Christina Smedley - Jul 28, 2021 Form 3 Insider Report for Robinhood Markets, Inc. (HOOD)

Role
Chief Marketing Officer
Signature
/s/ Christina Lai, attorney-in-fact for Christina Smedley
Stock symbol
HOOD
Transactions as of
Jul 28, 2021
Transactions value $
$0
Form type
3
Date filed
7/29/2021, 04:44 PM

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
holding HOOD Restricted Stock Units Jul 28, 2021 Common Stock 760K Direct F1, F2, F3
holding HOOD Restricted Stock Units Jul 28, 2021 Common Stock 258K Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On December 9, 2020, the Reporting Rerson was granted 760,000 restricted stock units ("RSUs") under the Robinhood Markets, Inc. ("Robinhood") 2020 Equity Incentive Plan (the "2020 Plan"). Subject to accelerated vesting in certain circumstances, one-fourth (1/4) of these RSUs are scheduled to vest on September 1, 2021, with the remainder scheduled to vest in twelve (12) equal quarterly installments thereafter, in each case subject to (a) the Reporting Person's continued service with Robinhood through the applicable vesting date and (b) the occurrence of a liquidity event, which was satisfied upon the effectiveness of Robinhood's initial public offering ("IPO") registration statement on Form S-1 ("Liquidity Event").
F2 Shares of Common Stock will automatically be reclassified as shares of Class A Common Stock on a 1-for-1 basis upon the filing of Robinhood's Amended and Restated Certificate of Incorporation just prior to the closing of Robinhood's IPO.
F3 RSUs convert into Common Stock on a one-for-one basis upon vesting and settlement.
F4 On March 10, 2021, the Reporting Person was granted 258,065 RSUs under the 2020 Plan. Subject to accelerated vesting in certain circumstances, one-fourth (1/4) of these RSUs are scheduled to vest on January 1, 2022, with the remainder scheduled to vest in twelve (12) equal quarterly installments thereafter, in each case subject to (a) the Reporting Person's continued service with Robinhood through the applicable vesting date and (b) the occurrence of a Liquidity Event.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney