Robinhood (NASDAQ: HOOD) director granted 211 shares instead of cash fees

Rhea-AI Filing Summary

Hegeman John William reported acquisition or exercise transactions in this Form 4 filing.

Robinhood Markets, Inc. director John William Hegeman received an automatic grant of 211 shares of Class A Common Stock as part of the company’s Non-Employee Director Compensation Program. The grant was made in lieu of cash director fees and was fully vested upon grant.

The number of shares was based on the March 31, 2026 closing price of $69.30 per share. Following this award, Hegeman holds 211 Class A shares directly. Delivery of the vested shares is deferred until the earliest of December 1, 2035, termination of service, death or disability, or a change in control of Robinhood.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Hegeman John William

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	211	$0.00	--

Holdings After Transaction: Class A Common Stock — 211 shares (Direct)

Footnotes (1)

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Key Figures

Shares granted: 211 shares Grant price reference: $69.30 per share Post-transaction holdings: 211 shares +1 more

4 metrics

Shares granted 211 shares Automatic Class A Common Stock grant on March 31, 2026

Grant price reference $69.30 per share March 31, 2026 closing price used to calculate award

Post-transaction holdings 211 shares Total Class A shares held directly after the grant

Delivery deferral date December 1, 2035 Earliest scheduled delivery date absent earlier triggering events

Key Terms

Non-Employee Director Compensation Program, 2021 Omnibus Incentive Plan, deferral election, change in control

4 terms

Non-Employee Director Compensation Program financial

"the Reporting Person was automatically granted 211 shares ... under the Non-Employee Director Compensation Program of Robinhood Markets, Inc."

2021 Omnibus Incentive Plan financial

"and Robinhood's 2021 Omnibus Incentive Plan."

deferral election financial

"Pursuant to a deferral election, vested shares will be delivered to the Reporting Person upon the earliest to occur of"

change in control financial

"or (4) a change in control of Robinhood."

A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.

Form 4 Insider Transactions: What Each Field Means →

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^*

Hegeman John William

(Last) (First) (Middle)

85 WILLOW ROAD

(Street)

MENLO PARK CALIFORNIA 94025

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	03/31/2026		A		211	A	(1)	211	D

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

Explanation of Responses:

1. On March 31, 2026, the Reporting Person was automatically granted 211 shares of Class A Common Stock 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. This grant was made in lieu of cash fees, based on the March 31, 2026 closing price of $69.30 per share of Class A Common Stock, and these shares were fully vested upon grant. Pursuant to a deferral election, vested shares will be delivered to the Reporting Person upon the earliest to occur of (1) December 1, 2035, (2) termination, (3) their death or disability, or (4) a change in control of Robinhood.

Remarks:

	/s/ Matthew Yorkavich, attorney-in- fact for John Hegeman	04/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did HOOD director John William Hegeman report?

John William Hegeman reported receiving 211 shares of Robinhood Class A Common Stock as an automatic grant. The shares were issued under the Non-Employee Director Compensation Program in lieu of cash director fees and were fully vested immediately upon grant, increasing his direct holdings.

Was the HOOD director’s 211-share grant an open-market purchase or sale?

The 211-share transaction was a compensation grant, not an open-market trade. Shares were awarded at a stated value of $69.30 per share under Robinhood’s director compensation program, replacing quarterly cash fees, and therefore do not represent a discretionary buy or sell decision in the market.

How was the size of the 211-share HOOD stock grant determined?

The grant size was calculated using Robinhood’s March 31, 2026 closing price of $69.30 per Class A share. Director fees owed for the quarter were converted into equity at that price, resulting in an automatic award of 211 fully vested shares instead of a cash payment.

When will the HOOD director actually receive the 211 granted shares?

Although the 211 shares are fully vested, delivery is deferred under a deferral election. The shares will be delivered at the earliest of December 1, 2035, termination of board service, the director’s death or disability, or a change in control of Robinhood Markets, Inc.

How many HOOD shares does the director hold after this Form 4 transaction?

After the reported grant, John William Hegeman holds 211 shares of Robinhood Class A Common Stock directly. This reflects the newly awarded compensation shares, which replaced cash fees, and represents the total direct ownership reported in this specific Form 4 filing.