Han Kim, 10% Owner at Roblox (NYSE:RBLX), reported a large insider sell on November 29, according to a new SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Wednesday showed that Kim sold 100,000 shares of Roblox. The total transaction amounted to $3,879,000.
Roblox shares are trading up 0.83% at $39.0 at the time of this writing on Thursday morning.
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The Importance of Insider Transactions
Insider transactions shouldn't be used primarily to make an investing decision, however, they can ...