Daniel M. Gallagher Jr - Jan 1, 2023 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
Jan 1, 2023
Transactions value $
-$69,491
Form type
4
Date filed
1/4/2023, 05:47 PM
Previous filing
Dec 7, 2022
Next filing
Jan 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HOOD Class A Common Stock Options Exercise +22.6K +6.78% 356K Jan 1, 2023 Direct F1
transaction HOOD Class A Common Stock Tax liability -$69.5K -8.54K -2.4% $8.14 347K Jan 3, 2023 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 -22.6K -25% $0.00 67.7K Jan 1, 2023 Class A Common Stock 22.6K 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 of 22,581 RSUs and does not represent a sale by the Reporting Person.
F3 On December 9, 2020, the Reporting Person was granted 270,968 RSUs under Robinhood's 2020 Equity Incentive Plan. One-twelfth (1/12) of these RSUs vested on January 1, 2021, with the remainder scheduled to vest in eleven (11) 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.