Steven M. Quirk - 01 Mar 2024 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 Mar 2024
Net transactions value
-$490,181
Form type
4
Filing time
05 Mar 2024, 18:08:53 UTC
Previous filing
27 Feb 2024
Next filing
22 Mar 2024
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 +78,758 +22% 429,527 01 Mar 2024 Direct F1
transaction HOOD Class A Common Stock Tax liability $490,181 -30,054 -7% $16.31 399,473 01 Mar 2024 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 Mar 2024 Class A Common Stock 50,762 Direct F1, F3
transaction HOOD Restricted Stock Units Options Exercise $0 -27,996 -8.1% $0.000000 319,226 01 Mar 2024 Class A Common Stock 27,996 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 78,758 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 24, 2022, the Reporting Person was granted 694,444 RSUs under the 2021 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.