Steven M. Quirk - Feb 1, 2023 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: Feb 1, 2023
Transactions value $: -$137,100
Form type: 4
Date filed: 2/3/2023, 05:29 PM
Previous filing: Dec 5, 2022
Next filing: Mar 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		+43.4K	+38.29%		157K	Feb 1, 2023	Direct	F1
transaction	HOOD	Class A Common Stock	Tax liability	-$137K	-12.7K	-8.11%	$10.78	144K	Feb 1, 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	-43.4K	-7.69%	$0.00	521K	Feb 1, 2023	Class A Common Stock	43.4K		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 43,403 RSUs and does not represent a sale by the Reporting Person.
F3	On March 24, 2022, the Reporting Person was granted 694,444 RSUs under Robinhood's 2021 Omnibus Incentive Plan. One-sixteenth (1/16) of these RSUs vested on May 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.