Baiju Bhatt - Nov 1, 2022 Form 4 Insider Report for Robinhood Markets, Inc. (HOOD)

Role: Chief Creative Officer, Director
Signature: /s/ Brandon Webb, attorney-in-fact for Baiju Bhatt
Stock symbol: HOOD
Transactions as of: Nov 1, 2022
Transactions value $: -$341,497
Form type: 4
Date filed: 11/3/2022, 06:39 PM
Previous filing: Aug 3, 2022
Next filing: Dec 13, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HOOD	Class A Common Stock	Options Exercise		+57.6K	+15.54%		428K	Nov 1, 2022	Direct	F1, F2
transaction	HOOD	Class A Common Stock	Sale	-$341K	-29.4K	-6.85%	$11.63	399K	Nov 2, 2022	Direct	F2, F3, F4
holding	HOOD	Class A Common Stock						1.38M	Nov 1, 2022	By Living Trust	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	Market-Based Performance Stock Units	Options Exercise	$0	-57.6K	-0.5%	$0.00	11.5M	Nov 1, 2022	Class A Common Stock	57.6K		Direct	F1, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Performance stock units ("PSUs") convert into Class A Common Stock on a one-for-one basis upon vesting and settlement.
F2	Reflects the prior transfer of 370,766 shares of Class A Common Stock from the Reporting Person to his Living 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.
F3	This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person in July 2021 which provides for an automatic sale of a sufficient number of shares to cover the tax withholding liability associated with the vesting and settlement of the 57,632 PSUs reported above.
F4	This transaction was executed in multiple trades during the day at prices ranging from $11.51 to $11.90. 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.
F5	On October 8, 2019, the Reporting Person was granted 13,831,829 market-based PSUs under the Robinhood Markets Inc. ("Robinhood") Amended and Restated 2013 Stock Plan. Subject to accelerated vesting in certain circumstances, portions of the award become eligible to vest based on satisfaction of share-price goals of $30.45 (20% portion), $50.75 (30% portion), and $101.50 (50% portion). These goals were initially tested based on Robinhood's initial public offering ("IPO") price, and thereafter are tested based on its trailing 60-trading-day average daily VWAP. When a share-price goal is achieved, half of the PSUs allocated to that level vest immediately, with the other half of the PSUs allocated to that level vesting in accordance with a time-based service schedule in twenty-four (24) equal quarterly installments from a vesting commencement date of August 1, 2018 through August 1, 2024, subject to the Reporting Person's continued service with Robinhood through the applicable vesting date.