Malka Meyer 4
Research Summary
AI-generated summary
Robinhood (HOOD) Director Malka Meyer Buys 249,000 Shares
What Happened
- Malka Meyer, a director of Robinhood Markets, purchased 249,000 shares on May 28, 2026 in an open-market transaction. The reported weighted-average price was $80.39 per share, for a total transaction value of approximately $20,018,206. The filing identifies the purchase as a "P" (purchase).
Key Details
- Transaction date and price: May 28, 2026; weighted-average price $80.39 (individual trades ranged $80.05–$80.68). (Footnote F1: reporting person can provide per-price breakdown on request.)
- Shares acquired: 249,000; total value ≈ $20.02 million.
- Shares owned after transaction: Not specified in the excerpt of the filing provided.
- Footnotes of note:
- F2: Reporting person is founder/managing partner of Ribbit Capital funds and previously transferred 8,842 shares to Bullfrog Capital in accordance with Rule 16a-13.
- F3–F5: Various holdings are held by affiliated trusts and entities (Bullfrog, Aphrodite trusts, Malka Trust, Tibbir entities, Lassen Residential LLC); Meyer disclaims beneficial ownership of certain shares except to the extent of any pecuniary interest.
- Filing timeliness: Report filed June 1, 2026; this filing date is within the standard Form 4 reporting window following the May 28 transaction.
Context
- Open-market purchases by directors are often viewed by investors as a positive signal because they represent the insider adding to equity, but filings are factual and do not indicate motive. The footnotes indicate complex holdings and transfers to affiliated funds/trusts—these are common for founders/partners and can affect reported beneficial ownership.