Daniel M. Gallagher Jr - Oct 27, 2021 Form 4 Insider Report for Robinhood Markets, Inc. (HOOD)

Role
Chief Legal Officer
Signature
/s/ Christina Lai, attorney-in-fact for Daniel M. Gallagher, Jr.
Stock symbol
HOOD
Transactions as of
Oct 27, 2021
Transactions value $
-$2,141,568
Form type
4
Date filed
10/29/2021, 09:16 PM
Previous filing
Sep 15, 2021
Next filing
Dec 3, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HOOD Class A Common Stock Options Exercise +125K +161.23% 203K Oct 27, 2021 Direct F1
transaction HOOD Class A Common Stock Tax liability -$2.14M -60.4K -29.81% $35.44 142K Oct 27, 2021 Direct F2

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 -22.6K -11.11% $0.00 181K Oct 27, 2021 Class A Common Stock 22.6K Direct F1, F3
transaction HOOD Restricted Stock Units Options Exercise $0 -19.3K -8.33% $0.00 212K Oct 27, 2021 Class A Common Stock 19.3K Direct F1, F4
transaction HOOD Restricted Stock Units Options Exercise $0 -83.3K -8.33% $0.00 916K Oct 27, 2021 Class A Common Stock 83.3K Direct F1, F5
* 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 Represents shares withheld by Robinhood Markets, Inc. ("Robinhood") to satisfy tax withholding obligations in connection with the vesting of 125,106 RSUs and does not represent a sale by the Reporting Person.
F3 On December 9, 2020, the Reporting Person was granted 270,968 RSUs under Robinhood's 2020 Equity Incentive Plan (the "2020 Plan"). One-twelfth (1/12) of these RSUs were scheduled to vest on January 1, 2021, 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.
F4 On June 16, 2020, the Reporting Person was granted 308,419 RSUs under the 2020 Plan. One-fourth (1/4) of these RSUs were scheduled to vest on May 12, 2021, with the remainder scheduled to vest in twelve (12) 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.
F5 On September 3, 2020, the Reporting Person was granted 1,332,014 RSUs under the 2020 Plan. One-fourth (1/4) of these RSUs were scheduled to vest on May 12, 2021, with the remainder scheduled to vest in twelve (12) 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.