STOCK TITAN

[Form 4] Nasdaq, Inc. Insider Trading Activity

Filing Impact
(High)
Filing Sentiment
(Negative)
Form Type
4
Rhea-AI Filing Summary

Form 144 filed for Roblox Corporation (NYSE: RBLX) discloses that insider Matthew D. Kaufman intends to sell up to 6,000 common shares on or about 3 July 2025 through Charles Schwab & Co. at an aggregate market value of $615,480. The block equals roughly 0.001 % of Roblox’s 629,990,658 shares outstanding.

The shares derive from equity compensation awards—restricted stock units that vested on 20 May 2023 (4,960 shares) and 20 Aug 2023 (1,040 shares). No cash consideration was paid when the awards vested.

Kaufman has been a frequent seller. During the past three months he executed six transactions totaling 51,021 shares for approximately $4.07 million in gross proceeds (dates: 3 Apr, 5 May, 15 May, 20 May, 5 Jun, 20 Jun 2025).

Under Rule 144, insiders must aggregate sales with other affiliates and certify that they possess no undisclosed material adverse information. The filing is LIVE, indicating an imminent transaction subject to customary Rule 144 volume and manner-of-sale limits.

While the upcoming sale is immaterial to Roblox’s float, ongoing disposals by a corporate insider can be monitored by investors as a potential sentiment signal.

Il modulo 144 presentato per Roblox Corporation (NYSE: RBLX) rivela che l'insider Matthew D. Kaufman intende vendere fino a 6.000 azioni ordinarie intorno al 3 luglio 2025 tramite Charles Schwab & Co., per un valore complessivo di mercato di 615.480 $. Il blocco rappresenta circa lo 0,001% delle 629.990.658 azioni in circolazione di Roblox.

Le azioni derivano da premi di compensazione azionaria—unità azionarie vincolate che sono maturate il 20 maggio 2023 (4.960 azioni) e il 20 agosto 2023 (1.040 azioni). Non è stato versato alcun corrispettivo in contanti al momento della maturazione dei premi.

Kaufman è stato un venditore frequente. Negli ultimi tre mesi ha effettuato sei operazioni per un totale di 51.021 azioni, incassando circa 4,07 milioni di dollari lordi (date: 3 apr, 5 mag, 15 mag, 20 mag, 5 giu, 20 giu 2025).

Secondo la Regola 144, gli insider devono aggregare le vendite con altri affiliati e certificare di non possedere informazioni materiali sfavorevoli non divulgate. La segnalazione è ATTIVA, indicando una transazione imminente soggetta ai limiti usuali di volume e modalità di vendita previsti dalla Regola 144.

Pur essendo la vendita imminente irrilevante per il flottante di Roblox, le continue cessioni da parte di un insider aziendale possono essere monitorate dagli investitori come possibile segnale di sentiment.

El formulario 144 presentado para Roblox Corporation (NYSE: RBLX) revela que el insider Matthew D. Kaufman planea vender hasta 6,000 acciones ordinarias alrededor del 3 de julio de 2025 a través de Charles Schwab & Co., por un valor de mercado agregado de $615,480. El bloque equivale aproximadamente al 0.001% de las 629,990,658 acciones en circulación de Roblox.

Las acciones provienen de premios de compensación en acciones—unidades restringidas que se consolidaron el 20 de mayo de 2023 (4,960 acciones) y el 20 de agosto de 2023 (1,040 acciones). No se pagó ninguna contraprestación en efectivo cuando los premios se consolidaron.

Kaufman ha sido un vendedor frecuente. En los últimos tres meses realizó seis transacciones que totalizan 51,021 acciones, por aproximadamente $4.07 millones en ingresos brutos (fechas: 3 abr, 5 may, 15 may, 20 may, 5 jun, 20 jun 2025).

Bajo la Regla 144, los insiders deben agregar las ventas con otros afiliados y certificar que no poseen información material adversa no divulgada. La presentación está ACTIVA, indicando una transacción inminente sujeta a los límites habituales de volumen y forma de venta según la Regla 144.

Aunque la venta próxima es insignificante para el flotante de Roblox, las disposiciones continuas por parte de un insider corporativo pueden ser monitoreadas por los inversores como una posible señal de sentimiento.

Roblox Corporation (NYSE: RBLX)에 대한 Form 144 제출서에 따르면 내부자 Matthew D. Kaufman2025년 7월 3일경 Charles Schwab & Co.를 통해 최대 6,000주 보통주를 총 시장가치 약 $615,480에 매도할 예정임을 공개했습니다. 이 매도 물량은 Roblox의 총 발행 주식 629,990,658주의 약 0.001%에 해당합니다.

이 주식은 주식 보상으로 받은 제한 주식 단위로, 2023년 5월 20일(4,960주)2023년 8월 20일(1,040주)에 권리가 확정된 것입니다. 권리 확정 시 현금 대가는 지급되지 않았습니다.

Kaufman은 최근 3개월간 6회에 걸쳐 총 51,021주를 매도하여 약 의 총 수익을 올렸습니다(날짜: 2025년 4월 3일, 5월 5일, 5월 15일, 5월 20일, 6월 5일, 6월 20일).

Rule 144에 따라 내부자는 다른 관계자와 매도 물량을 합산하고 공개되지 않은 중대한 부정적 정보를 보유하지 않았음을 증명해야 합니다. 해당 제출은 실시간(LIVE) 상태로, 통상적인 Rule 144의 매도량 및 방식 제한이 적용되는 임박한 거래를 의미합니다.

이번 매도는 Roblox의 유통 주식 수에 미미한 영향만 미치지만, 기업 내부자의 지속적인 주식 처분은 투자자들에게 잠재적인 투자 심리 신호로 관찰될 수 있습니다.

Le formulaire 144 déposé pour Roblox Corporation (NYSE: RBLX) révèle que l'initié Matthew D. Kaufman prévoit de vendre jusqu'à 6 000 actions ordinaires aux alentours du 3 juillet 2025 via Charles Schwab & Co., pour une valeur de marché totale de 615 480 $. Ce bloc représente environ 0,001 % des 629 990 658 actions en circulation de Roblox.

Les actions proviennent de récompenses en actions—unités d'actions restreintes qui ont été acquises le 20 mai 2023 (4 960 actions) et le 20 août 2023 (1 040 actions). Aucune contrepartie en espèces n'a été versée lors de l'acquisition des récompenses.

Kaufman a été un vendeur régulier. Au cours des trois derniers mois, il a réalisé six transactions totalisant 51 021 actions pour environ 4,07 millions de dollars de produit brut (dates : 3 avril, 5 mai, 15 mai, 20 mai, 5 juin, 20 juin 2025).

Conformément à la règle 144, les initiés doivent agréger les ventes avec d'autres affiliés et certifier ne pas détenir d'informations matérielles défavorables non divulguées. Le dépôt est ACTIF, indiquant une transaction imminente soumise aux limites habituelles de volume et de mode de vente prévues par la règle 144.

Bien que la vente à venir soit insignifiante pour le flottant de Roblox, les cessions continues par un initié d'entreprise peuvent être surveillées par les investisseurs comme un signal potentiel de sentiment.

Das eingereichte Formular 144 für Roblox Corporation (NYSE: RBLX) offenbart, dass Insider Matthew D. Kaufman beabsichtigt, bis zu 6.000 Stammaktien etwa am 3. Juli 2025 über Charles Schwab & Co. zu verkaufen, mit einem aggregierten Marktwert von 615.480 $. Das Paket entspricht etwa 0,001% der 629.990.658 ausstehenden Aktien von Roblox.

Die Aktien stammen aus Aktienvergütungen – Restricted Stock Units, die am 20. Mai 2023 (4.960 Aktien) und 20. August 2023 (1.040 Aktien) fällig wurden. Beim Erwerb der Awards wurde keine Barvergütung gezahlt.

Kaufman war ein häufiger Verkäufer. In den letzten drei Monaten führte er sechs Transaktionen mit insgesamt 51.021 Aktien durch und erzielte dabei brutto etwa 4,07 Millionen $ (Termine: 3. Apr, 5. Mai, 15. Mai, 20. Mai, 5. Juni, 20. Juni 2025).

Nach Regel 144 müssen Insider Verkäufe mit anderen verbundenen Personen zusammenfassen und bestätigen, dass sie keine nicht offengelegten wesentlichen negativen Informationen besitzen. Die Meldung ist AKTIV, was auf eine bevorstehende Transaktion hinweist, die den üblichen Volumen- und Verkaufsmodalitätsbeschränkungen der Regel 144 unterliegt.

Obwohl der bevorstehende Verkauf für den Free Float von Roblox unerheblich ist, können fortlaufende Verkäufe eines Unternehmensinsiders von Investoren als potenzielles Stimmungsbarometer beobachtet werden.

Positive
  • None.
Negative
  • Repeated insider selling: Kaufman has already liquidated 51,021 shares for about $4.07 million in the last three months and now plans to sell 6,000 more.
  • Potential negative sentiment signal: Continuous disposals, despite being a small percentage of the float, may be viewed unfavorably by some investors.

Insights

TL;DR: Small block (0.001%)—limited direct impact; worth tracking as part of continued insider selling trend.

The proposed 6,000-share sale represents a de-minimis slice of Roblox’s capital structure and should not, by itself, exert measurable market pressure. However, Kaufman’s cumulative sales of 57,021 shares year-to-date (~$4.69 million including this notice) illustrate a steady liquidation pattern. Although no performance metrics are provided, persistent insider selling sometimes precedes price weakness or reflects portfolio diversification needs. Given Roblox’s large float and daily volume, I view the filing as neutral in isolation but relevant for sentiment tracking.

TL;DR: Recurrent insider disposals may raise governance and confidence questions despite minimal dilution.

Rule 144 filings help maintain transparency, yet investors often interpret continuous insider sales as a potential red flag. Kaufman’s six prior transactions within just three months, followed by another planned sale, could be perceived negatively—even though volume limits and certification of no undisclosed adverse information apply. The absence of a disclosed 10b5-1 plan date lessens clarity around whether trades are pre-scheduled. Therefore, I assign a mildly negative governance signal, albeit not materially damaging given the tiny fraction of outstanding shares involved.

Il modulo 144 presentato per Roblox Corporation (NYSE: RBLX) rivela che l'insider Matthew D. Kaufman intende vendere fino a 6.000 azioni ordinarie intorno al 3 luglio 2025 tramite Charles Schwab & Co., per un valore complessivo di mercato di 615.480 $. Il blocco rappresenta circa lo 0,001% delle 629.990.658 azioni in circolazione di Roblox.

Le azioni derivano da premi di compensazione azionaria—unità azionarie vincolate che sono maturate il 20 maggio 2023 (4.960 azioni) e il 20 agosto 2023 (1.040 azioni). Non è stato versato alcun corrispettivo in contanti al momento della maturazione dei premi.

Kaufman è stato un venditore frequente. Negli ultimi tre mesi ha effettuato sei operazioni per un totale di 51.021 azioni, incassando circa 4,07 milioni di dollari lordi (date: 3 apr, 5 mag, 15 mag, 20 mag, 5 giu, 20 giu 2025).

Secondo la Regola 144, gli insider devono aggregare le vendite con altri affiliati e certificare di non possedere informazioni materiali sfavorevoli non divulgate. La segnalazione è ATTIVA, indicando una transazione imminente soggetta ai limiti usuali di volume e modalità di vendita previsti dalla Regola 144.

Pur essendo la vendita imminente irrilevante per il flottante di Roblox, le continue cessioni da parte di un insider aziendale possono essere monitorate dagli investitori come possibile segnale di sentiment.

El formulario 144 presentado para Roblox Corporation (NYSE: RBLX) revela que el insider Matthew D. Kaufman planea vender hasta 6,000 acciones ordinarias alrededor del 3 de julio de 2025 a través de Charles Schwab & Co., por un valor de mercado agregado de $615,480. El bloque equivale aproximadamente al 0.001% de las 629,990,658 acciones en circulación de Roblox.

Las acciones provienen de premios de compensación en acciones—unidades restringidas que se consolidaron el 20 de mayo de 2023 (4,960 acciones) y el 20 de agosto de 2023 (1,040 acciones). No se pagó ninguna contraprestación en efectivo cuando los premios se consolidaron.

Kaufman ha sido un vendedor frecuente. En los últimos tres meses realizó seis transacciones que totalizan 51,021 acciones, por aproximadamente $4.07 millones en ingresos brutos (fechas: 3 abr, 5 may, 15 may, 20 may, 5 jun, 20 jun 2025).

Bajo la Regla 144, los insiders deben agregar las ventas con otros afiliados y certificar que no poseen información material adversa no divulgada. La presentación está ACTIVA, indicando una transacción inminente sujeta a los límites habituales de volumen y forma de venta según la Regla 144.

Aunque la venta próxima es insignificante para el flotante de Roblox, las disposiciones continuas por parte de un insider corporativo pueden ser monitoreadas por los inversores como una posible señal de sentimiento.

Roblox Corporation (NYSE: RBLX)에 대한 Form 144 제출서에 따르면 내부자 Matthew D. Kaufman2025년 7월 3일경 Charles Schwab & Co.를 통해 최대 6,000주 보통주를 총 시장가치 약 $615,480에 매도할 예정임을 공개했습니다. 이 매도 물량은 Roblox의 총 발행 주식 629,990,658주의 약 0.001%에 해당합니다.

이 주식은 주식 보상으로 받은 제한 주식 단위로, 2023년 5월 20일(4,960주)2023년 8월 20일(1,040주)에 권리가 확정된 것입니다. 권리 확정 시 현금 대가는 지급되지 않았습니다.

Kaufman은 최근 3개월간 6회에 걸쳐 총 51,021주를 매도하여 약 의 총 수익을 올렸습니다(날짜: 2025년 4월 3일, 5월 5일, 5월 15일, 5월 20일, 6월 5일, 6월 20일).

Rule 144에 따라 내부자는 다른 관계자와 매도 물량을 합산하고 공개되지 않은 중대한 부정적 정보를 보유하지 않았음을 증명해야 합니다. 해당 제출은 실시간(LIVE) 상태로, 통상적인 Rule 144의 매도량 및 방식 제한이 적용되는 임박한 거래를 의미합니다.

이번 매도는 Roblox의 유통 주식 수에 미미한 영향만 미치지만, 기업 내부자의 지속적인 주식 처분은 투자자들에게 잠재적인 투자 심리 신호로 관찰될 수 있습니다.

Le formulaire 144 déposé pour Roblox Corporation (NYSE: RBLX) révèle que l'initié Matthew D. Kaufman prévoit de vendre jusqu'à 6 000 actions ordinaires aux alentours du 3 juillet 2025 via Charles Schwab & Co., pour une valeur de marché totale de 615 480 $. Ce bloc représente environ 0,001 % des 629 990 658 actions en circulation de Roblox.

Les actions proviennent de récompenses en actions—unités d'actions restreintes qui ont été acquises le 20 mai 2023 (4 960 actions) et le 20 août 2023 (1 040 actions). Aucune contrepartie en espèces n'a été versée lors de l'acquisition des récompenses.

Kaufman a été un vendeur régulier. Au cours des trois derniers mois, il a réalisé six transactions totalisant 51 021 actions pour environ 4,07 millions de dollars de produit brut (dates : 3 avril, 5 mai, 15 mai, 20 mai, 5 juin, 20 juin 2025).

Conformément à la règle 144, les initiés doivent agréger les ventes avec d'autres affiliés et certifier ne pas détenir d'informations matérielles défavorables non divulguées. Le dépôt est ACTIF, indiquant une transaction imminente soumise aux limites habituelles de volume et de mode de vente prévues par la règle 144.

Bien que la vente à venir soit insignifiante pour le flottant de Roblox, les cessions continues par un initié d'entreprise peuvent être surveillées par les investisseurs comme un signal potentiel de sentiment.

Das eingereichte Formular 144 für Roblox Corporation (NYSE: RBLX) offenbart, dass Insider Matthew D. Kaufman beabsichtigt, bis zu 6.000 Stammaktien etwa am 3. Juli 2025 über Charles Schwab & Co. zu verkaufen, mit einem aggregierten Marktwert von 615.480 $. Das Paket entspricht etwa 0,001% der 629.990.658 ausstehenden Aktien von Roblox.

Die Aktien stammen aus Aktienvergütungen – Restricted Stock Units, die am 20. Mai 2023 (4.960 Aktien) und 20. August 2023 (1.040 Aktien) fällig wurden. Beim Erwerb der Awards wurde keine Barvergütung gezahlt.

Kaufman war ein häufiger Verkäufer. In den letzten drei Monaten führte er sechs Transaktionen mit insgesamt 51.021 Aktien durch und erzielte dabei brutto etwa 4,07 Millionen $ (Termine: 3. Apr, 5. Mai, 15. Mai, 20. Mai, 5. Juni, 20. Juni 2025).

Nach Regel 144 müssen Insider Verkäufe mit anderen verbundenen Personen zusammenfassen und bestätigen, dass sie keine nicht offengelegten wesentlichen negativen Informationen besitzen. Die Meldung ist AKTIV, was auf eine bevorstehende Transaktion hinweist, die den üblichen Volumen- und Verkaufsmodalitätsbeschränkungen der Regel 144 unterliegt.

Obwohl der bevorstehende Verkauf für den Free Float von Roblox unerheblich ist, können fortlaufende Verkäufe eines Unternehmensinsiders von Investoren als potenzielles Stimmungsbarometer beobachtet werden.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Griggs PC Nelson

(Last) (First) (Middle)
151 W. 42ND STREET

(Street)
NEW YORK NY 10036

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
NASDAQ, INC. [ NDAQ ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Pres. Capital Access Platforms
3. Date of Earliest Transaction (Month/Day/Year)
07/01/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, par value $0.01 per share 07/01/2025 F(1) 11,484 D $89.42 195,921(2) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Represents shares of Common Stock withheld for taxes in connection with the settlement of an equity award previously granted under the Issuer's Equity Incentive Plan.
2. Represents (i) 76,193 shares or units of restricted stock, of which 43,191 are vested and (ii) 119,728 shares of Common Stock underlying PSUs, all of which are vested.
/s/ Alex Kogan, by power of attorney 07/03/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many Roblox (RBLX) shares does Matthew D. Kaufman plan to sell in this Form 144?

6,000 common shares are listed for sale.

What is the estimated market value of the proposed RBLX share sale?

The filing states an aggregate market value of $615,480.

When will the RBLX shares be sold according to the filing?

The approximate sale date is July 3, 2025.

How many Roblox shares has Kaufman sold in the past three months?

He sold 51,021 shares for roughly $4.07 million in gross proceeds.

What percentage of Roblox’s outstanding shares does the planned 6,000-share sale represent?

About 0.001 % of the 629,990,658 shares outstanding.

Which broker will execute the planned Roblox share sale?

The filing lists Charles Schwab & Co., Inc. as the broker.
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