Robinhood CBO vests RSUs; shares withheld for taxes
Robinhood Markets Chief Brokerage Officer Steven M. Quirk reported routine equity compensation activity.
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Form Type
4
Rhea-AI Filing Summary
Robinhood Markets Chief Brokerage Officer Steven M. Quirk reported routine equity compensation activity. On June 1, 2026, 71,176 restricted stock units converted into Class A Common Stock as they vested, and Robinhood withheld 31,533 shares at $94.30 per share to cover tax obligations, which the company notes does not represent a sale by Quirk. Following these transactions, he directly held 92,826 Class A shares. The RSUs stem from grants made between 2023 and 2026 under Robinhood's 2021 Omnibus Incentive Plan, each vesting over sixteen installments subject to continued service.
Insider Trade Summary
71,176 shares exercised/converted
Exercise
6 txns
Insider
Quirk Steven M.
Role
Chief Brokerage Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 27,996 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 16,837 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 16,497 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 9,846 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 71,176 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 31,533 | $94.30 | $2.97M |
Holdings After Transaction:
Restricted Stock Units — 531,011 contracts (Direct);
Class A Common Stock — 92,826 shares (Direct)
Footnotes (6)
- F1. Restricted stock units ("RSUs") convert into Class A Common Stock on a one-for-one basis upon vesting and settlement.
- F2. Represents shares withheld by Robinhood Markets, Inc. ("Robinhood") to satisfy tax withholding obligations in connection with the vesting and settlement of 71,176 RSUs and does not represent a sale by the Reporting Person.
- F3. On March 22, 2023, the Reporting Person was granted 447,929 RSUs under Robinhood's 2021 Omnibus Incentive Plan (the "2021 Plan"). One-sixteenth (1/16) of these RSUs vested on June 1, 2023, with the remainder scheduled to vest in fifteen (15) equal quarterly installments thereafter, 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.
- F4. On March 20, 2024, the Reporting Person was granted 269,397 RSUs under the 2021 Plan. One-sixteenth (1/16) of these RSUs vested on June 1, 2024, with the remainder scheduled to vest in fifteen (15) equal quarterly installments thereafter, 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.
- F5. On March 20, 2025, the Reporting Person was granted 263,954 RSUs under the 2021 Plan. One-sixteenth (1/16) of these RSUs vested on June 1, 2025, with the remainder scheduled to vest in fifteen (15) equal quarterly installments thereafter, 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.
- F6. On March 19, 2026, the Reporting Person was granted 157,539 RSUs under the 2021 Plan. One-sixteenth (1/16) of these RSUs vested on June 1, 2026, with the remainder scheduled to vest in fifteen (15) equal quarterly installments thereafter, 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.
Key Figures
Shares withheld for taxes: 31,533 shares at $94.30
RSUs converted to shares: 71,176 shares
Post-transaction holdings: 92,826 shares
+4 more
7 metrics
Shares withheld for taxes
31,533 shares at $94.30
Withheld by Robinhood to satisfy tax withholding obligations
RSUs converted to shares
71,176 shares
RSUs converting into Class A Common Stock on June 1, 2026
Post-transaction holdings
92,826 shares
Class A Common Stock held directly after reported transactions
2023 RSU grant size
447,929 RSUs
Granted March 22, 2023 under 2021 Omnibus Incentive Plan
2024 RSU grant size
269,397 RSUs
Granted March 20, 2024 under the 2021 Plan
2025 RSU grant size
263,954 RSUs
Granted March 20, 2025 under the 2021 Plan
2026 RSU grant size
157,539 RSUs
Granted March 19, 2026 under the 2021 Plan
Key Terms
Restricted stock units, tax withholding obligations, 2021 Omnibus Incentive Plan, vesting and settlement, +1 more
5 terms
Restricted stock units financial
"Restricted stock units ("RSUs") convert into Class A Common Stock on a one-for-one basis"
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.
tax withholding obligations financial
"shares withheld by Robinhood Markets, Inc. to satisfy tax withholding obligations"
2021 Omnibus Incentive Plan financial
"granted RSUs under Robinhood's 2021 Omnibus Incentive Plan (the "2021 Plan")"
vesting and settlement financial
"RSUs convert into Class A Common Stock on a one-for-one basis upon vesting and settlement"
quarterly installments financial
"remainder scheduled to vest in fifteen (15) equal quarterly installments thereafter"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Robinhood (HOOD) executive Steven Quirk report in this Form 4?
Steven Quirk reported RSU vesting and related share withholding for taxes. 71,176 restricted stock units converted into Class A shares, and 31,533 shares were withheld by Robinhood to satisfy tax obligations, leaving him with 92,826 shares held directly.
What RSU grants are disclosed for Steven Quirk at Robinhood (HOOD)?
The filing notes RSU grants of 447,929 units in 2023, 269,397 in 2024, 263,954 in 2025, and 157,539 in 2026 under the 2021 Omnibus Incentive Plan. Each grant vests one-sixteenth initially, then in fifteen equal quarterly installments.
How do Robinhood (HOOD) RSUs convert into Class A Common Stock?
The filing explains that restricted stock units convert into Class A Common Stock on a one-for-one basis upon vesting and settlement. This means each vested RSU delivers one Robinhood Class A share when settlement occurs, subject to applicable tax withholding.
Is the Form 4 for Robinhood (HOOD) a routine compensation event?
The transactions reflect RSUs vesting under established grants and shares withheld for taxes, which are typical compensation-related events. There are no open-market purchases or sales reported, and the activity follows the vesting schedules outlined for prior RSU awards.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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