Filing Details
- Accession Number:
- 0001783879-23-000031
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-02-03 18:28:28
- Reporting Period:
- 2023-02-01
- Accepted Time:
- 2023-02-03 18:28:28
- 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 | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Acquisiton | 2023-02-01 | 57,633 | $0.00 | 85,899 | No | 4 | M | Direct | |
| Class A Common Stock | Disposition | 2023-02-02 | 19,918 | $11.28 | 65,981 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Class A Common Stock | Market-Based Performance Stock Units | Disposition | 2023-02-01 | 57,633 | $0.00 | 57,633 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 11,411,259 | 2025-12-31 | No | 4 | M | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Class A Common Stock | 1,185,047 | Indirect | By Living Trust |
Footnotes
- Performance stock units ("PSUs") convert into Class A Common Stock on a one-for-one basis upon vesting and settlement.
- This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person in August 2022 which provides for an automatic sale of a sufficient number of shares to cover the tax withholding liability associated with the vesting and settlement of the 57,633 PSUs reported above.
- This transaction was executed in multiple trades during the day at prices ranging from $11.04 to $11.49. 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.
- On October 8, 2019, the Reporting Person was granted 13,831,829 market-based PSUs under the 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.
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