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Filing Details

Accession Number:: 0001628280-21-015057
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-07-30 16:23:56
Reporting Period:: 2021-07-28

Accepted Time:: 2021-07-30 16:23:56
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1783879	Robinhood Markets Inc.	HOOD	Security Brokers, Dealers & Flotation Companies (6211)	464364776

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1870914	Baiju Bhatt	C/O Robinhood Markets, Inc. 85 Willow Road Menlo Park CA 94025	Chief Creative Officer	Yes	Yes	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2021-07-28	4,013,657	$0.00	4,013,657	No	4	M	Direct
Common Stock	Disposition	2021-07-28	1,989,980	$38.00	2,023,677	No	4	F	Direct
Common Stock	Disposition	2021-07-28	1,250,000	$36.40	773,677	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	F	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Restricted Stock Units	Disposition	2021-07-28	1,996,516	$0.00	1,996,516	$0.00
Common Stock	Market-Based Performance Stock Units	Disposition	2021-07-28	2,017,141	$0.00	2,017,141	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
907,508		2026-10-08	No	4	M	Direct
11,814,688		2025-12-31	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	60,791,600	Indirect	By Living Trust
Common Stock	565,079	Indirect	By Family Trust
Common Stock	1,720,944	Indirect	By 2018 GRAT
Common Stock	2,000,000	Indirect	By 2021 GRAT

Footnotes

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").
Represents shares received upon vesting of Restricted Stock Units ("RSUs") and Performance Stock Units ("PSUs") in connection with the IPO Liquidity Event (as defined below).
RSUs and PSUs convert into Common Stock on a one-for-one basis upon vesting and settlement.
Represents shares withheld by Robinhood to satisfy tax withholding obligations in connection with the vesting of a total of 4,013,657 RSUs and PSUs and does not represent a sale by the Reporting Person.
Represents shares sold by the Reporting Person as a selling stockholder in the IPO.
Represents the IPO price, less underwriting discounts and commissions.
On October 8, 2019, the Reporting Person was granted 2,904,024 RSUs under Robinhood's Amended and Restated 2013 Stock Plan (the "2013 Plan"). Subject to accelerated vesting in certain circumstances, one-fourth (1/4) of these RSUs were scheduled to vest on August 1, 2019, 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").
On October 8, 2019, the Reporting Person was granted 13,831,829 market-based PSUs under the 2013 Plan, which award was amended and restated on May 26, 2021. 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 are initially tested based on the IPO price and, thereafter, based on 60-trading-day average daily VWAP. When a share-price goal is achieved, subject to the occurrence of a Liquidity Event, 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.