JONATHAN RUBINSTEIN - 31 Dec 2023 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
31 Dec 2023
Transactions value $
$0
Form type
4
Filing time
03 Jan 2024, 18:56:32 UTC
Previous filing
05 Dec 2023
Next filing
13 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HOOD Class A Common Stock Award +2.46K +31.73% 10.2K 31 Dec 2023 Direct F1
transaction HOOD Class A Common Stock Options Exercise +5.63K +55.03% 15.8K 01 Jan 2024 Direct F2
holding HOOD Class A Common Stock 118K 31 Dec 2023 By Trust

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 Options Exercise $0 -5.63K -33.33% $0.00 11.3K 01 Jan 2024 Class A Common Stock 5.63K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On December 31, 2023, the Reporting Person was automatically granted 2,462 shares of Class A 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 stock, and Robinhood's 2021 Omnibus Incentive Plan (the "2021 Plan"). This grant was made in lieu of cash fees, based on the December 29, 2023 closing price of $12.74 per share of Class A Common Stock, and these shares were fully vested upon grant.
F2 Restricted stock units ("RSUs") convert into Class A Common Stock on a one-for-one basis upon vesting and settlement.
F3 On June 20, 2023, the Reporting Person was granted 22,500 RSUs under Robinhood's 2021 Plan. One-fourth (1/4) of these RSUs vested on October 1, 2023, with the remainder vesting in three (3) equal quarterly installments thereafter (except the final installment will vest no later than the day before Robinhood's 2024 annual meeting of stockholders), in each case subject to the Reporting Person's continued service with Robinhood through the applicable vesting date and subject to accelerated vesting in certain circumstances.