Form 4 for HOOD Robinhood Markets
Accepted 2024-04-02 00:00:00 ET · period of report 2024-03-31 · accession 0001062993-24-007821 · 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 | 2024-04-02 | 2024-03-31 | HOOD | Malka Meyer | Dir | A - Grant | — | +726 | 47.3K | +2% | — |
| D | 2024-04-02 | 2024-04-01 | HOOD | Malka Meyer | Dir | M - OptEx | — | +7,059 | 54.3K | +15% | — |
| DM | 2024-04-02 | 2024-04-01 | HOOD | Malka Meyer | Dir | M - OptEx | $0.00 | -7,059 | 5,734 | -55% | $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 | 2024-03-31 | A | A | 726 | — | 47,281 | D | — | — | (F1) On March 31, 2024, the Reporting Person was automatically granted 726 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 Robinhood's 2021 Omnibus Incentive Plan (the "2021 Plan"). This grant was made in lieu of cash fees, based on the March 28, 2024 closing price of $20.13 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 and/or remit the proceeds of sale of 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 | 2024-04-01 | M | A | 7,059 | — | 54,340 | 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 and/or remit the proceeds of sale of 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 | 2024-04-01 | M | D | 5,625 | $0.00 | 5,625 | D | — · — to — | 5,625 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 and/or remit the proceeds of sale of 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. (F11) On June 20, 2023, the Reporting Person was granted 22,500 RSUs under the 2021 Plan. One-fourth (1/4) of these RSUs vested on October 1, 2023, with the remainder scheduled to vest in three (3) equal quarterly installments thereafter (except the final installment will vest no later than the day before Robinhood's 2024 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. |
| 4 | Derivative | Restricted Stock Units | 2024-04-01 | M | D | 1,434 | $0.00 | 5,734 | D | — · — to — | 1,434 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 and/or remit the proceeds of sale of 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. (F10) On March 23, 2022, the Reporting Person was granted 17,201 RSUs under the 2021 Plan. One-twelfth (1/12) of these RSUs vested on July 1, 2022, with the remainder scheduled to vest in eleven (11) 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. |