Daniel M. Gallagher Jr. - 01 Jun 2022 Form 4 Insider Report for Robinhood Markets, Inc. (HOOD)

Role: Chief Legal Officer
Signature: /s/ Brandon Webb, attorney-in-fact for Daniel M. Gallagher, Jr.
Issuer symbol: HOOD
Transactions as of: 01 Jun 2022
Net transactions value: -$130,955
Form type: 4
Filing time: 03 Jun 2022, 18:38:09 UTC
Previous filing: 20 May 2022
Next filing: 05 Jul 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HOOD	Class A Common Stock	Options Exercise		+28,935	+11%		288,046	01 Jun 2022	Direct	F1, F2
transaction	HOOD	Class A Common Stock	Tax liability	$130,955	-13,976	-4.9%	$9.37	274,070	01 Jun 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	-28,935	-6.2%	$0.000000	434,028	01 Jun 2022	Class A Common Stock	28,935		Direct	F1, F4

* 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	Reflects the acquisition of 1,795 shares in May 2022 under the Robinhood Markets, Inc. ("Robinhood") 2021 Employee Share Purchase Plan.
F3	Represents shares withheld by Robinhood to satisfy tax withholding obligations in connection with the vesting and settlement of 28,935 RSUs and does not represent a sale by the Reporting Person.
F4	On March 24, 2022, the Reporting Person was granted 462,963 RSUs under Robinhood's 2021 Omnibus Incentive Plan. One-sixteenth (1/16) of these RSUs were scheduled to vest on June 1, 2022, with the remainder scheduled to vest in fifteen (15) 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.