Robinhood (NASDAQ: HOOD) director receives stock award instead of cash fees
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Malka Meyer reported acquisition or exercise transactions in this Form 4 filing.
Robinhood Markets, Inc. director Malka Meyer reported an automatic stock award rather than a market trade. On June 30, 2026, he was granted 162 shares of Class A Common Stock under Robinhood’s Non-Employee Director Compensation Program and 2021 Omnibus Incentive Plan, in lieu of cash director fees, based on a closing price of $100.28 per share. The shares were fully vested on grant.
Following this award, Meyer directly holds 1,974 Class A shares. Additional Robinhood shares are held indirectly through various LLCs, funds and trusts associated with him, and he disclaims beneficial ownership of those indirect positions except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Malka Meyer
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 162 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 1,974 shares (Direct, null);
Class A Common Stock — 3,924,427 shares (Indirect, By Fund)
Footnotes (1)
- On June 30, 2026, the Reporting Person was automatically granted 162 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 (the "2021 Plan"). This grant was made in lieu of cash fees, based on the June 30, 2026 closing price of $100.28 per share of Class A Common Stock, and these shares were fully vested upon grant. The Reporting Person is the founder and managing partner of the Ribbit family of funds, and is contractually obligated to transfer and/or remit the proceeds of any sale of shares issued pursuant to stock awards or upon vesting and settlement of restricted stock units to certain entities affiliated with such funds. The Reporting Person disclaims beneficial ownership of such shares for purposes of Section 16 of the Securities Exchange Act of 1934 ("Section 16") except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that such shares are beneficially owned by him for Section 16 or any other purpose. Shares held by Bullfrog Capital, L.P. ("Bullfrog"), for itself and as nominee for Bullfrog Founder Fund, L.P. ("Bullfrog FF"). Bullfrog Capital GP, L.P. ("BF GP") is the general partner of Bullfrog and Bullfrog FF, and Bullfrog Capital GP, Ltd. ("BF UGP") is the general partner of BF GP. The Reporting Person is a director of BF UGP and disclaims beneficial ownership of such shares for purposes of Section 16 except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that such shares are beneficially owned by him for Section 16 or any other purpose. Represents (i) 325,411 shares held by each of the Aphrodite EM Trust, the Aphrodite MM Trust and the Aphrodite SM Trust (collectively, the "Aphrodite Trusts"), (ii) 2,000,000 shares held by the Malka Kleiner Revocable Trust dated July 16, 2012 (the "Malka Trust"), (iii) one share held by the Tibbir Trust and (iv) 1,000,000 shares held by Lassen Residential LLC, an entity controlled by the Malka Trust. The Reporting Person serves as trustee of the Malka Trust, and the Reporting Person's immediate family member serves as trustee of the Tibbir Trust and each of the Aphrodite Trusts. The Reporting Person disclaims beneficial ownership of such shares for purposes of Section 16 except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that such shares are beneficially owned by him for Section 16 or any other purpose. Shares held by Tibbir Holdings LLC, of which the Reporting Person serves as investment manager. The Reporting Person disclaims beneficial ownership of such shares for purposes of Section 16 except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that such shares are beneficially owned by him for Section 16 or any other purpose.
Key Figures
Director stock grant: 162 shares
Reference share price: $100.28 per share
Direct holdings after grant: 1,974 shares
+3 more
6 metrics
Director stock grant
162 shares
Automatic Class A award on June 30, 2026
Reference share price
$100.28 per share
Closing price used to calculate the June 30, 2026 award
Direct holdings after grant
1,974 shares
Class A Common Stock directly held by Malka Meyer
Indirect LLC holdings
102,183 shares
Class A shares held indirectly by an LLC
Indirect trust holdings
3,976,234 shares
Class A shares held indirectly by trusts
Indirect fund holdings
3,924,427 shares
Class A shares held indirectly by a fund
Key Terms
Non-Employee Director Compensation Program, 2021 Omnibus Incentive Plan, restricted stock units, pecuniary interest, +1 more
5 terms
Non-Employee Director Compensation Program financial
"automatically granted 162 shares of Class A Common Stock under the Non-Employee Director Compensation Program"
2021 Omnibus Incentive Plan financial
"and Robinhood's 2021 Omnibus Incentive Plan (the "2021 Plan")."
restricted stock units financial
"upon vesting and settlement of restricted stock units to certain entities affiliated"
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.
pecuniary interest financial
"except to the extent of his pecuniary interest therein, if any, and this report"
Section 16 regulatory
"beneficial ownership of such shares for purposes of Section 16 of the Securities Exchange Act"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
What did Robinhood (HOOD) director Malka Meyer report in this Form 4?
Malka Meyer reported receiving an automatic grant of 162 Class A shares on June 30, 2026. The award was issued under Robinhood’s Non-Employee Director Compensation Program and 2021 Omnibus Incentive Plan in lieu of cash director fees and vested immediately.
At what reference price was Malka Meyer’s Robinhood (HOOD) stock award calculated?
The 162-share grant to Malka Meyer was calculated using a $100.28 per-share closing price for Robinhood Class A stock on June 30, 2026. This value determined how many shares he received instead of cash for his quarterly director fees.
Are Malka Meyer’s indirect Robinhood (HOOD) holdings personally controlled by him?
Many Robinhood shares linked to Malka Meyer are held by affiliated funds, LLCs, and trusts. He disclaims beneficial ownership of those indirect positions for Section 16 purposes, except for any pecuniary interest, meaning they are legally tied to separate entities he helps manage or oversee.
How are Robinhood (HOOD) director fees structured for Malka Meyer?
Under Robinhood’s Non-Employee Director Compensation Program, Malka Meyer can receive quarterly fees as stock instead of cash. On June 30, 2026 he chose this option, receiving 162 fully vested Class A shares under the 2021 Omnibus Incentive Plan as his director fee payment.