Key facts
- This page summarizes Meyer Malka's Form 4 filing for Robinhood Markets, Inc. (HOOD).
- 2 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 25 Mar 2022, 21:28.
Key filing fact
Ownership activity is grounded in SEC Form 4 disclosures.
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
Award
Award
Additional SEC filing notes
Footnote F1
Restricted stock units ("RSUs") convert into Class A Common Stock on a one-for-one basis upon vesting and settlement.
Footnote F2
This RSU award represents the Reporting Person's initial equity grant pursuant to the Non-Employee Director Compensation Program and was granted automatically on the date the Reporting Person joined the board of directors (the "Board") of Robinhood Markets, Inc. ("Robinhood").
Footnote F3
On March 23, 2022, the Reporting Person was granted 17,201 RSUs under Robinhood's 2021 Omnibus Incentive Plan (the "2021 Plan"). One-twelfth (1/12) of these RSUs are scheduled to vest on July 1, 2022, with the remainder scheduled to vest in eleven (11) equal quarterly installments thereafter, in each case subject to the Reporting Person's continued service with Robinhood through the applicable vesting date and subject to accelerated vesting in certain circumstances.
Footnote F4
The Reporting Person is the founder and managing partner of the Ribbit Capital family of funds, and is contractually obligated to transfer any shares issued upon vesting and settlement of RSUs to certain entities affiliated with such funds. The Reporting Person disclaims beneficial ownership of such shares for purposes of Section 16 of the Securities Exchange Act of 1934 ("Section 16") except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that such shares are beneficially owned by him for Section 16 or any other purpose.
Footnote F5
This RSU award represents the Reporting Person's pro-rated annual grant pursuant to the Non-Employee Director Compensation Program and was granted automatically on the date the Reporting Person joined the Board.
Footnote F6
On March 23, 2022, the Reporting Person was granted 3,723 RSUs under the 2021 Plan. Of that amount, 335 RSUs are scheduled to vest on April 1, 2022, and 3,388 RSUs are scheduled to vest on July 1, 2022 (or, if earlier, the day before Robinhood's next annual meeting of stockholders), in each case subject to the Reporting Person's continued service with Robinhood through the applicable vesting date and subject to accelerated vesting in certain circumstances.