JONATHAN RUBINSTEIN - 30 Sep 2022 Form 4 Insider Report for Robinhood Markets, Inc. (HOOD)

Role
Director
Signature
/s/ Brandon Webb, attorney-in-fact for Jonathan Rubinstein
Issuer symbol
HOOD
Transactions as of
30 Sep 2022
Transactions value $
$0
Form type
4
Filing time
04 Oct 2022, 18:53:38 UTC
Previous filing
21 Sep 2022
Next filing
17 Nov 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding HOOD Class A Common Stock 0 30 Sep 2022 Direct F1
holding HOOD Class A Common Stock 81.5K 30 Sep 2022 By Trust F1

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
transaction HOOD Restricted Stock Units Award $0 +2.65K +39.7% $0.00 9.32K 30 Sep 2022 Class A Common Stock 2.65K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the prior transfer of 4,528 shares from the Reporting Person to his revocable trust in September 2022, which transfer effected only a change in the form of beneficial ownership and did not result in any change in the Reporting Person's pecuniary interest in such shares.
F2 Restricted stock units ("RSUs") convert into Class A Common Stock on a one-for-one basis upon vesting and settlement.
F3 On September 30, 2022, the Reporting Person was automatically granted 2,649 RSUs under the Non-Employee Director Compensation Program of Robinhood Markets, Inc. ("Robinhood"), which permits directors to elect to receive payment of quarterly director fees in the form of RSUs, and Robinhood's 2021 Omnibus Incentive Plan. This grant was made in lieu of cash fees, based on the September 30, 2022 closing price of $10.10 per share of Class A Common Stock, and these RSUs were fully vested upon grant. Pursuant to a deferral election, vested shares will be delivered to the Reporting Person on January 2, 2027 or, if earlier, upon (1) the termination of his service with Robinhood, (2) his death or disability, or (3) a change in control of Robinhood.