Jonathan Rubinstein - Sep 30, 2023 Form 4 Insider Report for Robinhood Markets, Inc. (HOOD)

Role: Director
Signature: /s/ Brandon Webb, attorney-in-fact for Jonathan Rubinstein
Stock symbol: HOOD
Transactions as of: Sep 30, 2023
Transactions value $: $0
Form type: 4
Date filed: 10/3/2023, 06:20 PM
Previous filing: Sep 5, 2023
Next filing: Nov 17, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HOOD	Class A Common Stock	Award		+3.2K	+98.98%		6.43K	Sep 30, 2023	Direct	F1
transaction	HOOD	Class A Common Stock	Options Exercise		+5.63K	+87.49%		12.1K	Oct 1, 2023	Direct	F2
holding	HOOD	Class A Common Stock						109K	Sep 30, 2023	By Trust	F3

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	-5.63K	-25%	$0.00	16.9K	Oct 1, 2023	Class A Common Stock	5.63K		Direct	F1, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On September 30, 2023, the Reporting Person was automatically granted 3,198 shares of Class A Common Stock under the Non-Employee Director Compensation Program of Robinhood Markets, Inc. ("Robinhood"), which permits directors to elect to receive payment of quarterly director fees in the form of stock, and Robinhood's 2021 Omnibus Incentive Plan (the "2021 Plan"). This grant was made in lieu of cash fees, based on the September 29, 2023 closing price of $9.81 per share of Class A Common Stock, and these shares were fully vested upon grant.
F2	Restricted stock units ("RSUs") convert into Class A Common Stock on a one-for-one basis upon vesting and settlement.
F3	Reflects the prior transfer of 12,198 shares of Class A Common Stock from the Reporting Person to a trust, which transfer effected only a change in the form of beneficial ownership and did not result in any change in the Reporting Person's pecuniary interest in such shares.
F4	On June 20, 2023, the Reporting Person was granted 22,500 RSUs under the 2021 Plan. One-fourth (1/4) of these RSUs vested on October 1, 2023, with the remainder vesting in three (3) equal quarterly installments thereafter (except the final installment will vest no later than the day before Robinhood's 2024 annual meeting of stockholders), 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.