Malka Meyer 4

What Happened

• Malka Meyer, a director of Robinhood Markets, was automatically granted 211 shares of Class A common stock on March 31, 2026 under the Non-Employee Director Compensation Program (valued at $69.30 per share, total $14,622.30) and those shares vested immediately.
• On April 1, 2026 the filing shows two derivative transactions (code M): Meyer exercised or converted 800 derivative units (acquired) and on the same date disposed of 800 derivative units (disposed). The Form 4 lists exercise/conversion and disposition but does not report per-share prices or total dollar amounts for those derivative transactions.

Key Details

• Transaction dates and prices:
  • March 31, 2026: Award of 211 shares at $69.30/share (total $14,622.30); fully vested on grant (Footnote F1).
  • April 1, 2026: Exercise/conversion of 800 derivative shares (acquired) and disposition of 800 derivative shares (disposed); price and total value reported as N/A on the Form 4.
• Shares owned after transaction: net increase of 211 shares from the award; Form 4 lists larger holdings held through trusts/entities and contains disclaimers about beneficial ownership (see Footnotes F2–F6).
• Notable footnotes:
  • F1: Grant was automatic under director comp program and fully vested.
  • F2: Reporting person is affiliated with Ribbit Capital and is contractually obligated to transfer/remit proceeds of sales from awards/RSUs to affiliated entities and disclaims beneficial ownership for Section 16 purposes to the extent described.
  • F3/F7: RSUs convert one-for-one at vesting; prior RSU grants and vesting schedule are noted.
• Filing: Form 4 was filed on April 2, 2026. The filing appears timely (Form 4 is generally due within two business days of the transaction).

Context

• The April 1 transactions are coded as M (exercise or conversion of a derivative). The matching acquisition and disposition of 800 shares indicates the derivative shares were converted/exercised and an equal number were disposed of the same day (the Form 4 does not state whether proceeds were used to cover exercise costs or were remitted to affiliated entities).
• Awards (like the 211-share director grant) are routine compensation and do not, by themselves, imply a buying or selling signal; purchases can be more informative about an insider’s view, but here the only net change is the small director award.
• For retail investors: note the reporting person disclaims beneficial ownership of many shares held through trusts/entities (see footnotes), so consult the full Form 4 for complete holdings and legal disclaimers.