Daniel M. Gallagher Jr - Dec 1, 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.
Stock symbol
HOOD
Transactions as of
Dec 1, 2022
Transactions value $
-$500,932
Form type
4
Date filed
12/5/2022, 05:34 PM
Previous filing
Nov 3, 2022
Next filing
Dec 7, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HOOD Class A Common Stock Options Exercise +105K +36.08% 396K Dec 1, 2022 Direct F1
transaction HOOD Class A Common Stock Tax liability -$501K -50.8K -12.81% $9.87 346K Dec 1, 2022 Direct 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 Restricted Stock Units Options Exercise $0 -76.1K -12.5% $0.00 533K Dec 1, 2022 Class A Common Stock 76.1K Direct F1, F3
transaction HOOD Restricted Stock Units Options Exercise $0 -28.9K -7.14% $0.00 376K Dec 1, 2022 Class A Common Stock 28.9K 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 Represents shares withheld by Robinhood Markets, Inc. ("Robinhood") to satisfy tax withholding obligations in connection with the vesting and settlement of 105,077 RSUs and does not represent a sale by the Reporting Person.
F3 On September 7, 2022, the Reporting Person was granted 609,137 RSUs under Robinhood's 2021 Omnibus Incentive Plan (the "2021 Plan"). One-eighth (1/8) of these RSUs vested on December 1, 2022, with the remainder scheduled to vest in seven (7) 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.
F4 On March 24, 2022, the Reporting Person was granted 462,963 RSUs under the 2021 Plan. One-sixteenth (1/16) of these RSUs vested 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.