Steven M. Quirk - 01 Jun 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
Issuer symbol: HOOD
Transactions as of: 01 Jun 2023
Net transactions value: -$314,708
Form type: 4
Filing time: 05 Jun 2023, 19:33:45 UTC
Previous filing: 03 May 2023
Next filing: 03 Aug 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HOOD	Class A Common Stock	Options Exercise	$0	+78,757	+39%	$0.000000	280,372	01 Jun 2023	Direct	F1
transaction	HOOD	Class A Common Stock	Tax liability	$314,708	-34,890	-12%	$9.02	245,482	01 Jun 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	-50,762	-17%	$0.000000	253,807	01 Jun 2023	Class A Common Stock	50,762		Direct	F1, F3
transaction	HOOD	Restricted Stock Units	Options Exercise	$0	-27,995	-6.2%	$0.000000	419,934	01 Jun 2023	Class A Common Stock	27,995		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 78,757 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 (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 22, 2023, the Reporting Person was granted 447,929 RSUs under the 2021 Plan. One-sixteenth (1/16) of these RSUs vested on June 1, 2023, 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.