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Roblox Corp — Major Shareholding Notification 2023
Feb 14, 2023
29870_mrq_2023-02-14_e343b794-bae1-4c4f-85b5-12ac0be6e529.zip
Major Shareholding Notification
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SC 13G/A 1 tm236487d1_sc13ga.htm SC 13G/A
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington , D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13 d-1 (b),
(c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2 (b)
(Amendment No. 1)*
Roblox Corporation
(Name of Issuer)
Class A Common Stock, $0.0001 par value
(Title of Class of Securities)
771049 10 3
(CUSIP Number)
December 31, 2021
(Date of Event Which Requires Filing of This Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
¨ Rule 13d-1(b)
¨ Rule 13d-1(c)
x Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
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CUSIP No. 771049 10 3 Page 2 of 21
| 1. | Name of Reporting Persons Altos Ventures IV, L.P. | |
|---|---|---|
| 2. | Check the Appropriate Box if a Member of a Group | |
| (See Instructions) (a) ¨ (b) x (1) | ||
| 3. | SEC USE ONLY | |
| 4. | Citizenship or Place of Organization Delaware | |
| Number of Shares Beneficially Owned by Each Reporting Person With: | 5. | Sole Voting Power 15,501,459 (2) |
| 6. | Shared Voting Power 0 | |
| 7. | Sole Dispositive Power 15,501,459 (2) | |
| 8. | Shared Dispositive Power 0 | |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting | |
| Person 15,501,459 (2) | ||
| 10. | Check if the | |
| Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ¨ | ||
| 11. | Percent of Class Represented by Amount in Row | |
| (11) 2.8% (3) | ||
| 12. | Type of Reporting Person (See Instructions) PN |
(1) This Schedule 13G is filed by Altos Ventures IV, L.P. (“Altos IV”), Altos Ventures IV Liquidity Fund, L.P. (“Altos IV LF”), Altos Roblox SPV 1, LLC (“AR SPV 1”), Altos Roblox SPV 2, LLC (“AR SPV 2”), Altos Ventures IV Reserve Fund, L.P. (“Altos IV RF”), Altos Roblox SPV 2020, LLC (“AR SPV 2020”), Altos Hybrid 2, L.P. (“Altos Hybrid 2”), Altos Hybrid 4, L.P. (“Altos Hybrid 4” and, collectively with Altos IV, Altos IV LF, AR SPV 1, AR SPV 2, Altos IV RF, AR SPV 2020 and Altos Hybrid 2, the “Altos Funds”), Altos Management Partners IV, LLC (“Altos IV GP”), Altos Hybrid 2 GP, LLC (“Altos Hybrid 2 GP”), Altos Hybrid 4, GP, LLC (“Altos Hybrid 4 GP”), Altos Roblox Management Partners, LLC (“Altos Roblox Management”), Altos Roblox 2020 Management Partners, LLC (“AR 2020 Management” and, collectively with Altos IV GP, Altos Hybrid 2 GP, Altos Hybrid 4 GP and Atos Roblox Management, the “General Partners and Managers”), Altos Ventures Management, Inc. (“AVMI”), Anthony P. Lee (“Lee”), Han Kim (“Kim”) and Hodong Nam (“Nam”) (collectively, the “Reporting Persons”). The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.
(2) The shares are held directly by Altos IV.
(3) The beneficial ownership percentage is based on a total of 549,478,789 shares of Class A Common Stock outstanding as of November 1, 2022, as reported in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2022, filed with the Securities and Exchange Commission on November 9, 2022.
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CUSIP No. 771049 10 3 Page 3 of 21
| 1. | Name of Reporting Persons Altos Ventures IV Liquidity Fund, L.P. | |
|---|---|---|
| 2. | Check the Appropriate Box if a Member of a Group | |
| (See Instructions) (a) ¨ (b) x (1) | ||
| 3. | SEC USE ONLY | |
| 4. | Citizenship or Place of Organization Delaware | |
| Number of Shares Beneficially Owned by Each Reporting Person With: | 5. | Sole Voting Power 27,957,821 (2) |
| 6. | Shared Voting Power 0 | |
| 7. | Sole Dispositive Power 27,957,821 (2) | |
| 8. | Shared Dispositive Power 0 | |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting | |
| Person 27,957,821 (2) | ||
| 10. | Check if the | |
| Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ¨ | ||
| 11. | Percent of Class Represented by Amount in Row | |
| (11) 5.1% (3) | ||
| 12. | Type of Reporting Person (See Instructions) PN |
(1) This Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.
(2) The shares are held directly by Altos IV LF.
(3) The beneficial ownership percentage is based on a total of 549,478,789 shares of Class A Common Stock outstanding as of November 1, 2022, as reported in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2022, filed with the Securities and Exchange Commission on November 9, 2022.
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CUSIP No. 771049 10 3 Page 4 of 21
| 1. | Name of Reporting Persons Altos Roblox SPV 1, LLC | |
|---|---|---|
| 2. | Check the Appropriate Box if a Member of a Group | |
| (See Instructions) (a) ¨ (b) x (1) | ||
| 3. | SEC USE ONLY | |
| 4. | Citizenship or Place of Organization Delaware | |
| Number of Shares Beneficially Owned by Each Reporting Person With: | 5. | Sole Voting Power 18,615,712 (2) |
| 6. | Shared Voting Power 0 | |
| 7. | Sole Dispositive Power 18,615,712 (2) | |
| 8. | Shared Dispositive Power 0 | |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting | |
| Person 18,615,712 (2) | ||
| 10. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ¨ | |
| 11. | Percent of Class Represented by Amount in Row | |
| (11) 3.4% (3) | ||
| 12. | Type of Reporting Person (See Instructions) OO |
(1) This Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.
(2) The shares are held directly by AR SPV 1.
(3) The beneficial ownership percentage is based on a total of 549,478,789 shares of Class A Common Stock outstanding as of November 1, 2022, as reported in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2022, filed with the Securities and Exchange Commission on November 9, 2022.
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CUSIP No. 771049 10 3 Page 5 of 21
| 1. | Name of Reporting Persons Altos Roblox SPV 2, LLC | |
|---|---|---|
| 2. | Check the Appropriate Box if a Member of a Group | |
| (See Instructions) (a) ¨ (b) x (1) | ||
| 3. | SEC USE ONLY | |
| 4. | Citizenship or Place of Organization Delaware | |
| Number of Shares Beneficially Owned by Each Reporting Person With: | 5. | Sole Voting Power 2,603,897 (2) |
| 6. | Shared Voting Power 0 | |
| 7. | Sole Dispositive Power 2,603,897 (2) | |
| 8. | Shared Dispositive Power 0 | |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting | |
| Person 2,603,897 (2) | ||
| 10. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ¨ | |
| 11. | Percent of Class Represented by Amount in Row | |
| (11) 0.5% (3) | ||
| 12. | Type of Reporting Person (See Instructions) OO |
(1) This Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.
(2) The shares are held directly by AR SPV 2.
(3) The beneficial ownership percentage is based on a total of 549,478,789 shares of Class A Common Stock outstanding as of November 1, 2022, as reported in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2022, filed with the Securities and Exchange Commission on November 9, 2022.
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CUSIP No. 771049 10 3 Page 6 of 21
| 1. | Name of Reporting Persons Altos Ventures IV Reserve Fund, L.P. | |
|---|---|---|
| 2. | Check the Appropriate Box if a Member of a Group | |
| (See Instructions) (a) ¨ (b) x (1) | ||
| 3. | SEC USE ONLY | |
| 4. | Citizenship or Place of Organization Delaware | |
| Number of Shares Beneficially Owned by Each Reporting Person With: | 5. | Sole Voting Power 581,719 (2) |
| 6. | Shared Voting Power 0 | |
| 7. | Sole Dispositive Power 581,719 (2) | |
| 8. | Shared Dispositive Power 0 | |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting | |
| Person 581,719 (2) | ||
| 10. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ¨ | |
| 11. | Percent of Class Represented by Amount in Row | |
| (11) 0.1% (3) | ||
| 12. | Type of Reporting Person (See Instructions) PN |
(1) This Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.
(2) The shares are held directly by Altos IV RF.
(3) The beneficial ownership percentage is based on a total of 549,478,789 shares of Class A Common Stock outstanding as of November 1, 2022, as reported in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2022, filed with the Securities and Exchange Commission on November 9, 2022.
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CUSIP No. 771049 10 3 Page 7 of 21
| 1. | Name of Reporting Persons Altos Roblox SPV 2020, LLC | |
|---|---|---|
| 2. | Check the Appropriate Box if a Member of a Group | |
| (See Instructions) (a) ¨ (b) x (1) | ||
| 3. | SEC USE ONLY | |
| 4. | Citizenship or Place of Organization Delaware | |
| Number of Shares Beneficially Owned by Each Reporting Person With: | 5. | Sole Voting Power 12,964,964 (2) |
| 6. | Shared Voting Power 0 | |
| 7. | Sole Dispositive Power 12,964,964 (2) | |
| 8. | Shared Dispositive Power 0 | |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting | |
| Person 12,964,964 (2) | ||
| 10. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ¨ | |
| 11. | Percent of Class Represented by Amount in Row | |
| (11) 2.4% (3) | ||
| 12. | Type of Reporting Person (See Instructions) OO |
(1) This Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.
(2) The shares are held directly by AR SPV 2020.
(3) The beneficial ownership percentage is based on a total of 549,478,789 shares of Class A Common Stock outstanding as of November 1, 2022, as reported in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2022, filed with the Securities and Exchange Commission on November 9, 2022.
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CUSIP No. 771049 10 3 Page 8 of 21
| 1. | Name of Reporting Persons Altos Hybrid 2, L.P. | |
|---|---|---|
| 2. | Check the Appropriate Box if a Member of a Group | |
| (See Instructions) (a) ¨ (b) x (1) | ||
| 3. | SEC USE ONLY | |
| 4. | Citizenship or Place of Organization Delaware | |
| Number of Shares Beneficially Owned by Each Reporting Person With: | 5. | Sole Voting Power 311,014 (2) |
| 6. | Shared Voting Power 0 | |
| 7. | Sole Dispositive Power 311,014 (2) | |
| 8. | Shared Dispositive Power 0 | |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting | |
| Person 311,014 (2) | ||
| 10. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ¨ | |
| 11. | Percent of Class Represented by Amount in Row | |
| (11) 0.1% (3) | ||
| 12. | Type of Reporting Person (See Instructions) PN |
(1) This Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.
(2) The shares are held directly by Altos Hybrid 2.
(3) The beneficial ownership percentage is based on a total of 549,478,789 shares of Class A Common Stock outstanding as of November 1, 2022, as reported in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2022, filed with the Securities and Exchange Commission on November 9, 2022.
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CUSIP No. 771049 10 3 Page 9 of 21
| 1. | Name of Reporting Persons Altos Hybrid 4, L.P. | |
|---|---|---|
| 2. | Check the Appropriate Box if a Member of a Group | |
| (See Instructions) (a) ¨ (b) x (1) | ||
| 3. | SEC USE ONLY | |
| 4. | Citizenship or Place of Organization Delaware | |
| Number of Shares Beneficially Owned by Each Reporting Person With: | 5. | Sole Voting Power 111,112 (2) |
| 6. | Shared Voting Power 0 | |
| 7. | Sole Dispositive Power 111,112 (2) | |
| 8. | Shared Dispositive Power 0 | |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting | |
| Person 111,112 (2) | ||
| 10. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ¨ | |
| 11. | Percent of Class Represented by Amount in Row | |
| (11) 0.0% (3) | ||
| 12. | Type of Reporting Person (See Instructions) PN |
(1) This Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.
(2) The shares are held directly by Altos Hybrid 4.
(3) The beneficial ownership percentage is based on a total of 549,478,789 shares of Class A Common Stock outstanding as of November 1, 2022, as reported in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2022, filed with the Securities and Exchange Commission on November 9, 2022.
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CUSIP No. 771049 10 3 Page 10 of 21
| 1. | Name of Reporting Persons Altos Management Partners IV, LLC | |
|---|---|---|
| 2. | Check the Appropriate Box if a Member of a Group | |
| (See Instructions) (a) ¨ (b) x (1) | ||
| 3. | SEC USE ONLY | |
| 4. | Citizenship or Place of Organization Delaware | |
| Number of Shares Beneficially Owned by Each Reporting Person With: | 5. | Sole Voting Power 44,040,999 (2) |
| 6. | Shared Voting Power 0 | |
| 7. | Sole Dispositive Power 44,040,999 (2) | |
| 8. | Shared Dispositive Power 0 | |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting | |
| Person 44,040,999 (2) | ||
| 10. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ¨ | |
| 11. | Percent of Class Represented by Amount in Row | |
| (11) 8.0% (3) | ||
| 12. | Type of Reporting Person (See Instructions) OO |
(1) This Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.
(2) Consists of (i) 15,501,459 shares held directly by Altos IV, (ii) 27,957,821 shares held directly by Altos IV LF, and (iii) 581,719 shares held directly by Altos IV RF. Altos IV GP is the general partner of Altos IV, Altos IV RF and Altos IV LF and has voting and dispositive power with respect to these shares.
(3) The beneficial ownership percentage is based on a total of 549,478,789 shares of Class A Common Stock outstanding as of November 1, 2022, as reported in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2022, filed with the Securities and Exchange Commission on November 9, 2022.
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CUSIP No. 771049 10 3 Page 11 of 21
| 1. | Name of Reporting Persons Altos Hybrid 2, GP, LLC | |
|---|---|---|
| 2. | Check the Appropriate Box if a Member of a Group | |
| (See Instructions) (a) ¨ (b) x (1) | ||
| 3. | SEC USE ONLY | |
| 4. | Citizenship or Place of Organization Delaware | |
| Number of Shares Beneficially Owned by Each Reporting Person With: | 5. | Sole Voting Power 311,014 (2) |
| 6. | Shared Voting Power 0 | |
| 7. | Sole Dispositive Power 311,014 (2) | |
| 8. | Shared Dispositive Power 0 | |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting | |
| Person 311,014 (2) | ||
| 10. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ¨ | |
| 11. | Percent of Class Represented by Amount in Row | |
| (11) 0.1% (3) | ||
| 12. | Type of Reporting Person (See Instructions) OO |
(1) This Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.
(2) Consists of 311,014 shares held directly by Altos Hybrid 2, L.P. Altos Hybrid 2 GP is the general partner of Altos Hybrid 2 and has voting and dispositive power with respect to these shares.
(3) The beneficial ownership percentage is based on a total of 549,478,789 shares of Class A Common Stock outstanding as of November 1, 2022, as reported in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2022, filed with the Securities and Exchange Commission on November 9, 2022.
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CUSIP No. 771049 10 3 Page 12 of 21
| 1. | Name of Reporting Persons Altos Hybrid 4, GP, LLC | |
|---|---|---|
| 2. | Check the Appropriate Box if a Member of a Group | |
| (See Instructions) (a) ¨ (b) x (1) | ||
| 3. | SEC USE ONLY | |
| 4. | Citizenship or Place of Organization Delaware | |
| Number of Shares Beneficially Owned by Each Reporting Person With: | 5. | Sole Voting Power 111,112 (2) |
| 6. | Shared Voting Power 0 | |
| 7. | Sole Dispositive Power 111,112 (2) | |
| 8. | Shared Dispositive Power 0 | |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting | |
| Person 111,112 (2) | ||
| 10. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ¨ | |
| 11. | Percent of Class Represented by Amount in Row | |
| (11) 0.0% (3) | ||
| 12. | Type of Reporting Person (See Instructions) OO |
(1) This Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.
(2) Consists of 111,112 shares held directly by Altos Hybrid 4, L.P. Altos Hybrid 4 GP is the general partner of Altos Hybrid 4 and has voting and dispositive power with respect to these shares.
(3) The beneficial ownership percentage is based on a total of 549,478,789 shares of Class A Common Stock outstanding as of November 1, 2022, as reported in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2022, filed with the Securities and Exchange Commission on November 9, 2022.
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CUSIP No. 771049 10 3 Page 13 of 21
| 1. | Name of Reporting Persons Altos Roblox Management Partners, LLC | |
|---|---|---|
| 2. | Check the Appropriate Box if a Member of a Group | |
| (See Instructions) (a) ¨ (b) x (1) | ||
| 3. | SEC USE ONLY | |
| 4. | Citizenship or Place of Organization Delaware | |
| Number of Shares Beneficially Owned by Each Reporting Person With: | 5. | Sole Voting Power 21,219,609 (2) |
| 6. | Shared Voting Power 0 | |
| 7. | Sole Dispositive Power 21,219,609 (2) | |
| 8. | Shared Dispositive Power 0 | |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting | |
| Person 21,219,609 (2) | ||
| 10. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ¨ | |
| 11. | Percent of Class Represented by Amount in Row | |
| (11) 3.9% (3) | ||
| 12. | Type of Reporting Person (See Instructions) OO |
(1) This Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.
(2) Consists of (i) 18,615,712 shares held directly by AR SPV 1 and (ii) 2,603,897 shares held directly by AR SPV 2. Altos Roblox Management is the manager of each of AR SPV 1 and AR SPV 2 and has voting and dispositive power with respect to these shares.
(3) The beneficial ownership percentage is based on a total of 549,478,789 shares of Class A Common Stock outstanding as of November 1, 2022, as reported in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2022, filed with the Securities and Exchange Commission on November 9, 2022.
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CUSIP No. 771049 10 3 Page 14 of 21
| 1. | Name of Reporting Persons Altos Roblox 2020 Management Partners, LLC | |
|---|---|---|
| 2. | Check the Appropriate Box if a Member of a Group | |
| (See Instructions) (a) ¨ (b) x (1) | ||
| 3. | SEC USE ONLY | |
| 4. | Citizenship or Place of Organization Delaware | |
| Number of Shares Beneficially Owned by Each Reporting Person With: | 5. | Sole Voting Power 12,964,964 (2) |
| 6. | Shared Voting Power 0 | |
| 7. | Sole Dispositive Power 12,964,964 (2) | |
| 8. | Shared Dispositive Power 0 | |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting | |
| Person 12,964,964 (2) | ||
| 10. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ¨ | |
| 11. | Percent of Class Represented by Amount in Row | |
| (11) 2.4% (3) | ||
| 12. | Type of Reporting Person (See Instructions) OO |
(1) This Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.
(2) Consists of 12,964,964 shares held directly by AR SPV 2020. AR 2020 Management is the manager of AR SPV 2020 and has voting and dispositive power with respect to these shares.
(3) The beneficial ownership percentage is based on a total of 549,478,789 shares of Class A Common Stock outstanding as of November 1, 2022, as reported in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2022, filed with the Securities and Exchange Commission on November 9, 2022.
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CUSIP No. 771049 10 3 Page 15 of 21
| 1. | Name of Reporting Persons Altos Ventures Management, Inc. | | | --- | --- | --- | | 2. | Check the Appropriate Box if a Member of a Group (See Instructions) (a) ¨ (b) x (1) | | | 3. | SEC USE ONLY | | | 4. | Citizenship or Place of Organization Delaware | | | Number of Shares Beneficially Owned by Each Reporting Person With: | 5. | Sole Voting Power 24,507 (2) | | | 6. | Shared Voting Power 0 | | | 7. | Sole Dispositive Power 24,507 (2) | | | 8. | Shared Dispositive Power 0 | | 9. | Aggregate Amount Beneficially Owned by Each Reporting Person 24,507 (2) | | | 10. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ¨ | | | 11. | Percent of Class Represented by Amount in Row (11) 0.0% (3) | | | 12. | Type of Reporting Person (See Instructions) CO | |
(1) This Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.
(2) Consists of 24,507 shares held directly by AVMI.
(3) The beneficial ownership percentage is based on a total of 549,478,789 shares of Class A Common Stock outstanding as of November 1, 2022, as reported in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2022, filed with the Securities and Exchange Commission on November 9, 2022.
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CUSIP No. 771049 10 3 Page 16 of 21
| 1. | Name of Reporting Persons Anthony P. Lee | |
|---|---|---|
| 2. | Check the Appropriate Box if a Member of a Group | |
| (See Instructions) (a) ¨ (b) x (1) | ||
| 3. | SEC USE ONLY | |
| 4. | Citizenship or Place of Organization United States of America | |
| Number of Shares Beneficially Owned by Each Reporting Person With: | 5. | Sole Voting Power 1,698,948 |
| 6. | Shared Voting Power 78,672,205 (2) | |
| 7. | Sole Dispositive Power 1,698,948 | |
| 8. | Shared Voting Power 78,672,205 (2) | |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting | |
| Person 80,371,153 (2) | ||
| 10. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ¨ | |
| 11. | Percent of Class Represented by Amount in Row | |
| (11) 14.6% (3) | ||
| 12. | Type of Reporting Person (See Instructions) IN |
(1) This Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.
(2) Includes an aggregate of 78,647,698 shares held directly by the Altos Funds and 24,507 shares held directly by AVMI.. The Reporting Person is a managing member of each of the General Partners and Managers and a member of the Board of Directors of AVM, Inc., and shares voting and dispositive power with respect to these shares.
(3) The beneficial ownership percentage is based on a total of 549,478,789 shares of Class A Common Stock outstanding as of November 1, 2022, as reported in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2022, filed with the Securities and Exchange Commission on November 9, 2022.
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CUSIP No. 771049 10 3 Page 17 of 21
| 1. | Name of Reporting Persons Han Kim | |
|---|---|---|
| 2. | Check the Appropriate Box if a Member of a Group | |
| (See Instructions) (a) ¨ (b) x (1) | ||
| 3. | SEC USE ONLY | |
| 4. | Citizenship or Place of Organization United States of America | |
| Number of Shares Beneficially Owned by Each Reporting Person With: | 5. | Sole Voting Power 1,778,946 |
| 6. | Shared Voting Power 78,672,205 (2) | |
| 7. | Sole Dispositive Power 1,778,946 | |
| 8. | Shared Voting Power 78,672,205 (2) | |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting | |
| Person 80,451,151 (2) | ||
| 10. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ¨ | |
| 11. | Percent of Class Represented by Amount in Row | |
| (11) 14.6% (3) | ||
| 12. | Type of Reporting Person (See Instructions) IN |
(1) This Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.
(2) Includes an aggregate of 78,647,698 shares held directly by the Altos Funds and 24,507 shares held directly by AVMI.. The Reporting Person is a managing member of each of the General Partners and Managers and a member of the Board of Directors of AVM, Inc., and shares voting and dispositive power with respect to these shares.
(3) The beneficial ownership percentage is based on a total of 549,478,789 shares of Class A Common Stock outstanding as of November 1, 2022, as reported in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2022, filed with the Securities and Exchange Commission on November 9, 2022.
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CUSIP No. 771049 10 3 Page 18 of 21
| 1. | Name of Reporting Persons Hodong Nam | |
|---|---|---|
| 2. | Check the Appropriate Box if a Member of a Group | |
| (See Instructions) (a) ¨ (b) x (1) | ||
| 3. | SEC USE ONLY | |
| 4. | Citizenship or Place of Organization United States of America | |
| Number of Shares Beneficially Owned by Each Reporting Person With: | 5. | Sole Voting Power 1,941,020 |
| 6. | Shared Voting Power 78,672,205 (2) | |
| 7. | Sole Dispositive Power 1,941,020 | |
| 8. | Shared Voting Power 78,672,205 (2) | |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting | |
| Person 80,613,225 (2) | ||
| 10. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ¨ | |
| 11. | Percent of Class Represented by Amount in Row | |
| (11) 14.7% (3) | ||
| 12. | Type of Reporting Person (See Instructions) IN |
(1) This Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.
(2) Includes an aggregate of 78,647,698 shares held directly by the Altos Funds and 24,507 shares held directly by AVMI.. The Reporting Person is a managing member of each of the General Partners and Managers and a member of the Board of Directors of AVM, Inc., and shares voting and dispositive power with respect to these shares.
(3) The beneficial ownership percentage is based on a total of 549,478,789 shares of Class A Common Stock outstanding as of November 1, 2022, as reported in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2022, filed with the Securities and Exchange Commission on November 9, 2022.
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CUSIP No. 771049 10 3 Page 19 of 21
Introductory Note: This statement on Schedule 13G is being filed by the Reporting Persons in respect of Class A Common Stock of Roblox Corporation (the “Issuer”).
Item 1(a) Name of Issuer
Roblox Corporation
Item 1(b) Address of Issuer's Principal Executive Offices
970 Park Place
San Mateo, California, 94403
Item 2(a) Name of Person Filing
Altos Ventures IV, L.P. (“Altos IV”)
Altos Ventures IV Liquidity Fund, L.P. (“Altos IV LF”)
Altos Roblox SPV 1, LLC (“AR SPV 1”)
Altos Roblox SPV 2, LLC (“AR SPV 2”) Altos Ventures IV Reserve Fund, L.P. (“Altos IV RF”)
Altos Roblox SPV 2020, LLC (“AR SPV 2020”)
Altos Hybrid 2, L.P. (“Altos Hybrid 2”)
Altos Hybrid 4, L.P. (“Altos Hybrid 4”)
Altos Management Partners IV, LLC (“Altos IV GP”)
Altos Hybrid 2, GP, LLC (“Altos Hybrid 2 GP”)
Altos Hybrid 4, GP, LLC (“Altos Hybrid 4 GP”)
Altos Roblox Management Partners, LLC (“Altos Roblox Management”)
Altos Roblox 2020 Management Partners, LLC (“AR 2020 Management”)
Altos Ventures Management, Inc. (“AVMI”)
Anthony P. Lee (“Lee”)
Han Kim (“Kim”)
Hodong Nam (“Nam”)
Item 2(b) Address of Principal Business Office or, if none, Residence
2882 Sand Hill Road, Suite 100
Menlo Park, CA 94025
Item 2(c) Citizenship
Altos IV—Delaware
Altos IV LF—Delaware
AR SPV 1—Delaware
AR SPV 2—Delaware Altos IV RF—Delaware
Altos Roblox SPV 2020, LLC (“AR SPV 2020”)
Altos Hybrid 2—Delaware
Altos Hybrid 4—Delaware
Altos IV GP—Delaware
Altos Hybrid 2 GP—Delaware
Altos Hybrid 4 GP—Delaware
Altos Roblox Management—Delaware
AR 2020 Management—Delaware
AVMI—Delaware
Lee—United States of America
Kim—United States of America
Nam—United States of America
Item 2(d) Title of Class of Securities
Class A Common Stock
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CUSIP No. 771049 10 3 Page 20 of 21
Item 2(e) CUSIP Number
771049 10 3
Item 3 Not applicable.
Item 4 Ownership
| (a) | Amount beneficially owned: See line 9 of pages 2 to 18, which are hereby incorporated by reference | | | --- | --- | --- | | (b) | Percent of class: See line 11 of pages 2 to 18, which are hereby incorporated by reference | | | (c) | Number of shares as to which the person has: | | | | (i) | Sole power to vote or to direct the vote See line 5 of pages 2 to 18, which are hereby incorporated by reference | | | (ii) | Shared power to vote or to direct the vote See line 6 of pages 2 to 18, which are hereby incorporated by reference | | | (iii) | Sole power to dispose or to direct the disposition of See line 7 of pages 2 to 18, which are hereby incorporated by reference | | | (iv) | Shared power to dispose or to direct the disposition of See line 8 of pages 2 to 18, which are hereby incorporated by reference |
Item 5 Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following ¨ .
Item 6 Ownership of More than Five Percent of Another Person
Not applicable.
Item 7 Identification and Classification of the Subsidiary which Acquired the Security Being Reported on by the Parent Holding Company
Not applicable.
Item 8 Identification and Classification of Members of the Group
Not applicable.
Item 9 Notice of Dissolution of Group
Not applicable.
Item 10 Certification
Not applicable.
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CUSIP No. 771049 10 3 Page 21 of 21
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Statement is true, complete and correct.
February 14, 2023
| Altos
| Ventures IV, L.P. | |
|---|---|
| Altos | |
| Ventures IV Liquidity Fund, L.P. | |
| Altos | |
| Ventures IV Reserve Fund, L.P. | |
| By Altos Management Partners | |
| IV, LLC, their General Partner | |
| By: | /s/ Anthony P. Lee |
| Anthony P. Lee, Managing Director | |
| Altos | |
| Hybrid 2, L.P. | |
| By Altos Hybrid 2, GP, LLC, | |
| its General Partner | |
| By: | /s/ Anthony P. Lee |
| Anthony P. Lee, Managing Director | |
| Altos | |
| Hybrid 4, L.P. | |
| By Altos Hybrid 4, GP, LLC, | |
| its General Partner | |
| By: | /s/ Anthony P. Lee |
| Anthony P. Lee, Managing Director | |
| Altos | |
| Roblox SPV 1, LLC | |
| Altos | |
| Roblox SPV 2, LLC | |
| By Altos Roblox Management Partners, | |
| LLC, their Manager | |
| By: | /s/ Anthony P. Lee |
| Anthony P. Lee, Managing Member | |
| Altos | |
| Roblox SPV 2020, LLC | |
| By Altos Roblox 2020 Management | |
| Partners, LLC, its Manager | |
| By: | /s/ Anthony P. Lee |
| Anthony P. Lee, Managing Member | |
| /s/ Anthony P. Lee | |
| Anthony | |
| P. Lee | |
| /s/ Han Kim | |
| HAN KIM | |
| /s/ Hodong Nam | |
| Hodong | |
| Nam |
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