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

Role
Director
Signature
Brandon Webb, attorney-in-fact for Jonathan Rubinstein
Stock symbol
HOOD
Transactions as of
Dec 31, 2021
Transactions value $
$0
Form type
4
Date filed
1/4/2022, 05:45 PM
Previous filing
Dec 3, 2021
Next filing
Mar 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding HOOD Class A Common Stock 52.6K Dec 31, 2021 Direct F1
holding HOOD Class A Common Stock 9.06K Dec 31, 2021 By Trust 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 Award +1.4K +385.36% 1.76K Dec 31, 2021 Class A Common Stock 1.4K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the prior transfer of 9,055 shares of Class A Common Stock from the Reporting Person to a trust, which transfer effected only a change in the form of beneficial ownership and did not result in any change in the Reporting Person's pecuniary interest in such shares.
F2 Restricted stock units ("RSUs") convert into Class A Common Stock on a one-for-one basis upon vesting and settlement.
F3 On December 31, 2021, the Reporting Person was automatically granted 1,395 RSUs 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 RSUs, 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 RSUs were fully vested upon grant. Pursuant to a deferral election, vested shares will be delivered to the Reporting Person on January 2, 2027 or, if earlier, upon (1) the termination of his service with Robinhood, (2) his death or disability, or (3) a change in control of Robinhood.