Scott D. Sandell - Mar 31, 2022 Form 4 Insider Report for Robinhood Markets, Inc. (HOOD)

Role
Director
Signature
/s/Louis Citron, attorney-in-fact
Stock symbol
HOOD
Transactions as of
Mar 31, 2022
Transactions value $
$0
Form type
4
Date filed
4/4/2022, 08:23 PM
Previous filing
Feb 15, 2022
Next filing
Apr 13, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction HOOD Restricted Stock Units Award +1.39K +99.64% 2.78K Mar 31, 2022 Class A Common Stock 1.39K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units ("RSUs") convert into Class A Common Stock on a one-for-one basis upon vesting and settlement.
F2 On March 31, 2022, the Reporting Person was automatically granted 1,387 RSUs under the Non-Employee Director Compensation Program of Robinhood Markets, Inc. ("Robinhood"), which permits directors to elect to receive payment of quarterly director fees in the form of RSUs, and the Robinhood 2021 Omnibus Incentive Plan. This grant was made in lieu of cash fees, based on the March 31, 2022 closing price of $13.51 per share of Class A Common Stock, and these RSUs were fully vested upon grant. Pursuant to a deferral election, vested shares will be delivered to the Reporting Person at the earliest of (1) the termination of his service with Robinhood, (2) his death or disability, or (3) a change in control of Robinhood.