Daniel M. Gallagher Jr - Jul 28, 2021 Form 3/A - Amendment Insider Report for Robinhood Markets, Inc. (HOOD)

Role
Chief Legal Officer
Signature
/s/ Brandon Webb, attorney-in-fact for Daniel M. Gallagher, Jr.
Stock symbol
HOOD
Transactions as of
Jul 28, 2021
Transactions value $
$0
Form type
3/A - Amendment
Date filed
2/3/2022, 05:49 PM
Date Of Original Report
Jul 29, 2021
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 Restricted Stock Units Jul 28, 2021 Common Stock 10K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On October 8, 2019, the Reporting Person was granted 40,055 restricted stock units ("RSUs") under the Robinhood Markets, Inc. ("Robinhood") Amended and Restated 2013 Stock Plan (the "2013 Plan") for his service on Robinhood's board of directors. A total of 30,042 RSUs were forfeited on April 27, 2020 when the Reporting Person stepped down from the board to serve as Robinhood's Chief Legal Officer. Subject to accelerated vesting in certain circumstances, the remaining 10,013 RSUs will vest upon the effectiveness of Robinhood's initial public offering ("IPO") registration statement on Form S-1.
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 IPO.
F3 RSUs convert into Common Stock on a one-for-one basis upon vesting and settlement.

Remarks:

This filing amends a prior form and does not represent any new transaction. The Reporting Person's Form 3 filed on July 29, 2021 incorrectly stated that 40,055 RSUs from the October 8, 2019 RSU award remained outstanding and subject to vesting; the actual number of RSUs outstanding under such award was 10,013. This amendment shall also serve to correct the corresponding amount that was carried forward to the Reporting Person's Form 4 filed on July 30, 2021.