JONATHAN RUBINSTEIN - 28 Jul 2021 Form 3 Insider Report for Robinhood Markets, Inc. (HOOD)

Role
Director
Signature
/s/ Christina Lai, attorney-in-fact for Jonathan Rubinstein
Issuer symbol
HOOD
Transactions as of
28 Jul 2021
Transactions value $
$0
Form type
3
Filing time
29 Jul 2021, 16:43:19 UTC
Next filing
04 Aug 2021
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding HOOD Restricted Stock Units 28 Jul 2021 Common Stock 72.4K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On May 28, 2021, the Reporting Person was granted 72,446 restricted stock units ("RSUs") under the Robinhood Markets, Inc. ("Robinhood") 2020 Equity Incentive Plan. Subject to accelerated vesting in certain circumstances, one-sixteenth (1/16) of these RSUs are scheduled to vest on September 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, which was satisfied upon the effectiveness of Robinhood's initial public offering ("IPO") registration statement on Form S-1.
F2 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 Robinhood's Amended and Restated Certificate of Incorporation immediately prior to the closing of Robinhood's IPO.
F3 RSUs convert into Common Stock on a one-for-one basis upon vesting and settlement.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney