Daniel M. Gallagher Jr. - 17 Aug 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
17 Aug 2022
Net transactions value
-$172,441
Form type
4
Filing time
19 Aug 2022, 18:23:45 UTC
Previous filing
08 Aug 2022
Next filing
02 Sep 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 $102,400 +10,000 +4.4% $10.24 238,748 17 Aug 2022 Direct
transaction HOOD Class A Common Stock Sale $274,841 -27,181 -11% $10.11 211,567 18 Aug 2022 Direct F1, F2

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 Employee Stock Option (right to buy) Options Exercise $0 -10,000 -4.4% $0.000000 219,595 17 Aug 2022 Class A Common Stock 10,000 $10.24 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person in July 2021.
F2 This transaction was executed in multiple trades during the day at prices ranging from $9.96 to $10.38. The weighted-average price is reported above. The Reporting Person hereby undertakes to provide to the SEC staff, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares and prices at which the trades were made.
F3 On July 6, 2020, the Reporting Person was granted an option to purchase 264,360 shares of common stock under the Robinhood Markets, Inc. ("Robinhood") 2020 Equity Incentive Plan. The underlying shares of common stock were automatically reclassified as shares of Class A Common Stock upon the filing of Robinhood's Amended and Restated Certificate of Incorporation immediately prior to Robinhood's initial public offering. This option vested and became exercisable as to one-fourth (1/4) of those shares on May 12, 2021, with the remainder scheduled to vest and become exercisable in twelve (12) 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.