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

Showing 1 to 3 of 3 entries

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.