Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
holding | HOOD | Class A Common Stock | 0 | Jun 22, 2022 | Direct | F1 | |||||
holding | HOOD | Class A Common Stock | 77K | Jun 22, 2022 | By Trust | F1 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | HOOD | Restricted Stock Units | Award | $0 | +30K | $0.00 | 30K | Jun 22, 2022 | Class A Common Stock | 30K | Direct | F2, F3, F4 |
Id | Content |
---|---|
F1 | Reflects the prior transfer of 9,056 shares from the Reporting Person to his revocable trust in June 2022, 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 | This RSU award represents the Reporting Person's annual grant pursuant to the Non-Employee Director Compensation Program of Robinhood Markets, Inc. ("Robinhood") and was granted automatically on the date of Robinhood's annual meeting of stockholders. |
F4 | On June 22, 2022, the Reporting Person was granted 30,040 RSUs under Robinhood's 2021 Omnibus Incentive Plan. One-fourth (1/4) of these RSUs are scheduled to vest on October 1, 2022, with the remainder scheduled to vest in three (3) equal quarterly installments thereafter (except the final installment will vest no later than 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. 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. |