Malka Meyer 4

What Happened
Malka Meyer, a director of Robinhood Markets (HOOD), made a material open‑market purchase of 181,000 shares on June 3, 2026 at a weighted average price of $83.45, costing about $15,103,853. The Form 4 also reports derivative activity around the same dates: conversion/exercise entries for 801 shares on June 1, 2026 and a grant of 3,289 restricted stock units (RSUs) on June 2, 2026.

Key Details

• Purchase: 181,000 shares on 2026-06-03; weighted avg price $83.45; total ≈ $15,103,853. Price range reported for the purchase: $83.24–$83.63 (footnote F3).
• Derivatives/awards: 801 shares marked as exercise/conversion (M) on 2026-06-01 (both an acquired and a $0.00 disposed derivative entry appear in the filing) and a grant of 3,289 RSUs on 2026-06-02 (F1, F9).
• RSU mechanics: RSUs convert one-for-one to Class A common stock on vesting/settlement (F1). The June 2, 2026 RSU award vests in scheduled installments (one‑fourth on Oct 1, 2026, then quarterly; see F9).
• Beneficial‑ownership notes: the filing includes several disclaimers that certain shares are held by trusts/funds for which the reporting person has limited or disclaimed beneficial ownership (see F2–F6).
• Timeliness: The report was filed June 3, 2026 for transactions on June 1–3, 2026; the filing appears timely (no "late" flag in the filing excerpt).
• Shares owned after transaction: Not specified in the provided excerpt of the filing.

Context

• The open‑market purchase is a straightforward buy (often viewed as a stronger signal than routine sales), while the RSU grant is compensation and vests over time.
• The paired derivative entries (exercise/conversion and a $0.00 disposal of 801 shares) are recorded as M‑type derivative events on the same date; filings often show such entries for conversion, net settlement, or withholding purposes — the filing does not state a cash value for those entries.
• Footnotes in the filing provide important details (weighted avg purchase price range, RSU vesting schedule, and ownership disclaimers).