Malka Meyer 4/A

What Happened

• Malka Meyer, a director of Robinhood Markets (HOOD), reported multiple open-market dispositions on August 27–28, 2025 totaling 1,173,808 shares sold for aggregate proceeds of about $121.94 million. Reported trades:
  • Aug 27, 2025: 80,520 shares at $104.03 — $8,376,544
  • Aug 28, 2025: 554,108 shares at $103.42 — $57,305,517
  • Aug 28, 2025: 539,180 shares at $104.33 — $56,255,291
• The filing also reports two derivative-related entries (30,000 and 30,000 units) dated Aug 27, 2025 that show N/A pricing; footnotes explain these relate to a collar hedging arrangement (see Key Details). The Form 4 is amended to correct a typographical error: an item originally shown as a disposition was actually the acquisition of a put option.

Key Details

• Dates/prices: Aug 27–28, 2025; sale price range shown in footnotes ranged roughly $103.00–$104.94 across multiple executions (weighted averages reported per line).
• Proceeds: Approximately $121.94 million from the three reported share sales (individual line totals above).
• Shares held after transactions (per filing): each Aphrodite Trust — 325,411 shares; Malka Kleiner Revocable Trust — 3,000,000 shares; Tibbir Trust — 1 share. The reporting person disclaims beneficial ownership of certain trust-held shares per footnotes.
• Derivative detail: footnote F8 describes a collar entered Aug 27, 2025 — purchase of 30,000 FLEX put contracts (strike $100) and sale of 30,000 FLEX call contracts (strike $150), physically settled, expiring Dec 31, 2027. Those option actions are separate from the share sales.
• Amended/late filing: This is an AMENDED Form 4 filed 2026-07-02 to correct the reporting of a derivative item. The original report shows a significant delay from the Aug 2025 transaction dates (this Form 4 was filed ~10 months later), which may be noted by regulators and investors.

Context

• These are primarily sales (routine dispositions by trusts and related parties) plus a hedging collar — sales do not necessarily indicate a change in company outlook. The collar (buy puts / sell calls) is a hedging strategy that can protect downside while capping upside through the call sale.
• Several sales were executed by trusts (Aphrodite Trusts, Malka Trust) per footnotes; the reporter disclaims beneficial ownership of some trust-held shares except to the extent of any pecuniary interest.