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

Rhea-AI Filing Summary

Steven M. Quirk, Chief Brokerage Officer of Robinhood Markets, Inc. (HOOD), reported equity transactions on 09/01/2025. The filing shows vesting/settlement of restricted stock units (RSUs) that resulted in the acquisition of 61,329 Class A common shares and the withholding of 27,170 shares to satisfy tax obligations at a reported per-share price of $104.03. After these non-derivative transactions the filing lists beneficial ownership positions of 181,737 and 154,567 Class A shares in two reported lines. The form also reports three separate RSU derivative entries (27,995; 16,837; 16,497 RSUs) with underlying Class A shares and corresponding post-transaction beneficial ownership figures as stated in the filing.

Positive

• Reported RSU vesting and settlement showing acquisition of 61,329 Class A shares, reflecting compensation realization under the company's equity plan
• Tax withholding disclosed (27,170 shares withheld at $104.03) which clarifies the nature of the reduction in beneficial ownership rather than an open-market sale
• Detailed RSU grant history from 2023, 2024, and 2025 included, documenting vesting schedules and remaining award counts

Negative

• Reduction in direct shares due to tax withholding lowered reported direct beneficial ownership from 181,737 to 154,567 shares on the reported lines
• No sale price or external purchase — transactions are internal settlements, so they do not provide insight into any discretionary trading intent by the reporting person

Insights

Financial Analyst

TL;DR: Routine executive RSU vesting resulted in acquisition and tax-withholding; not a standalone material corporate event.

The Form 4 documents scheduled RSU vesting for an executive, showing 61,329 Class A shares acquired on 09/01/2025 and 27,170 shares withheld to satisfy taxes at $104.03 per share. These are non-derivative share settlements from prior RSU grants rather than open-market purchases or sales. The filing also lists multiple outstanding RSU award positions with specified underlying shares and post-transaction beneficial ownership counts. For investors, this is a disclosure of insider compensation realization and resulting beneficial ownership; the transactions appear to be administrative settlements and withholding rather than directional trading seeking liquidity.

Corporate Governance Expert

TL;DR: Disclosure is consistent with equity compensation governance and tax withholding practices.

The Form 4 provides the required Section 16 disclosure for RSU vesting and settlement. It notes withholding of 27,170 shares to satisfy tax obligations and cites the original RSU grant schedules (grants from 2023, 2024, 2025) with standard quarterly vesting provisions. The signatures and attorney-in-fact filing are present. This filing documents routine fulfillment of compensation programs and appropriate reporting compliance.

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

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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^*

Quirk Steven M.

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Brokerage Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/01/2025

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	09/01/2025		A		61,329	A	(1)	181,737	D
Class A Common Stock	09/01/2025		F		27,170(2)	D	$104.03	154,567	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
Restricted Stock Units	(1)	09/01/2025		M			27,995	(3)	(3)	Class A Common Stock	27,995	$0	167,974	D
Restricted Stock Units	(1)	09/01/2025		M			16,837	(4)	(4)	Class A Common Stock	16,837	$0	168,374	D
Restricted Stock Units	(1)	09/01/2025		M			16,497	(5)	(5)	Class A Common Stock	16,497	$0	230,960	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. Represents shares withheld by Robinhood Markets, Inc. ("Robinhood") to satisfy tax withholding obligations in connection with the vesting and settlement of 61,329 RSUs and does not represent a sale by the Reporting Person.

3. 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.

4. 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.

5. 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.

Remarks:

	/s/ Matthew Yorkavich, attorney-in-fact for Steven M. Quirk	09/03/2025
	** 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 transactions did Steven M. Quirk report on Form 4 for HOOD?

He reported RSU vesting/settlement on 09/01/2025 that resulted in the acquisition of 61,329 Class A shares and withholding of 27,170 shares for taxes.

How many shares were withheld for taxes and at what price?

27,170 shares were withheld to satisfy tax withholding obligations at a reported price of $104.03 per share.

What outstanding RSU award amounts are disclosed in the filing?

The filing lists RSU derivative entries of 27,995; 16,837; and 16,497 RSUs, each converting one-for-one into Class A common stock upon vesting and settlement.

Do these transactions represent open-market sales or purchases?

No. The Form 4 shows internal RSU vesting/settlement and tax withholding rather than open-market purchases or sales by the reporting person.

What is the reporting person’s role at Robinhood?

Steven M. Quirk is identified as Chief Brokerage Officer and an officer reporting under Section 16.