Steven M. Quirk - Dec 1, 2022 Form 4 Insider Report for Robinhood Markets, Inc. (HOOD)

Role: Chief Brokerage Officer
Signature: /s/ Brandon Webb, attorney-in-fact for Steven M. Quirk
Stock symbol: HOOD
Transactions as of: Dec 1, 2022
Transactions value $: -$221,957
Form type: 4
Date filed: 12/5/2022, 05:35 PM
Previous filing: Nov 3, 2022
Next filing: Feb 3, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HOOD	Class A Common Stock	Options Exercise		+50.8K	+59.67%		136K	Dec 1, 2022	Direct	F1
transaction	HOOD	Class A Common Stock	Tax liability	-$222K	-22.5K	-16.56%	$9.87	113K	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	-50.8K	-12.5%	$0.00	355K	Dec 1, 2022	Class A Common Stock	50.8K		Direct	F1, F3

* 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 50,761 RSUs and does not represent a sale by the Reporting Person.
F3	On September 7, 2022, the Reporting Person was granted 406,091 RSUs under Robinhood's 2021 Omnibus Incentive 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.