Form 4 for HOOD Robinhood Markets
Accepted 2022-04-04 00:00:00 ET · period of report 2022-03-31 · accession 0000899243-22-013483 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2022-04-04 | 2022-03-31 | HOOD | Malka Meyer | Dir | A - Grant | — | +108 | 108 | New | — |
| D | 2022-04-04 | 2022-04-01 | HOOD | Malka Meyer | Dir | M - OptEx | — | +335 | 443 | +310% | — |
| D | 2022-04-04 | 2022-04-01 | HOOD | Malka Meyer | Dir | M - OptEx | $0.00 | -335 | 3,388 | -9% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2022-03-31 | A | A | 108 | — | 108 | D | — | — | (F1) On March 31, 2021, the Reporting Person was automatically granted 108 shares of Class A Common Stock under the Non-Employee Director Compensation Program of Robinhood Markets, Inc. ("Robinhood"), which permits directors to elect to receive payment of quarterly director fees in the form of stock, and the Robinhood 2021 Omnibus Incentive Plan (the "2021 Plan"). This grant was made in lieu of cash fees, based on the March 31, 2022 closing price of $13.51 per share of Class A Common Stock, and these shares were fully vested upon grant. (F2) The Reporting Person is the founder and managing partner of the Ribbit Capital family of funds, and is contractually obligated to transfer any shares issued pursuant to stock awards or upon vesting and settlement of restricted stock units ("RSUs") to certain entities affiliated with such funds. The Reporting Person disclaims beneficial ownership of such shares for purposes of Section 16 of the Securities Exchange Act of 1934 ("Section 16") except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that such shares are beneficially owned by him for Section 16 or any other purpose. |
| 2 | Common | Class A Common Stock | 2022-04-01 | M | A | 335 | — | 443 | D | — | — | (F3) RSUs convert into Class A Common Stock on a one-for-one basis upon vesting and settlement. (F2) The Reporting Person is the founder and managing partner of the Ribbit Capital family of funds, and is contractually obligated to transfer any shares issued pursuant to stock awards or upon vesting and settlement of restricted stock units ("RSUs") to certain entities affiliated with such funds. The Reporting Person disclaims beneficial ownership of such shares for purposes of Section 16 of the Securities Exchange Act of 1934 ("Section 16") except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that such shares are beneficially owned by him for Section 16 or any other purpose. |
| 3 | Derivative | Restricted Stock Units | 2022-04-01 | M | D | 335 | $0.00 | 3,388 | D | — · — to — | 335 Class A Common Stock | (F2) The Reporting Person is the founder and managing partner of the Ribbit Capital family of funds, and is contractually obligated to transfer any shares issued pursuant to stock awards or upon vesting and settlement of restricted stock units ("RSUs") to certain entities affiliated with such funds. The Reporting Person disclaims beneficial ownership of such shares for purposes of Section 16 of the Securities Exchange Act of 1934 ("Section 16") except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that such shares are beneficially owned by him for Section 16 or any other purpose. (F3) RSUs convert into Class A Common Stock on a one-for-one basis upon vesting and settlement. (F7) On March 23, 2022, the Reporting Person was granted 3,723 RSUs under the 2021 Plan. Of that amount, 335 RSUs vested on April 1, 2022, and 3,388 RSUs are scheduled to vest on July 1, 2022 (or, if earlier, the day before Robinhood's next annual meeting of stockholders), 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. |