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

Role
Chief Financial Officer
Signature
/s/ Christina Lai, attorney-in-fact for Jason Warnick
Stock symbol
HOOD
Transactions as of
Jul 28, 2021
Transactions value $
$0
Form type
3
Date filed
7/29/2021, 04:45 PM
Next filing
Aug 3, 2021

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 Employee Stock Option (right to buy) Jul 28, 2021 Common Stock 700K $5.93 Direct F1, F2
holding HOOD Restricted Stock Units Jul 28, 2021 Common Stock 700K Direct F2, F3, F4
holding HOOD Restricted Stock Units Jul 28, 2021 Common Stock 699K Direct F2, F4, F5
holding HOOD Restricted Stock Units Jul 28, 2021 Common Stock 323K Direct F2, F4, F6
holding HOOD Restricted Stock Units Jul 28, 2021 Common Stock 323K Direct F2, F4, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On December 15, 2018, the Reporting Person was granted an option to purchase 700,000 shares of Common Stock under the Robinhood Markets, Inc. ("Robinhood") Amended and Restated 2013 Stock Plan (the "2013 Plan"), which option was amended and restated on January 13, 2020. This option vested and became exercisable as to one-fourth (1/4) of those shares on December 4, 2019, with the remainder scheduled to vest and become exercisable in 36 equal monthly installments thereafter, subject to the Reporting Person's continued service with Robinhood through the applicable vesting date and subject to accelerated vesting in certain circumstances.
F2 Shares of Common Stock will automatically be reclassified as shares of Class A Common Stock on a one-for-one basis upon the filing of Robinhood's Amended and Restated Certificate of Incorporation immediately prior to the closing of Robinhood's initial public offering ("IPO").
F3 On December 15, 2018, the Reporting Person was granted 700,000 restricted stock units ("RSUs") under the 2013 Plan, which award was amended and restated on January 13, 2020. Subject to accelerated vesting in certain circumstances, one-fourth (1/4) of these RSUs were scheduled to vest on December 4, 2019, with the remainder scheduled to vest in thirty-six (36) equal monthly 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 IPO registration statement on Form S-1 ("Liquidity Event").
F4 RSUs convert into Common Stock on a one-for-one basis upon vesting and settlement.
F5 On January 13, 2020, the Reporting Person was granted 699,432 RSUs under Robinhood's 2020 Equity Incentive Plan (the "2020 Plan"). Subject to accelerated vesting in certain circumstances, one-fourth (1/4) of these RSUs were scheduled to vest on December 1, 2020, 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.
F6 On December 9, 2020, the Reporting Person was granted 322,580 RSUs under the 2020 Plan. Subject to accelerated vesting in certain circumstances, one-sixteenth (1/16) of these RSUs were scheduled to vest on April 1, 2021, with the remainder scheduled to vest in fifteen (15) 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.
F7 On December 9, 2020, the Reporting Person was granted 322,580 RSUs under the 2020 Plan. Subject to accelerated vesting in certain circumstances, one-eighth (1/8) of these RSUs are scheduled to vest on April 1, 2023, with the remainder scheduled to vest in seven (7) 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