Form 4 for HOOD Robinhood Markets
Accepted 2024-02-05 00:00:00 ET · period of report 2024-02-01 · accession 0001783879-24-000036 · 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 | 2024-02-05 | 2024-02-02 | HOOD | Tenev Vladimir | CEO, Dir | S - Sale+OE | $10.82 | -21.6K | 77.2K | -22% | -$233.6K |
| D | 2024-02-05 | 2024-02-01 | HOOD | Tenev Vladimir | CEO, Dir | M - OptEx | — | +57.6K | 98.8K | +140% | — |
| D | 2024-02-05 | 2024-02-01 | HOOD | Tenev Vladimir | CEO, Dir | M - OptEx | $0.00 | -57.6K | 11.18M | -0.5% | $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 | 2024-02-02 | S | D | 21,586 | $10.82 | 77,180 | D | — | — | (F3) This transaction was executed in multiple trades during the day at prices ranging from $10.66 to $10.93. 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 trades were made. |
| 2 | Common | Class A Common Stock | 2024-02-01 | M | A | 57,632 | — | 98,766 | D | — | — | (F1) Performance stock units ("PSUs") convert into Class A Common Stock on a one-for-one basis upon vesting and settlement. |
| 3 | Derivative | Market-Based Performance Stock Units | 2024-02-01 | M | D | 57,632 | $0.00 | 11,180,729 | D | — · — to 2025-12-31 | 57,632 Class A Common Stock | (F1) Performance stock units ("PSUs") convert into Class A Common Stock on a one-for-one basis upon vesting and settlement. (F4) On October 8, 2019, the Reporting Person was granted 13,831,829 market-based PSUs under Robinhood Markets, Inc ("Robinhood") Amended and Restated 2013 Stock 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. |