Daniel M. Gallagher Jr - Dec 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
Dec 1, 2023
Transactions value $
-$772,330
Form type
4
Date filed
12/5/2023, 06:43 PM
Previous filing
Nov 7, 2023
Next filing
Dec 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HOOD Class A Common Stock Options Exercise +172K +27.58% 794K Dec 1, 2023 Direct F1
transaction HOOD Class A Common Stock Tax liability -$772K -82.9K -10.44% $9.32 711K Dec 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 -28.9K -10% $0.00 260K Dec 1, 2023 Class A Common Stock 28.9K Direct F1, F3
transaction HOOD Restricted Stock Units Options Exercise $0 -76.1K -25% $0.00 228K Dec 1, 2023 Class A Common Stock 76.1K Direct F1, F4
transaction HOOD Restricted Stock Units Options Exercise $0 -66.5K -7.14% $0.00 864K Dec 1, 2023 Class A Common Stock 66.5K Direct F1, F5
* 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 171,567 RSUs and does not represent a sale by the Reporting Person.
F3 On March 24, 2022, the Reporting Person was granted 462,963 RSUs under Robinhood's 2021 Omnibus Incentive Plan (the "2021 Plan"). One-sixteenth (1/16) of these RSUs vested on June 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.
F4 On September 7, 2022, the Reporting Person was granted 609,137 RSUs under 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.
F5 On March 22, 2023, the Reporting Person was granted 1,063,830 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.