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[Form 4] Robinhood Markets, Inc. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Robinhood Markets, Inc. (HOOD) – Form 4 insider filing (dated 06/26/2025)

Non-employee director Jonathan Rubinstein reported two equity transactions. First, on 06/24/2025 he converted 2,522 restricted stock units (RSUs) into an equal number of Class A common shares (transaction code “M”). The shares were issued at a conversion price of $0, reflecting normal RSU settlement and no open-market purchase or sale. Second, on 06/25/2025 he received a new grant of 3,202 RSUs under the company’s 2021 Omnibus Incentive Plan, consistent with Robinhood’s Non-Employee Director Compensation Program.

Following the transactions, Rubinstein’s direct holdings stand at 18,368 Class A shares and 3,202 unvested RSUs. In addition, a related trust continues to hold 169,424 shares, reflecting a prior intra-family transfer that did not change his economic interest.

No shares were sold, and ownership changes are limited to routine vesting and annual board compensation grants. The amounts involved are immaterial relative to Robinhood’s market capitalization and do not signal a change in insider sentiment beyond normal compensation mechanics.

Robinhood Markets, Inc. (HOOD) – Comunicazione interna Form 4 (datata 26/06/2025)

Il direttore non dipendente Jonathan Rubinstein ha riportato due operazioni azionarie. In primo luogo, il 24/06/2025 ha convertito 2.522 unità azionarie vincolate (RSU) in un pari numero di azioni ordinarie di Classe A (codice transazione “M”). Le azioni sono state emesse a un prezzo di conversione di $0, riflettendo la normale liquidazione delle RSU e nessun acquisto o vendita sul mercato aperto. In secondo luogo, il 25/06/2025 ha ricevuto una nuova assegnazione di 3.202 RSU nell’ambito del Piano Incentivi Omnibus 2021 della società, in linea con il Programma di Compensazione per Direttori Non Dipendenti di Robinhood.

Dopo queste operazioni, le partecipazioni dirette di Rubinstein ammontano a 18.368 azioni di Classe A e 3.202 RSU non maturate. Inoltre, un trust correlato detiene ancora 169.424 azioni, a seguito di un precedente trasferimento intra-familiare che non ha modificato il suo interesse economico.

Non sono state vendute azioni e le variazioni nella proprietà si limitano alla normale maturazione e alle assegnazioni annuali per la compensazione del consiglio. Gli importi coinvolti sono irrilevanti rispetto alla capitalizzazione di mercato di Robinhood e non indicano un cambiamento nel sentimento degli insider al di fuori delle normali dinamiche di compensazione.

Robinhood Markets, Inc. (HOOD) – Presentación interna Formulario 4 (fecha 26/06/2025)

El director no empleado Jonathan Rubinstein reportó dos transacciones de acciones. Primero, el 24/06/2025 convirtió 2,522 unidades de acciones restringidas (RSU) en un número igual de acciones ordinarias Clase A (código de transacción “M”). Las acciones se emitieron a un precio de conversión de $0, reflejando la liquidación habitual de RSU y sin compra ni venta en el mercado abierto. Segundo, el 25/06/2025 recibió una nueva asignación de 3,202 RSU bajo el Plan de Incentivos Omnibus 2021 de la compañía, conforme al Programa de Compensación para Directores No Empleados de Robinhood.

Tras las transacciones, las participaciones directas de Rubinstein son de 18,368 acciones Clase A y 3,202 RSU no adquiridas. Además, un fideicomiso relacionado mantiene 169,424 acciones, resultado de una transferencia intra-familiar previa que no modificó su interés económico.

No se vendieron acciones, y los cambios en la propiedad se limitan a la adquisición habitual y las asignaciones anuales de compensación del consejo. Las cantidades involucradas son insignificantes en relación con la capitalización de mercado de Robinhood y no indican un cambio en el sentimiento de los insiders más allá de la mecánica normal de compensación.

Robinhood Markets, Inc. (HOOD) – 내부자 보고서 Form 4 (2025년 6월 26일자)

비임원 이사인 조나단 루빈스타인은 두 건의 주식 거래를 보고했습니다. 첫째, 2025년 6월 24일에 그는 2,522개의 제한 주식 단위(RSU)를 동일 수의 클래스 A 보통주로 전환했습니다(거래 코드 “M”). 주식은 전환 가격 $0으로 발행되었으며, 이는 일반적인 RSU 정산을 반영하며 시장 내 매매는 없었습니다. 둘째, 2025년 6월 25일에 그는 로빈후드의 비임원 이사 보상 프로그램에 따라 회사의 2021년 종합 인센티브 플랜에 따라 3,202개의 새로운 RSU를 부여받았습니다.

이 거래 후 루빈스타인의 직접 보유 주식은 클래스 A 주식 18,368주미확정 RSU 3,202개입니다. 또한 관련 신탁은 이전 가족 내 이전으로 인해 경제적 이해관계에 변화가 없었던 169,424주를 계속 보유하고 있습니다.

주식 매도는 없었으며, 소유권 변경은 정기적인 권리 확정과 연례 이사회 보상 부여에 국한됩니다. 관련 금액은 로빈후드 시가총액에 비해 미미한 수준이며, 정상적인 보상 절차 외에 내부자 심리 변화 신호가 아닙니다.

Robinhood Markets, Inc. (HOOD) – Déclaration d’initié Formulaire 4 (datée du 26/06/2025)

Le directeur non salarié Jonathan Rubinstein a déclaré deux opérations sur actions. Premièrement, le 24/06/2025, il a converti 2 522 unités d’actions restreintes (RSU) en un nombre égal d’actions ordinaires de Classe A (code de transaction « M »). Les actions ont été émises à un prix de conversion de 0 $, reflétant le règlement habituel des RSU et aucun achat ou vente sur le marché libre. Deuxièmement, le 25/06/2025, il a reçu une nouvelle attribution de 3 202 RSU dans le cadre du Plan d’Incitation Omnibus 2021 de la société, conformément au Programme de Rémunération des Administrateurs Non Salariés de Robinhood.

Après ces opérations, les avoirs directs de Rubinstein s’élèvent à 18 368 actions de Classe A et 3 202 RSU non acquises. De plus, un trust associé détient toujours 169 424 actions, résultant d’un transfert intra-familial antérieur n’ayant pas modifié son intérêt économique.

Aucune action n’a été vendue, et les changements de propriété se limitent à l’acquisition normale des droits et aux attributions annuelles de rémunération du conseil d’administration. Les montants concernés sont négligeables par rapport à la capitalisation boursière de Robinhood et ne signalent aucun changement de sentiment des initiés au-delà des mécanismes normaux de rémunération.

Robinhood Markets, Inc. (HOOD) – Insider-Meldung Form 4 (Datum 26.06.2025)

Der nicht geschäftsführende Direktor Jonathan Rubinstein meldete zwei Aktiengeschäfte. Zunächst wandelte er am 24.06.2025 2.522 Restricted Stock Units (RSUs) in die gleiche Anzahl von Class A Stammaktien um (Transaktionscode „M“). Die Aktien wurden zu einem Umwandlungspreis von 0 $ ausgegeben, was die normale RSU-Abwicklung widerspiegelt, und es gab keinen Kauf oder Verkauf am freien Markt. Zweitens erhielt er am 25.06.2025 eine neue Zuteilung von 3.202 RSUs im Rahmen des Omnibus-Anreizplans 2021 des Unternehmens, entsprechend dem Vergütungsprogramm für nicht geschäftsführende Direktoren von Robinhood.

Nach den Transaktionen hält Rubinstein direkt 18.368 Class A Aktien sowie 3.202 unverfallbare RSUs. Zusätzlich hält ein zugehöriges Treuhandvermögen weiterhin 169.424 Aktien, die aus einer früheren innerfamiliären Übertragung stammen, welche sein wirtschaftliches Interesse nicht verändert hat.

Es wurden keine Aktien verkauft, und die Eigentumsänderungen beschränken sich auf routinemäßiges Vesting und jährliche Vergütungszuteilungen des Vorstands. Die betroffenen Beträge sind im Verhältnis zur Marktkapitalisierung von Robinhood unerheblich und deuten nicht auf eine Änderung der Insider-Stimmung über die üblichen Vergütungsmechanismen hinaus hin.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Routine RSU vesting and grant; no sales, neutral market impact.

The filing reflects standard director compensation activity. Converting 2,522 RSUs into shares simply moves units from derivative to equity status and does not inject cash or signal buying conviction. The new 3,202-unit RSU award follows the board’s compensation schedule and will vest quarterly through 2026, subject to service requirements. Aggregate ownership—about 188k shares when including the trust—remains small versus HOOD’s >1 billion share float. Because there are no disposals, pledges, or unusual option exercises, I view the disclosure as administrative and non-directional. Impact on valuation, liquidity, or governance risk is negligible.

Robinhood Markets, Inc. (HOOD) – Comunicazione interna Form 4 (datata 26/06/2025)

Il direttore non dipendente Jonathan Rubinstein ha riportato due operazioni azionarie. In primo luogo, il 24/06/2025 ha convertito 2.522 unità azionarie vincolate (RSU) in un pari numero di azioni ordinarie di Classe A (codice transazione “M”). Le azioni sono state emesse a un prezzo di conversione di $0, riflettendo la normale liquidazione delle RSU e nessun acquisto o vendita sul mercato aperto. In secondo luogo, il 25/06/2025 ha ricevuto una nuova assegnazione di 3.202 RSU nell’ambito del Piano Incentivi Omnibus 2021 della società, in linea con il Programma di Compensazione per Direttori Non Dipendenti di Robinhood.

Dopo queste operazioni, le partecipazioni dirette di Rubinstein ammontano a 18.368 azioni di Classe A e 3.202 RSU non maturate. Inoltre, un trust correlato detiene ancora 169.424 azioni, a seguito di un precedente trasferimento intra-familiare che non ha modificato il suo interesse economico.

Non sono state vendute azioni e le variazioni nella proprietà si limitano alla normale maturazione e alle assegnazioni annuali per la compensazione del consiglio. Gli importi coinvolti sono irrilevanti rispetto alla capitalizzazione di mercato di Robinhood e non indicano un cambiamento nel sentimento degli insider al di fuori delle normali dinamiche di compensazione.

Robinhood Markets, Inc. (HOOD) – Presentación interna Formulario 4 (fecha 26/06/2025)

El director no empleado Jonathan Rubinstein reportó dos transacciones de acciones. Primero, el 24/06/2025 convirtió 2,522 unidades de acciones restringidas (RSU) en un número igual de acciones ordinarias Clase A (código de transacción “M”). Las acciones se emitieron a un precio de conversión de $0, reflejando la liquidación habitual de RSU y sin compra ni venta en el mercado abierto. Segundo, el 25/06/2025 recibió una nueva asignación de 3,202 RSU bajo el Plan de Incentivos Omnibus 2021 de la compañía, conforme al Programa de Compensación para Directores No Empleados de Robinhood.

Tras las transacciones, las participaciones directas de Rubinstein son de 18,368 acciones Clase A y 3,202 RSU no adquiridas. Además, un fideicomiso relacionado mantiene 169,424 acciones, resultado de una transferencia intra-familiar previa que no modificó su interés económico.

No se vendieron acciones, y los cambios en la propiedad se limitan a la adquisición habitual y las asignaciones anuales de compensación del consejo. Las cantidades involucradas son insignificantes en relación con la capitalización de mercado de Robinhood y no indican un cambio en el sentimiento de los insiders más allá de la mecánica normal de compensación.

Robinhood Markets, Inc. (HOOD) – 내부자 보고서 Form 4 (2025년 6월 26일자)

비임원 이사인 조나단 루빈스타인은 두 건의 주식 거래를 보고했습니다. 첫째, 2025년 6월 24일에 그는 2,522개의 제한 주식 단위(RSU)를 동일 수의 클래스 A 보통주로 전환했습니다(거래 코드 “M”). 주식은 전환 가격 $0으로 발행되었으며, 이는 일반적인 RSU 정산을 반영하며 시장 내 매매는 없었습니다. 둘째, 2025년 6월 25일에 그는 로빈후드의 비임원 이사 보상 프로그램에 따라 회사의 2021년 종합 인센티브 플랜에 따라 3,202개의 새로운 RSU를 부여받았습니다.

이 거래 후 루빈스타인의 직접 보유 주식은 클래스 A 주식 18,368주미확정 RSU 3,202개입니다. 또한 관련 신탁은 이전 가족 내 이전으로 인해 경제적 이해관계에 변화가 없었던 169,424주를 계속 보유하고 있습니다.

주식 매도는 없었으며, 소유권 변경은 정기적인 권리 확정과 연례 이사회 보상 부여에 국한됩니다. 관련 금액은 로빈후드 시가총액에 비해 미미한 수준이며, 정상적인 보상 절차 외에 내부자 심리 변화 신호가 아닙니다.

Robinhood Markets, Inc. (HOOD) – Déclaration d’initié Formulaire 4 (datée du 26/06/2025)

Le directeur non salarié Jonathan Rubinstein a déclaré deux opérations sur actions. Premièrement, le 24/06/2025, il a converti 2 522 unités d’actions restreintes (RSU) en un nombre égal d’actions ordinaires de Classe A (code de transaction « M »). Les actions ont été émises à un prix de conversion de 0 $, reflétant le règlement habituel des RSU et aucun achat ou vente sur le marché libre. Deuxièmement, le 25/06/2025, il a reçu une nouvelle attribution de 3 202 RSU dans le cadre du Plan d’Incitation Omnibus 2021 de la société, conformément au Programme de Rémunération des Administrateurs Non Salariés de Robinhood.

Après ces opérations, les avoirs directs de Rubinstein s’élèvent à 18 368 actions de Classe A et 3 202 RSU non acquises. De plus, un trust associé détient toujours 169 424 actions, résultant d’un transfert intra-familial antérieur n’ayant pas modifié son intérêt économique.

Aucune action n’a été vendue, et les changements de propriété se limitent à l’acquisition normale des droits et aux attributions annuelles de rémunération du conseil d’administration. Les montants concernés sont négligeables par rapport à la capitalisation boursière de Robinhood et ne signalent aucun changement de sentiment des initiés au-delà des mécanismes normaux de rémunération.

Robinhood Markets, Inc. (HOOD) – Insider-Meldung Form 4 (Datum 26.06.2025)

Der nicht geschäftsführende Direktor Jonathan Rubinstein meldete zwei Aktiengeschäfte. Zunächst wandelte er am 24.06.2025 2.522 Restricted Stock Units (RSUs) in die gleiche Anzahl von Class A Stammaktien um (Transaktionscode „M“). Die Aktien wurden zu einem Umwandlungspreis von 0 $ ausgegeben, was die normale RSU-Abwicklung widerspiegelt, und es gab keinen Kauf oder Verkauf am freien Markt. Zweitens erhielt er am 25.06.2025 eine neue Zuteilung von 3.202 RSUs im Rahmen des Omnibus-Anreizplans 2021 des Unternehmens, entsprechend dem Vergütungsprogramm für nicht geschäftsführende Direktoren von Robinhood.

Nach den Transaktionen hält Rubinstein direkt 18.368 Class A Aktien sowie 3.202 unverfallbare RSUs. Zusätzlich hält ein zugehöriges Treuhandvermögen weiterhin 169.424 Aktien, die aus einer früheren innerfamiliären Übertragung stammen, welche sein wirtschaftliches Interesse nicht verändert hat.

Es wurden keine Aktien verkauft, und die Eigentumsänderungen beschränken sich auf routinemäßiges Vesting und jährliche Vergütungszuteilungen des Vorstands. Die betroffenen Beträge sind im Verhältnis zur Marktkapitalisierung von Robinhood unerheblich und deuten nicht auf eine Änderung der Insider-Stimmung über die üblichen Vergütungsmechanismen hinaus hin.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
RUBINSTEIN JONATHAN

(Last) (First) (Middle)
C/O ROBINHOOD MARKETS, INC.
85 WILLOW ROAD

(Street)
MENLO PARK CA 94025

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Robinhood Markets, Inc. [ HOOD ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
06/24/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 06/24/2025 M 2,522 A (1) 18,368 D
Class A Common Stock 169,424(2) I By Trust
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (1) 06/24/2025 M 2,522 (3) (3) Class A Common Stock 2,522 $0 0 D
Restricted Stock Units (1) 06/25/2025 A(4) 3,202 (5) (5) Class A Common Stock 3,202 $0 3,202 D
Explanation of Responses:
1. Restricted stock units ("RSUs") convert into Class A Common Stock on a one-for-one basis upon vesting and settlement.
2. Reflects the prior transfer of 4,528 shares of Class A Common Stock from the Reporting Person to a trust, 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.
3. On June 26, 2024, the Reporting Person was granted 10,085 RSUs under the Robinhood Markets, Inc. ("Robinhood") 2021 Omnibus Incentive Plan (the "2021 Plan"). One-fourth (1/4) of these RSUs vested on October 1, 2024, 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 2025 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.
4. This RSU award represents the Reporting Person's annual grant pursuant to the Non-Employee Director Compensation Program of Robinhood and was granted automatically on the date of Robinhood's annual meeting of stockholders.
5. On June 25, 2025, the Reporting Person was granted 3,202 RSUs under Robinhood's 2021 Plan. One-fourth (1/4) of these RSUs will vest on October 1, 2025, 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 2026 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.
Remarks:
/s/ Brandon Webb, attorney-in-fact for Jonathan Rubinstein 06/26/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider activity was reported for Robinhood (HOOD) on 06/26/2025?

Director Jonathan Rubinstein converted 2,522 RSUs into shares and received a new grant of 3,202 RSUs.

Did the director sell any Robinhood (HOOD) shares in this Form 4?

No. The filing shows only RSU conversion and an RSU grant; no shares were sold.

How many HOOD shares does Jonathan Rubinstein now own directly and indirectly?

Direct: 18,368 shares; Indirect via trust: 169,424 shares; plus 3,202 unvested RSUs.

What are the vesting terms for the new 3,202-unit RSU grant?

25% vests on 10/01/2025, with the remainder vesting in three equal quarterly installments, fully vested before the 2026 annual meeting.

What was the conversion price for the exercised RSUs?

$0 per share, as RSUs convert to shares without cash payment.
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