Form 4 for HOOD Robinhood Markets
Accepted 2024-08-05 00:00:00 ET · period of report 2024-08-01 · accession 0001783879-24-000227 · 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 | 2024-08-05 | 2024-08-01 | HOOD | Tenev Vladimir | CEO, Dir | M - OptEx | — | +57.6K | 57.6K | New | — |
| D | 2024-08-05 | 2024-08-01 | HOOD | Tenev Vladimir | CEO, Dir | F - Tax | $20.57 | -29.2K | 28.4K | -51% | -$600.8K |
| D | 2024-08-05 | 2024-08-01 | HOOD | Tenev Vladimir | CEO, Dir | M - OptEx | $0.00 | -57.6K | 11.07M | -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 | 2024-08-01 | M | A | 57,633 | — | 57,633 | D | — | — | (F1) Performance stock units ("PSUs") convert into Class A Common Stock on a one-for-one basis upon vesting and settlement. |
| 2 | Common | Class A Common Stock | 2024-08-01 | F | D | 29,209 | $20.57 | 28,424 | D | — | — | (F2) Represents shares withheld by Robinhood Markets, Inc. ("Robinhood") to satisfy tax withholding obligations in connection with the vesting and settlement of 57,633 RSUs and does not represent a sale by the Reporting Person. |
| 3 | Derivative | Market-Based Performance Stock Units | 2024-08-01 | M | D | 57,633 | $0.00 | 11,065,463 | D | — · — to 2025-12-31 | 57,633 Common Stock | (F3) On October 8, 2019, the Reporting Person was granted 13,831,829 market-based PSUs under Robinhood's Amended and Restated 2013 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. |