaktree Acquisition Corp II, a blank check company

since September 2020. From September 2011 to March 2017, Ms. Wong served as President, International Production for Sony

Pictures Television and President, International for Sony Pictures Entertainment. From April 2007 to April 2010, she served as

President and Chief Executive Officer of Lifetime Entertainment Services. Ms. Wong served in various positions with ABC, Inc., a

subsidiary of The Walt Disney Company, from August 1993 to March 2007, most recently as Executive Vice President, Alternative

Series, Specials and Late Night. Ms. Wong previously served as a director of Social Capital Hedosophia Holdings Corp., a blank

check company and Hudson’s Bay Company, a Canadian retail company. Ms. Wong holds a BS in electrical engineering from the

Massachusetts Institute of Technology and an MBA from the Stanford Graduate School of Business.

DIRECTOR QUALIFICATIONS

We believe that Ms. Wong is qualified to serve on our board of directors because of her extensive background in media

programming across a variety of platforms, her executive leadership experience with the management and operation of

companies in the entertainment sector, and her experience as a current and former director of many companies.

11 2022 PROXY STATEMENT

BOARD OF DIRECTORS

Board Composition

We are committed to having a skilled and experienced board that will provide sound oversight as Roblox continues to

execute on its long-term growth strategy.

Since 2015, three new independent directors (including two women) joined our board of directors enhancing

Finance, Senior Leadership, Public Company, Board and Industry experience.

BOARD OF DIRECTORS

Identification and Consideration

of New Nominees

Our NCGC is responsible for reviewing with the board of directors the appropriate characteristics, skills, and experience

required for the board of directors as a whole and its individual members. Our NCGC uses a variety of methods to

identify and evaluate director nominees.

While the board of directors has not established specific minimum qualifications for members of the board of directors,

the board of directors believes that the assessment of director qualifications may include numerous factors, such as:

 character;

 professional ethics and integrity;

 judgment;

 business acumen;

 proven achievement and competence in one’s field;

 the ability to exercise sound business judgment;

 tenure on the board of directors and skills that are

complementary to the board of directors;

 an understanding of the Company’s business;

 an understanding of the responsibilities that are

required of a member of the board of directors;

 other time commitments; and

 diversity with respect to professional background,

education, race, ethnicity, gender, age and geography,

as well as other individual qualities and attributes

that contribute to the total mix of viewpoints and

experience represented on the board of directors

(the “Director Criteria”).

DIRECTOR NOMINATION

PROCESS

The NCGC is responsible for identifying

and screening candidates for board

membership and recommending

candidates to the entire board of

directors for board membership

SCREENING OF CANDIDATE

The NCGC screening process includes:

 candidate interviews

 inquiry of the person or persons making the

recommendation or nomination

 engagement of an outside search or consulting

firmto gather additional information

 reliance on the knowledge of the members of the

NCGC, the board of directors or management

RECOMMENDATION AND

APPROVAL

The board of directors has final

authority approving director

candidates for nomination to

the board of directors, following

recommendation by the NCGC

DIRECTOR CANDIDATE

EVALUATION

The NCGC considers:

 the current size and

composition of the board of

directors and the needs of

the board of directors and the

respective committees of the

board of directors

 the Director Criteria

 other factors that the NCGC

may consider appropriate

13 2022 PROXY STATEMENT

BOARD OF DIRECTORS

Stockholder Recommendations and Nominations

to the Board of Directors

The NCGC will consider director candidates recommended by stockholders holding at least 1% of the fully

diluted capitalization of the Company continuously for at least 12 months prior to the date of the submission of

the recommendation, so long as such recommendations comply with our amended and restated certificate of

incorporation, amended and restated bylaws, and applicable laws, rules and regulations, including those promulgated

by the Securities and Exchange Commission (the “SEC”). The NCGC will evaluate such recommendations in accordance

with its charter, our amended and restated bylaws and our policies and procedures for director candidates, as well as

the Director Criteria. This process is designed to ensure that our board of directors includes members with diverse

backgrounds, skills, and experience, including appropriate financial and other expertise relevant to our business. Eligible

stockholders wishing to recommend a candidate for nomination should direct the recommendation in writing by

letter, attention of the General Counsel or the Legal Department, at 970 Park Place, San Mateo, California 94403. Such

recommendations must include the candidate’s name, home and business contact information, detailed biographical

data, relevant qualifications, a statement of support by the recommending stockholder, a signed letter from the

candidate confirming willingness to serve on our board of directors, information regarding any relationships between

the candidate and our Company, evidence of the recommending stockholder’s ownership of our capital stock, and any

other information required by our amended and restated bylaws. The NCGC has discretion to decide which individuals

to recommend for nomination as directors.

Under our amended and restated bylaws, stockholders may also directly nominate persons for our board of directors.

Any nomination must comply with the requirements set forth in our amended and restated bylaws and should be sent

in writing to our Corporate Secretary. To be timely for the 2023 annual meeting of stockholders, nominations must be

received by our Corporate Secretary observing the same deadlines for stockholder proposals discussed below under

“What is the deadline to propose actions for consideration at next year’s annual meeting of stockholders or to nominate

individuals to serve as directors?—Stockholder Proposals.”

BOARD OF DIRECTORS

Corporate Governance

Director Independence

Under the listing standards of the New York Stock Exchange (“NYSE”), independent directors must comprise a

majority of a listed company’s board of directors unless the listed company qualifies as a “controlled company.” In

addition, NYSE listing standards require that, subject to the “controlled company” exemption, each member of a

listed company’s audit, compensation, and nominating and corporate governance committees be independent. Under

NYSE listing standards, a director will only qualify as an “independent director” if the board of directors affirmatively

determines that the director has no material relationship with the company (either directly or as a partner, shareholder

or officer of an organization that has a relationship with the company). We believe we are eligible for, but do not take

advantage of, the “controlled company” exemption to the corporate governance rules for NYSE-listed companies.

Our board of directors has undertaken a review of the independence of each director. Based on information provided

by each director concerning their background, employment and affiliations, our board of directors has determined

that four of our five non-employee directors (Mr. Carvalho, Mr. Lee, Ms. Mastantuono and Ms. Wong) do not have a

relationship that would interfere with the exercise of independent judgment in carrying out the responsibilities of a

director and that each of these directors is “independent” as that term is defined under the listing standards of the

NYSE. In making these determinations, our board of directors considered the current and prior relationships that

each non-employee director has with our Company and all other facts and circumstances our board of directors

deemed relevant in determining their independence, including the beneficial ownership of our capital stock by each

non-employee director, and any transactions involving them described in the section titled “Transactions with Related

Persons.”

Board Leadership Structure

We believe that the structure of our board of directors and its committees provides strong overall management of

our Company. Mr. David Baszucki currently serves as both the Chairman of our board of directors and as our Chief

Executive Officer (“CEO”). As our founder, Mr. Baszucki is best positioned to identify strategic priorities, lead critical

discussion, and execute our business plans.

Our board of directors has adopted corporate governance guidelines that provide that one of our independent

directors should serve as our Lead Independent Director if the Chairman of our board of directors is not independent.

In addition, only independent directors serve on the Audit and Compliance Committee (“ACC”), LDCC and NCGC.

As a result of the board of directors’ committee system, the existence of a majority of independent directors, and

Lead Independent Director, the board of directors believes it maintains effective oversight of our business operations,

including independent oversight of our financial statements, executive compensation, selection of director candidates,

and corporate governance programs. We believe that the leadership structure of our board of directors is appropriate

and enhances our board of directors’ ability to effectively carry out its roles and responsibilities on behalf of our

stockholders, while Mr. Baszucki’s combined role enables strong leadership, creates clear accountability, and enhances

our ability to communicate our message and strategy clearly and consistently to stockholders.

2022 PROXY STATEMENT15

LEAD INDEPENDENT DIRECTOR DUTIES AND RESPONSIBILITIES

Our board of directors appointed Anthony P. Lee to serve as our Lead Independent Director in 2020. The board

of directors considered Mr. Lee’s demonstrated leadership during his tenure as a director; his contributions as the

chairof the NCGC; and his contributions as a member of the ACC. The board of directors believes that Mr. Lee’s

ability to act as a strong lead independent director provides balance in our leadership structure and will be in the

best interest of Roblox and its stockholders.

As Lead Independent Director, Mr. Lee

 is responsible for calling, contributing to the agenda and presiding over separate meetings of our

independent directors;

 reports to our CEO and Chairman regarding feedback from executive sessions;

 serves as spokesperson for the Company as requested; and

 performs such additional duties as a majority of the independent directors may designate from time to time.

CORPORATE GOVERNANCE

Board Committees

Our board of directors has established the ACC, the LDCC, and the NCGC. Each committee member meets the

requirements for independence under the listing standards of the NYSE and SEC rules and regulations, and each

committee operates under a written charter that satisfies the applicable rules and regulations of the SEC and the listing

standards of the NYSE. A copy of each charter is available on our website at ir.roblox.com under “Governance.” Members

will serve on these committees until their resignation or until as otherwise determined by our board of directors. The

composition and responsibilities of each of the committees of our board of directors is described below.

AUDIT AND COMPLIANCE COMMITTEE

MEMBERS: MEETINGS

IN 2021: 7

GINA

MASTANTUONO

(Chair)

CHRISTOPHER

CARVALHO ANDREA WONG

Our ACC is responsible for, among other things:

 selecting a qualified firm to serve as the independent registered public accounting firm to audit our

financial statements;

 helping to ensure the independence and oversee the performance of the independent registered public

accounting firm;

 reviewing and discussing the scope and results of the audit with the independent registered public accounting

firm, and reviewing, with management and the independent registered public accounting firm, our interim and

year-end results of operations;

 reviewing our financial statements and our critical accounting policies and estimates;

 overseeing and monitoring the integrity of our financial statements, accounting and financial reporting

processes, and internal controls;

 overseeing the design, implementation, and performance of our internal audit function;

 overseeing our compliance with legal and regulatory requirements as they relate to financial statements or

accounting matters;

 adopting and overseeing procedures for employees to submit concerns anonymously about questionable

accounting or audit matters;

 overseeing our policies on risk assessment and risk management;

 overseeing our initiatives related to cybersecurity, including prevention and monitoring;

 reviewing the overall adequacy and effectiveness of our legal, regulatory and ethical compliance programs;

 reviewing and approving related party transactions; and

 approving or, as required, pre-approving, all audit and all permissible non-audit services, to be performed by the

independent registered public accounting firm.

Each member of the ACC meets the financial literacy and sophistication requirements of the listing standards of

the NYSE.

No member of our ACC may serve on the audit committee (or other board committee performing equivalent

functions) of more than three public companies, including Roblox, unless our board of directors determines that

such simultaneous service would not impair the ability of such member to effectively serve on our ACC and we

disclose such determination in our annual proxy statement.

Our board of directors has determined that Ms. Mastantuono is an audit committee financial expert within the

meaning of Item 407(d) of Regulation S-K.

17 2022 PROXY STATEMENT

CORPORATE GOVERNANCE

LEADERSHIP DEVELOPMENT AND COMPENSATION COMMITTEE

MEMBERS: MEETINGS

IN 2021: 7

ANDREA

WONG

(Chair)

ANTHONY

P. LEE

CHRISTOPHER

CARVALHO

GINA

MASTANTUONO

Our LDCC is responsible for, among other things:

 reviewing and approving the corporate goals and objectives applicable to the compensation of our executive

officers, including our chief executive officer and evaluating the performance of each such officer in

light thereof;

 reviewing, determining and approving, the cash and equity compensation of our officers, including our chief

executive officer and other key employees;

 reviewing, approving and administering our employee benefit and equity incentive plans;

 advising our board of directors on management proposals to stockholders on executive compensation

matters and overseeing management’s engagement with stockholders and proxy advisory firms on executive

compensation matters;

 establishing, reviewing, and overseeing the development and implementation of employee compensation plans

to ensure consistency with our general compensation strategy;

 reviewing and discussing our compensation policies and practices with management for risk assessment;

 reviewing and making recommendations regarding non-employee director compensation to our full board

of directors;

 retaining or obtaining the advice of compensation consultants, independent legal counsel and other

advisors; and

 periodically reviewing and discussing with our board of directors the corporate succession planning and

leadership development plans for the CEO and other executive officers.

Compensation Committee Interlocks and

Insider Participation

None of the members of our LDCC is or has been an officer or employee of our Company. None of our executive

officers currently serves, or in the past year has served, as a member of the board of directors or compensation

committee (or other board committee performing equivalent functions) of any entity that has one or more of its

executive officers serving on our board of directors or LDCC. See the section titled “Transactions with Related Persons”

for information about any related party transactions involving members of our LDCC or their affiliates.

CORPORATE GOVERNANCE

NOMINATING AND CORPORATE GOVERNANCE COMMITTEE

MEMBERS: MEETINGS

IN 2021: 4

ANTHONY P. LEE

(Chair)

ANDREA

WONG CHRISTOPHER CARVALHO

Our NCGC is responsible for, among other things:

 identifying, evaluating, and selecting, or making recommendations to our board of directors regarding,

nominees for election to our board of directors;

 considering and making recommendations to our board of directors regarding the composition of our board of

directors and its committees;

 overseeing the annual evaluation of our board of directors;

 overseeing and reviewing developments in our corporate governance practices, including developing

andmaking recommendations to our board of directors regarding corporate governance guidelines or

framework; and

 developing, approving and reviewing compliance with the Company’s Code of Business Conduct and Ethics

and reviewing conflicts of interest of directors and officers other than related party transactions reviewed by

the ACC.

Board and Committee Meetings

Meeting Attendance

During our fiscal year ended December 31, 2021, our board of directors held 6 meetings (including regularly scheduled

and special meetings). Each director attended 100% of the aggregate of (i) the total number of meetings of our board

of directors held during the period for which he or she has been a director and (ii) the total number of meetings held

by all committees of our board of directors on which he or she served during the periods that he or she served.

Executive Sessions

To encourage and enhance communication among non-employee directors, and as required under applicable NYSE

rules, our corporate governance guidelines provide that the non-employee directors will meet in executive sessions

without management directors or management present on a periodic basis but no less than twice a year. Such

executive sessions will be led by independent directors. In addition, if any of our non-employee directors are not

independent directors, then our independent directors will also meet in executive session on a periodic basis but not

less than twice a year.

Attendance at Annual Meeting of Stockholders

Each director is strongly encouraged to attend the Company’s annual meetings of stockholders. This annual meeting

will be our first annual meeting of our stockholders as a public company.

19 2022 PROXY STATEMENT

CORPORATE GOVERNANCE

Board Oversight of Risk

Risk is inherent with every business, and we face a number of risks, including strategic, financial, business and

operational, legal and compliance, and reputational, in the pursuit and achievement of our strategic objectives. We have

designed and implemented processes to manage risk in our operations.

BOARD OF DIRECTORS

 has responsibility for the oversight of our risk management framework, which is designed to identify, assess,

and manage risks to which our Company is exposed, as well as to foster a corporate culture of integrity

 regularly reviews our strategic and operational risks in the context of discussions with management, question

and answer sessions, and reports from the management team at each regular board of directors meeting

 receives regular reports on all significant committee activities at each regular board of directors meeting, and

evaluates the risks inherent in significant transactions

AUDIT AND COMPLIANCE

COMMITTEE

LEADERSHIP DEVELOPMENT AND

COMPENSATION COMMITTEE

NOMINATING AND CORPORATE

GOVERNANCE COMMITTEE

 assists our board of directors

in fulfilling its oversight

responsibilities with respect

to risk management in the

areas of internal control

over financial reporting

and disclosure controls

and procedures, legal and

regulatory compliance

 discusses with management,

the internal auditors, and

the independent auditor

guidelines and policies with

respect to risk assessment

and risk management, as

well as potential conflicts of

interest

 oversees our initiatives

related to cybersecurity,

including prevention and

monitoring

 assesses risks arising from

our compensation philosophy

and practices applicable to

all employees to determine

whether they encourage

excessive risk- taking and

evaluates policies and practices

that could mitigate such risks

 assesses risks relating to

our corporate governance

practices and the

independence of the board of

directors

MANAGEMENT

 is responsible for the day-to-day oversight and management of strategic, operational, legal and compliance,

cybersecurity, and financial risks

CORPORATE GOVERNANCE

Corporate Governance Guidelines and Code

of Business Conduct and Ethics

Our board of directors has adopted Corporate Governance Guidelines that address items such as the qualifications and

responsibilities of our directors and director candidates, including independence standards, and corporate governance

policies and standards applicable to us in general. In addition, our board of directors has adopted a Code of Business

Conduct and Ethics that applies to all of our and our subsidiaries’ employees, officers and directors, including our

chief executive officer, chief financial officer, and other executive and senior financial officers and our contractors,

consultants and agents. The full text of our Corporate Governance Guidelines and our Code of Business Conduct and

Ethics is posted on our website at ir.roblox.com under “Governance Documents.” We will disclose any amendments to

our Code of Business Conduct and Ethics or any waivers of the requirements of our Code of Business Conduct and

Ethics for directors and executive officers on the same website or in filings under the Exchange Act.

KEY CORPORATE GOVERNANCE GUIDELINES PROVISIONS

Board and Committee

Self-Evaluations

The NCGC oversees an annual self-evaluation by the board of directors,

each of its committees and each director. The NCGC will utilize the

results of this process in assessing board of directors composition and

performance to further the interests of the Company and its stockholders

in a manner consistent with the Company’s mission and core values.

Director Onboarding and

Education

The NCGC oversees the Company’s director orientation and continuing

education programs. The directors and the Company are committed to

ensuring that all directors receive orientation and continuing education.

Limitation on Other Board

Service

No director should serve on more than four additional public company

boards without the approval of the board of directors. Our chief

executive officer should not serve on more than two additional public

company boards.

Change in Employment Directors are instructed to notify the NCGC if they become aware of

circumstances, including changes of employment, that could materially

interfere with their service as a director. The NCGC may request that the

director cease the activity or, in more severe cases, submit his or her

resignation from the board of directors.

21 2022 PROXY STATEMENT

CORPORATE GOVERNANCE

Communication with the Board

The board of directors believes that stockholders should have an opportunity to send communications to the

non-management members of the board of directors. In cases where stockholders and other interested parties wish to

communicate directly with the Company’s non-management directors, messages should be in writing and should be

sent to the General Counsel, Chief Financial Officer or Legal Department by mail to the principal executive office of the

Company. Any such communication should be made in accordance with the following policy.

Each communication should set forth (i) the name and address of the stockholder, as it appears on the Company’s

books, and if the Company’s Class A common stock is held by a nominee, the name and address of the beneficial owner

of the Company’s Class A common stock and (ii) the number of shares of the Company’s Class A common stock that

are owned of record by the record holder and beneficially by the beneficial owner.

The Company’s General Counsel, Chief Financial Officer or Legal Department, in consultation with appropriate directors

as necessary, shall review all incoming communications and screen for communications that (1) are solicitations

for products and services, (2) relate to matters of a personal nature not relevant for the Company’s stockholders

to act on or for the board of directors to consider and (3) matters that are of a type that render them improper or

irrelevant to the functioning of the board of directors or the Company, including without limitation, mass mailings,

product complaints or inquiries, job inquiries, business solicitations and patently offensive or otherwise inappropriate

material. If appropriate, the Company’s General Counsel, Chief Financial Officer or Legal Department will route such

communications to the appropriate director(s) or, if none is specified, to the Chairperson of the board of directors or

the Lead Independent Director if the Chairperson of the board of directors is not independent.

The Company’s General Counsel, Chief Financial Officer or Legal Department may decide in the exercise of his, her

or its judgment whether a response to any communication is necessary and shall provide a report to the NCGC on

a quarterly basis of any communications received for which the General Counsel, Chief Financial Officer or Legal

Department has responded. These policies and procedures for communications with the non-management directors

are administered by the NCGC.

These policies and procedures do not apply to (a) communications to non-management directors from officers or

directors of the Company who are stockholders or (b) stockholder proposals submitted pursuant to Rule 14a-8 under

the Securities Exchange Act of 1934, as amended.

Family Relationships

David Baszucki, our Founder, President, Chief Executive Officer and Chair of our board of directors and Gregory

Baszucki, one of our directors, are brothers. There are no other family relationships among any of our executive officers

or directors.

CORPORATE GOVERNANCE

Environmental, Social and

Governance Highlights

Our People

1,600

FULL-TIME

EMPLOYEES

 ~75% in product and engineering functions

 ~10% outside U.S.

 Our brand, market position, reputation for innovation, and developer

and creator-centric culture support our ability to recruit best-in-class

engineering talent.

 We track turnover, time to fill open roles, ratio of internally developed

talent to external hires, ratio of technical talent to overall employees

and employee engagement

Our Culture and Values

We operate Roblox as a portfolio of small vision aligned teams with their own objectives, roadmap, and key

performance indicators, maximizing accountability, creativity, and leadership opportunities.

FOUR CORE VALUES

RESPECT THE

COMMUNITY

TAKE THE

LONG VIEW

TAKE

RESPONSIBILITY

GET STUFF

DONE

We put the needs of our

community above our

own.

We incorporate our

long-term goals in every

decision.

We drive execution by

solving problems along

with flagging issues.

We have a bias toward

action.

2022 PROXY STATEMENT23

People Programs

New programs launched in 2021:

HEALTH & WELLBEING SUCCESS SHARING

DIVERSITY, EQUITY &

INCLUSION

Access to holistic benefits:

 Carrot (fertility and family forming)

 Ginger (mental and behavioral

health)

 Headspace (meditation and

mindfulness)

 Physera (unlimited physical therapy)

 Aaptiv (fitness classes)

 Rightway (healthcare concierge

and support)

 One Medical (primary care and

virtual care)

 Time off for all employees to

simultaneously recharge and focus

on their health and wellbeing

Our employees share in our

financial growth:

 Employee Stock Purchase Plan

allows our employees to purchase

stock at a discounted price

 401(k) Match: 100% on first 3%

deferred; 50% on next 2%

 Additional After-Tax 401(k)

for more deferral opportunity

 Charitable Giving Match: up

to $15,000 ($20,000 CAD) per

contributor per year

 Approximately $1.49 million in

contributions matched by the

Company

Employee Resource Groups (ERGs)

include groups for women, racial

and ethnic minorities, and people

who identify as LGBTQIA+

Our ERGs are inclusive, voluntary,

employee-led and executive

sponsored groups whose aim

is to foster a diverse, inclusive

workplace aligned with the

organizations they serve

Our Commitment to Civility and Safety

A safe and civil place

where everyone can create,

explore, collaborate, and

share experiences

Over a decade building a

world-class safety system

and policies

Industry best practices Continuously evolving

Community Standards

COMMUNITY STANDARDS

THAT OUTLINE CLEAR

EXPECTATIONS FOR

USING ROBLOX

IF ANYONE IS FOUND

TO BE IN VIOLATION OF

THESE STANDARDS, THEY

MAY BE SUSPENDED OR

REMOVED

We do not tolerate inappropriate content and behavior, and we take swift action to address any user who violates

our terms of use, including any attempts to go around our safety policies and protocols. However, as with any

community, there are bad actors who may attempt to undermine or skirt the rules. We continue to enhance our

platform and policies in an attempt to thwart this behavior.

You can read our Community Standards here: https://en.help.roblox.com/hc/en-us/articles/203313410

ENVIRONMENTAL, SOCIAL AND GOVERNANCE HIGHLIGHTS

Systems & Tools

Frequently audit our platform to ensure we are continually strengthening our proactive and reactive detection methods

TRUST & SAFETY

CONTENT REVIEW PRIVACY

 Thousands of expertly trained

agents dedicated to protecting

our users and monitoring 24/7

 Human moderators and machine

detection to review every

uploaded image and audio file

 COPPA certified by kidSAFE

and a member of the kidSAFE

Seal Program

PARENTAL CONTROLS REPORTING SYSTEM

CHAT FILTERING

Parents can

 limit or disable chat

 restrict access

 customize spending limits

Users can

 Mute or block anyone

 Report inappropriate content/

behavior using our Report Abuse

system

 Filter text chat on the platform

 For users under 13, our filters

are even stricter

 Age verification for access to

voice chat

Community Education & Resources

DIGITAL CIVILITY INITIATIVE

TRUST & SAFETY ADVISORY BOARD

To provide educational resources to spark ongoing

conversations and help our community develop

long-term safety and civility skills

We invite you to visit corp.roblox.com/digital-well-being/

to find out more.

A Trust & Safety Advisory Board composed of world-

renowned digital safety authorities

You can learn more about each of our Trust & Safety

Advisory Board members here: corp.roblox.com/parents/

Our Partners

SAFETY, DIGITAL EDUCATION, AND INDUSTRY ORGANIZATIONS

Partnerships with over 20 leading global organizations that focus on child and internet safety and digital education

COMPANIES AND OTHER PLATFORMS

GOVERNMENT AUTHORITIES

Work closely with other chat, social media, and user-

generated content platforms to report bad actors and

content

Work as proactively as possible with authorities

including the National Crime Agency and Child

Exploitation and Online Protection Command in

the United Kingdom, as well as the National Center

for Missing & Exploited Children (NCMEC) in the

United States

25 2022 PROXY STATEMENT

ENVIRONMENTAL, SOCIAL AND GOVERNANCE HIGHLIGHTS

Director Compensation

Outside Director Compensation Policy

In December 2020, our board of directors adopted and our stockholders approved a compensation policy for

our non-employee directors. This policy was developed with input from Compensia, Inc. (“Compensia”), our prior

independent compensation consultant, regarding practices and compensation levels at comparable companies. It is

designed to attract, retain, and reward non-employee directors.

Under this director compensation policy, each non-employee director will receive the cash and equity compensation

for board services described below. We also will continue to reimburse our non-employee directors for reasonable,

customary and documented travel expenses to our board of directors meetings.

The LDCC reviews the total compensation of our non-employee directors and each element of our outside director

compensation policy at least annually.

Maximum Annual Compensation Limit

The director compensation policy provides that in any fiscal year, no non-employee director may be issued cash

payments and equity awards with a combined value greater than $750,000. Any cash compensation paid or equity

awards granted to an individual for their services as an employee, or for their services as a consultant (other than as a

non-employee director), will not count for purposes of the limitations. The maximum limits do not reflect the intended

size of any potential compensation or equity awards to our non-employee directors.

Cash Compensation

Each non-employee director is paid an annual cash retainer of $180,000. There are no per-meeting attendance fees for

attending board meetings.

Additionally, each non-employee director who serves as lead director, chair, or member of a committee will be paid

additional annual fees as follows:

Non-Employee Director Additional Cash Fees

$180,000

Annual Cash

Retainer

$180,000

Annual Equity

Compensation

Lead Independent Director $40,000

Committee

Chair Fees

Committee

Membership

Fees

Audit and Compliance Committee

 

Leadership Development and

Compensation Committee  

Nominating and Corporate

Governance Committee

 

Each annual cash retainer and additional annual fee will be paid in arrears on a prorated basis. In addition to the annual

cash retainer and annual equity grant, each non-employee director who joins our board of directors after our direct

listing will also receive an initial equity grant of $360,000, as described below. To date, only Ms. Mastantuono has

received such initial equity grant upon joining our board of directors.

Equity Compensation

Initial Award: Subject to the annual limitations contained in the policy, each person who first becomes a non-employee

director following our direct listing will receive, on the first trading day on or after the date on which such individual

firstbecomes a non-employee director, an award of restricted stock units (“RSUs”), or the Initial Award, covering a

number of shares of our Class A common stock having an approximate value equal to $360,000. The number of shares

subject to the Initial Award will be determined by dividing the value of the Initial Award by the average fair market value

of a share of our Class A common stock for the 60 consecutive trading days ending on the fifth trading pay prior to the

grant date, rounded down to the nearest whole share. The Initial Award will vest as to one-third of the RSUs subject to the

Initial Award on the first quarterly vesting date that is on or after the one-year anniversary of the Initial Award’s grant date

and as to one-third of the RSUs on each annual anniversary thereafter subject to the non-employee director continuing

to provide services to us through the applicable vesting date. A quarterly vesting date is each of February 20, May 20,

August 20 and November 20. If an individual was a member of our board of directors and also an employee, becoming a

non-employee director due to termination of employment will not entitle them to an Initial Award.

Annual Award: Subject to the annual limitations contained in the policy, each non-employee director automatically will

receive, on the first trading day on or after the date on which such individual first becomes a non-employee director

and on the date of each annual meeting of our stockholders following the effective date of the policy, or the Annual

Meeting Date, an award of RSUs, or an Annual Award, covering a number of shares of our Class A common stock

having an approximate value of $180,000. The number of shares subject to the Annual Award will be determined by

dividing the value of the Annual Award by the average fair market value of a share of our Class A common stock for the

60 consecutive trading days ending on the fifth trading pay prior to the grant date, rounded down to the nearest whole

share. Each Annual Award will vest on the day prior to the Annual Meeting Date next following the Annual Award’s

grant date, subject to the non-employee director’s continued service through the applicable vesting date.

In the event of a “change in control” (as defined in our 2020 Equity Incentive Plan, the “2020 Plan”), under the terms of

our 2020 Plan, each non-employee director will fully vest in their outstanding company equity awards issued under the

director compensation policy, including any Initial Award or Annual Award, unless specifically provided otherwise in the

applicable award agreement or other written agreement between the non-employee director and us.

Director Compensation Table for Fiscal

Year 2021

Our employee director, Mr. David Baszucki, has not received any compensation for his service as a director for the year

ended December 31, 2021. The compensation received by Mr. Baszucki as an employee is set forth in the section titled

“Executive Compensation—Summary Compensation Table.”

The following table sets forth information regarding the compensation earned or paid to our non-employee directors

in 2021.

Name

Fees Earned or

Paid in Cash ($)

Stock

Awards ($)

(1)

All Other

Compensation ($) Total ($)

Gregory Baszucki    

Christopher Carvalho    

Anthony P. Lee

(2)

— — — —

Gina Mastantuono

(3)

   

Andrea Wong    

(1)

The amounts reported represent the aggregate grant date fair values of the RSUs awarded to the directors in the fiscal year ended

December 31, 2021, calculated in accordance with FASB ASC Topic 718. Such grant date fair values do not take into account any estimated

forfeitures related to service-based vesting conditions. The valuation assumptions used in determining such amounts are described in the

notes to Consolidated Financial Statements included in our Annual Report on Form 10-K filed on February 25, 2022. The amounts reflect the

accounting cost for the RSUs and do not correspond to the actual economic value that may be received by the directors upon vesting or

settlement of the RSUs.

(2)

Mr. Lee has waived all fees and grants associated with his service as an outside director.

(3)

Ms. Mastantuono joined our board of directors in April 2021.

27 2022 PROXY STATEMENT

DIRECTOR COMPENSATION

The following table lists all outstanding equity awards held by non-employee directors as of December 31, 2021:

Name Grant Date

Number of Shares

Underlying

Options/RSUs

(1)

Option Exercise

Price ($)

(1)

Grant Date

Fair Value Per

Restricted

Share ($)

(1)

Option/RSU Award

Expiration Date

Gregory Baszucki  

()

 — 

 

()

—  

Christopher Carvalho  

()

 — 

 

()

—  

Anthony P. Lee — — — — —

Gina Mastantuono  

()

—  

 

()

—  

Andrea Wong  

()

 — 

 

()

—  

(1)

Amounts reflect all previous forward stock splits effected prior to the Company’s direct listing.

(2)

Amount reflects shares of our Class A common stock subject to a stock option granted pursuant to the terms and conditions of our 2004

Equity Incentive Plan (the “2004 Plan”) and a stock option agreement thereunder. The shares subject to the stock option vest in 60 monthly

installments beginning on July 20, 2016. If a merger or change in control of the Company occurs before vesting, the unvested portion of the

stock option shall become immediately exercisable.

(3)

Amount reflects shares of our Class A common stock subject to a stock option granted pursuant to the terms and conditions of our 2004 Plan

and a stock option agreement thereunder. The shares subject to the stock option vest in 60 monthly installments beginning on December 15,

2015. If a merger or change in control of the Company occurs before vesting, the unvested portion of the stock option shall become

immediately exercisable.

(4)

Amount reflects shares of our Class A common stock subject to a stock option granted pursuant to the terms and conditions of our Amended

and Restated 2017 Equity Incentive Plan (the “2017 Plan”) and a stock option agreement thereunder. If a merger or change in control of the

Company occurs before vesting, the unvested portion of the stock option shall become immediately exercisable. The shares subject to the

stock option vest in 36 monthly installments beginning on September 1, 2020.

(5)

Amount reflects shares of our Class A common stock subject to an RSU granted pursuant to the terms and conditions of our 2020 Plan and

RSU agreement thereunder. If a merger or change in control of the Company occurs before vesting, the unvested portion of the RSU shall

become immediately exercisable. Each annual RSU award will vest on the day prior to the Company’s annual meeting date following such

award’s grant date, subject to the non-employee director’s continued service through the applicable vesting date.

(6)

Amount reflects shares of our Class A common stock subject to an RSU granted pursuant to the terms and conditions of our 2020 Plan

and RSU agreement thereunder. If a merger or change in control of the Company occurs before vesting, the unvested portion of the

RSU shall become immediately exercisable. The initial RSU award will vest as to one-third of the RSUs subject to such award on the first

quarterly vesting date that is on or after the one-year anniversary of such award’s grant date and as to one-third of the RSUs on each annual

anniversary thereafter subject to the non-employee director continuing to provide services to us through the applicable vesting date. A

quarterly vesting date is each of February 20, May 20, August 20 and November 20.

Toto

DIRECTOR COMPENSATION

Executive Compensation

ITEM 2:

Advisory

Vote on the

Compensation

of our Named

Executive

Officers

In accordance with the Dodd-Frank Wall Street Reform and Consumer

Protection Act of 2010 (the “Dodd-Frank Act”) and SEC rules, we are

providing our stockholders with the opportunity to vote to approve, on an

advisory or non-binding basis, the compensation of our NEOs as disclosed

pursuant to Section 14A of the Exchange Act. This proposal, commonly

known as a “Say-on-Pay” proposal, gives our stockholders the opportunity

to express their views on our NEOs’ compensation as a whole. This vote is

not intended to address any specific item of compensation or any specific

named NEO, but rather the overall compensation of all of our NEOs and

the philosophy, policies and practices described in this proxy statement.

Consistent with our recommendation below regarding the frequency of

future Say-on-Pay votes, it is anticipated that a non-binding advisory vote

on our executive compensation program will again be included in our

proxy statement next year.

The Say-on-Pay vote is advisory, and therefore is not binding on us, our

LDCC or our board of directors. The Say-on-Pay vote will, however, provide

information to us regarding investor sentiment about our executive

compensation philosophy, policies and practices, which the LDCC will

be able to consider when determining executive compensation for the

remainder of the current fiscal year and beyond. Our board of directors

and the LDCC value the opinions of our stockholders. To the extent there is

any significant vote against the compensation of our NEOs as disclosed in

this proxy statement, we will endeavor to communicate with stockholders

to better understand the concerns that influenced the vote and consider

our stockholders’ concerns, and the LDCC will evaluate whether any

actions are necessary to address those concerns.

We believe that the information provided in the section titled “Executive

Compensation,” and in particular the information discussed in the

section titled “Executive Compensation—Compensation Discussion &

Analysis—Compensation Philosophy and Objectives,” demonstrates

that our executive compensation program was designed appropriately

and is working to ensure management’s interests are aligned with our

stockholders’ interests to support long-term value creation. Accordingly,

we ask our stockholders to vote “For” the following resolution at the

Annual Meeting:

“RESOLVED, that the stockholders approve, on an advisory basis, the

compensation paid to our NEOs, as disclosed in the proxy statement for

the Annual Meeting pursuant to the compensation disclosure rules of the

SEC, including the compensation discussion and analysis, compensation

tables and narrative discussion, and other related disclosure.”

THE

BOARD OF

DIRECTORS

RECOMMENDS

A VOTE

“FOR” THE

APPROVAL, ON

AN ADVISORY

BASIS, OF THE

COMPENSATION

OF OUR NAMED

EXECUTIVE

OFFICERS

2022 PROXY STATEMENT29

Vote Required

The approval, on an advisory basis, of the compensation of our NEOs, requires the affirmative vote of a majority of

the voting power of the shares of our common stock present in person (including virtually) or by proxy at the Annual

Meeting and entitled to vote thereon to be approved. Abstentions will have the effect of a vote against this proposal,

and broker non-votes will have no effect.

As an advisory vote, the result of this proposal is non-binding. Although the vote is non-binding, our board of directors

and our LDCC value the opinions of our stockholders and will consider the outcome of the vote when making future

compensation decisions for our NEOs.

EXECUTIVE COMPENSATION

ITEM 3:

Advisory

Vote on the

Frequency

of Future

Stockholder

Advisory

Votes on the

Compensation

of Our Named

Executive

Officers

The Dodd-Frank Act and Section 14A of the Exchange Act enable our

stockholders to indicate their preference at least once every six years

regarding how frequently we should solicit a non-binding advisory vote

on the compensation of our NEOs as disclosed in our proxy statement.

Accordingly, we are asking our stockholders to indicate whether they

would prefer an advisory vote every one year, two years, or three years.

Alternatively, stockholders may abstain from casting a vote.

After considering the benefits and consequences of each alternative,

our board of directors recommends that the advisory vote on the

compensation of our NEOs be submitted to the stockholders every one

year. In formulating its recommendation, our board of directors considered

that compensation decisions are made annually and that an annual

advisory vote on the compensation of our NEOs will allow stockholders to

provide more frequent and direct input on our compensation philosophy,

policies, and practices.

Vote Required

The alternative among one year, two years, or three years that receives

the highest number of votes cast by the voting power of the shares of our

common stock present in person (including virtually) or represented by

proxy at the Annual Meeting and entitled to vote thereon will be deemed

to be the frequency preferred by our stockholders. Abstentions and broker

non-votes will have no effect on this proposal.

While our board of directors believes that its recommendation is

appropriate at this time, the stockholders are not voting to approve

or disapprove that recommendation, but are instead asked to indicate

their preference, on an advisory basis, as to whether non-binding future

stockholder advisory votes on the compensation of our NEOs should be

held every year, two years, or three years.

As an advisory vote, the result of this proposal is non-binding. Although

the vote is non-binding, our board of directors and the LDCC value the

opinions of our stockholders in this matter and, to the extent there is any

significant vote in favor of one time period over another, will consider

the outcome of this vote when making future decisions regarding

the frequency of holding future stockholder advisory votes on the

compensation of our NEOs.

THE

BOARD OF

DIRECTORS

RECOMMENDS

A VOTE TO

HOLD FUTURE

STOCKHOLDER

ADVISORY

VOTES ON THE

COMPENSATION

OF OUR NAMED

EXECUTIVE

OFFICERS EVERY

“ONE YEAR”

31 2022 PROXY STATEMENT

EXECUTIVE COMPENSATION

Compensation Discussion & Analysis

Our NEOs, consisting of our principal executive officer, principal financial officer and the next three most highly

compensated executive officers, for the year ended December 31, 2021, were:

DAVID BASZUCKI

Founder, President

and Chief Executive

Officer

MICHAEL GUTHRIE

Chief Financial

Officer

MANUEL BRONSTEIN

Chief Product

Officer

CRAIG DONATO

Chief Business

Officer

DANIEL STURMAN

Chief Technology

Officer

Executive Summary

Our mission is to connect one billion people with optimism and civility. Our executive compensation program is

designed to attract, retain and motivate our leadership team to deliver the highest level of team and individual results

while maintaining a long term focus by our NEOs and employees.

Compensation Philosophy and Objectives

To support achievement of our corporate mission, our goal is to hire the best talent. We look for values alignment

and excellence across four Pillars of Success - Innovation, Execution, Teamwork and Leadership. The objectives of

our executive compensation program are to attract, retain and incentivize highly talented individuals to deliver the

highest level of individual and team results, ensure each of our executives receives a total compensation package

that encourages long-term retention, promote fairness and consistency while paying for performance, and align

the interests of our executives with those of our stockholders. We do this by designing programs that tie executive

compensation to individual performance, overall Company performance and the interests of our stockholders.

EXECUTIVE COMPENSATION

We use the following principles to accomplish our philosophy:

Competitiveness Attracting and retaining critical talent is important to us. We operate in

a highly competitive talent market in the technology industry and our

pay programs are designed to be competitive to attract new talent to the

Company that supports our mission and culture.

Management Longevity We believe that management longevity is a key driver of long-term

value creation. Our executive compensation programs are designed to

retain our executives, including through the use of equity awards that

vest over four-years or, in the case of the Founder and CEO Long-Term

Performance Award, reward long term appreciation of our stock.

Long-Term Ownership We want our executives thinking like owners and focusing on long-term

value creation for the Company. We heavily weight our total pay package

towards equity (and in the case of our CEO, almost entirely in equity). As

discussed below, prior to our direct listing in 2021, our CEO was awarded

a long-term performance award that vests only upon achievement of

certain stock price objectives. In addition, our executive compensation

program delivered 97% of our other NEOs’ compensation, on average, in

the form of time-based equity awards in 2021.

Strong Performance

Orientation

We have a high standard for performance. We consider Company and

individual performance, criticality of position, and trajectory in sizing

our equity grants for our executive officers. The annual equity grants

we have made to our NEOs (other than our CEO) vest over four-years.

The Founder and CEO Long-Term Performance Award was granted in

lieu of other compensation for our CEO for the period from 2021 to

2027 and is eligible to vest based on our stock price performance over

multiple performance periods. The value realized from those grants and

the Founder and CEO Long-Term Performance Award is based on the

value of our stock price when (and if) the grants vest, enhancing the link

between the interests of our executives and our stockholders.

Equity awards are central to our executive compensation program that is designed to promote fairness and

consistency, maintain simplicity and provide rewards based on demonstrable performance. Equity ownership aligns

the interests of our NEOs with the interests of our stockholders by enabling them to participate in the long-term

appreciation of the value of our common stock. Additionally, equity awards provide an important tool for us to retain

our NEOs, as awards (other than the Founder and CEO Long-Term Performance Award discussed below) are subject

to vesting over a multi-year period subject to continued service with the Company. Typically, these awards vest over

four years, contingent on continued service, and the awards to our NEOs in 2021 (other than the Founder and CEO

Long-Term Performance Award) followed this practice. The majority of compensation for our executive officers is

delivered in equity, and in the case of our CEO, his compensation is comprised almost entirely in equity that vests

based on rigorous goals that if achieved would also represent significant returns for our stockholders.

33 2022 PROXY STATEMENT

EXECUTIVE COMPENSATION

2021 Performance Highlights

In 2021, we achieved several significant financial and operational results:

45.5M

DAILY ACTIVE USERS

$1.9B

GAAP REVENUE

$491.7M

GAAP NET LOSS

41.1B

HOURS ENGAGED

$2.7B

BOOKINGS*

$659.1M

GAAP OPERATING CASH FLOW

* For reconciliation of Bookings to GAAP Revenue, see section titled “Non-GAAP Financial Measures”, within Item 7. Management’s Discussion

and Analysis of Financial Condition and Results of Operations in our Annual Report on Form 10-K filed on February 25, 2022.

Compensation Practices

What We Do What We Don’t Do

% Retain 100% independent directors on the

LDCC

% Independent Compensation Advisors: The

LDCC engages an independent compensation

advisor, who provides no other services to the

Company

% A significant portion of compensation for

NEOs is at-risk (and for our CEO, almost all

compensation), and is tied to our stock price

performance

% Annual review of NEO compensation and peer

group data

% Double-trigger change in control arrangements

% Assess the risk-reward balance of our

compensation programs to mitigate undue risks

X No pension plans or supplemental retirement

plans

X No hedging or pledging of our stock by

directors or employees

X No excise tax gross-ups upon a change in

control

Compensation-Setting Process

In October 2020, in anticipation of our direct listing, our board of directors created the LDCC. The LDCC’s authority,

duties and responsibilities are further described in its charter, which is reviewed annually and revised and updated as

warranted. The charter is available at https://ir.roblox.com/governance/governance-documents/default.aspx.

EXECUTIVE COMPENSATION

Beginning in 2021, the LDCC reviews and considers decisions on base salary adjustments and refresh equity grants

for our executive officers in the first quarter of the fiscal year. This allows the LDCC to consider the prior year’s

performance when making compensation decisions and will enable total compensation decisions to be made for all

executives at the same time. As a result of the changes implemented in 2021, setting compensation for our executives

generally includes the following steps:

APPROVE

Set Current Year Pay

The LDCC, in consultation with our independent compensation consultant and our CEO review

market data from our peer companies and assesses how our NEOs are paid relative to the

market

 Our CEO and the LDCC consider the performance, criticality and trajectory of each executive

officer, internal pay equity, and competitive market data and Company performance against

strategic goals, and our CEO makes recommendations to the LDCC for salary levels and equity

grants for the upcoming year for each executive officer (other than himself).

 Considering the CEO’s recommendations and other factors described above, the LDCC

reviews and approves base salary and equity awards for the upcoming compensation year.

 Subject to the LDCC’s review from time to time, our CEO’s salary is currently set at $0 and he

does not receive any additional on-going compensation (for more detail see “Compensation

Discussion & Analysis—Elements of Executive Pay and 2021 Compensation—Base Salary”).

REVIEW EVALUATE

 The LDCC, in consultation

with Frederic W. Cook & Co.,

Inc. (“FW Cook”), engages

in a rigorous selection

of comparable peers to

inform compensation levels

and program design. The

LDCC endeavors to select

companies we compete

against for executive talent

and are similar in size, scope

and complexity.

 We also review our broader

compensation philosophy

and appropriateness of the

incentive plans to assess their

competitiveness with the

market and alignment with our

long-term strategy.

COMPENSATION

SETTING

PROCESS

 Throughout the year, we

review changes in our

business, market conditions

and the scope of our

executive officers’ roles as

well as all members of our

broader management team. If

a member of our management

team is promoted to an

executive officer level role

during the year, we will revisit

compensation for that person

in connection with their

promotion.

35 2022 PROXY STATEMENT

EXECUTIVE COMPENSATION

Roles and Responsibilities

Our compensation process is collaborative. The LDCC, its independent advisor FW Cook, other independent board

members, outside legal counsel, our management team and our CEO each provides valuable input and perspectives

that are used to make executive compensation decisions. We believe this approach allows us to leverage the diverse

experience and expertise of these groups for setting compensation levels, identifying appropriate metrics, and

determining how value should be delivered to executive officers when performance expectations are met or exceeded.

LDCC  Is responsible for our overall compensation philosophy;

 Reviews, approves, and determines, or makes recommendations to our board of directors regarding, the

compensation of our management team, including our CEO and other NEOs;

 Administers our equity compensation plans;

 Establishes and reviews general policies and plans relating to compensation and benefits of our

employees;

 Reviews and makes recommendations regarding non-employee director compensation to our full board

of directors;

 Evaluates the performance, or assists in the evaluation of the performance, of our management team,

including our CEO and other NEOs;

 Periodically reviews and discusses with our board of directors the corporate succession and development

plans for executive officers and certain key employees; and

 Oversees and evaluates the performance of the compensation consultant.

Management Our CEO

 Reviews the amount and structure of pay components for members of our management team other than

himself (salary and long-term equity incentives);

 Identifies key targets and objectives, and negotiates sign-on pay packages and employment agreements

for new members of our management team;

 Considers market data presented by our compensation consultant and internal corporate data to

determine executive officer pay recommendations for the LDCC; and

 Evaluates the performance of our management team, including our NEOs, and reviews their

performance with the LDCC when making recommendations to the LDCC.

Our human resources finance and legal teams

 Support the LDCC by providing data on market pay practices, internal labor force considerations, as well

as internal employee sentiment and engagement;

 Support the CEO with information on corporate and individual performance for NEOs and provides

recommendations on other compensation matters; and

 Present information and provide clarity on market data, but refrain from participating in

discussions or final decisions on their own pay quantum/structure

Compensation

Advisor

In December 2020, the LDCC engaged FW Cook as its independent compensation advisor. FW Cook:

 Attends meetings at the request of the LDCC, meets with the LDCC in executive session without

management, and communicates with the LDCC regarding emerging issues and other matters; and

 Reviews and provides advice relating to:

– annual and long-term incentive plans including degree to which incentive plans support business

strategies and balance risk-taking with potential reward

– peer group pay and performance comparisons

– competitiveness of key executives’ compensation

– design of other compensation and benefits programs and

– preparation of public filings related to executive compensation including CD&A and accompanying

tables and footnotes

 Does not provide any services to us other than the services provided to the LDCC and our board of

directors.

The LDCC assessed the independence of FW Cook taking into account among other things the enhanced

independence standards and factors set forth in Exchange Act Rule C- and the applicable listing

standards of the New York Stock Exchange and concluded that FW Cook is independent and there are no

conflicts of interest regarding the work that FW Cook performs for the LDCC

EXECUTIVE COMPENSATION

Competitive Market Data

The LDCC assesses the competitiveness of each element of the executive officers’ total direct compensation against

our peer group as discussed below. This is only one factor that the LDCC considers when it sets pay levels for our

NEOs.

In developing the compensation peer group, the LDCC considered a number of factors, including:

 Scale and complexity (using revenue, earnings and market capitalization);

 Competitors for executive talent;

 Geography (preference for companies with significant talent presence in the San Francisco Bay Area); and

 Company business characteristics (for example, headquarter location, comparably sized high-growth technology

companies, consumer facing technology companies, marketplace platforms, global operations, and other high

growth indicators).

2021 PEER GROUP

When determining 2021 executive compensation, our board of directors reviewed and considered the compensation

levels and practices of the below group of companies, referencing data from Radford Global Technology Survey, with

the advice of Compensia, Inc., our prior independent compensation consultant. The selection of the below peer group

was based on a criteria that includes factors such as revenue, market capitalization and industry.

2021 PEER GROUP

 Alarm.com  Etsy  Redfin  TripAdvisor

 Box  Glu Mobile  Shutterstock  Twitter

 CarGurus  Grubhub  Snap  Yelp

 Chegg  Match  Stitch Fix  Zillow

 DocuSign  Momentive

(formerly SVMK)

 Take-Two  Zynga

 Dropbox

2022 PEER GROUP

2021 was an extraordinary year that saw unprecedented growth and scale in our business. In July 2021, working with

FW Cook, we reviewed our 2021 compensation peer group to consider whether any adjustments were appropriate

in light of our increased size and complexity. In this review we added 12 new companies to our 2022 compensation

peer group (Activision Blizzard, Autodesk, Block, Crowdstrike, eBay, Electronic Arts, OKTA, Roku, ServiceNow, Splunk,

Twilio and Workday) based on the criteria noted above. We also removed 17 companies from our 2021 compensation

peer group that did not fit within the updated criteria (Alarm.com, Box, CarGurus, Chegg, Dropbox, Etsy, Glu Mobile,

Grubhub, Momentive (formerly SVMK), Redfin, Shutterstock, Stitch Fix, Trip Advisor, Take-Two, Yelp, Zillow and Zynga.

In August 2021, our LDCC approved the below peer group for making 2022 executive compensation decisions:

2022 PEER GROUP

 Activision Blizzard  DocuSign  OKTA  Splunk

 Autodesk  eBay  Roku  Twitter

 Block  Electronic Arts  ServiceNow  Twilio

 Crowdstrike  Match  Snap  Workday

While we do not establish compensation levels solely based on a review of competitive data, we believe market data

is a meaningful input to our compensation policies and practices. When making its compensation decisions, the LDCC

also considers a number of other factors, including: Company performance, each executive’s impact and criticality

to our strategy and mission, relative scope of responsibility and potential, individual performance and demonstrated

leadership, and internal pay equity considerations.

We expect to review our peer group annually to reflect changes to our size and scale.

37 2022 PROXY STATEMENT

EXECUTIVE COMPENSATION

Compensation Risk Assessment

Beginning for 2022, our management has begun to regularly assess and discuss with the LDCC our compensation

programs, policies and practices for our employees as they relate to our risk management. In this regard, we undertake

a risk review of our employee compensation programs, policies and practices (including our executive compensation

program) each year to determine whether these programs, policies and practices contain features that might create

undue risks or encourage unnecessary and excessive risk-taking that could threaten our value. Based upon this review,

we believe that any risks arising from such programs, policies and practices are not reasonably likely to have a material

adverse effect on us.

Our employees’ base salaries are fixed in amount and thus we do not believe that they encourage excessive risk-taking.

A significant proportion of the compensation provided to most of our employees involves long-term incentive

compensation in the form of equity awards that we believe are important to help further align our employees’

interests with those of our stockholders. These equity awards directly tie their expectations of compensation to

their contributions to the long-term value of our Company. We do not believe that these equity awards encourage

unnecessary or excessive risk-taking given their multi-year vesting schedules or performance periods and since their

ultimate value is tied to our stock price.

Principal Elements of Our Executive

Compensation and 2021 Compensation

Base Salary

Except as noted below for our CEO, we use base salary to provide a fixed amount of compensation for our NEOs in

exchange for their services. The LDCC recognizes the importance of base salaries for our executives other than our

CEO as an element of compensation that helps to attract and retain highly qualified executive talent, particularly in

light of the absence of a cash bonus opportunity for our executive officers.

In anticipation of our direct listing, the board of directors increased the annual base salary of our CEO from $500,000

to $800,000 in late 2020, as an acknowledgement of his critical role, experience and contributions to the Company.

The CEO’s salary was then adjusted to $0 effective March 10, 2021 in connection with the Founder and CEO Long-Term

Performance Award, which is intended to cover all direct compensation for our CEO through 2027.

2021 salaries for other NEOs were set during the third quarter of 2020. Consistent with our historical practice prior to

our direct listing, our CEO reviewed the amount and range of salary and long-term incentives, the level of seniority,

responsibilities and performance for the executives other than himself, and considered market data presented by

Compensia, as well as internal corporate data. Thereafter, our CEO recommended to our board of directors that the

2021 annual base salaries for the NEOs other than himself be adjusted as follows, and our board of directors approved

such changes:

Name 2020 Salary 2021 Salary

Percent Change

between 2020

and 2021

David Baszucki    

()



Michael Guthrie     

Daniel Sturman     

Manuel Bronstein NA

()

  NA

Craig Donato     

(1)

As noted above, Mr. Baszucki’s base salary was reduced to $0 in March 2021.

(2)

Mr. Bronstein joined the Company in April 2021.

EXECUTIVE COMPENSATION

Long-Term Incentive Compensation

We view long-term incentive compensation in the form of equity awards as a critical element of our executive

compensation program. Our equity award program is the primary vehicle used to differentiate compensation and for

offering long-term incentives to our NEOs. Our equity-based incentives have historically been granted either in the

form of stock options or RSUs. In 2020, we ceased granting stock options to our employees, including our NEOs and,

in 2021 we granted solely RSUs. Equity granted to our NEOs (other than the Founder and CEO Long-Term Performance

Award) generally vest over four years, subject to their continued service. We believe that equity awards align the

interests of our NEOs with our stockholders, provide our NEOs with incentives linked to long-term performance, and

foster an ownership mentality. In addition, the long-term vesting period of our equity awards supports retention.

Generally, we intend to grant annual equity awards that are sized to be competitive, transparent and reflect the

performance, contribution and criticality of roles in our Company. Our CEO annually reviews and considers external

market data in addition to performance of the executives and proposes equity grants to the LDCC. The LDCC exercises

its judgment and discretion, in consultation with our CEO and FW Cook, our independent compensation consultant. To

determine the size and types of equity awards that it approves, the LDCC considers, among other things, the role and

responsibility of the NEO, competitive factors, the vested and unvested value of the equity awards held by the NEO,

and the NEO’s base salary (if any).

According to our historical equity compensation program, an executive is eligible to receive a refresh equity grant

every year on the anniversary of the executive’s hire date beginning two years after the hire date. During 2021, our

NEOs (other than our CEO) received the following RSU grants.

Name

Number of Shares

of Restricted

Stock Units

Michael Guthrie 

Daniel Sturman —

Manuel Bronstein 

Craig Donato 

The 2021 equity awards for Mr. Guthrie reflects the annual refresh grants made in accordance with our historical equity

compensation program. Mr. Donato received his refresh grant on the anniversary of his hire date at the end of 2020. He

was awarded an additional grant in 2021 in recognition of his contributions to the performance of the Company during

2020. Mr. Sturman was not eligible for a refresh award in 2021.

Mr. Bronstein received his RSUs as part of his new hire package in April 2021. Mr. Bronstein’s equity award was

established after considering several factors, including (i) the requisite experience and skills that a qualified chief

product officer candidate would need to lead and manage a growing business in a dynamic and ever-changing

environment and (ii) the competitive market for superior candidates.

FOUNDER AND CEO LONG-TERM PERFORMANCE AWARD

In February 2021, the LDCC granted the Founder and CEO Long-Term Performance Award, an RSU under our 2017 Plan

to Mr. Baszucki, which would provide him the opportunity to earn a maximum number of 11,500,000 shares of our Class

A common stock. The Founder and CEO Long-Term Performance Award was approved and ratified by our board of

directors and our stockholders, including a majority of our disinterested stockholders (consisting of a majority of the

total shares of Roblox preferred and common stock not owned, directly or indirectly, by David Baszucki and Gregory

Baszucki). The Founder and CEO Long-Term Performance Award vests upon the satisfaction of a service condition and

achievement of certain stock price goals, as described below. This award was granted in lieu of other compensation for

Mr. Baszucki for the 7-year period from 2021 through 2027.

In determining the terms and conditions of the Founder and CEO Long-Term Performance Award, the LDCC in

consultation with an independent compensation consultant, considered many factors in determining whether to grant

the Founder and CEO Long-Term Performance Award and the size and terms of the award. The LDCC was intent on

establishing an award that would align Mr. Baszucki’s long-term interests with those of stockholders, would require

significant and sustained Company performance, and discourages short-term risk taking to achieve short-term

performance. The LDCC considered Mr. Baszucki’s significant ownership percentage in the Company obtained primarily

in connection with his founding of Roblox in 2004 and the amount of his ownership interests that were unvested as

of the date of the grant in its deliberations of this award. Upon review of market data for similarly situated executives

at comparable companies with an emphasis on the ownership percentage and equity value of founder chief executive

39 2022 PROXY STATEMENT

EXECUTIVE COMPENSATION

officers at the time of an initial public offering, the LDCC believed that providing meaningful incentives for Mr. Baszucki

to continue his leadership of Roblox as our Chief Executive Officer and to execute on his vision to further drive the

growth of our business was of paramount importance.

Mr. Baszucki was particularly receptive to receiving the Founder and CEO Long-Term Performance Award as he

believes that he should be rewarded only if significant long-term outperformance is delivered. The Founder and CEO

Long-Term Performance Award was a welcome commitment from the LDCC and a show of faith in his abilities to lead

Roblox into the future. Mr. Baszucki had informed our LDCC prior to the grant of the Founder and CEO Long-Term

Performance Award that one of his many goals was to use the wealth that has been created through his ownership in

Roblox as a means to promote many charitable causes in which he believes, and Mr. Baszucki had communicated his

intent to donate the net proceeds of the Founder and CEO Long-Term Performance Award for philanthropic purposes.

In awarding Mr. Baszucki the Founder and CEO Long-Term Performance Award, the LDCC intends for it to be the

exclusive direct compensation that Mr. Baszucki will receive through 2027.

The Founder and CEO Long-Term Performance Award is entirely performance-based and eligible to vest based on our

stock price performance over multiple, staggered performance periods with the first beginning on March 2, 2023, which

is two years after the effective date of the Company’s direct listing (the “Effective Date”) and ending on March 2, 2028,

which is the seventh anniversary of the Effective Date. A Company Stock Price Hurdle is only eligible to be achieved

from and after the commencement of the applicable performance period. The Founder and CEO Long-Term

Performance Award is divided into seven tranches that are eligible to vest based on the achievement of stock price

goals, each a Company Stock Price Hurdle, measured based on an average of our stock price over a consecutive

90-day trading period during the performance period as set forth below. Each Company Stock Price Hurdle represents

a significant increase to the reference price published by the New York Stock Exchange prior to our direct listing.

Company Stock Price Hurdle

Number of RSUs

Eligible to Vest

Performance Period

Commencement Dates

   March  

   March  

   March  

   March  

   March  

   March  

   March  

If our Company’s stock price over a consecutive 90-day trading period fails to reach $165.00 prior to March 2, 2028,

which is the seventh anniversary of the Effective Date, no portion of the Founder and CEO Long-Term Performance

Award will vest. Further, any Company Stock Price Hurdle not achieved by March 2, 2028 will terminate and be

cancelled for no additional consideration to Mr. Baszucki. Mr. Baszucki must remain employed by us as our Chief

Executive Officer from the Effective Date through the date a Company Stock Price Hurdle is achieved to earn the RSUs

associated with an applicable Company Stock Price Hurdle. Each vested RSU under the Founder and CEO Long-Term

Performance Award will be settled in a share of our Class A common stock on the next company quarterly vesting date

occurring on or after the date on which the RSU vests, regardless of whether Mr. Baszucki remains our Chief Executive

Officer as of such date. Company quarterly vesting dates for this purpose are February 20, May 20, August 20, and

November 20.

In the event of a change in control of Roblox before March 2, 2028, the Founder and CEO Long-Term Performance

Award may be eligible to vest in additional tranche(s) of RSUs if the per share deal price in the change in control

results in the achievement of an additional Company Stock Price Hurdle(s) that have not previously been achieved

regardless of whether the performance period for a particular Company Stock Price Hurdle has commenced. In such

case the tranche(s) of RSUs corresponding to that Company Stock Price Hurdle(s) will either vest immediately prior

to the closing of the change in control to the extent the CEO employment requirement has been satisfied and the

performance period with respect to a particular tranche had commenced prior to the date of the change in control,

or if not, will become eligible to vest following the change of control subject to Mr. Baszucki’s continuing services

(in any capacity, not just that as Chief Executive Officer) through the date the performance period with respect to a

performance period with respect to a particular tranche would have otherwise commenced, subject to any vesting

acceleration provisions set forth in the 2017 Plan or the change in control severance agreement described below

under the section titled “—Potential Payments upon Termination or Change in Control.” Additionally, in the event the

change in control price falls between a Company Stock Price Hurdle that has been achieved (either before the change

EXECUTIVE COMPENSATION

in control or as a result of the change in control) and one that has not, then a portion of that tranche of RSUs will vest

based on a linear interpolation between each of these Company Stock Price Hurdles and the service requirement that

will apply to this interpolated amount will be the date of commencement of the performance period for the immediate

next Company Stock Price Hurdle that was not achieved. The Founder and CEO Long-Term Performance Award will

terminate and be cancelled upon a change in control for any tranche of the award for which the Company Stock Price

Hurdle (or portion thereof) is not achieved.

We estimated the grant date fair value of the Founder and CEO Long-Term Performance Award using a model based on

multiple stock price paths developed through the use of a Monte Carlo simulation that incorporates into the valuation

the possibility that the Company Stock Price Hurdles may not be satisfied. One of the most judgmental assumptions

in the Monte Carlo simulation is the estimated fair value of the common stock underlying the award as discussed in

our Annual Report on Form 10-K filed on February 25, 2022 under the section titled “Common Stock Valuations.”

We estimated the expected term based on the time period from the valuation date to the end of the performance

period. The risk-free interest rate is based on the United States treasury yield curve in effect at the time of the grant for

zero-coupon U.S. Treasury notes. The expected volatility is derived from the historical stock volatility of selected peers

over a period equivalent to the expected term of the CEO Long-Term Performance Award. The weighted-average grant

date fair value of the Founder and CEO Long-Term Performance Award was estimated to be $20.35 per share, and

we estimate that we will recognize total stock-based compensation expense of approximately $234 million over the

requisite service period of each of the seven separate tranches.

Additional Compensation Practices

Perquisites and Other Personal Benefits

Our NEOs are eligible to participate in the same benefits programs offered to all employees. In addition, NEOs as well

as other senior executives entered into change in control and severance agreements with the Company.

Because of the high visibility of our Company and specific threats to Mr. Baszucki’s safety arising from his position

as our Company’s visionary, founder and CEO, the Company conducted an independent security assessment, which

identified specific risks and threats. Based on the results of this assessment, the LDCC approved the implementation of

a formal security program.

We require these security measures for the Company’s benefit because of the importance of Mr. Baszucki to Roblox,

and we believe that the scope and costs of these security programs are appropriate and necessary. The LDCC will

evaluate these security programs at least annually, including a review of security professional assessments of safety

threats and recommendations for the security programs. Under Mr. Baszucki’s overall security program, we pay for

costs related to personal security for Mr. Baszucki at his residences and during business travel, including the annual

costs of security personnel for his protection and the procurement, installation and maintenance of certain security

measures for his residences.

In addition, Mr. Baszucki uses private aircraft for business travel in connection with his overall security program.

On certain occasions, Mr. Baszucki may be accompanied by family members or guests when using private aircraft.

Although we do not consider Mr. Baszucki’s overall security program to be a perquisite for his benefit for the reasons

described above, the costs related to personal security for Mr. Baszucki at his residences and during travel pursuant

to his overall security program are reported as other compensation to Mr. Baszucki in the “All Other Compensation”

column of the “—2021 Summary Compensation Table” below. The LDCC believes that these costs are appropriate and

necessary in light of the threat landscape and the fact that Mr. Baszucki receives no annual salary or bonus payments,

and is not expected to receive any salary, bonus or equity awards, or other incentive compensation until 2027.

We maintain a tax-qualified retirement plan that provides eligible employees, including the NEOs with an opportunity

to save for retirement on a tax advantaged basis. All participants’ interests in their deferrals are 100% vested when

contributed. In 2021, we made matching contributions into the 401(k) plan of 100% of the first 3% and 50% of the next

2% of compensation contributed by the participant with a true-up at the end of the year such that if the participant

contributes 5% of his or her compensation, we will match 4%. Our matching contributions are 100% vested at the

time of the match. Contributions are allocated to each participant’s individual account and are then invested in

selected investment alternatives according to the participants’ directions. The 401(k) plan is intended to qualify under

Sections 401(a) and 501(a) of the Code. As a tax-qualified retirement plan, pre-tax contributions to the 401(k) plan and

earnings on those contributions are not taxable to the employees until distributed from the 401(k) plan.

41 2022 PROXY STATEMENT

EXECUTIVE COMPENSATION

Change in Control Severance Agreements

We have entered into a change in control severance agreement with each of our NEOs, pursuant to which our NEOs

are eligible to receive severance benefits, as specified in and subject to the terms of the change in control severance

agreement.

We believe that these protections serve our retention objectives by helping our NEOs maintain continued focus and

dedication to their responsibilities to maximize stockholder value, including in the event of a transaction that could

result in a change in control of the Company. For more information, see the section titled “Potential Payments Upon

Termination or Change in Control” beginning on page 48 of this proxy statement).

Employment Agreements

In connection with and after the listing of our Class A common stock on the NYSE, we have entered into a confirmatory

employment letter setting forth the terms and conditions of employment for each of our NEOs as described below.

DAVID BASZUCKI

We have entered into a confirmatory employment letter agreement with Mr. Baszucki. The letter agreement, as

amended, does not have a specific term and provides that Mr. Baszucki is an at-will employee. Mr. Baszucki’s 2021

annual base salary was $0.

MICHAEL GUTHRIE

We have entered into a confirmatory employment letter agreement with Mr. Guthrie. The letter agreement does

not have a specific term and provides that Mr. Guthrie is an at-will employee. Mr. Guthrie’s 2021 annual base salary

was $550,000.

MANUEL BRONSTEIN

On January 31, 2021, we entered into an offer letter with Mr. Bronstein. The letter agreement does not have a specific

term and provides that Mr. Bronstein is an at-will employee. Mr. Bronstein’s 2021 annual base salary was $550,000 and

received an initial RSU grant.

CRAIG DONATO

We have entered into a confirmatory employment letter agreement with Mr. Donato. The letter agreement does

not have a specific term and provides that Mr. Donato is an at-will employee. Mr. Donato’s 2021 annual base salary

was $550,000.

DANIEL STURMAN

We have entered into a confirmatory employment letter agreement with Mr. Sturman. The letter agreement does

not have a specific term and provides that Mr. Sturman is an at-will employee. Mr. Sturman’s 2021 annual base salary

was $550,000.

Stock Ownership Guidelines

We do not currently have a stock ownership policy for our NEOs. However, all of our NEOs own shares of the

Company’s common stock or vested, but unexercised, equity awards.

Hedging and Pledging

We have established an Insider Trading Policy, which, among other things, prohibits all of our and our subsidiaries’

employees, officers, directors, consultants and contractors from conducting short sales and engaging in transactions

in publicly-traded options (such as puts and calls) and other derivative securities relating to our Class A common

stock. This prohibition extends to any hedging or similar transaction designed to decrease the risks associated with

holding our securities. In addition, our and our subsidiaries’ employees, NEOs, directors, consultants and contractors

are prohibited from pledging any of our securities as collateral for a loan and from holding any of our securities in a

margin account.

EXECUTIVE COMPENSATION

Compensation Recovery Policies

The LDCC has not yet adopted a policy with respect to whether we will make retroactive adjustments to any cash or

equity-based incentive compensation paid to our NEOs or other employees where the payment was based on the

achievement of financial results that were subsequently revised. Our LDCC intends to adopt a general compensation

recovery policy after the SEC adopts final rules implementing the requirements of Section 954 of the Dodd-Frank Wall

Street Reform and Consumer Protection Act.

Tax and Accounting Matters

The LDCC takes the applicable tax and accounting requirements into consideration in designing and overseeing our

executive compensation program.

Generally, Section 162(m) of the Code limits the amount we may deduct from our federal income taxes for

compensation paid to our CEO and Chief Financial Officer and certain other current executive officers that are

“covered employees” within the meaning of Section 162(m) of the Code to $1 million per individual per year, subject to

certain exceptions. In approving the amount and form of compensation for our NEOs in the future, the LDCC generally

considers all elements of the cost to us of providing such compensation, including the potential impact of Section

162(m) of the Code, as well as our need to maintain flexibility in compensating executive officers in a manner designed

to promote our goals. The LDCC may authorize compensation payments that will or may not be deductible when we

believe that such payments are appropriate to attract, retain or motivate executive talent.

We do not provide, and have no obligation to provide, any executive officer, including any NEO, with a “gross-up” or

other reimbursement payment for any tax liability that he or she might owe as a result of the application of Section

280G, 4999, or 409A of the Code. If any of the payments or benefits provided for under the change of control and

severance agreements or otherwise payable to a NEO would constitute “parachute payments” within the meaning of

Section 280G of the Code and could be subject to the related excise tax, he or she would be entitled to receive either

full payment of such payments and benefits or such lesser amount that would result in no portion of the payments and

benefits being subject to the excise tax, whichever results in the greater amount of after-tax benefits to the NEO.

Report of the Leadership Development and

Compensation Committee

The Leadership Development and Compensation Committee has reviewed and discussed with management the

Compensation Discussion and Analysis provided above. Based on its review and discussions, the Leadership

Development and Compensation Committee recommended to the board of directors that the Compensation

Discussion and Analysis be included in this proxy statement and Roblox’s Annual Report on Form 10-K for the year

ended December 31, 2021.

Leadership Development and Compensation Committee

ANDREA WONG, CHAIR

CHRISTOPHER CARVALHO

ANTHONY P. LEE

GINA MASTANTUONO

43 2022 PROXY STATEMENT

EXECUTIVE COMPENSATION

Executive Compensation Tables

Summary Compensation Table for Fiscal Year 2021

Name and

Principal Position Year

Salary

($)

Bonus

($)

Stock Awards

($)

(1)

Option

Awards

($)

(2)

Non-Equity

Incentive Plan

Compensation

($)

Non-

Qualified

Deferred

Comp.

Earnings

($)

All Other

Compensation

($) Total ($)

David Baszucki

Founder

President and

ChiefExecutive

Officer









()

—





—

()

—



—





()





Michael Guthrie

Chief Financial

Officer









—

 —



—









Manuel Bronstein

Chief Product

Officer  

()

—  — — —  

Craig Donato

Chief Business

Officer









—



—



—









Daniel Sturman

Chief Technology

Officer









—



—









(1)

The amounts reported in this column represent the aggregate grant date fair value of the RSUs awarded to the NEOs in the fiscal years ended

December 31, 2020 and December 31, 2021, as applicable, calculated in accordance with FASB ASC Topic 718. In the case of RSUs, other than

performance stock units (“PSUs”), such as the CEO Long-Term Performance Award, the aggregate grant date fair value of the awards granted

after our direct listing is determined by multiplying the number of units granted by the NYSE closing price of our Class A common stock on

the grant date. Prior to the direct listing, the fair value of the shares of Class A common stock underlying the award was determined by our

board of directors along with management by considering a number of objective and subjective factors. In accordance with FASB ASC Topic

718, this amount does not take into account any estimated forfeitures related to service-vesting conditions. The valuation assumptions used

in determining the grant date fair value of the RSUs (including the PSUs) are further described in the Note 1 and Note 12 to our Consolidated

Financial Statements included in our Annual Report on Form 10-K filed with the Securities and Exchange Commission on February 25, 2022.

The amounts reflect the accounting charge for the RSUs and do not correspond to the actual economic value that may be received by the

named executive officers upon vesting or settlement of the RSUs.

(2)

The amounts reported in this column represent the aggregate grant date fair value of the stock options awarded to the NEO in the fiscal

years ended December 31, 2020 and December 31, 2021, as applicable, calculated in accordance with FASB ASC Topic 718. The aggregate

grant date fair value of share-based awards for our stock option was estimated using the Black-Scholes option pricing model. Such grant date

fair values do not take into account any estimated forfeitures related to service-vesting conditions in accordance with FASB ASC Topic 718.

The assumptions used in calculating the grant date fair value of the stock options reported in this column are further set forth in the Note

1 and Note 12 to our Consolidated Financial Statements included our Annual Report on Form 10-K filed with the Securities and Exchange

commission on February 25, 2022. The amounts reported in this column reflect the accounting charge for these stock options and do not

correspond to the actual economic value that may be received by the NEOs upon exercise of the stock options.

(3)

Mr. Baszucki’s annual salary was $800,000 until March 10, 2021.

(4)

The fair value of the CEO Long-Term Performance Award was determined using a Monte Carlo simulation model. The fair value of the

common stock underlying the award was determined by our board of directors along with management by considering a number of objective

and subjective factors. The Company estimated the expected term based on the time period from the valuation date to the end of the

performance period. The risk-free interest rate is based on the United States Treasury yield curve in effect at the time of grant for zero-coupon

U.S. Treasury notes. The expected volatility is derived from the historical stock volatility of selected peers over a period equivalent to the

expected term of the CEO Long-Term Performance Award.

(5)

The amount includes $120,872 of security expenses at his residence, as well as office and computer supplies, non-capitalized software and

licenses, non-capitalized computer equipment and materials, telephone, internet and email services of $1,107, travel related expenses of

$122,348, and matching contributions to our 401(k) plan of $5,455. Also includes $75,495 related to business travel on chartered flights.

(6)

Mr. Bronstein joined us in April 2021 at an annual salary rate of $550,000 and therefore his salary set forth in the table above was prorated for

the portion of 2021 in which he was employed by us.

Executive Compensation

EXECUTIVE COMPENSATION

Grants of Plan-Based Awards in 2021

The following table shows all plan-based awards granted to our NEOs during fiscal 2021:

Estimated Possible Payouts Under

Equity Incentive Plan Awards

(1)

Name Grant Date Threshold (#) Target (#) Maximum (#)

All Other Stock

Awards: Number

of Units

Grant Date Fair

Value of Stock

Awards ($)

(2)

David Baszucki    

()

— 

Michael Guthrie  — — — 

()



Manuel Bronstein  — — — 

()



Craig Donato  — — — 

()



Daniel Sturman

()

— — — — — —

(1)

Amounts in the “Estimated Possible Payouts Under Equity Incentive Plan Awards relate to potential payouts under the CEO Long-Term

Performance Award. The number of shares in the ”Threshold“ column represents the number of PSUs that would vest upon achievement of

the first stock price hurdle. The number of shares in the ”Target“ and ”Maximum“ columns represent the number of PSUs that would vest upon

achievement of all seven stock price hurdles. It is possible that Mr. Baszucki will realize zero compensation from this award if those stock price

targets are not met or are met after the seven-year performance period.

(2)

The amounts reported in this column represent the aggregate grant date fair value of the RSUs granted to the NEO in the fiscal year ended

December 31, 2021, calculated in accordance with FASB ASC Topic 718. Such aggregate grant date fair values do not take into account any

estimated forfeitures related to service-vesting conditions. The valuation assumptions used in determining such amounts are described in the

Notes to our Consolidated Financial Statements included in our Annual Report on Form 10-K filed with the SEC on February 25, 2022. The

amounts reported in this column reflect the accounting cost for these PSUs and RSUs, as applicable, and do not correspond to the actual

economic value that may be received by the NEOs upon the vesting or settlement of the PSU or RSUs or sale of the shares of common stock

underlying such PSUs or RSUs, as applicable. The valuation assumptions used in determining the grant date fair value of the RSUs (including

the PSUs) are further described the footnotes to the “Summary Compensation Table for Fiscal Year 2021” above.

(3)

The Long-Term Performance Award is eligible to vest based on our stock price performance over performance periods with the first beginning

March 2, 2023 and ending on March 2, 2028.

(4)

The RSUs are subject to time-based vesting, as described in the footnotes to the “Outstanding Equity Awards at Fiscal Year-End Table” below.

(5)

Mr. Sturman did not receive an equity grant in 2021.

45 2022 PROXY STATEMENT

EXECUTIVE COMPENSATION

Outstanding Equity Awards at 2021 Year-End

The following table sets forth information regarding outstanding equity incentive plan awards held by our NEOs as of

December 31, 2021:

Options Awards Stock Awards

Name Grant Date

Number of

Securities

Underlying

Unexercised

Options (#)

Exercisable

(1)

Number of

Securities

Underlying

Unexercised

Options (#)

Unexercisable

(1)

Option

Exercise

Price

($)

(2)

Option

Expiration

Date

Number

of Shares

or Units

of Stock

That

Have Not

Vested

(#)

(1)

Market

Value of

Shares or

Units of

Stock That

Have Not

Vested

($)

(3)

Number of

Unearned

Shares,

Units or

Other

Rights That

Have Not

Vested (#)

(1)

Market or

Payout Value

of Unearned

Shares, Units

or Other

Rights That

Have Not

Vested ($)

(3)

David

Baszucki



()

 —   — — — —

 

()

 

  — — — —

 

()

 

  — — — —

 

()

 

  — — — —



()

— — — — — —  

Michael

Guthrie



()

    — — — —



()

    — — — —



()

— — — —   — —

Manuel

Bronstein



()

— — — —   — —

Craig

Donato



()

    — — — —



()

    — — — —



()

— — — —   — —



()

— — — —   — —

Daniel

Sturman



()

    — — — —

(1)

Amount reflects all previous forward stock splits effected prior to our direct listing.

(2)

This column represents the fair market value of a share of our Class A common stock on the date of the grant, as determined by the

administrator of the 2004 Plan or the 2017 Plan, as applicable.

(3)

This column represents the fair market value of the shares underlying the RSUs or PSUs as of December 31, 2021, based on the closing price of

our Class A common stock, as reported on the New York Stock Exchange, of $103.16 on December 31, 2021.

(4)

Amount reflects shares of our Class A common stock subject to a stock option granted pursuant to the terms and conditions of our 2004 Plan

and a stock option agreement thereunder.

(5)

Amount reflects shares of our Class A common stock subject to a stock option granted pursuant to the terms and conditions of our 2017 Plan

and a stock option agreement thereunder. The shares subject to the stock option vest in 48 monthly installments beginning on January 1,

2018, subject to continued service to us as of each vesting date.

(6)

Amount reflects shares of our Class A common stock subject to a stock option granted pursuant to the terms and conditions of our 2017 Plan

and a stock option agreement thereunder. The shares subject to the stock option vest in 48 monthly installments beginning on January 1,

2019, subject to continued service to us as of each vesting date.

(7)

Amount reflects shares of our Class A common stock subject to a stock option granted pursuant to the terms and conditions of our 2017 Plan

and a stock option agreement thereunder. The shares subject to the stock option vest in 48 monthly installments beginning on January 1,

2020, subject to continued service to us as of each vesting date.

(8)

This award is subject to both a service condition and a performance condition as described above. See the section titled “Executive

Compensation-Founder and CEO Long-Term Performance Award” beginning on page 39 of this proxy statement for additional information,

including vesting, relating to this award.

(9)

Amount reflects shares of our Class A common stock subject to a stock option granted pursuant to the terms and conditions of our 2017 Plan

and a stock option agreement thereunder. 1/4th of the shares subject to the stock option vest on February 5, 2019, and 1/48th of the shares

vest in equal monthly installments thereafter, subject to continued service to us as of each vesting date.

(10)

Amount reflects shares of our Class A common stock subject to a stock option granted pursuant to the terms and conditions of our 2017 Plan

and a stock option agreement thereunder. 1/48th of the shares vest in equal monthly installments beginning on March 5, 2020, and thereafter,

subject to continued service to us as of each vesting date.

(11)

The RSUs vest as follows: (i) 9,375 RSUs vested on August 20, 2021, (ii) 78,750 RSUs vest in 14 equal quarterly installments through

February 20, 2025, and (iii) 1,875 RSUs vest on May 20, 2025.

(12)

The RSUs vest as follows: (i) 70,833 RSUs vested on August 20, 2021, (ii) 743,750 RSUs vest in 14 equal quarterly installments through

February 20, 2025, and (iii) 35,417 RSUs vest on May 20, 2025.

EXECUTIVE COMPENSATION

(13)

Amount reflects shares of our Class A common stock subject to a stock option granted pursuant to the terms and conditions of our 2017 Plan

and a stock option agreement thereunder. 1/48th of the shares vest in equal monthly installments beginning on December 22, 2018, subject to

continued service to us as of each vesting date.

(14)

Amount reflects shares of our Class A common stock subject to a stock option granted pursuant to the terms and conditions of our 2017 Plan

and a stock option agreement thereunder. 1/48th of the shares vest in equal monthly installments beginning on December 22, 2019, subject to

continued service to us as of each vesting date.

(15)

The RSUs vest as follows: (i) 11,917 RSUs vested on August 20, 2021, and (ii) 83,416 RSUs vest in 15 equal quarterly installments through

February 20, 2025.

(16)

The RSUs vest as follows: (i) 2,604 RSUs vested on August 20, 2021, (ii) 21,875 RSUs vest in 14 equal quarterly installments through

February 20, 2025, and (iii) 521 RSUs vest on May 20, 2025.

(17)

Amount reflects shares of our Class A common stock subject to a stock option granted pursuant to the terms and conditions of our 2017 Plan

and a stock option agreement thereunder. 1/4th of the shares subject to the stock option vest on August 31, 2021, and 1/48th of the shares

vest in equal monthly installments thereafter, subject to continued service to us as of each vesting date.

Option Exercises and Stock Vested in 2021

The following table sets forth information regarding options exercised and stock awards vested and value realized upon

vesting, by our NEOs during fiscal year 2021:

Option Awards Stock Awards

Name

Number

of Shares

Acquired on

Exercise (#)

Value Realized

on Exercise ($)

(1)

Number

of Shares

Acquired on

Vesting (#)

Value Realized

on Vesting ($)

(2)

David Baszucki — — — —

Michael Guthrie    

Manuel Bronstein — —  

Craig Donato    

Daniel Sturman   — —

(1)

The aggregate value realized upon the exercise of an option represents the difference between the aggregate market price of the shares of

our Class A common stock on the date of exercise and the aggregate exercise price of the option.

(2)

The aggregate value realized upon the vesting and settlement of an RSU represents the aggregate market price of the shares of our Class A

common stock on the date of settlement.

47 2022 PROXY STATEMENT

EXECUTIVE COMPENSATION

Potential Payments upon Termination or Change

in Control

Qualifying Termination without

Change in Control

Name

Base

Salary ($)

Cash

Bonus

($)

Value of

Accelerated

Equity

Awards ($)

(1)

Value of

Benefits ($) Total ($)

David Baszucki 

—



()





Michael Guthrie  —   

Manuel Bronstein  — 

()

 

Craig Donato  —   

Daniel Sturman  —   

(1)

The aggregate value shown for the acceleration of an option represents the difference between the closing price of our Class A common

stock, as reported on the New York Stock Exchange, of $103.16 on December 31, 2021 and the exercise price of the option, multiplied by the

number of accelerating shares. The aggregate value shown for the acceleration of an RSU is based on the closing price of our Class A common

stock, as reported on the New York Stock Exchange, of $103.16 on December 31, 2021, multiplied by the number of accelerating RSUs.

(2)

The amount of RSUs subject to the Founder and CEO Long-Term Performance Award is not included because the Company Stock Price

Hurdles were not achieved as of December 31, 2021.

(3)

Represents the value of eight months of accelerated vesting, which was the number of whole months Mr. Bronstein was employed by us as of

December 31, 2021.

Qualifying Termination with Change

in Control

Name

Base

Salary ($)

Cash

Bonus

($)

Value of

Accelerated

Equity

Awards ($)

(1)

Value of

Benefits ($) Total ($)

David Baszucki 

—



()





Michael Guthrie  —   

Manuel Bronstein  —   

Craig Donato  —   

Daniel Sturman  —   

(1)

The aggregate value shown for the acceleration of an option represents the difference between the closing price of our Class A common

stock, as reported on the New York Stock Exchange, of $103.16 on December 31, 2021 and the exercise price of the option, multiplied by

the number of accelerating shares. The aggregate value shown for the acceleration of an RSU is based on the closing price of our Class A

common stock, as reported on the New York Stock Exchange, of $103.16 on December 31, 2021, multiplied by the number of accelerating

RSUs.

(2)

The amount of RSUs subject to the Founder and CEO Long-Term Performance Award is not included because the Company Stock Price

Hurdles were not achieved as of December 31, 2021.

We have entered into a change in control severance agreement with each of our NEOs that provides for the severance

and change in control benefits as described below. Each change in control severance agreement supersedes any

prior agreement or arrangement the NEO may have had with us that provides for severance and/or change in control

payments or benefits.

Each change in control severance agreement will terminate on the date that all of the obligations of the parties to the

change in control severance agreement have been satisfied.

If a NEO’s employment is terminated outside the period beginning three months before a change in control and ending

12 months following a change in control, or the change in control period, either (i) by us (or any of our subsidiaries)

without “cause” (and other than by reason of death or disability) or (ii) by the NEO for “good reason” (as such terms

are defined in the NEO’s change in control severance agreement), the NEO will receive the following benefits if he or

she timely signs and does not revoke a release of claims in our favor:

 a lump-sum payment equal to 12 months (or, in the case of Mr. Baszucki, 18 months) of the NEO’s annual base salary as

in effect immediately prior to such termination (or if such termination is due to a resignation for good reason based on

a material reduction in base salary, then as in effect immediately prior to the reduction), or, in the case of Mr. Baszucki,

calculated based on his base salary as in effect immediately prior to the time his salary was reduced to $0;

EXECUTIVE COMPENSATION

 payment of premiums for coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended,

or COBRA, for the NEO and the NEO’s eligible dependents, if any, for up to 12 months (or, in the case of Mr. Baszucki,

18 months), or taxable monthly payments for the equivalent period in the event payment of the COBRA premiums

would violate, or be subject to an excise tax under, applicable law; and

 accelerated vesting and exercisability (as applicable) of outstanding equity awards for 12 months if the NEO has

been continuously employed by us for 12 or more months, or accelerated vesting and exercisability (as applicable)

of the outstanding equity awards for the number of months the NEO has been employed by us if the NEO has

been employed by us for 3 months or more, but less than 12 months. Such acceleration will not apply to the CEO

Long-Term Performance Award.

If, within the change in control period, the NEO’s employment is terminated either (i) by us (or any of our subsidiaries)

without cause (and other than by reason of death or disability) or (ii) by the NEO for good reason, the NEO will receive

the following benefits if the NEO timely signs and does not revoke a release of claims in our favor:

 a lump-sum payment, less applicable withholdings, equal to the sum of (x) 18 months (or, in the case of Mr. Baszucki,

24 months) of the executive’s annual base salary as in effect immediately prior to such termination (or if such

termination is due to a resignation for good reason based on a material reduction in base salary, then as in effect

immediately prior to the reduction or if greater, at the level in effect immediately prior to the change in control), or in

the case of Mr. Baszucki, calculated based on his base salary as in effect immediately prior to the time his salary was

reduced to $0, and (y) a pro-rated portion of 100% of the executive’s target annual bonus as in effect for the fiscal

year in which the termination occurs, with such pro-ration based on the number of days that have elapsed from the

start of the fiscal year in which the termination occurs and the termination date;

 payment of premiums for coverage under COBRA for the NEO and the NEO’s eligible dependents, if any, for up to

12 months (or, in the case of Mr. Baszucki, 18 months), or taxable monthly payments for the equivalent period in the

event payment of the COBRA premiums would violate, or be subject to an excise tax under, applicable law; and

 100% accelerated vesting and exercisability (as applicable) of all outstanding equity awards and, in the case of an

equity award with performance-based vesting unless otherwise specified in the applicable equity award agreement

governing such award, all performance goals and other vesting criteria generally will be deemed achieved at 100% of

target levels.

If any of the amounts provided for under these change in control severance agreements or otherwise payable to our

NEOs would constitute “parachute payments” within the meaning of Section 280G of the Code and could be subject

to the related excise tax, the NEO would be entitled to receive either full payment of benefits under his or her change

in control severance agreement or such lesser amount which would result in no portion of the benefits being subject

to the excise tax, whichever results in the greater amount of after-tax benefits to the NEO. The change in control

severance agreements do not require us to provide any tax gross-up payments.

49 2022 PROXY STATEMENT

EXECUTIVE COMPENSATION

Equity Compensation Plan Information

The following table summarizes our equity compensation plan information as of December 31, 2021. Information is

included for equity compensation plans approved by our stockholders. We do not have any equity compensation plans

not approved by our stockholders.

Plan Category

Number of Securities

to be Issued Upon

Exercise of

Outstanding Options,

Warrants and Rights

Weighted-Average

Exercise Price of

Outstanding Options,

Warrants and Rights

Number of Securities Remaining

Available for Future Issuance

Under Equity Compensation

Plans (Excluding Securities

Reflected in the First Column)

Equity compensation plans

approved by security holders

()



()



()



()

(1)

Includes the 2004 Plan, the 2017 Plan, the 2020 Plan, and the 2020 Employee Stock Purchase Plan, or the ESPP. The 2004 Plan was

terminated effective January 19, 2017, and the 2017 Plan was terminated effective March 2, 2021.

(2)

Includes 63,267,042 shares subject to stock options, 14,684,092 shares subject to RSUs, and 11,500,000 shares subject to PSUs that were

outstanding as of December 31, 2021 that were issued under the 2004 Plan, the 2017 Plan or the 2020 Plan, as applicable. The number of

shares subject to PSUs outstanding in the table above reflect shares that would be eligible to vest at 100% of target for PSUs for which the

performance achievement had not yet been determined as of December 31, 2021. This number excludes purchase rights accruing under

the ESPP.

(3)

RSUs and PSUs, which do not have an exercise price, are excluded in the calculation of weighted-average exercise price. No options were

granted during the fiscal year ended December 31, 2021.

(4)

As of December 31, 2021, an aggregate of 52,811,226 shares of Class A common stock were available for issuance under the 2020 Plan and

an aggregate of 5,809,265 shares of Class A common stock were available for issuance under the ESPP. The 2020 Plan provides that on

the first day of each year beginning on January 1, 2022, the number of shares of Class A common stock available for issuance thereunder

is automatically increased by a number equal to the least of (i) 75,000,000 shares, (ii) 5% of the outstanding shares of all classes of our

common stock as of the last day of our immediately preceding fiscal year, and (iii) such other amount as our board of directors may

determine. The 2020 ESPP provides that on the first day of each year beginning on January 1, 2022, the number of shares of Class A common

stock available for issuance thereunder is automatically increased by a number equal to the least of (i) 15,000,000 shares, (ii) 1% of the

outstanding shares of all classes of our common stock as of the last day of our immediately preceding fiscal year, and (iii) such other amount

as our board of directors may determine. On January 1, 2022, the number of shares of Class A common stock available for issuance under the

2020 Plan increased by 29,293,911 shares pursuant to this provision and the number of shares of Class A common stock available for issuance

under the 2020 ESPP increased by 5,858,782 shares. The increases are not reflected in the table above.

EXECUTIVE COMPENSATION

ITEM 4:

Ratification

of the

Independent

Registered

Public

Accounting

Firm

Our ACC has appointed Deloitte & Touche LLP, an independent registered

public accounting firm, to audit our consolidated financial statements for

our fiscal year ending December 31, 2021. Deloitte & Touche LLP has served

as our independent registered public accounting firm since 2019.

At the Annual Meeting, our stockholders are being asked to ratify the

appointment of Deloitte & Touche LLP as our independent registered

public accounting firm for our fiscal year ending December 31, 2022.

Our ACC is submitting the appointment of Deloitte & Touche LLP to our

stockholders because we value our stockholders’ views on our independent

registered public accounting firm and as a matter of good corporate

governance. Notwithstanding the appointment of Deloitte & ToucheLLP,

and even if our stockholders ratify the appointment, our ACC, in its

discretion, may appoint another independent registered public accounting

firm at any time during our fiscal year if our audit committee believes that

such a change would be in the best interests of our Company and our

stockholders. If our stockholders do not ratify the appointment of Deloitte

& Touche LLP, our board of directors may reconsider the appointment.

Representatives of Deloitte & Touche LLP will be present at the Annual

Meeting, and they will have an opportunity to make a statement and will be

available to respond to appropriate questions from our stockholders.

Vote Required

The ratification of the appointment of Deloitte & Touche LLP as our

independent registered public accounting firm for our fiscal year ending

December 31, 2022 requires the affirmative vote of a majority of the voting

power of the shares of our common stock present in person (including

virtually) or by proxy at the Annual Meeting and entitled to vote thereon.

Abstentions will have the effect of a vote against this proposal, and broker

non-votes will have no effect.

THE

BOARD OF

DIRECTORS

RECOMMENDS

A VOTE

“FOR” THE

RATIFICATION

OF THE

APPOINTMENT

OF DELOITTE

& TOUCHE

LLP AS OUR

INDEPENDENT

REGISTERED

PUBLIC

ACCOUNTING

FIRM

Executive Compensation

51 2022 PROXY STATEMENT

EXECUTIVE COMPENSATION

Report of the Audit and Compliance Committee

The Audit and Compliance Committee is a committee of our board of directors comprised solely of independent

directors as required by the listing standards of the NYSE and the rules and regulations of the Securities and Exchange

Commission (the “SEC”). The composition of the Audit and Compliance committee, the attributes of its members and

the responsibilities of the Audit and Compliance Committee, as reflected in its charter, are intended to be in accordance

with applicable requirements for corporate audit committees. With respect to Roblox’s financial reporting process,

Roblox’s management is responsible for (1) establishing and maintaining internal controls and (2) preparing Roblox’s

consolidated financial statements. Roblox’s independent registered public accounting firm, Deloitte & Touche LLP, is

responsible for performing an independent audit of Roblox’s consolidated financial statements and the effectiveness

of Roblox’s internal control over financial reporting. It is the responsibility of the audit and compliance committee

to oversee these activities. It is not the responsibility of the Audit and Compliance Committee to prepare Roblox’s

financial statements. These are the fundamental responsibilities of management. In the performance of its oversight

function, the audit and compliance committee has:

 reviewed and discussed the audited consolidated financial statements with management and Deloitte & Touche LLP;

 discussed with Deloitte & Touche the matters required to be discussed by applicable requirements of the Public

Company Accounting Oversight Board (“PCAOB”) and the SEC; and

 received the written disclosures and the letter from Deloitte & Touche LLP required by applicable requirements of

the PCAOB regarding the independent accountant’s communications with the audit and compliance committee

concerning independence and has discussed with Deloitte & Touche LLP its independence.

Based on the Audit and Compliance Committee’s review and discussions with management and Deloitte & Touche LLP,

the Audit and Compliance Committee recommended to our board of directors that the audited financial statements be

included in Roblox’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021 for filing with the SEC.

Respectfully submitted by the members of the audit and compliance committee of the board of directors:

GINA MASTANTUONO (CHAIR)

CHRISTOPHER CARVALHO

ANDREA WONG

This report of the Audit and Compliance Committee is required by the SEC and, in accordance with the SEC’s rules, will not be

deemed to be part of or incorporated by reference by any general statement incorporating by reference this proxy statement

into any filing under the Securities Act of 1933, as amended (“Securities Act”), or under the Securities Exchange Act of 1934, as

amended (the “Exchange Act”), except to the extent that we specifically incorporate this information by reference, and will not

otherwise be deemed “soliciting material” or “filed” under either the Securities Act or the Exchange Act.

Audit and Non-Audit Fees

The following table presents fees (in thousands) for professional audit services and other services rendered to our

company by Deloitte & Touche LLP for our fiscal years ended December 31, 2020 and 2021.

 

Audit Fees

()

   

Audit-Related Fees

()

— 

Tax Fees

()

 

All Other Fees

()

 

Total Fees    

(1)

Consist of fees for professional services provided in connection with the audit of our annual consolidated financial statements, reviews of our

quarterly condensed consolidated financial statements, and statutory and regulatory filings or engagements. Also includes fees for services

incurred in connection with our direct listing completed in 2021 and other nonrecurring transactions.

(2)

Consist of assurance and related services that are reasonably related to the performance of the audit or review of our financial statements and

are not included in the fees reported in the table above under “Audit Fees.” For the fiscal year ended December 31, 2021 this primarily consists

of fees for services provided in connection with preparation for compliance with Section 404 of the Sarbanes-Oxley Act of 2002 and the

comfort letter for the offering of our senior notes due 2030 issued in October 2021. No audit-related fees were incurred during fiscal 2020.

(3)

Consist of fees for professional services primarily for tax compliance, tax advice, tax planning and transfer pricing.

(4)

Consist of software subscription fees.

EXECUTIVE COMPENSATION

Pre-Approval Policies and Procedures

Our ACC has established a policy governing our use of the services of our independent registered public accounting

firm. Under this policy, our ACC is required to pre-approve all services performed by our independent registered

public accounting firm in order to ensure that the provision of such services does not impair the public accountants’

independence. All services provided by Deloitte & Touche LLP for our fiscal year ended December 31, 2020 and

December 31, 2021, respectively, were pre-approved by our ACC.

53 2022 PROXY STATEMENT

EXECUTIVE COMPENSATION

Transactions with Related Persons

Policies and Procedures for Related Person

Transactions

Our ACC has the primary responsibility for reviewing and approving or disapproving “related party transactions,”

which are transactions between us and related persons in which the aggregate amount involved exceeds or may be

expected to exceed $120,000 and in which a related person has or will have a direct or indirect material interest. Our

policy regarding transactions between us and related persons provides that a related person is defined as a director,

executive officer, nominee for director, or greater than 5% beneficial owner of our Class A common stock or Class B

common stock, in each case since the beginning of the most recently completed year, and any of their immediate

family members. Our ACC charter provides that our ACC shall review and approve or disapprove any related party

transactions.

Under this policy, all related person transactions may be consummated or continued only if approved or ratified by

our ACC. In determining whether to approve or ratify any such proposal, our ACC will take into account, among other

factors it deems appropriate, (i) whether the transaction is on terms no less favorable than terms generally available to

an unaffiliated third party and (ii) the extent of the related person’s interest in the transaction.

The policy grants standing pre-approval of certain transactions, including (i) executive compensation governed by

our standard compensation and benefits policies, (ii) director compensation arrangements governed by our standard

director compensation policies, (iii) transactions with another company at which a related person’s only relationship

is as an employee, other than an executive officer or director, or beneficial owner of less than 10% equity interest of

that company, if the aggregate amount involved does not exceed the greater of $200,000 or 2% of the recipient’s

consolidated gross revenues, (iv) charitable contributions, grants or endowments by us to a charitable organization,

foundation or university where the related person’s only relationship is as an employee, other than an executive

officer or director, if the aggregate amount involved does not exceed the lesser of $1,000,000 or 2% of the charitable

organization’s total annual receipts, (v) any transaction available to all U.S. employees generally, (vi) transactions where

a related person’s interest arises solely from the ownership of our common stock and all holders of our common stock

received the same benefit on a pro rata basis and (vii) any indemnification or advancement of expenses made pursuant

to our charter or bylaws and any agreement.

In 2021, there were no related party transactions and there are not currently any proposed related party transactions,

that would require disclosure under the SEC rules, other than as described below:

Series H Convertible Preferred

Stock Financing

In January 2021, we issued and sold an aggregate of 11,888,886 shares of our Series H convertible preferred stock

at a purchase price of $45.00 per share for aggregate gross proceeds of approximately $535.0 million. Purchasers

of our Series H convertible preferred stock include venture capital funds that beneficially own more than 5% of our

outstanding capital stock and/or are represented on our board of directors. The following table presents the number of

shares and total purchase price paid by these entities.

Investor

Shares of Series H

Convertible

Preferred Stock Total Purchase Price

Entities affiliated with Altos Ventures Management Inc

()

  

(1)

Entities affiliated with Altos Ventures which purchased shares of our Series H convertible preferred stock whose shares are aggregated for

purposes of reporting ownership include Altos Hybrid 4 GS, LLC, Altos Hybrid HG, LLC, Altos Hybrid 2 V, LLC, Altos Hybrid 2 P-FIO, LLC,

Altos Hybrid 3 B, LLC, Altos Hybrid UP, LLC, Altos Hybrid 3 W, LLC, Altos Hybrid 3 M, LLC, Altos Hybrid CC, LLC, Altos Hybrid 4, L.P. and Altos

Ventures IV Reserve Fund, L.P. Anthony P. Lee, a member of our board of directors, is the Vice President of Altos Ventures Management, Inc.

We enter into ordinary course commercial dealings with companies that we consider arms-length on terms that are

consistent with similar transactions with similar vendors. During 2021, there were no commercial transactions other

than as described below. The ACC has determined that none of our directors had or currently has any direct or indirect

material interest in the transaction described below:

Ms. Mastantuono, one of our directors, serves as the Chief Financial Officer of ServiceNow, Inc., which is a vendor. We

recognized approximately $500,000 in expenses payable to ServiceNow, Inc. in 2021.

55 2022 PROXY STATEMENT

TRANSACTIONS WITH RELATED PERSONS

Security Ownership of Certain

Beneficial Owners and

Management

The following table sets forth certain information with respect to the beneficial ownership of our common stock as of

February 28, 2022 for:

 each of our directors;

 each of our NEOs;

 all of our current directors and executive officers as a group; and

 each person or group known by us to be the beneficial owner of more than 5% of our Class A or Class B

common stock.

We have determined beneficial ownership in accordance with the rules of the SEC, and thus it represents sole or shared

voting or investment power with respect to our securities. Unless otherwise indicated below, to our knowledge, the

persons and entities named in the table have sole voting and sole investment power with respect to all shares that they

beneficially owned, subject to community property laws where applicable.

We have based percentage ownership of our common stock on 539,800,154 shares of our Class A common stock and

51,337,302 shares of our Class B common stock outstanding as of February 28, 2022. We have deemed shares of our

common stock subject to stock options that are currently exercisable or exercisable within 60 days of February 28,

2022 or issuable pursuant to RSUs which are subject to vesting and settlement conditions expected to occur within

60 days of February 28, 2022 to be outstanding and to be beneficially owned by the person holding the stock option

or RSU for the purpose of computing the percentage ownership of that person. We did not deem these shares

outstanding, however, for the purpose of computing the percentage ownership of any other person.

Unless otherwise indicated, the address of each beneficial owner is c/o Roblox Corporation, 970 Park Place, San Mateo,

California 94403. The information provided in the table is based on our records, information filed with the SEC and

information provided to us, except where otherwise noted.

Shares beneficially owned

Class A Class B†

Total Voting

%+Shares % Shares %

Named Executive Officers and Directors

David Baszucki

()

    

Daniel Sturman

()

 * — — *

Craig Donato

()

 * — — *

Michael Guthrie

()

 * — — *

Manuel Bronstein

()

 * — — *

Gina Mastantuono

()

— * — — *

Gregory Baszucki

()

  — — *

Christopher Carvalho

()

 * — — *

Anthony P Lee

()

  — — 

Andrea Wong

()

 * — — *

All executive officers and directors as group ( persons)

()

    

Greater than  Stockholders

Entities affiliated with Altos Ventures

()

  — — 

Entities affiliated with Morgan Stanley

()

  — — 

* Represents beneficial ownership of less than 1% of the outstanding shares of our common stock.

† The Class B common stock is convertible at any time by the holder into shares of Class A common stock on a share-for-share basis, such that

each holder of Class B common stock beneficially owns an equivalent number of Class A common stock.

+ Percentage of total voting power represents voting power with respect to all shares of Class A common stock and Class B common stock as

one class. Each holder of our Class A common stock is entitled to one vote per share, each holder of our Class B common stock is entitled

to 20 votes per share. Holders of our Class A common stock and Class B common stock will vote together as one class on all matters

submitted to a vote of our stockholders, except as expressly provided in our amended and restated certificate of incorporation or required by

applicable law.

(1)

Includes one share of Class A common stock held directly by Mr. Baszucki, 375,000 shares of Class A common stock and 12,773,474 shares of

Class B common stock held of record by the 2020 David Baszucki Gift Trust for which Mr. Baszucki’s spouse serves as the party who exercises

voting and investment control, 1,312,500 shares of Class A common stock and 25,790,354 shares of Class B common stock held of record

by The Freedom Revocable Trust dated February 28, 2017, as amended for which Mr. Baszucki serves as trustee and exercises voting and

investment control, 750,000 shares of Class A common stock and 12,773,474 shares of Class B common stock held of record by the 2020 Jan

Baszucki Gift Trust for which Mr. Baszucki serves as the party who exercises voting and investment control. Also includes 10,363,706 shares of

Class A common stock subject to outstanding options which are exercisable within 60 days of February 28, 2022.

(2)

Includes 88,105 shares of Class A common stock held directly by Mr. Sturman, 111,982 shares of Class A common stock held of record by Lucy

Simon LLC for which the spouse of Mr. Sturman serves as manager and exercises voting and investment control and 111,983 shares of Class

A common stock held of record Mo Red LLC for which Mr. Sturman serves as manager and exercises voting and investment control. Also

includes 112,299 shares of Class A common stock subject to outstanding options which are exercisable within 60 days of February 28, 2022.

(3)

Includes 989,036 shares of Class A common stock held directly by Mr. Donato, 45,000 shares of Class A common stock held by the Donato

Generation Skipping Trust for which Mr. Donato serves as a co-trustee and exercises voting and investment control and 40,000 shares of

Class A common stock held by Donato Family Foundation for which Mr. Donato serves as a member of the board and exercises voting and

investment control. Also includes 220,835 shares of Class A common stock subject to outstanding options which are exercisable within

60 days of February 28, 2022.

(4)

Includes 2,628 shares of Class A common stock held directly by Mr. Guthrie. Also includes 1,834,890 shares of Class A common stock subject

to outstanding options which are exercisable within 60 days of February 28, 2022.

(5)

Includes 48,767 shares of Class A common stock held directly by Mr. Bronstein.

(6)

Ms. Mastantuono joined our board of directors in April 2021. No shares of Class A common stock subject to the RSUs issued to her have

vested as of February 28, 2022 or will become issuable upon the vesting of such RSUs within 60 days of February 28, 2022.

(7)

Includes 1,319,500 shares of Class A common stock held of record by Morgan Stanley Roth IRA as custodian for the Greg Baszucki IRA,

9,913,603 shares of Class A common stock held of record by the Greg and Christina Baszucki Living Trust Agreement dated August 18, 2006,

for which Mr. Baszucki serves as trustee, 869,250 shares of Class A common stock held of record by Bessemer Trust Company of Delaware,

N.A., as trustee of the Crossbow Dynasty Trust, dated November 13, 2020 and 869,250 shares of Class A common stock held of record by

Bessemer Trust Company of Delaware, N.A., as trustee of the Morningstar Dynasty Trust, dated November 13, 2020. Mr. Baszucki exercises

voting and investment control over all of these shares. Also includes 1,168,650 shares of Class A common stock subject to outstanding options

which are exercisable within 60 days of February 28, 2022.

(8)

Includes 1,229,476 shares of Class A common stock held directly by Mr. Carvalho and 160,968 shares of Class A common stock held by the

Christopher P. Carvalho Revocable Trust UTD 10/11/2017 for which Mr. Carvalho is the trustee and exercises voting and investment control. Also

includes 116,866 shares of Class A common stock subject to outstanding options which are exercisable within 60 days of February 28, 2022.

(9)

Based solely on a Schedule 13G filed with the SEC on February 14, 2022 reporting stock ownership as of December 31, 2021, includes 16,317,319

shares of Class A common stock held of record by Altos Ventures IV, LP, 29,429,286 shares of Class A common stock held of record by Altos

Ventures IV Liquidity Fund, L.P., 19,595,485 shares of Class A common stock held of record by Altos Roblox SPV 1, LLC, 2,740,938 shares of

Class A common stock held of record by Altos Roblox SPV 2, LLC, 612,950 shares of Class A common stock held of record by Altos Ventures

IV Reserve Fund, L.P., 13,647,326 shares of Class A common stock held of record by Altos Roblox SPV 2020, LLC, 327,380 shares of Class A

common stock held of record by Altos Hybrid 2, LP, 111,112 shares of Class A common stock held of record by Altos Hybrid 4, LP (collectively,

the “Altos Funds”) and 33,330 shares of Class A common stock held of record by Altos Ventures Management, Inc. (“AVMI”). The general

57 2022 PROXY STATEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

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; and the general

partner of Altos Ventures IV Liquidity Fund, L.P., Altos Ventures IV Reserve Fund, L.P. and Altos Ventures IV, L.P. is Altos Management

Partners IV, LLC (collectively, the “General Partners”). The manager of Altos Roblox SPV 1, LLC, and Altos Roblox SPV 2, LLC is Altos Roblox

Management Partners, LLC; the manager of Altos Roblox SPV 2020, LLC is Altos Roblox 2020 Management Partners, LLC (collectively, the

Managers). The Managing Directors or Managing Members of the General Partners and the Managers of the Altos Funds and the members of

AVMI’s board of directors are Mr. Anthony P. Lee, Han J. Kim and Hodong Nam, who collectively exercise investment and voting control over

the shares held by the Altos Funds and AVMI. Mr. Lee is a member of our board of directors. The address of the Altos Funds is 2882 Sand Hill

Road, Suite 100, Menlo Park, CA 94025.

(10)

Includes 15,833 shares of Class A common stock subject to outstanding options which are exercisable within 60 days of February 28, 2022.

(11)

Includes 101,320,154 shares of Class A common stock and 51,337,302 shares of Class B common stock beneficially owned by our executive

officers and directors. Also includes 14,188,104 shares of Class A common stock subject to outstanding options which are exercisable within 60

days of February 28, 2022 and held by our executive officers and directors.

(12)

Based solely on a Schedule 13G filed with the SEC on February 10, 2022 reporting stock ownership as of December 31, 2021, consists of:

(i) 39,682,011 shares of Class A common stock held of record by Morgan Stanley, of which Morgan Stanley reported that it had shared voting

power with respect to 35,051,339 shares and had shared dispositive power with respect to 39,682,011 shares; and (ii) 38,692,390 shares of

Class A common stock held of record by Morgan Stanley Investment Management Inc., of which Morgan Stanley Investment Management Inc.

reported that it had shared voting power with respect to 34,062,966 shares and had shared dispositive power with respect to 38,692,390

shares. The address of Morgan Stanley is 1585 Broadway, New York, NY 10036 and the address of Morgan Stanley Investment Inc. is 522 5th

Avenue, 6th Floor, New York, NY 10036.

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

Questions and Answers About

the Proxy Materials and 2022

Annual Meeting

ROBLOX CORPORATION

PROXY STATEMENT

FOR 2022 ANNUAL MEETING OF STOCKHOLDERS

to be held at 8:00 a.m. Pacific Time on Thursday, May 26, 2022

This proxy statement and the enclosed form of proxy are furnished in connection with the solicitation of proxies by our

board of directors for use at the 2022 annual meeting of stockholders of Roblox Corporation, a Delaware corporation,

and any postponements, adjournments, or continuations thereof (the “Annual Meeting”). The Annual Meeting will

be held on Thursday, May 26, 2022 at 8:00 a.m. Pacific Time. The Annual Meeting will be conducted virtually via live

audio webcast. You will be able to attend the Annual Meeting virtually by visiting https://web.lumiagm.com/215721927

(password: roblox2022), where you will be able to listen to the meeting live, submit questions, and vote online. The

Notice of Internet Availability of Proxy Materials (the “Notice”) containing instructions on how to access this proxy

statement and our annual report is first being mailed on or about April 4, 2022 to all stockholders entitled to vote at

the Annual Meeting. The proxy materials and our 2021 annual report can be accessed by following the instructions in

the Notice.

The information provided in the “question and answer” format below is for your convenience only and is merely a

summary of the information contained in this proxy statement. You should read this entire proxy statement carefully.

Information contained on, or that can be accessed through, our website is not intended to be incorporated by

reference into this proxy statement and references to our website address in this proxy statement are inactive textual

references only.

WHAT MATTERS AM I VOTING ON?

You are being asked to vote on:

 the election of two Class I directors to serve until the 2025 annual meeting of stockholders and until their successors

are duly elected and qualified;

 a proposal to approve, on an advisory basis, the compensation of our named executive officers;

 a proposal to approve, on an advisory basis, the frequency of future stockholder advisory votes on the compensation

of our named executive officers;

 a proposal to ratify the appointment of Deloitte & Touche LLP as our independent registered public accounting firm

for our fiscal year ending December 31, 2022; and

 any other business as may properly come before the Annual Meeting.

HOW DOES THE BOARD OF DIRECTORS RECOMMEND I VOTE ON THESE PROPOSALS?

Our board of directors recommends a vote:

 “FOR” the election of the Class I director nominees named in this proxy statement;

 “FOR” the approval, on an advisory basis, of the compensation of our named executive officers;

 To hold future stockholder advisory votes on the compensation of our named executive officers every one year; and

 “FOR” the ratification of the appointment of Deloitte & Touche LLP as our independent registered public accounting

firm for our fiscal year ending December 31, 2022.

2022 PROXY STATEMENT59

HOW MANY VOTES ARE NEEDED FOR APPROVAL OF EACH PROPOSAL?

Proposal No. 1: Each director is elected by a plurality of the voting power of our common stock present in person

(including virtually) or represented by proxy at the Annual Meeting and entitled to vote on the election of directors.

Abstentions and broker non-votes will have no effect on the outcome of the vote. “Plurality” means that the two

nominees who receive the largest number of votes cast “for” such nominees are elected as directors. As a result, any

shares not voted “for” a particular nominee (whether as a result of a withhold vote or a broker non-vote) will not

be counted in such nominee’s favor and will have no effect on the outcome of the election. You may vote “For” or

“Withhold” on each of the nominees for election as a director.

Proposal No. 2: The approval, on an advisory basis, of the compensation of our named executive officers requires the

affirmative vote of at least a majority of the voting power of our common stock present in person (including virtually)

or represented by proxy at the Annual Meeting and entitled to vote thereon to be approved. You may vote “For,”

“Against,” or “Abstain” with respect to this proposal. Abstentions are considered shares present and entitled to vote

on this proposal, and thus, will have the same effect as a vote “Against” this proposal. Broker non-votes will have no

effect on the outcome of this proposal. Because this proposal is an advisory vote, the result will not be binding on our

board of directors or our company. Our board of directors and the LDCC will consider the outcome of the vote when

determining named executive officer compensation.

Proposal No. 3: For the approval, on an advisory basis, of the frequency of future stockholder advisory votes on the

compensation of our named executive officers, the frequency receiving the highest number of votes cast at the Annual

Meeting by stockholders entitled to vote thereon will be considered the frequency preferred by the stockholders. If

you “Abstain” from voting on this proposal, it will have no effect on the outcome. Broker non-votes also will have no

effect on the outcome of this proposal. Because this proposal is an advisory vote, the result will not be binding on our

board of directors or our company. Our board of directors and the LDCC will consider the outcome of the vote when

determining how often we should submit to stockholders an advisory vote to approve the compensation of our named

executive officers.

Proposal No. 4: The ratification of the appointment of Deloitte & Touche LLP as our independent registered public

accounting firm for our fiscal year ending December 31, 2022, requires the affirmative “For” vote of a majority of the

voting power of the shares of our common stock present in person (including virtually) or represented by proxy at the

Annual Meeting and entitled to vote thereon to be approved. Abstentions are considered shares present and entitled to

vote on this proposal, and thus, will have the same effect as a vote “Against” this proposal. Broker non-votes will have

no effect on the outcome of this proposal.

WHO IS ENTITLED TO VOTE?

Holders of our Class A and Class B common stock as of the close of business on March 28, 2022, the record date for

the Annual Meeting, may vote at the Annual Meeting. As of the record date, there were 540,638,678 shares of our Class

A common stock outstanding and 51,337,302 shares of our Class B common stock outstanding. Our Class A common

stock and Class B common stock will vote as a single class on all matters described in this proxy statement for which

your vote is being solicited. Stockholders are not permitted to cumulate votes with respect to the election of directors.

Each share of Class A common stock is entitled to one vote on each proposal and each share of Class B common stock

is entitled to 20 votes on each proposal. Our Class A common stock and Class B common stock are collectively referred

to in this proxy statement as our “common stock.”

Registered Stockholders. If shares of our common stock are registered directly in your name with our transfer agent,

American Stock Transfer & Trust Company, LLC, you are considered the stockholder of record with respect to those

shares, and the Notice was provided to you directly by us. As the stockholder of record, you have the right to grant

your voting proxy directly to the individuals listed on the proxy card or to vote live at the Annual Meeting. Throughout

this proxy statement, we refer to these registered stockholders as “stockholders of record.”

Street Name Stockholders. If shares of our common stock are held on your behalf in a brokerage account or by a bank

or other nominee, you are considered to be the beneficial owner of shares that are held in “street name,” and the Notice

was forwarded to you by your broker or nominee, who is considered the stockholder of record with respect to those

shares. As the beneficial owner, you have the right to direct your broker, bank, or other nominee as to how to vote your

shares. Beneficial owners are also invited to attend the Annual Meeting. However, since a beneficial owner is not the

stockholder of record, you may not vote your shares of our common stock live at the Annual Meeting unless you follow

your broker’s procedures for obtaining a legal proxy. If you request a printed copy of our proxy materials by mail, your

broker, bank, or other nominee will provide a voting instruction form for you to use. Throughout this proxy statement,

we refer to stockholders who hold their shares through a broker, bank, or other nominee as “street name stockholders.”

QUESTIONS AND ANSWERS ABOUT THE PROXY MATERIALS AND 2022 ANNUAL MEETING

ARE A CERTAIN NUMBER OF SHARES REQUIRED TO BE PRESENT AT THE ANNUAL MEETING?

A quorum is the minimum number of shares required to be present at the Annual Meeting to properly hold an annual

meeting of stockholders and conduct business under our amended and restated bylaws and Delaware law. The presence

in person, virtually or by proxy, of a majority of the voting power of all issued and outstanding shares of our common

stock entitled to vote at the Annual Meeting will constitute a quorum at the Annual Meeting. Abstentions, withhold votes,

and broker non-votes are counted as shares present and entitled to vote for purposes of determining a quorum.

HOW DO I VOTE?

If you are a stockholder of record, there are four ways to vote:

 by Internet prior to the Annual Meeting at www.voteproxy.com, 24 hours a day, seven days a week, until 11:59 p.m.

Eastern time on May 25, 2022 and follow the on-screen instructions (have your proxy card in hand when you visit the

website, and use the Company Number and Account Number shown to the right);

 by toll-free telephone at 1-800-PROXIES (1-800-776-9437) in the United States and Canada or 1-718-921-8500 from other

countries from any touch-tone telephone and follow the instructions, until 11:59 p.m. Eastern time on May 25, 2022 (have

your proxy card in hand when you call and use the Company Number and Account Number shown to the right);

 by completing and mailing your proxy card (if you received printed proxy materials); or

 by attending the Annual Meeting virtually by visiting https://web.lumiagm.com/215721927 (password: roblox2022),

where you may vote and submit questions during the meeting (please have your Notice and proxy card in hand when

you visit the website and use the Control Number shown to the right).

Even if you plan to attend the Annual Meeting, we recommend that you also vote by proxy so that your vote will be

counted if you later decide not to attend the Annual Meeting.

If you are a street name stockholder, you will receive voting instructions from your broker, bank, or other nominee. You

must follow the voting instructions provided by your broker, bank, or other nominee in order to direct your broker,

bank, or other nominee on how to vote your shares. Street name stockholders should generally be able to vote by

returning a voting instruction form, or by telephone or on the Internet. However, the availability of telephone and

Internet voting will depend on the voting process of your broker, bank, or other nominee. As discussed above, if you

are a street name stockholder, you may not vote your shares live at the Annual Meeting unless you obtain a legal proxy

from your broker, bank, or other nominee.

HOW MAY MY BROKERAGE FIRM OR OTHER INTERMEDIARY VOTE MY SHARES IF I FAIL TO

PROVIDE TIMELY DIRECTIONS?

Brokerage firms and other intermediaries holding shares of our common stock in street name for their customers

are generally required to vote such shares in the manner directed by their customers. In the absence of timely

directions, your broker will generally have discretion to vote your shares on our sole “routine” matter: the proposal

to ratify the appointment of Deloitte & Touche LLP as our independent registered public accounting firm for our

fiscal year ending December 31, 2022. Your broker will not have discretion to vote on any other proposals, which are

“non-routine” matters, absent direction from you (and failure to provide instructions on these matters will result in a

“broker non-vote”).

CAN I CHANGE MY VOTE?

Yes. If you are a stockholder of record, you can change your vote or revoke your proxy any time before the Annual

Meeting by:

 entering a new vote by Internet or by telephone; completing and returning a later-dated proxy card; notifying the

Corporate Secretary of Roblox Corporation, in writing, at Roblox Corporation, 970 Park Place, San Mateo, California

94403; or attending and voting at the Annual Meeting (although attendance at the Annual Meeting will not, by itself,

revoke a proxy). If you are a street name stockholder, your broker, bank, or other nominee can provide you with

instructions on how to change your vote.

WHAT DO I NEED TO DO TO ATTEND THE ANNUAL MEETING?

You will be able to attend the Annual Meeting virtually, submit your questions during the meeting and vote your shares

electronically at the meeting by visiting https://web.lumiagm.com/215721927. To participate in the Annual Meeting, you

will need the control number included on your Notice or proxy card. The Annual Meeting webcast will begin promptly

at 8:00 a.m. Pacific time. We encourage you to access the meeting prior to the start time. Online check-in will begin at

7:00 a.m. Pacific time, and you should allow ample time for the check-in procedures.

61 2022 PROXY STATEMENT

QUESTIONS AND ANSWERS ABOUT THE PROXY MATERIALS AND 2022 ANNUAL MEETING

WHAT IS THE EFFECT OF GIVING A PROXY?

Proxies are solicited by and on behalf of our board of directors. David Baszucki and Michael Guthrie have been

designated as proxy holders by our board of directors. When proxies are properly dated, executed, and returned,

the shares represented by such proxies will be voted at the Annual Meeting in accordance with the instructions of

the stockholder. If the proxy is dated and signed, but no specific instructions are given, the shares will be voted in

accordance with the recommendations of our board of directors as described above. If any matters not described in

this proxy statement are properly presented at the Annual Meeting, the proxy holders will use their own judgment to

determine how to vote the shares. If the Annual Meeting is adjourned, the proxy holders can vote the shares on the new

Annual Meeting date as well, unless you have properly revoked your proxy, as described above.

WHY DID I RECEIVE A NOTICE OF INTERNET AVAILABILITY OF PROXY MATERIALS INSTEAD OF

A FULL SET OF PROXY MATERIALS?

In accordance with the rules of the SEC, we have elected to furnish our proxy materials, including this proxy statement

and our annual report, primarily via the Internet. The Notice containing instructions on how to access our proxy

materials is first being mailed on or about April 4, 2021 to all stockholders entitled to vote at the Annual Meeting.

Stockholders may request to receive all future proxy materials in printed form by mail or electronically by e-mail by

following the instructions contained in the Notice. We encourage stockholders to take advantage of the availability

of our proxy materials on the Internet to help reduce the environmental impact and cost of our annual meetings

of stockholders.

HOW ARE PROXIES SOLICITED FOR THE ANNUAL MEETING?

Our board of directors is soliciting proxies for use at the Annual Meeting. All expenses associated with this solicitation

will be borne by us. We will reimburse brokers or other nominees for reasonable expenses that they incur in sending

our proxy materials to you if a broker, bank, or other nominee holds shares of our common stock on your behalf. In

addition, our board of directors and employees may also solicit proxies by telephone, by electronic communication, or

by other means of communication. Our board of directors and employees will not be paid any additional compensation

for soliciting proxies.

WHERE CAN I FIND THE VOTING RESULTS OF THE ANNUAL MEETING?

We will announce preliminary voting results at the Annual Meeting. We will also disclose voting results on a Current

Report on Form 8-K that we will file with the SEC within four business days after the Annual Meeting. If final voting

results are not available to us in time to file a Form 8-K within four business days after the Annual Meeting, we will file

a Form 8-K to publish preliminary results and will provide the final results in an amendment to the Form 8-K as soon as

they become available.

I SHARE AN ADDRESS WITH ANOTHER STOCKHOLDER, AND WE RECEIVED ONLY ONE PAPER

COPY OF THE PROXY MATERIALS. HOW MAY I OBTAIN AN ADDITIONAL COPY OF THE PROXY

MATERIALS?

We have adopted a procedure called “householding,” which the SEC has approved. Under this procedure, we deliver a

single copy of the Notice and, if applicable, our proxy materials, to multiple stockholders who share the same address,

unless we have received contrary instructions from one or more of such stockholders. This procedure reduces our

printing costs, mailing costs, and fees. Stockholders who participate in householding will continue to be able to access

and receive separate proxy cards. Upon written or oral request, we will deliver promptly a separate copy of the Notice

and, if applicable, our proxy materials, to any stockholder at a shared address to which we delivered a single copy of

any of these materials. To receive a separate copy, or, if a stockholder is receiving multiple copies, to request that we

only send a single copy of the Notice and, if applicable, our proxy materials, such stockholder may contact us at:

Roblox Corporation

Attention: Corporate Secretary

970 Park Place,

San Mateo, California 94403

Street name stockholders may contact their broker, bank, or other nominee to request information about householding.

QUESTIONS AND ANSWERS ABOUT THE PROXY MATERIALS AND 2022 ANNUAL MEETING

WHAT IS THE DEADLINE TO PROPOSE ACTIONS FOR CONSIDERATION AT NEXT YEAR’S ANNUAL

MEETING OF STOCKHOLDERS OR TO NOMINATE INDIVIDUALS TO SERVE AS DIRECTORS?

Stockholder Proposals

Stockholders may present proper proposals for inclusion in our proxy statement and for consideration at next year’s

annual meeting of stockholders by submitting their proposals in writing to our Corporate Secretary in a timely manner.

For a stockholder proposal to be considered for inclusion in our proxy statement for the 2023 annual meeting of

stockholders, our Corporate Secretary must receive the written proposal at our principal executive offices not later

than December 5, 2022. In addition, stockholder proposals must comply with the requirements of Rule 14a-8 regarding

the inclusion of stockholder proposals in company-sponsored proxy materials. Stockholder proposals should be

addressed to:

Roblox Corporation

Attention: Corporate Secretary

970 Park Place,

San Mateo, California 94403

Our amended and restated bylaws also establish an advance notice procedure for stockholders who wish to present

a proposal before an annual meeting of stockholders but do not intend for the proposal to be included in our proxy

statement. Our amended and restated bylaws provide that the only business that may be conducted at an annual

meeting of stockholders is business that is (i) specified in our proxy materials with respect to such annual meeting, (ii)

otherwise properly brought before such annual meeting by or at the direction of our board of directors, or (iii) properly

brought before such meeting by a stockholder of record entitled to vote at such annual meeting who has delivered

timely written notice to our Corporate Secretary, which notice must contain the information specified in our amended

and restated bylaws. To be timely for the 2023 annual meeting of stockholders, our Corporate Secretary must receive

the written notice at our principal executive offices:

 not earlier than January 26, 2023; and

 not later than February 25, 2023.

In the event that we hold the 2023 annual meeting of stockholders more than 25 days from the one-year anniversary of

the Annual Meeting, a notice of a stockholder proposal that is not intended to be included in our proxy statement must

be received by the Corporate Secretary at our principal executive offices:

 not earlier than the 120th day prior to the 2023 annual meeting of stockholders; and

 not later than the 10th day following the day on which public announcement of the date of the 2023 annual meeting

of stockholders is first made by us.

If a stockholder who has notified us of his, her, or its intention to present a proposal at an annual meeting of

stockholders does not appear to present his, her, or its proposal at such annual meeting, we are not required to present

the proposal for a vote at such annual meeting.

RECOMMENDATION OR NOMINATION OF DIRECTOR CANDIDATES

Holders of 1% of our fully diluted capitalization for at least 12 months prior to the submission of the recommendation

may recommend director candidates for consideration by our NCGC. Any such recommendations should include the

nominee’s name and qualifications for membership on our board of directors and should be directed to our Corporate

Secretary or legal department at the address set forth above. For additional information regarding stockholder

recommendations for director candidates, see the section titled “Board of Directors and Corporate Governance—

Stockholder Recommendations and Nominations to the Board of Directors.”

63 2022 PROXY STATEMENT

QUESTIONS AND ANSWERS ABOUT THE PROXY MATERIALS AND 2022 ANNUAL MEETING

In addition, our amended and restated bylaws permit stockholders to nominate directors for election at an annual

meeting of stockholders. To nominate a director, the stockholder must provide the information required by our

amended and restated bylaws. In addition, the stockholder must give timely notice to our Corporate Secretary in

accordance with our amended and restated bylaws, which, in general, require that the notice be received by our

Corporate Secretary within the time periods described above under the section titled “Stockholder Proposals” for

stockholder proposals that are not intended to be included in a proxy statement.

AVAILABILITY OF BYLAWS

A copy of our amended and restated bylaws is available via the SEC’s website at http://www.sec.gov or on our investor

relations website at http://ir.roblox.com/governance/governance-documents. You may also contact our Corporate

Secretary at the address set forth above for a copy of the relevant bylaw provisions regarding the requirements for

making stockholder proposals and nominating director candidates.

QUESTIONS AND ANSWERS ABOUT THE PROXY MATERIALS AND 2022 ANNUAL MEETING

Other Matters

Delinquent Section 16(a) Reports

Section 16(a) of the Exchange Act requires that our executive officers and directors, and persons who own more than

10% of our common stock, file reports of ownership and changes of ownership with the SEC. Such directors, executive

officers and 10% stockholders are required by SEC regulation to furnish us with copies of all Section 16(a) forms

they file.

SEC regulations require us to identify in this proxy statement anyone who filed a required report late during the most

recent fiscal year. Based solely on our review of copies of such forms that we have received, or written representations

from reporting persons, we believe that during the fiscal year ended December 31, 2021, all executive officers,

directors and greater than 10% stockholders complied with all applicable SEC filing requirements, except that, due to

administrative errors, Hodong Nam, managing director of Altos Venture Management Inc., filed two late Form 4 filings

representing seven transactions not reported on a timely basis, Anthony P. Lee filed one late Form 4 representing one

transaction not reported on a timely basis and Alto Ventures Management Inc. filed one late Form 4 representing one

transaction not reported on a timely basis.

Fiscal Year 2021 Annual Report and

SEC Filings

Our financial statements for our fiscal year ended December 31, 2021 are included in our Annual Report on Form 10-K,

which was filed with the SEC and which we will make available to stockholders at the same time as this proxy statement.

This proxy statement and our annual report are posted on our website at ir.roblox.com and are available from the SEC on

its website at www.sec.gov. You may also obtain a copy of our annual report without charge by sending a written request

to Roblox Corporation, Attention: Investor Relations, 970 Park Place, San Mateo, California 94403.

* * *

The Board of Directors does not know of any other matters to be presented at the Annual Meeting. If any additional

matters are properly presented at the Annual Meeting, the persons named in the enclosed proxy card will have discretion

to vote the shares of our common stock they represent in accordance with their own judgment on such matters.

It is important that your shares of our common stock be represented at the Annual Meeting, regardless of the number

of shares that you hold. You are, therefore, urged to vote by telephone or by using the Internet as instructed on the

enclosed proxy card or execute and return, at your earliest convenience, the enclosed proxy card in the envelope that

has also been provided.

THE BOARD OF DIRECTORS

San Mateo, California

April 4, 2022

2022 PROXY STATEMENT65

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K

(Mark One)

☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 2021

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from XXXX to XXXX

Commission file number 001-04321

ROBLOX Corporation

(Exact name of registrant as specified in its charter)

Delaware 20-0991664

(State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.)

970 Park Place, San Mateo, CA 94403

(Address of Principal Executive Offices) (Zip Code)

(888) 858-2569

Registrant’s telephone number, including area code

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered

Class A common stock, par value of

$0.0001 per share

RBLX New York Stock Exchange

Securities registered pursuant to Section 12(g) of the Act:

None

(Title of class)

Indicate by check mark if the Registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐ No ☒

Indicate by check mark if the Registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐ No ☒

Indicate by check mark whether the Registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934

during the preceding 12 months (or for such shorter period that the registrant was required to file such reports); and (2) has been subject to such filing requirements

for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the Registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of

Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Registrant was required to submit and post such

files). Yes ☒ No ☐

Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company,oran

emerging growth company. See the def initions of “large accelerated filer,” “accelerated filer”, “smaller reporting company”, and “emerging growth company” in

Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer ☐ Accelerated filer ☐

Non-accelerated f iler ☒ Smaller reporting company ☐

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any

new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the Registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal

control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that has prepared

or issued its audit report. ☐

Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes ☐ No ☒

The aggregate market value of voting and non-voting stock held by non-affiliates of the Registrant on June 30, 2021, the last business day of the Registrant’s

most recently completed second fiscal quarter (based on a closing price of $89.98 per share on June 30, 2021 as reported on the New York Stock Exchange) was

approximately $36.9 billion. Solely for purposes of this disclosure, shares of common stock held by executive officers, directors, and holders of more than 10%

of our common stock of the Registrant as of such date have been excluded in that such persons may be deemed to be affiliates. This determination of affiliate status

is not necessarily a conclusive determination for other purposes.

As of February 17, 2022, the Registrant had 536,422,071 shares of Class A common stock and 51,337,302 of Class B common stock, each with a par

value of $0.0001 per share, outstanding.

DOCUMENTS INCORPORATED BY REFERENCE

Portions of the Registrants’ definitive proxy statement relating to its 2022 annual meeting of shareholders, or the “2022 Proxy Statement”, are incorporated

by reference into Part III of this Annual Report on Form 10-K where indicated. The 2022 Proxy Statement will be filed with the U.S. Securities and Exchange

Commission within 120 days after the end of the fiscal year to which this report relates.

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W JF=<:<D9<IK?<I<N<I<8GGIFO@D8K<CPD@CC@FE<OG<I@<E:<JFE,F9CFO8E;@EK?<P<8I<E;<;

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8E;>I<NKFD@CC@FE@E

W 8@CPG8P@E>LJ<IJFE,F9CFO>I<N=IFD8GGIFO@D8K<CP@EKF8GGIFO@D8K<CP@E

8E;8GGIFO@D8K<CP@E

W "FLIJ<E>8><;FE,F9CFO>I<N=IFD9@CC@FE@EKF9@CC@FE@E8E;>I<NKF

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W (<K:8J?GIFM@;<;9PFG<I8K@E>8:K@M@K@<JN8JD@CC@FED@CC@FE8E;D@CC@FE@E

8E;I<JG<:K@M<CP

W I<<:8J?=CFNN8JD@CC@FED@CC@FE8E;D@CC@FE@E8E;I<JG<:K@M<CP

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,F9CFO@JGFN<I<;9PLJ<I><E<I8K<;:FEK<EK=IFDFLI:FDDLE@KPF=;<M<CFG<IJ8E;:I<8KFIJN?F9L@C;@DD<IJ@M<

8E;<E>8>@E><OG<I@<E:<J=FLE;FECPFE,F9CFO8JN<CC8JK?<M8JKD8AFI@KPF=K?<@K<DJ=FI:LJKFD@Q@E>8M8K8IJ/GFE

J@>E@E>LG=FI,F9CFOLJ<IJG<IJFE8C@Q<K?<@I8M8K8IJ9PJ<C<:K@E>9F;PKPG<J:CFK?<J8E;><8I/J<IJ8I<K?<E=I<<KF

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,F9LOK?IFL>?D@:IFKI8EJ8:K@FEJ@EK?<@I<OG<I@<E:<J9PJ<CC@E>M@IKL8C@K<DJ8E;K?IFL>?<E>8><D<EK98J<;I<N8I;J

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@E:FD<<E:FLI8><J;<M<CFG<IJ8E;:I<8KFIJKF@EM<JK@EDFI<8E;9<KK<I:FEK<EKK?8K8KKI8:KJDFI<LJ<IJJLJ<IJ<EAFPFLI

GC8K=FIDN@K?<8:?FK?<I8E;@EM@K<DFI<=I@<E;JKF,F9CFO;<M<CFG<IJ8E;:I<8KFIJ8KKI8:KC8I><I8L;@<E:<J8E;8I<

<E:FLI8><;KF:I<8K<<M<EDFI<'8EPLJ<IJ<M<EKL8CCP9<:FD<;<M<CFG<IJ8E;:I<8KFIJ8E;E<8ICP8CC;<M<CFG<IJ8E;

:I<8KFIJJK8IK<;8JLJ<IJ

'IF-G9FG

#EK?<P<8I<E;<;<:<D9<ID@CC@FE8M<I8></J8:IFJJFM<I:FLEKI@<J<EAFP<;<OG<I@<E:<JFE

,F9CFO8:IFJJDF9@C<;<JBKFG8E;:FEJFC<GC8K=FIDJ)LILJ<IJ8I<;@M<IJ@=@<;8:IFJJDLCK@GC<;@D<EJ@FEJ@E:CL;@E>8><

><F>I8G?PGC8K=FID8E;><E;<I8:?;8PLJ<IJ:8E<OGI<JJK?<DJ<CM<JK?IFL>?K?<@I8M8K8IJ<OGCFI<;@==<I<EKNFIC;J

8E;<E>8><N@K?FK?<IJ@EK?<,F9CFO:FDDLE@KP#EK?<P<8I<E;<;<:<D9<IK?<I<N<I<FM<I<OG<I@<E:<J

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<E>8><D<EKFIDFI<LI@E>K?<P<8I<E;<;<:<D9<ILJ<IJJG<EK9@CC@FE?FLIJ<E>8><;FEFLI*C8K=FIDFI

8E8M<I8><F=?FLIJG<I/<8:?;8P)M<IK?<J8D<G<I@F;FLILJ<IJ<OGCFI<;8E8M<I8><F=8IFLE;;@==<I<EK

<OG<I@<E:<JFEK?<,F9CFO*C8K=FIDG<IDFEK?

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 JF=P<8I<E;<;<:<D9<I

'IF9J9@CD9FG5B8F95HCFG

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:FDDLE@KPOG<I@<E:<JI<=<IKFK?<M8I@FLJK@KC<JK?8K:8E9<<EAFP<;9PFLILJ<IJFEFLI*C8K=FID/J<IJN?F:I<8K<

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1<9<C@<M<K?8KD8@EK8@E@E>GIFK<:K@E>8E;<E?8E:@E>FLII<GLK8K@FE8E;9I8E;@J:I@K@:8CKF>IFNK?<ELD9<IF=

;<M<CFG<IJ:I<8KFIJ8E;LJ<IJFEFLI*C8K=FID<JG<:@8CCP>@M<EK?<J8=<8E;:@M@C8KDFJG?<I<K?8KN<JKI@M<KF8:?@<M<=FI

FLILJ<IJD8EPF=N?FD8I<:?@C;I<E'8@EK8@E@E>GIFK<:K@E>8E;<E?8E:@E>FLI9I8E;N@CC;<G<E;C8I><CPFEFLI89@C@KP

KF:FEK@EL<KFGIFM@;<I<C@89C<?@>?HL8C@KP<E>8>@E>8E;J?8I<;<OG<I@<E:<JFEFLI*C8K=FID#=LJ<IJ;<M<CFG<IJFI

:I<8KFIJ;FEFKG<I:<@M<FLI*C8K=FIDKF9<I<C@89C<FIF=?@>?HL8C@KPK?<M8CL<F=FLI9I8E;:FLC;;@D@E@J?K?<I<9P

;<:I<8J@E>K?<8KKI8:K@M<E<JJF=FLI*C8K=FIDKFLJ<IJ

)LII<GLK8K@FE8E;9I8E;:FLC;8CJF9<E<>8K@M<CP8==<:K<;9PK?<8:K@FEJF=;<M<CFG<IJ8E;LJ<IJK?8K8I<?FJK@C<

@E8GGIFGI@8K<FI@CC<>8CN?<K?<IFEFIF==FLI*C8K=FID#E8;;@K@FELJ<IJ;<M<CFG<IJFI:I<8KFIJD8P9<:FD<;@JJ8K@J=@<;

N@K?FLI9@CC@E>FIG8PD<EKGFC@:@<JFLI?8E;C@E>F=G<IJFE8C;8K8FIFK?<I8JG<:KJF=FLI*C8K=FID#=N<=8@CKF8;<HL8K<CP

8;;I<JJK?<J<FIFK?<ILJ<I;<M<CFG<IFI:I<8KFI:FDGC8@EKJE<>8K@M<GL9C@:@KP89FLKLJFIFLI*C8K=FID:FLC;;@D@E@J?

:FE=@;<E:<@E8E;K?<LJ<F=FLI*C8K=FID'8@EK8@E@E>GIFK<:K@E>8E;<E?8E:@E>FLII<GLK8K@FE8E;9I8E;D8PI<HL@I<LJ

KFD8B<JL9JK8EK@8C@EM<JKD<EKJ8E;K?<J<@EM<JKD<EKJD8PEFK9<JL::<JJ=LC)LII<GLK8K@FE8E;9I8E;8I<8CJF@DGFIK8EK

KF8KKI8:K@E>8E;I<K8@E@E>?@>?CPHL8C@=@<;<DGCFP<<J#=N<=8@CKFJL::<JJ=LCCPGIFDFK<8E;D8@EK8@EFLII<GLK8K@FE8E;

9I8E;FI@=N<@E:LIJ@>E@=@:8EK<OG<EJ<J@EK?@J<==FIKFLI9LJ@E<JJ8E;=@E8E:@8CI<JLCKJD8P9<8;M<IJ<CP8==<:K<;



%1.5*,48/,869;.1.7<2?..7,;B9=287/8;,866>72,*=287<878>;"5*=/8;66*B27,;.*<.=1.269*,=8/*-*=*<.,>;2=B

27,2-.7=

FDDLE@:8K@FEJFEFLI*C8K=FID8I<EFK:FDGI<?<EJ@M<CP<E:IPGK<;8KK?@JK@D<JJL:?8EP;8K8J<:LI@KP@E:@;<EK

K?8K@EMFCM<JLE8LK?FI@Q<;8::<JJ8:HL@J@K@FE;@J:CFJLI<FILJ<D8P9<DFI<@DG8:K=LCKFFLI9LJ@E<JJ1<D8P

<OG<I@<E:<>I<8K<I@E:@;<EKI<JGFEJ<=FI<EJ@:J;8K8I<:FM<IPC<>8C=<<J8E;:FJKJF=EFK@=@:8K@FEI<C8K<;KF8EPJL:?

GFK<EK@8C@E:@;<EK8E;N<D8P=8:<8E@E:I<8J<;I@JBF=I<GLK8K@FE8C?8IDI<>LC8KFIP<E=FI:<D<EK8E;:FEJLD<I

C@K@>8K@FEN?@:?:FLC;=LIK?<I?8IDFLI9LJ@E<JJ=@E8E:@8C:FE;@K@FEI<JLCKJF=FG<I8K@FEJ8E;=LKLI<9LJ@E<JJ

FGGFIKLE@K@<J

(.-.9.7-878>;-.?.589.;<=8,;.*=.-202=*5,87=.7==1*=8>;><.;</27-,869.55270*7-8>;+><27.<<@255<>//.;2/@.

*;.>7*+5.=8.7=.;=*278>;><.;<269;8?.=1..A9.;2.7,.8/8>;><.;<8;9;89.;5B27,.7=2?2C.8>;-.?.589.;<*7-

,;.*=8;<=8-.?.589*7-687.=2C.,87=.7=

)LI*C8K=FID<E89C<JFLI;<M<CFG<IJKF:I<8K<<OG<I@<E:<J8E;M@IKL8C@K<DJN?@:?N<I<=<IKF8JLJ<I><E<I8K<;

:FEK<EK)LI*C8K=FIDI<C@<JFEFLI;<M<CFG<IJKF:I<8K<<OG<I@<E:<J8E;M@IKL8C@K<DJFEFLI*C8K=FID=FIFLILJ<IJKF

8:HL@I<8E;FILJ<)LILJ<IJ@EK<I8:KN@K?K?<J<<OG<I@<E:<JN?@:?8I<C8I><CP=I<<KF<E>8><N@K?.?<J<LJ<IJ:8E8CJF

<C<:KKFGLI:?8J<M@IKL8C@K<DJK?IFL>?FLIM8K8I'8IB<KGC8:<8E;@E<OG<I@<E:<JK?8K<E?8E:<K?<@I<EAFPD<EK1<

9<C@<M<K?<@EK<I8:K@FEJ9<KN<<E8E;N@K?@EK?<;<M<CFG<I:I<8KFI8E;LJ<I:FDDLE@K@<JFEFLI*C8K=FID:I<8K<8K?I@M@E>

8E;FI>8E@:<:FJPJK<D8E;K?@JE<KNFIB<==<:K;I@M<JFLI>IFNK?.F=8:@C@K8K<8E;@E:<EK@M@Q<K?<:I<8K@FEF=K?<

<OG<I@<E:<J8E;M@IKL8C@K<DJ9P;<M<CFG<IJFLI*C8K=FIDF==<IJ;<M<CFG<IJ8EFGGFIKLE@KPKF<8IE,F9LO8M@IKL8C

:LII<E:PFEFLI*C8K=FID@E:FEE<:K@FEN@K?K?<@I;<M<CFGD<EKNFIBFEFLI*C8K=FID8CK?FL>?JFD<F=FLI;<M<CFG<IJ

D8P:?FFJ<EFKKFDFE<K@Q<FID8PEFK9<<==<:K@M<8KDFE<K@Q@E>K?<@I<OG<I@<E:<J1?<EM@IKL8C@K<DJ8I<GLI:?8J<;FE

FLI*C8K=FIDK?<FI@>@E8K@E>;<M<CFG<IFI:I<8KFI<8IEJ8GFIK@FEF=K?<,F9LOG8@;=FIK?<@K<D<M<CFG<IJ8I<89C<KF

<O:?8E><K?<@I8::LDLC8K<;<8IE<;,F9LO=FII<8CNFIC;:LII<E:PLE;<I:<IK8@E:FE;@K@FEJFLKC@E<;@EFLI<M<CFG<I

O:?8E><*IF>I8D#=N<=8@CKFGIFM@;<8JL==@:@<EKI<KLIEKF;<M<CFG<IJK?<PD8P<C<:KKF;<M<CFGLJ<I><E<I8K<;:FEK<EK

FEFK?<IGC8K=FIDJN?@:?NFLC;I<JLCK@E8CFJJF=I<M<EL<#=N<;FEFKGIFM@;<K?<I@>?KK<:?EFCF>@<J<;L:8K@FEFI

=@E8E:@8C@E:<EK@M<JKFFLI;<M<CFG<IJK?<PD8P;<M<CFG=<N<I<OG<I@<E:<JFIM@IKL8C@K<DJFI9<LE89C<KFDFE<K@Q<K?<@I

<OG<I@<E:<J8E;FLILJ<IJD8P<C<:KKFEFKG8IK@:@G8K<@EK?<<OG<I@<E:<JFIGLI:?8J<K?<M@IKL8C@K<DJ8E;K?LJFLI

*C8K=FIDI<M<EL<8E;9FFB@E>J:FLC;9<8;M<IJ<CP8==<:K<;



/@..A9.;2.7,.8>=*0.<,87<=;*27=<-2<;>9=287<8;-.0;*-*=287<278>;<.;?2,.<"5*=/8;6<>998;=*7-8;

=.,1785802,*527/;*<=;>,=>;.8>;*+252=B=89;8?2-.<>//2,2.7=5B;.52*+5.<.;?2,.<=88>;,><=86.;<*7-6*27=*27=1.

9.;/8;6*7,.8/8>;"5*=/8;6,8>5-+.7.0*=2?.5B269*,=.-@12,1,8>5-1*;68>;;.5*=287<129<@2=18>;-.?.589.;<

,;.*=8;<*7-><.;<*7-,87<.:>.7=5B8>;+><27.<<

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HL@:BCPKI8M<IJ<9<KN<<E8E;N@K?@E<OG<I@<E:<J8E;8:HL@I<M@IKL8C@K<DJ=FIK?<@I8M8K8IJFIKF<E?8E:<K?<@I<OG<I@<E:<J

N?@:?;<G<E;JFEK?<:FEK@EL@E>FG<I8K@FE8E;8M8@C89@C@KPF=FLI@E=FID8K@FEK<:?EFCF>PJPJK<DJ=IFDFLI>CF98CE<KNFIB

F=;8K8:<EK<IJ:FEKIFCC<;8E;FG<I8K<;9PLJ8E;K?FJ<F=FLI<OK<IE8CJ<IM@:<GIFM@;<IJ@E:CL;@E>K?@I;G8IKPZ:CFL;[

:FDGLK@E>J<IM@:<J1<8CJFGIFM@;<J<IM@:<JKFFLI;<M<CFG<I8E;:I<8KFI:FDDLE@KPK?IFL>?FLI*C8K=FID@E:CL;@E>8

;<M<CFG<I8E;:I<8KFI?L9=FIKLKFI@8CJ?FJK@E>:LJKFD<IJ<IM@:<I<>LC8KFIP:FDGC@8E:<8E;KI8EJC8K@FE8DFE>D8EP

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@DG8:K<;9PFLK8><J;@JILGK@FEJ=8@CLI<JFI;<>I8;8K@FEJ@EFLIE<KNFIB8E;I<C8K<;@E=I8JKIL:KLI<FIK?FJ<F=FLIG8IKE<IJ

FIJ<IM@:<GIFM@;<IJ FI<O8DGC<J@E:<FLI@E:<GK@FEN<?8M<?8;8GGIFO@D8K<CPFE<FLK8><<8:?P<8IN?<EK?<*C8K=FID

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FNEFIFK?<IJ\LJ<8E;N<?8M<KI8@E<;FLI;<M<CFG<IJFE?FNKFNI@K<8;;FEGIF>I8DJLJ@E>&L8J:I@GK@E>C8E>L8><J

G8IKF=K?@JJKI8K<>PN<?8M<<E:FLI8><;K?<;<M<CFGD<EKF=8E8:K@M<:FDDLE@KPF=&L8GIF>I8DD<IJJ@D@C8IKFK?FJ<

N?@:??8M<<D<;=FIFK?<IJF=KN8I<GC8K=FIDJ.?<N@;<JGI<8;LJ<8E;GFGLC8I@KPF=FLI&L8J:I@GK@E>C8E>L8><@J

:I@K@:8CKF:I<8K@E><E>8>@E>:FEK<EKFE8E;;<D8E;=FIFLI*C8K=FID#=;<M<CFG<IJ;FEFK=@E;K?<&L8J:I@GK@E>C8E>L8><

FIFLI*C8K=FIDJ@DGC<8E;8KKI8:K@M<=FI;<M<CFG@E>:FEK<EKFI;<K<ID@E<K?8KFLI&L8J:I@GK@E>C8E>L8><FIFK?<I=<8KLI<J

F=FLI*C8K=FID8I<LE;<J@I89C<FI@E=<I@FIKFFK?<IJ:I@GK@E>C8E>L8><JFIGC8K=FIDJFI&L8J:I@GK@E>C8E>L8><9<:FD<J

LE8M8@C89C<=FILJ<9PK?<;<M<CFG<IJ=FI8EPI<8JFEK?<PD8PJ?@=KK?<@II<JFLI:<JKF;<M<CFG@E>:FEK<EKFEFK?<I

GC8K=FIDJ8E;FLI9LJ@E<JJD8P9<?8ID<;



(.;.5B876*C87(.+$.;?2,.</8;*98;=2878/8>;,58>-27/;*<=;>,=>;.27,.;=*27*;.*<*7-*<*;.<>5=*7B

-2<;>9=2878/($@8>5-7.0*=2?.5B*//.,=8>;89.;*=287<*7-<2072/2,*7=5B1*;68>;+><27.<<

1<I<CPFED8QFE1<9-<IM@:<JFI1-8K?@I;G8IKPGIFM@;<I=FI8GFIK@FEF=FLI98:B<E;J<IM@:<J@E:CL;@E>

=FIJFD<F=FLI?@>?JG<<;;8K898J<JJ:8C89C<F9A<:KJKFI8><8E;D<JJ8><HL<L@E>J<IM@:<J#E8;;@K@FEN?<E8;;@K@FE8C

:FDGLK<I<JFLI:<J8I<I<HL@I<;K?<,F9CFOCFL;:8EC<M<I8><D8QFE FICF:8K@FE98J<;JLGGFIK8I<8JN<

FLKJFLI:<:<IK8@E8JG<:KJF=K?<@E=I8JKIL:KLI<I<C8K@E>KFFLI:CFL;E8K@M<*C8K=FIDJ8I<JLCKFLIFG<I8K@FEJ;<G<E;@E

G8IKFE1-\89@C@KPKFGIFK<:KK?<@IJ<IM@:<J8>8@EJK;8D8><FI@EK<IILGK@FE;L<KF8M8I@<KPF==8:KFIJ@E:CL;@E>

@E=I8JKIL:KLI<:?8E><J?LD8EFIJF=KN8I<<IIFIJE8KLI8C;@J8JK<IJGFN<IFIK<C<:FDDLE@:8K@FEJ=8@CLI<J:I@D@E8C8:KJ

:8G8:@KP:FEJKI8@EKJ8E;J@D@C8I<M<EKJ)LI;<M<CFG<IJ:I<8KFIJ8E;LJ<IJE<<;KF9<89C<KF8::<JJFLI*C8K=FID8K8EP

K@D<N@K?FLK@EK<IILGK@FEFI;<>I8;8K@FEF=G<I=FID8E:<)LI*C8K=FID;<G<E;J@EG8IKFEK?<M@IKL8C:CFL;@E=I8JKIL:KLI<

?FJK<;@E1-CK?FL>?N<?8M<;@J8JK<II<:FM<IPGC8EJK?8KLK@C@Q<DLCK@GC<1-8M8@C89@C@KPQFE<JKFJLGGFIKFLI

I<HL@I<D<EKJ8EP@E:@;<EK8==<:K@E>K?<@I@E=I8JKIL:KLI<K?8KD8P9<:8LJ<;9P=@I<=CFF;J<M<I<JKFID<8IK?HL8B<FIFK?<I

E8KLI8C;@J8JK<IJGFN<ICFJJK<C<:FDDLE@:8K@FEJ=8@CLI<J:P9<I8KK8:BJK<IIFI@JKFIFK?<I8KK8:BJ8E;FK?<IJ@D@C8I<M<EKJ

9<PFE;FLI:FEKIFC:FLC;8;M<IJ<CP8==<:KFLI:CFL;E8K@M<*C8K=FIDEP;@JILGK@FEF=FI@EK<I=<I<E:<N@K?FLILJ<F=

1-:FLC;@DG8@IFLI89@C@KPKF;<C@M<IFLI*C8K=FIDI<C@89CPKFFLI;<M<CFG<IJ:I<8KFIJ8E;LJ<IJ

;;@K@FE8CCPK?I<8KJFI8KK8:BJ=IFD:FDGLK<ID8CN8I<I8EJFDN8I<M@ILJ<JJF:@8C<E>@E<<I@E>@E:CL;@E>G?@J?@E>

8KK8:BJ;<E@8CF=J<IM@:<FIFK?<I8KK8:BJ<DGCFP<<K?<=KFID@JLJ<8E;><E<I8C?8:B@E>?8M<F::LII<;8E;8I<9<:FD@E>

DFI<GI<M8C<EK@EFLI@E;LJKIPG8IK@:LC8ICP8>8@EJK:CFL;E8K@M<J<IM@:<J8E;M<E;FIJF=J<:LI@KPJFCLK@FEJ#=1-N<I<KF

<OG<I@<E:<8EPF=K?<J<J<:LI@KP@E:@;<EKJ@K:FLC;I<JLCK@ELE8LK?FI@Q<;8::<JJKF;8D8><KF;@J89C<D<EKFI<E:IPGK@FE

F=LJ<FID@JLJ<F=;@J:CFJLI<F=DF;@=@:8K@FEF=;<JKIL:K@FEF=FICFJJF=FLI;8K8FIFLI;<M<CFG<IJ\:I<8KFIJ\8E;

LJ<IJ\;8K8FI;@JILGKFLI89@C@KPKFGIFM@;<FLI*C8K=FIDFIJ<IM@:<GIFCFE><;1-J<IM@:<;@JILGK@FE8==<:K@E>FLI

:CFL;E8K@M<*C8K=FID=FI8EPF=K?<=FI<>F@E>I<8JFEJNFLC;8;M<IJ<CP@DG8:KFLI89@C@KPKFJ<IM<FLILJ<IJ;<M<CFG<IJ

8E;:I<8KFIJ8E;:FLC;;8D8><FLII<GLK8K@FEN@K?:LII<EK8E;GFK<EK@8CLJ<IJ;<M<CFG<IJ8E;:I<8KFIJ<OGFJ<LJKF

C@89@C@KPI<JLCK@EJL9JK8EK@8C:FJKJ=FII<D<;@8K@FE:8LJ<LJKFCFJ<LJ<IJ;<M<CFG<IJ8E;:I<8KFIJFIFK?<IN@J<?8IDFLI

9LJ@E<JJ=@E8E:@8C:FE;@K@FEFII<JLCKJF=FG<I8K@FEJ8E;LJ<IJ1<D8P8CJF@E:LIJ@>E@=@:8EK:FJKJ=FILJ@E>8CK<IE8K@M<

?FJK@E>:CFL;@E=I8JKIL:KLI<J<IM@:<JFIK8B@E>FK?<I8:K@FEJ@EGI<G8I8K@FE=FIFI@EI<8:K@FEKF<M<EKJK?8K;8D8><FI

@EK<I=<I<N@K?K?<1-J<IM@:<JN<LJ<

1<?8M<<EK<I<;@EKF8E<EK<IGI@J<8>I<<D<EKN@K?1-8E;8JLGGC<D<EK8CGI@M8K<GI@:@E>8;;<E;LDK?8KN@CC

I<D8@E@E<==<:KLEK@C(FM<D9<I#EK?<<M<EKK?8KFLI1-J<IM@:<8>I<<D<EKJ8I<K<ID@E8K<;FIK?<I<@J8C8GJ<

F=J<IM@:<<C@D@E8K@FEF=1-J<IM@:<JFI=<8KLI<JK?8KN<LK@C@Q<N<:FLC;<OG<I@<E:<@EK<IILGK@FEJ@E8::<JJKFFLI

*C8K=FID8JN<CC8JJ@>E@=@:8EK;<C8PJ8E;8;;@K@FE8C<OG<EJ<@E8II8E>@E>=FIFI:I<8K@E>E<N=8:@C@K@<JFII<8I:?@K<:K@E>

FLI*C8K=FID=FI;<GCFPD<EKFE8;@==<I<EK:CFL;@E=I8JKIL:KLI<J<IM@:<GIFM@;<IN?@:?NFLC;8;M<IJ<CP8==<:KFLI

9LJ@E<JJ=@E8E:@8C:FE;@K@FE8E;I<JLCKJF=FG<I8K@FEJ

(.6*B2-.7=2/B6*=.;2*5@.*47.<<.<8;8=1.;@2<./*25=86*27=*27*7.//.,=2?.<B<=.68/27=.;7*5,87=;85<@12,16*B

;.<>5=276*=.;2*562<<=*=.6.7=<8/8>;,87<852-*=.-/27*7,2*5<=*=.6.7=<8;,*><.><=8/*25=86..=8>;9.;28-2,

;.98;=2708+520*=287<

1<D8P;@J:FM<IN<8BE<JJ<J@EFLIJPJK<DF=@EK<IE8C=@E8E:@8C8E;8::FLEK@E>:FEKIFCJ8E;GIF:<;LI<JK?8K:FLC;

I<JLCK@E8D8K<I@8CD@JJK8K<D<EKF=FLI:FEJFC@;8K<;=@E8E:@8CJK8K<D<EKJ)LI@EK<IE8C:FEKIFCFM<I=@E8E:@8CI<GFIK@E>N@CC

EFKGI<M<EKFI;<K<:K8CC<IIFIJ8E;8CC=I8L;:FEKIFCJPJK<DEFD8KK<I?FNN<CC;<J@>E<;8E;FG<I8K<;:8EGIFM@;<FECP

I<8JFE89C<EFK89JFCLK<8JJLI8E:<K?8KK?<:FEKIFCJPJK<D\JF9A<:K@M<JN@CC9<D<K<:8LJ<F=K?<@E?<I<EKC@D@K8K@FEJ@E

8CC:FEKIFCJPJK<DJEF<M8CL8K@FEF=:FEKIFCJ:8EGIFM@;<89JFCLK<8JJLI8E:<K?8KD@JJK8K<D<EKJ;L<KF<IIFIFI=I8L;N@CC

EFKF::LIFIK?8K8CC:FEKIFC@JJL<J8E;@EJK8E:<JF==I8L;N@CC9<;<K<:K<;

#=N<8I<EFK89C<KF:FDGCPN@K?K?<I<HL@I<D<EKJF=K?<-8I98E<J)OC<P:K@E8K@D<CPD8EE<IFI@=N<8I<LE89C<

KFD8@EK8@EGIFG<I8E;<==<:K@M<@EK<IE8C:FEKIFCJFM<I=@E8E:@8CI<GFIK@E>N<D8PEFK9<89C<KFGIF;L:<K@D<CP8E;

8::LI8K<=@E8E:@8CJK8K<D<EKJ#=K?8KN<I<KF?8GG<EFLI@EM<JKFIJ:FLC;CFJ<:FE=@;<E:<@EFLII<GFIK<;=@E8E:@8C

@E=FID8K@FEK?<KI8;@E>GI@:<F=FLIC8JJ:FDDFEJKF:B:FLC;;<:C@E<8E;N<:FLC;9<JL9A<:KKFJ8E:K@FEJFI

@EM<JK@>8K@FEJ9PK?<-FIFK?<II<>LC8KFIP8LK?FI@K@<J



/@.*;.>7*+5.=86*27=*27.//.,=2?.27=.;7*5,87=;858?.;/27*7,2*5;.98;=270=1.*,,>;*,B*7-=26.527.<<8/8>;

/27*7,2*5;.98;=2706*B+.*-?.;<.5B*//.,=.-

1<8I<JL9A<:KKFK?<I<GFIK@E>I<HL@I<D<EKJF=K?<-<:LI@K@<JO:?8E><:KF=8J8D<E;<;FIK?<O:?8E><

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DF9@C<:?8EE<CJ8CK?FL>?K?<G<I:<EK8><D8P=CL:KL8K<=IFDG<I@F;KFG<I@F;



9J9@CD9F9L7<5B;9:99G

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FLI<M<CFG<IO:?8E><*IF>I8D<M<CFG<IJ8E;:I<8KFIJ:8E<8IE,F9LOK?IFL>?J8C<F=8::<JJKFK?<@I<OG<I@<E:<J8E;

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9P,F9CFO*I<D@LDJL9J:I@9<IJ

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F=FLI9LJ@E<JJKF@E:I<8J<<8IE@E>J=FIFLI;<M<CFG<IJ8E;:I<8KFIJJJL:?N<<OG<:KK?8KFLI;<M<CFG<I<O:?8E><=<<J

N@CC@E:I<8J<@E9FK?89JFCLK<;FCC8IJ8E;8J8G<I:<EK8><F=9FFB@E>JFM<IK@D<8JFLI9LJ@E<JJ>IFNJ8E;8JN<:FEK@EL<

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!B:F5GHFI7HIF95B8HFIGHG5:9HM

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I<JG<:K@M<CPJF=<:<D9<IN<?8M<;8K8:<EK<IJ8E;*F*J8IFLE;K?<NFIC;N@K?FM<IJ<IM<IJ

#E=I8JKIL:KLI<8E;KILJKJ8=<KP<OG<EJ<J8CJF@E:CL;<G<IJFEE<C:FJKJ8E;8CCF:8K<;FM<I?<8;=FI<DGCFP<<J8E;

K<8DD<D9<IJN?FJ<GI@D8IPI<JGFEJ@9@C@K@<JI<C8K<KFJLGGFIK@E>FLI@E=I8JKIL:KLI<8E;KILJKJ8=<KP@E@K@8K@M<J#EK?<

P<8I<E;<;<:<D9<IJKF:B98J<;:FDG<EJ8K@FEI<C8K<;KF@E=I8JKIL:KLI<8E;KILJKJ8=<KPN8JD@CC@FE

.?<J8D<:FJKJN<I<D@CC@FE8E;D@CC@FE@EK?<P<8IJ<E;<;<:<D9<I8E;I<JG<:K@M<CP

1<GC8EKF:FEK@EL<@E:I<8J@E>K?<:8G8:@KP8E;<E?8E:@E>K?<:8G89@C@KP8E;I<C@89@C@KPF=FLI@E=I8JKIL:KLI<KF

JLGGFIKDFI<JFG?@JK@:8K<;:FEK<EKDFI<LJ<IJ8E;@E:I<8J<;<E>8><D<EK1<<OG<:KKF@E:I<8J<K?<;FCC8I8DFLEKF=FLI

@EM<JKD<EK@E@E=I8JKIL:KLI<=FIK?<=FI<J<<89C<=LKLI<8JN<:FEK@EL<KF9L@C;FLKFLI>CF98C@E=I8JKIL:KLI<1<@EK<E;KF

8:?@<M<J:8C89@C@KP8E;FG<I8K@E>C<M<I8><@EK?<9LJ@E<JJ9P9L@C;@E>8E;D8@EK8@E@E>FLIFNEK<:?E@:8C@E=I8JKIL:KLI<8E;

<OG<:KFLI@E=I8JKIL:KLI<8E;KILJKJ8=<KP<OG<EJ<JKF@E:I<8J<@EK?<J?FIKK<ID8E;K?<E;<:I<8J<FM<IK@D<8J8

G<I:<EK8><F=9FFB@E>J8JFLI9LJ@E<JJ>IFNJGI@D8I@CPK?IFL>?C<M<I8><FE@E=I8JKIL:KLI<<OG<EJ<J8CK?FL>?K?<

G<I:<EK8><D8P=CL:KL8K<=IFDG<I@F;KFG<I@F;;<G<E;@E>FE=CL:KL8K@FEJ@EK?<K@D@E>8E;<OK<EKF=FLI@E=I8JKIL:KLI<8E;

KILJKJ8=<KP<OG<EJ<J8E;9LJ@E<JJJ<8JFE8C@KP

*9G95F7<5B889J9@CDA9BH

,<J<8I:?8E;;<M<CFGD<EK<OG<EJ<J:FEJ@JKGI@D8I@CPF=G<IJFEE<C:FJKJ8E;8CCF:8K<;FM<I?<8;=FIFLI<E>@E<<I@E>

;<J@>EGIF;L:KD8E8><D<EK;8K8J:@<E:<8E;FK?<IG<IJFEE<C<E>8><;@ED8@EK8@E@E>8E;<E?8E:@E>K?<=LE:K@FE8C@KPF=

K?<*C8K=FID1<GC8EKF@E:I<8J<I<J<8I:?8E;;<M<CFGD<EK<OG<EJ<J9FK?@E89JFCLK<;FCC8IJ8JN<CC8J8G<I:<EK8><F=

9FFB@E>J=FIK?<=FI<J<<89C<=LKLI<GI@D8I@CPFE@E:I<8J<;?<8;:FLEKKF;<M<CFGE<N=<8KLI<J=LE:K@FE8C@KP8E;

@EEFM8K@FEF=FLIGIF;L:K

9B9F5@5B858A=B=GHF5H=J9

!<E<I8C8E;8;D@E@JKI8K@M<<OG<EJ<J:FEJ@JKGI@D8I@CPF=G<IJFEE<C:FJKJ8E;8CCF:8K<;FM<I?<8;=FIFLI=@E8E:<8E;

8::FLEK@E>C<>8C?LD8EI<JFLI:<JK8C<EK8:HL@J@K@FE8E;FK?<I8;D@E@JKI8K@M<K<8DJ!<E<I8C8E;8;D@E@JKI8K@M<<OG<EJ<J

8CJF@E:CL;<GIF=<JJ@FE8CJ<IM@:<J=<<JJL:?8JFLKJ@;<C<>8C8::FLEK@E>8L;@K8E;FLKJFLI:@E>J<IM@:<J8E;FK?<I

:FIGFI8K<<OG<EJ<J1<GC8EKF@E:I<8J<><E<I8C8E;8;D@E@JKI8K@M<<OG<EJ<J9FK?@E89JFCLK<;FCC8IJ8JN<CC8J8

G<I:<EK8><F=9FFB@E>J=FIK?<=FI<J<<89C<=LKLI<KFJLGGFIKK?<>IFNK?F=K?<9LJ@E<JJ8E;;L<KF:FJKJ8JJF:@8K<;N@K?

9<@E>8GL9C@::FDG8EPJL:?8J@E:I<8J<;?<8;:FLEK<E?8E:<;JPJK<DJGIF:<JJ<J8E;:FEKIFCJ8JN<CC8J@E:I<8J<;

<OG<EJ<J@EK?<8I<8JF=@EJLI8E:<:FDGC@8E:<@EM<JKFII<C8K@FEJ8E;GIF=<JJ@FE8CJ<IM@:<J



+5@9G5B8A5F?9H=B;

-8C<J8E;D8IB<K@E><OG<EJ<J:FEJ@JKGI@D8I@CPF=LJ<I8:HL@J@K@FE<OG<EJ<J8E;G<IJFEE<C:FJKJ8E;8CCF:8K<;

FM<I?<8;=FIFLID8IB<K@E>9LJ@E<JJ;<M<CFGD<EK8E;;<M<CFG<II<C8K@FEJ=LE:K@FEJ)K?<I<OG<EJ<J@E:CL;<K?FJ<

8JJF:@8K<;N@K?D8IB<KI<J<8I:?9I8E;@E>GL9C@:I<C8K@FEJ8E;;<M<CFG<II<C8K@FEJGIF>I8DJ@E:CL;@E>FLI8EEL8C,F9CFO

<M<CFG<IFE=<I<E:<1<GC8EKF@E:I<8J<K?<J8C<J8E;D8IB<K@E><OG<EJ<J9FK?@E89JFCLK<;FCC8IJ8JN<CC8J8

G<I:<EK8><F=9FFB@E>J=FIK?<=FI<J<<89C<=LKLI<GI@D8I@CPFE@E:I<8J<;?<8;:FLEKKFJLGGFIKFLI;<M<CFG<II<C8K@FEJ8E;

9I8E;G8IKE<IJ?@GK<8DJ

!BH9F9GH!B7CA9

#EK<I<JK@E:FD<:FEJ@JKJGI@D8I@CPF=@EK<I<JK<8IE<;FEFLI:8J?:8J?<HL@M8C<EKJ8E;I<JKI@:K<;:8J?98C8E:<J

!BH9F9GHLD9BG9

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GLI:?8J<:FEM<IK@9C<GI<=<II<;JKF:BK?8KN<I<I<D<8JLI<;8KK?<<E;F=<8:?I<GFIK@E>G<I@F;JF=<:<D9<I

K?<I<N<I<EFFLKJK8E;@E>:FEM<IK@9C<GI<=<II<;JKF:BN8II8EKJ)K?<I<OG<EJ<8CJF@E:CL;<J=FI<@>E:LII<E:P<O:?8E><

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:8II@<;=FIN8I;@E;<=@E@K<CP9LK@JC@D@K<;KFF=K8O89C<@E:FD<

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.?<=FCCFN@E>K89C<JJ<K=FIK?FLII<JLCKJF=FG<I8K@FEJ=FIK?<G<I@F;JGI<J<EK<;@E;FCC8IJ8E;8J8G<I:<EK8><F=FLI

I<M<EL<@EK?FLJ8E;J<O:<GKG<IJ?8I<;8K8

195FB898979A69F

 

,<M<EL<    

FJK8E;<OG<EJ<J

FJKF=I<M<EL<



   

<M<CFG<I<O:?8E><=<<J    

#E=I8JKIL:KLI<8E;KILJKJ8=<KP



   

,<J<8I:?8E;;<M<CFGD<EK



   

!<E<I8C8E;8;D@E@JKI8K@M<



   

-8C<J8E;D8IB<K@E>



   

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&FJJ=IFDFG<I8K@FEJ    

#EK<I<JK@E:FD<    

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FEJFC@;8K<;E<KCFJJ    

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

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

   

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JKF:B?FC;<IJY98J@:8E;;@CLK<;



   

444444444444444444444444444444

 <GI<:@8K@FEF=J<IM<IJ8E;@E=I8JKIL:KLI<<HL@GD<EK@E:CL;<;@E@E=I8JKIL:KLI<8E;KILJKJ8=<KP

 #E:CL;<JJKF:B98J<;:FDG<EJ8K@FE8J=FCCFNJ

195FB898979A69F

 

#E=I8JKIL:KLI<8E;KILJKJ8=<KP    

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N<I<FLI8==@C@8K<J8E;K?<K<E;<IN8J:FDGC<K<;8K89FM<K?<K?<E=8@ID8IB<KM8CL<#E:FEE<:K@FEN@K?K?<K<E;<IF==<IN<N8@M<;8EPI@>?KJ

F==@IJKI<=LJ8CFIKI8EJ=<II<JKI@:K@FEJ8GGC@:89C<KFJL:?J?8I<J

 )LI:FEJFC@;8K<;=@E8E:@8CJK8K<D<EKJ@E:CL;<FLID8AFI@KPFNE<;JL9J@;@8IP,F9CFO?@E8"FC;@E>FIG.?<FNE<IJ?@G@EK<I<JKF=8

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 -<<(FK<Z8J@:8E;@CLK<;(<K&FJJ*<IFDDFE-?8I<[KFK?<(FK<JKFFEJFC@;8K<; @E8E:@8C-K8K<D<EKJ@E:CL;<;<CJ<N?<I<@EK?@J

EEL8C,<GFIKFE FID%=FI8E<OGC8E8K@FEF=K?<D<K?F;LJ<;KF:8C:LC8K<FLI98J@:8E;;@CLK<;E<KCFJJG<IJ?8I<8E;K?<N<@>?K<;

8M<I8><ELD9<IF=J?8I<JLJ<;@EK?<:FDGLK8K@FEF=K?<G<IJ?8I<8DFLEKJ



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G<I@F;JGI<J<EK<;8J8G<I:<EK8><F=I<M<EL<

195FB898979A69F

 

,<M<EL<  

FJK8E;<OG<EJ<J

FJKF=I<M<EL<  

<M<CFG<I<O:?8E><=<<J  

#E=I8JKIL:KLI<8E;KILJKJ8=<KP  

,<J<8I:?8E;;<M<CFGD<EK  

!<E<I8C8E;8;D@E@JKI8K@M<  

-8C<J8E;D8IB<K@E>  

.FK8C:FJK8E;<OG<EJ<J  

&FJJ=IFDFG<I8K@FEJ  

#EK<I<JK@E:FD< Y  Y 

#EK<I<JK<OG<EJ< Y  Y 

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&FJJ9<=FI<@E:FD<K8O<J  

*IFM@J@FE=FI9<E<=@K=IFD@E:FD<K8O<J Y 

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           

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           

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           

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           

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           

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           

           

           

           

.FK8C

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           

           

           

.FK8C

       

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195FB898979A69F

 

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 FIDF=C8JJ:FDDFEJKF:B:<IK@=@:8K<F=K?<I<>@JKI8EK -   $8EL8IP

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

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

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

Roblox Corporation

Copies of Roblox Corporation’s Annual Report, as well as other financial reports and news from Roblox Corporation,

may be read and downloaded from our website at ir.roblox.com. If you do not have online access, you may request

printed materials by contacting Roblox Corporation Investor Relations at: ir@roblox.com.

BOARD OF DIRECTORS

David Baszucki

Gregory Baszucki

Christopher Carvalho

Anthony P. Lee

Gina Mastantuono

Andrea Wong

MANAGEMENT TEAM

David Baszucki

Founder, President and Chief Executive Officer

Manuel Bronstein

Chief Product Officer

Craig Donato

Chief Business Officer

Michael Guthrie

Chief Financial Officer

Matt Kaufman

Chief Systems Officer

Barbara Messing

Chief Marketing & People Experience Officer

Mark Reinstra

General Counsel and Corporate Secretary

Daniel Sturman

Chief Technology Officer

STOCK EXCHANGE

Roblox Class A common stock is listed for trading on the

New York Stock Exchange under the symbol “RBLX”.

STOCK TRANSFER AGENT AND REGISTRAR OF

STOCK

American Stock Transfer & Trust Company

6201 15th Avenue, Brooklyn, New York 11219

Phone: 800.937.5449

www.astfinancial.com

Email: help@astfinancial.com

AUDITORS

Deloitte & Touche LLP

San Jose, California

CORPORATE COUNSEL

Wilson Sonsini Goodrich & Rosati, Professional Corporation

Palo Alto, California

INVESTOR RELATIONS CONTACT INFORMATION

Roblox Corporation

970 Park Place

San Mateo, California 94403

ir.roblox.com

Email: ir@roblox.com

970 Park Place

San Mateo, California 94403

ir.roblox.com