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Dara Bazzano becomes principal accounting officer at Robinhood (NASDAQ: HOOD)

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Robinhood Markets, Inc. appointed Dara Bazzano as its principal accounting officer, effective June 25, 2026. Chief Financial Officer Shiv Verma, who previously held this designation, will continue as CFO and principal financial officer.

Bazzano, age 58, has been Chief Accounting Officer since April 2026 and oversees accounting, tax, financial operations, reporting, and internal controls. Her background includes senior accounting leadership roles at T-Mobile US, CBRE Group, The Gap, and partnership roles at major audit firms.

Her compensation package includes a $425,000 base salary, a target annual bonus equal to 40% of salary, a $1,540,000 annual equity target, a restricted stock unit grant valued at about $3,300,000 vesting quarterly over two years, and a $400,000 sign-on bonus paid in two installments. These terms remain unchanged with her new designation.

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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Base salary $425,000 per year Annual base salary for Dara Bazzano
Target annual bonus 40% of base salary Bonus target for Dara Bazzano
Annual equity target $1,540,000 Equity compensation target per year
RSU grant value $3,300,000 Restricted stock units vesting quarterly over two years
Sign-on bonus $400,000 Cash sign-on bonus in two equal installments
principal accounting officer financial
"appointed Dara Bazzano to be the Company’s principal accounting officer, effective as of June 25, 2026"
The Principal Accounting Officer is the person responsible for making sure a company's financial records are accurate and follow the rules. They play a key role in preparing financial reports that show how well the company is doing. This helps investors, managers, and regulators trust the company's financial information.
restricted stock units financial
"she was granted an award of restricted stock units with a grant date target value equal to approximately $3,300,000"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
annual equity target financial
"an annual equity target of $1,540,000"
sign-on bonus financial
"In addition, Ms. Bazzano received a sign-on bonus of $400,000 payable in two equal installments"
emerging growth company regulatory
"Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
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Understanding 8-K Material Events →
0001783879FALSE00017838792026-06-252026-06-25

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 25, 2026

Robinhood Markets, Inc.
(Exact name of registrant as specified in its charter)
     
Delaware 001-40691 46-4364776
     
(State or other jurisdiction
of incorporation)
 
(Commission
File Number)
 
(IRS Employer
Identification No.)
     
85 Willow Road
Menlo Park, CA 94025
(Address of principal executive offices) (Zip Code)

(844) 428-5411
(Registrant’s telephone number, including area code)

Not Applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Class A Common Stock, $0.0001 par value per shareHOODThe Nasdaq Stock Market LLC
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).  
   
Emerging growth company ☐
   
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐


Item 5.02 - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Appointment of Principal Accounting Officer

On June 25, 2026, the Board of Directors of Robinhood Markets, Inc. (the “Company” or “Robinhood”) appointed Dara Bazzano to be the Company’s principal accounting officer, effective as of June 25, 2026.
    In connection with Ms. Bazzano’s appointment, effective as of June 25, 2026, Shiv Verma, the Company’s Chief Financial Officer (“CFO”), in which capacity he served as the Company’s principal accounting officer and principal financial officer, ceased to serve as the Company’s principal accounting officer. Mr. Verma continues to serve as the Company’s CFO and principal financial officer.
Ms. Bazzano, age 58, has been the Company’s Chief Accounting Officer since April 2026 and has responsibilities for the Company’s accounting, tax, financial operations, financial reporting, and internal control functions. Ms. Bazzano previously served as the California Market leader for Cross Country Consulting from June 2025 through April 2026. Prior to that, Senior Vice President and Chief Accounting Officer of T-Mobile US, Inc., a wireless communication, and broadband services provider, from 2020 to 2025. In addition, Ms. Bazzano served as SVP Global Finance, Chief Accounting Officer at CBRE Group, Inc., a global commercial real estate services and investment firm, from 2018 to 2020. Prior to joining CBRE, Ms. Bazzano served as Global Controller and Chief Accounting Officer at The Gap, Inc., a leading global retailer offering clothing, accessories, and personal care products, from 2013 to 2018. Prior to that Ms. Bazzano served as an Assurance Partner at PricewaterhouseCoopers and KPMG LLP.
There are no arrangements or understandings between Ms. Bazzano and any other persons pursuant to which she was chosen to be principal accounting officer, and she has no family relationships with any of Robinhood’s directors or executive officers. Ms. Bazzano’s current compensation includes an annual base salary of $425,000, a target annual bonus of 40% of her annual base salary, an annual equity target of $1,540,000, and she was granted an award of restricted stock units with a grant date target value equal to approximately $3,300,000 vesting quarterly over two years. In addition, Ms. Bazzano received a sign-on bonus of $400,000 payable in two equal installments, one within 30 days of the commencement of her service as Chief Accounting Officer and one within 30 days following the one-year anniversary of the commencement of such service. In connection with her appointment as the Company’s principal accounting officer, Ms. Bazzano’s compensation remains unchanged.









SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
    
  Robinhood Markets, Inc.
    
Date:June 26, 2026By:/s/ Shiv Verma
   Name: Shiv Verma
   Title: Chief Financial Officer


Source: View Original Filing on SEC EDGAR

FAQ

What executive change did Robinhood (HOOD) announce in this 8-K?

Robinhood appointed Dara Bazzano as principal accounting officer effective June 25, 2026. CFO Shiv Verma stopped serving in that accounting role but continues as Chief Financial Officer and principal financial officer for the company.

Who is Dara Bazzano, Robinhood (HOOD)’s new principal accounting officer?

Dara Bazzano is Robinhood’s Chief Accounting Officer, age 58, with prior senior roles at T-Mobile US, CBRE Group, The Gap, and earlier experience as an assurance partner at PricewaterhouseCoopers and KPMG, overseeing major accounting and finance functions.

What is Dara Bazzano’s compensation package at Robinhood (HOOD)?

Her compensation includes a $425,000 annual base salary, target bonus of 40% of salary, $1,540,000 annual equity target, restricted stock units valued at about $3,300,000 vesting over two years, and a $400,000 cash sign-on bonus in two installments.

Did Shiv Verma leave his role at Robinhood (HOOD)?

Shiv Verma did not leave the company. He ceased serving as principal accounting officer when Dara Bazzano was appointed, but he continues as Robinhood’s Chief Financial Officer and principal financial officer following the change.

Did Dara Bazzano’s pay change when she became principal accounting officer at Robinhood (HOOD)?

Her pay did not change with the new designation. The filing states that Bazzano’s existing compensation terms remain unchanged in connection with her appointment as principal accounting officer of Robinhood.

Filing Exhibits & Attachments

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