Aparna Chennapragada - Jul 28, 2021 Form 4 Insider Report for Robinhood Markets, Inc. (HOOD)

Role: Chief Product Officer
Signature: /s/ Christina Lai, attorney-in-fact for Aparna Chennapragada
Stock symbol: HOOD
Transactions as of: Jul 28, 2021
Transactions value $: -$2,767,048
Form type: 4
Date filed: 7/30/2021, 04:24 PM
Next filing: Aug 3, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HOOD	Common Stock	Options Exercise		+121K			121K	Jul 28, 2021	Direct	F1, F2, F3
transaction	HOOD	Common Stock	Tax liability	-$2.28M	-60K	-49.58%	$38.00	61K	Jul 28, 2021	Direct	F1, F4
transaction	HOOD	Common Stock	Sale	-$488K	-12.2K	-20%	$40.00	48.8K	Jul 29, 2021	Direct	F1

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	Options Exercise	$0	-121K	-6.25%	$0.00	1.81M	Jul 28, 2021	Common Stock	121K		Direct	F1, F3, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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 the Amended and Restated Certificate of Incorporation of Robinhood Markets, Inc. ("Robinhood") immediately prior to the closing of Robinhood's initial public offering ("IPO").
F2	Represents shares received upon vesting of restricted stock units ("RSUs") in connection with the IPO Liquidity Event (as defined below).
F3	RSUs convert into Common Stock on a one-for-one basis upon vesting and settlement.
F4	Represents shares withheld by Robinhood to satisfy tax withholding obligations in connection with the vesting of 120,967 RSUs and does not represent a sale by the Reporting Person.
F5	On May 6, 2021, the Reporting Person was granted 1,935,484 RSUs under Robinhood's 2020 Equity Incentive Plan. Subject to accelerated vesting in certain circumstances, one-sixteenth (1/16) of these RSUs was scheduled to vest on July 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, which was satisfied upon the effectiveness of Robinhood's IPO registration statement on Form S-1.