Vladimir Tenev - 01 Aug 2024 Form 4 Insider Report for Robinhood Markets, Inc. (HOOD)

Role: Chief Executive Officer, Director
Signature: /s/ Brandon Webb, attorney-in-fact for Vladimir Tenev
Issuer symbol: HOOD
Transactions as of: 01 Aug 2024
Net transactions value: -$600,829
Form type: 4
Filing time: 05 Aug 2024, 17:55:24 UTC
Previous filing: 09 Jul 2024
Next filing: 07 Aug 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		+57,633			57,633	01 Aug 2024	Direct	F1
transaction	HOOD	Class A Common Stock	Tax liability	$600,829	-29,209	-51%	$20.57	28,424	01 Aug 2024	Direct	F2
holding	HOOD	Class A Common Stock						6,907	01 Aug 2024	By Living Trust

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	Market-Based Performance Stock Units	Options Exercise	$0	-57,633	-0.52%	$0.000000	11,065,463	01 Aug 2024	Common Stock	57,633		Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Performance stock units ("PSUs") 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 57,633 RSUs and does not represent a sale by the Reporting Person.
F3	On October 8, 2019, the Reporting Person was granted 13,831,829 market-based PSUs under Robinhood's Amended and Restated 2013 Plan. Subject to accelerated vesting in certain circumstances, portions of the award become eligible to vest based on satisfaction of share-price goals of $30.45 (20% portion), $50.75 (30% portion), and $101.50 (50% portion). These goals were initially tested based on Robinhood's initial public offering ("IPO") price, and thereafter are tested based on its trailing 60-trading-day average daily VWAP. When a share-price goal is achieved, half of the PSUs allocated to that level vest immediately, with the other half of the PSUs allocated to that level vesting in accordance with a time-based service schedule in twenty-four (24) equal quarterly installments from a vesting commencement date of August 1, 2018 through August 1, 2024, subject to the Reporting Person's continued service with Robinhood through the applicable vesting date.