Frances Frei - Dec 31, 2021 Form 4 Insider Report for Robinhood Markets, Inc. (HOOD)

Role
Director
Signature
Brandon Webb, attorney-in-fact for Frances Frei
Stock symbol
HOOD
Transactions as of
Dec 31, 2021
Transactions value $
$0
Form type
4
Date filed
1/4/2022, 05:44 PM
Previous filing
Nov 17, 2021
Next filing
Mar 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HOOD Class A Common Stock Award +492 +5.29% 9.79K Dec 31, 2021 Direct F1, F2
transaction HOOD Class A Common Stock Options Exercise +752 +7.69% 10.5K Jan 1, 2022 Direct F3

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 -752 -20.61% $0.00 2.9K Jan 1, 2022 Class A Common Stock 752 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On December 31, 2021, the Reporting Person was automatically granted 492 shares of Class A Common Stock 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 stock, and the Robinhood 2021 Omnibus Incentive Plan. This grant was made in lieu of cash fees, based on the December 31, 2021 closing price of $17.76 per share of Class A Common Stock, and these shares were fully vested upon grant.
F2 Reflects the acquisition of 4,461 shares for no consideration pursuant to a pro-rata distribution that is exempt from Section 16 of the Securities Exchange Act of 1934, as amended, under Rule 16a-9(a). The Reporting Person received the shares in November 2021 from a limited liability company in which she beneficially holds a non-managing membership interest.
F3 Restricted stock units ("RSUs") convert into Class A Common Stock on a one-for-one basis upon vesting and settlement.
F4 On November 15, 2021, the Reporting Person was granted 3,649 RSUs under Robinhood's 2021 Omnibus Incentive Plan. Of that amount, 752 RSUs vested on January 1, 2022, 1,440 RSUs are scheduled to vest on April 1, 2022, and 1,457 RSUs are scheduled to vest on July 1, 2022 (or, if earlier, the day before Robinhood's next annual meeting of stockholders). 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.