Steven M. Quirk - May 1, 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
Stock symbol
HOOD
Transactions as of
May 1, 2024
Transactions value $
-$317,070
Form type
4
Date filed
5/3/2024, 07:19 PM
Previous filing
Mar 22, 2024
Next filing
Jun 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HOOD Class A Common Stock Options Exercise +43.4K +10.86% 443K May 1, 2024 Direct F1
transaction HOOD Class A Common Stock Tax liability -$317K -19.2K -4.34% $16.49 424K May 1, 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 -43.4K -12.5% $0.00 304K May 1, 2024 Class A Common Stock 43.4K Direct F1, F3
* 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 43,402 RSUs and does not represent a sale by the Reporting Person.
F3 On March 24, 2022, the Reporting Person was granted 694,444 RSUs under Robinhood's 2021 Omnibus Incentive Plan (the "March 2022 Grant"). 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. Due to a scrivener's error, the Form 4 filed on March 5, 2024 by the reporting person mistakenly indicated that 27,996 RSU shares vested on March 1, 2024 pursuant to the March 2022 Grant. In fact, those shares vested on March 1, 2024 pursuant to a different RSU grant that was made on March 22, 2023. No RSU shares subject to the March 2022 Grant vested on March 1, 2024.