Form 4 for HOOD Robinhood Markets
Accepted 2021-07-30 00:00:00 ET · period of report 2021-07-28 · accession 0001628280-21-015064 · 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 | 2021-07-30 | 2021-07-28 | HOOD | Smedley Christina | CMO | M - OptEx | — | +174.8K | 174.8K | New | — |
| D | 2021-07-30 | 2021-07-28 | HOOD | Smedley Christina | CMO | F - Tax | $38.00 | -74.8K | 99.9K | -43% | -$2.84M |
| D | 2021-07-30 | 2021-07-29 | HOOD | Smedley Christina | CMO | S - Sale+OE | $35.28 | -99.9K | 0 | -100% | -$3.52M |
| DM | 2021-07-30 | 2021-07-28 | HOOD | Smedley Christina | CMO | M - OptEx | $0.00 | -174.8K | 225.8K | -44% | $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 | Common Stock | 2021-07-28 | M | A | 174,758 | — | 174,758 | D | — | — | (F1) Shares of Common Stock will automatically be reclassified as shares of Class A Common Stock on a one-for-one basis upon the filing of the Amended and Restated Certificate of Incorporation of Robinhood Markets, Inc. ("Robinhood") immediately prior to the closing of Robinhood's initial public offering ("IPO). (F2) Represents shares received upon vesting of restricted stock units ("RSUs") in connection with the IPO Liquidity Event (as defined below). (F3) RSUs convert into Common Stock on a one-for-one basis upon vesting and settlement. |
| 2 | Common | Common Stock | 2021-07-28 | F | D | 74,847 | $38.00 | 99,884 | D | — | — | (F1) Shares of Common Stock will automatically be reclassified as shares of Class A Common Stock on a one-for-one basis upon the filing of the Amended and Restated Certificate of Incorporation of Robinhood Markets, Inc. ("Robinhood") immediately prior to the closing of Robinhood's initial public offering ("IPO). (F4) Represents shares withheld by Robinhood to satisfy tax withholding obligations in connection with the vesting of 174,758 RSUs and does not represent a sale by the Reporting Person. |
| 3 | Common | Common Stock | 2021-07-29 | S | D | 99,884 | $35.28 | 0 | D | — | — | (F5) This transaction was executed in multiple trades during the day at prices ranging from $34.82 to $39.99. 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 transactions were effected. |
| 4 | Derivative | Restricted Stock Units | 2021-07-28 | M | D | 142,500 | $0.00 | 617,500 | D | — · — to 2027-12-09 | 142,500 Common Stock | (F3) RSUs convert into Common Stock on a one-for-one basis upon vesting and settlement. (F6) On December 9, 2020, the reporting person was granted 760,000 RSUs under Robinhood's 2020 Equity Incentive Plan (the "2020 Plan"). Subject to accelerated vesting in certain circumstances, one-fourth (1/4) of these RSUs were scheduled to vest on September 1, 2021, with the remainder scheduled to vest in twelve (12) equal quarterly installments thereafter, in each case subject to (a) the reporting person's continued service with Robinhood through the applicable vesting date and (b) the occurrence of a liquidity event, which was satisfied upon the effectiveness of Robinhood's IPO registration statement on Form S-1 ("Liquidity Event"). |
| 5 | Derivative | Restricted Stock Units | 2021-07-28 | M | D | 32,258 | $0.00 | 225,807 | D | — · — to 2028-03-10 | 32,258 Common Stock | (F3) RSUs convert into Common Stock on a one-for-one basis upon vesting and settlement. (F7) On March 10, 2021, the reporting person was granted 258,065 RSUs under the 2020 Plan. Subject to accelerated vesting in certain circumstances, one-fourth (1/4) of these RSUs were scheduled to vest on January 1, 2022, with the remainder scheduled to vest in twelve (12) equal quarterly installments thereafter, in each case subject to (a) the reporting person's continued service with Robinhood through the applicable vesting date and (b) the occurrence of a Liquidity Event. |