Jason Warnick - Jul 11, 2023 Form 4 Insider Report for Robinhood Markets, Inc. (HOOD)

Signature
/s/ Brandon Webb, attorney-in-fact for Jason Warnick
Stock symbol
HOOD
Transactions as of
Jul 11, 2023
Transactions value $
-$480,000
Form type
4
Date filed
7/13/2023, 06:07 PM
Previous filing
Jul 5, 2023
Next filing
Aug 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HOOD Class A Common Stock Sale -$480K -40K -5.35% $12.00 708K Jul 11, 2023 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person in August 2022.
F2 This transaction was executed in multiple trades during the day at a price of $12.00. The Reporting Person hereby undertakes to provide to the SEC staff, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares and prices at which the trades were made.