Jason Warnick - Apr 1, 2024 Form 4 Insider Report for Robinhood Markets, Inc. (HOOD)

Role
Chief Financial Officer
Signature
/s/ Brandon Webb, attorney-in-fact for Jason Warnick
Stock symbol
HOOD
Transactions as of
Apr 1, 2024
Transactions value $
-$499,237
Form type
4
Date filed
4/2/2024, 06:45 PM
Previous filing
Mar 22, 2024
Next filing
May 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HOOD Class A Common Stock Options Exercise +60.5K +6.23% 1.03M Apr 1, 2024 Direct F1
transaction HOOD Class A Common Stock Tax liability -$401K -24.6K -2.38% $16.33 1.01M Apr 1, 2024 Direct F2
transaction HOOD Class A Common Stock Sale -$98K -5K -0.5% $19.59 1M Apr 1, 2024 Direct F3, F4

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 -20.2K -25% $0.00 60.5K Apr 1, 2024 Class A Common Stock 20.2K Direct F1, F5
transaction HOOD Restricted Stock Units Options Exercise $0 -40.3K -25% $0.00 121K Apr 1, 2024 Class A Common Stock 40.3K Direct F1, F6
* 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 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 60,483 RSUs and does not represent a sale by the Reporting Person.
F3 This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 4, 2022.
F4 This transaction was executed in multiple trades during the day at prices ranging from $19.39 to $20.11. The weighted-average price is reported above. 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.
F5 On December 9, 2020, the Reporting Person was granted 322,580 RSUs under Robinhood's 2020 Equity Incentive Plan (the "2020 Plan"). One-sixteenth (1/16) of these RSUs vested on April 1, 2021, 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.
F6 On December 9, 2020, the Reporting Person was granted 322,580 RSUs under the 2020 Plan. One-eighth (1/8) of these RSUs vested on April 1, 2023, 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.