Baiju Bhatt - May 10, 2024 Form 4 Insider Report for Robinhood Markets, Inc. (HOOD)

Role
Director
Signature
/s/ Brandon Webb, attorney-in-fact for Baiju Bhatt
Stock symbol
HOOD
Transactions as of
May 10, 2024
Transactions value $
-$2,547,138
Form type
4
Date filed
5/14/2024, 06:38 PM
Previous filing
Apr 25, 2024
Next filing
May 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HOOD Class A Common Stock Conversion of derivative security +117K +324.97% 153K May 10, 2024 By Living Trust F1, F2
transaction HOOD Class A Common Stock Sale -$2.55M -153K -100% $16.63 0 May 10, 2024 By Living Trust F3, F4
holding HOOD Class A Common Stock 0 May 10, 2024 Direct

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 Class B Common Stock Conversion of derivative security $0 -117K -0.2% $0.00 58.1M May 10, 2024 Class A Common Stock 117K By Living Trust F1, F5
* 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 As part of the transaction effected on May 10, 2024 pursuant to the Rule 10b5-1 trading plan adopted by the Living Trust on September 13, 2023 ("Bhatt 10b5-1 plan"), the Living Trust sold 117,135 shares of it's Class B Common Stock, resulting in an automatic conversion of the shares into Class A Common Stock upon execution of the sale.
F2 Reflects the prior transfer of 36,045 shares of Class A Common Stock from the Reporting Person to the Living Trust, which transfer effected only a change in the form of beneficial ownership and did not result in any change in the Reporting Person's pecuniary interest in such shares.
F3 This transaction was effected pursuant to the Bhatt 10b5-1 plan.
F4 This transaction was executed in multiple trades during the day at prices ranging from $16.22 to $17.63. 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 Reflects the total after giving effect to the transaction reported herein and correction of the total reflected on the Form 4 filed on April 25, 2024.