Form 4 for HOOD Robinhood Markets
Accepted 2021-07-30 00:00:00 ET · period of report 2021-07-28 · accession 0001628280-21-015066 · 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 | Warnick Jason | CFO | M - OptEx | — | +754.7K | 754.7K | New | — |
| D | 2021-07-30 | 2021-07-28 | HOOD | Warnick Jason | CFO | S - Sale+OE | $36.40 | -125.0K | 369.3K | -25% | -$4.55M |
| D | 2021-07-30 | 2021-07-28 | HOOD | Warnick Jason | CFO | F - Tax | $38.00 | -260.4K | 494.3K | -35% | -$9.90M |
| DM | 2021-07-30 | 2021-07-28 | HOOD | Warnick Jason | CFO | M - OptEx | $0.00 | -754.7K | 282.3K | -73% | $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 | 754,692 | — | 754,692 | 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 | S | D | 125,000 | $36.40 | 369,285 | 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"). (F5) Represents shares sold by the Reporting Person as a selling stockholder in the IPO. (F6) Represents the IPO price, less underwriting discounts and commissions. |
| 3 | Common | Common Stock | 2021-07-28 | F | D | 260,407 | $38.00 | 494,285 | 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 754,692 RSUs and does not represent a sale by the Reporting Person. |
| 4 | Derivative | Restricted Stock Units | 2021-07-28 | M | D | 262,287 | $0.00 | 437,145 | D | — · — to 2027-01-12 | 262,287 Common Stock | (F3) RSUs convert into Common Stock on a one-for-one basis upon vesting and settlement. (F8) On January 13, 2020, the Reporting Person was granted 699,432 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 December 1, 2020, 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. |
| 5 | Derivative | Restricted Stock Units | 2021-07-28 | M | D | 452,083 | $0.00 | 247,917 | D | — · — to 2025-12-14 | 452,083 Common Stock | (F3) RSUs convert into Common Stock on a one-for-one basis upon vesting and settlement. (F7) On December 15, 2018, the Reporting Person was granted 700,000 RSUs under Robinhood's Amended and Restated 2013 Stock Plan, which award was amended and restated on January 13, 2020. Subject to accelerated vesting in certain circumstances, one-fourth (1/4) of these RSUs were scheduled to vest on December 4, 2019, with the remainder scheduled to vest in thirty-six (36) equal monthly 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"). |
| 6 | Derivative | Restricted Stock Units | 2021-07-28 | M | D | 40,322 | $0.00 | 282,258 | D | — · — to 2027-12-09 | 40,322 Common Stock | (F3) RSUs convert into Common Stock on a one-for-one basis upon vesting and settlement. (F9) On December 9, 2020, the Reporting Person was granted 322,580 RSUs under the 2020 Plan. Subject to accelerated vesting in certain circumstances, one-sixteenth (1/16) of these RSUs were scheduled to vest on April 1, 2021, with the remainder scheduled to vest in fifteen (15) 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. |