Malka Meyer 4
4 · Robinhood Markets, Inc. · Filed May 27, 2026
Research Summary
AI-generated summary of this filing
Robinhood Director Malka Meyer Trades FLEX Put Options
What Happened
Malka Meyer, a director associated with Bullfrog Capital, reported derivative option transactions on Robinhood Markets, Inc. (HOOD) executed May 22, 2026. Through Bullfrog, she (i) sold 30,000 European-style listed FLEX put contracts with a $100 strike, (ii) purchased 30,000 FLEX put contracts with a $75 strike, and (iii) sold 30,000 FLEX put contracts with a $45 strike. The reported transaction price for each contract was $74.65. Each contract is physically settled and expires December 31, 2027. These were option hedging trades executed by Bullfrog (an investment vehicle), not direct purchases or sales of underlying shares by Meyer personally.
Key Details
- Transaction date: May 22, 2026 (filed May 27, 2026). The filing was made 5 days after the trades (appears later than the SEC’s 2-business-day Form 4 deadline).
- Contracts and strikes: sold 30,000 FLEX puts at $100; bought 30,000 FLEX puts at $75; sold 30,000 FLEX puts at $45.
- Price: $74.65 per contract for each of the Contracts.
- Expiration & settlement: contracts expire Dec 31, 2027 and are to be physically settled.
- Ownership note: the Shares are held by Bullfrog Capital, L.P. (for itself and as nominee for Bullfrog Founder Fund, L.P.). Meyer is a director of the general partner and disclaims beneficial ownership except for any pecuniary interest. This report therefore reflects transactions by Bullfrog, not necessarily direct beneficial trades by Meyer.
Context
- These are derivative hedging trades (FLEX puts), not ordinary open-market stock buys or sales. Selling a put generally creates an obligation to buy the underlying shares at the strike if exercised; buying a put gives the right to sell at the strike. The package here includes both sold and purchased puts across different strikes, consistent with a structured hedge.
- Because the trades were executed by an investment vehicle (Bullfrog) and Meyer disclaims beneficial ownership, treat this as institutional/nominee activity rather than straightforward insider share trading.
Insider Transaction Report
- SaleSwap
Put option (obligation to buy)
[F1][F2]2026-05-22−30,000→ 30,000 total(indirect: By Bullfrog)Exercise: $100.00→ Class A Common Stock (30,000 underlying) - PurchaseSwap
Put option (right to sell)
[F1][F2]2026-05-22+30,000→ 30,000 total(indirect: By Bullfrog)Exercise: $75.00→ Class A Common Stock (30,000 underlying) - SaleSwap
Put option (obligation to buy)
[F1][F2]2026-05-22−30,000→ 30,000 total(indirect: By Bullfrog)Exercise: $45.00→ Class A Common Stock (30,000 underlying)
Footnotes (2)
- [F1]On May 22, 2026, Bullfrog executed certain hedging contracts (the "Contracts") relating to the Class A Common Stock of Robinhood Markets, Inc. (the "Shares") through a broker-dealer on the Chicago Board Options Exchange. The Contracts consisted of Bullfrog (i) selling 30,000 European-style listed FLEX put option contracts on the Shares with a strike price equal to $100.00, (ii) purchasing 30,000 European-style listed FLEX put option contracts on the Shares with a strike price equal to $75.00 and (iii) selling 30,000 European-style listed FLEX put option contracts on the Shares with a strike price equal to $45.00. The transaction price of each of the Contracts was $74.65. Each of the Contracts will be physically settled and will expire on December 31, 2027.
- [F2]The Shares are 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 BF UGP and disclaims beneficial ownership of the 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.