Robinhood Markets: director Malka Meyer exercised 822 shares

What happened

• The filing says director Malka Meyer was granted 144 shares of Class A common stock on Sep 30, 2026, under Robinhood's non-employee director compensation program and the 2021 omnibus incentive plan; the grant was made in lieu of cash fees and was fully vested on grant (closing price used: $112.50 per share; grant value $16,200).
• The filing says on Oct 1, 2026 the Reporting Person exercised or converted 822 derivative units into 822 shares (transaction code M) and simultaneously disposed of 822 shares (transaction code M, listed as derivative).

Key details

• Transaction dates and prices:
  • Sep 30, 2026: award of 144 shares; closing price used $112.50 per share (value $16,200).
  • Oct 1, 2026: exercised/converted 822 shares and disposed of 822 shares; price not reported (N/A).
• Shares owned after the transactions: not specified in this Form 4 (see footnotes for holdings and disclaimers).
• Relevant footnotes from the filing:
  • F1: 144-share grant was in lieu of cash fees and was fully vested on grant.
  • F3/F7: 3,289 RSUs were granted on Jun 2, 2026; one-fourth vested on Oct 1, 2026 and RSUs convert 1-for-1 into Class A common stock upon vesting (vesting schedule for the remainder described).
  • F2 and related notes: the Reporting Person is affiliated with Ribbit funds and is contractually obligated to transfer or remit proceeds of any sale of shares issued under awards or RSU vesting to affiliated entities; the Reporting Person disclaims beneficial ownership for Section 16 purposes except to the extent of any pecuniary interest.
• Filing date and timeliness: filed Oct 2, 2026; the filing does not indicate it was late.

Why it may matter

• The filing shows an RSU/derivative conversion (exercise/settlement) of 822 shares on Oct 1, 2026 with an immediate disposition of the same 822 shares (i.e., the exercised/converted shares were disposed the same day).
• The 144-share award on Sep 30, 2026 was a director compensation grant made in lieu of cash and was fully vested on grant.
• The filing does not show why the insider traded or why the company acted.