RUBINSTEIN JONATHAN 4

4 · Robinhood Markets, Inc. · Filed Apr 2, 2026

AI-generated summary of this filing

Updated Apr 2, 2026

Robinhood Director Jonathan Rubinstein Receives Award, Converts RSUs

What Happened

Jonathan Rubinstein, a director of Robinhood Markets, received 422 shares of Class A common stock on March 31, 2026 as director compensation (awarded in lieu of cash). The grant was valued at $69.30 per share (total value $29,244.60) and was fully vested upon grant.
On April 1, 2026, 800 RSUs converted into 800 shares (reported as a conversion/exercise of a derivative). The filing also shows an immediate disposition of 800 shares at $0.00 (no cash proceeds).

Key Details

Transaction dates and prices:
- 3/31/2026: Award of 422 shares at $69.30/share (value $29,244.60), fully vested (F1).
- 4/01/2026: Conversion/exercise of derivative for 800 shares (acquired) and simultaneous disposition of 800 shares at $0.00 (reported) (F2, F4).
Shares owned after the transactions: not specified in the filing.
Notable footnotes:
- F1: 422 shares were granted under the Non-Employee Director Compensation Program and Robinhood’s 2021 Omnibus Incentive Plan; vested on grant.
- F2: RSUs convert 1-for-1 into Class A shares upon vesting/settlement.
- F3: Prior transfer of 1,059 shares to a trust changed only form of ownership, not economic interest.
- F4: The 800-share conversion is tied to a June 25, 2025 RSU grant of 3,202 RSUs with scheduled vesting.
Filing timeliness: filing date April 2, 2026; the Form 4 does not indicate a late filing.

Context

The RSU conversion (reported as a derivative conversion) and the immediate disposition at $0.00 typically reflect settlement mechanics (for example, withholding or share-cancellation to satisfy taxes or other obligations) rather than an open-market sale. These types of transactions are common when RSUs vest and do not necessarily signal buying or selling sentiment by the insider.

Form 4

Period: 2026-03-31

Director

Transactions

Award
Class A Common Stock
[F1]
2026-03-31+422→ 422 total
Exercise/Conversion
Class A Common Stock
[F2]
2026-04-01+800→ 1,222 total
Exercise/Conversion
Restricted Stock Units
[F2][F4]
2026-04-01−800→ 801 total
→ Class A Common Stock (800 underlying)

Holdings

Footnotes (4)

[F1]On March 31, 2026, the Reporting Person was automatically granted 422 shares of Class A Common Stock under the Non-Employee Director Compensation Program of Robinhood Markets, Inc. ("Robinhood"), which permits directors to elect to receive payment of quarterly director fees in the form of stock, and Robinhood's 2021 Omnibus Incentive Plan (the "2021 Plan"). This grant was made in lieu of cash fees, based on the March 31, 2026 closing price of $69.30 per share of Class A Common Stock, and these shares were fully vested upon grant.
[F2]Restricted stock units ("RSUs") convert into Class A Common Stock on a one-for-one basis upon vesting and settlement.
[F3]Reflects the prior transfer of 1,059 shares of Class A Common Stock from the Reporting Person to a trust, which transfer effected only a change in the form of beneficial ownership and did not result in any change in the Reporting Person's pecuniary interest in such shares.
[F4]On June 25, 2025, the Reporting Person was granted 3,202 RSUs under Robinhood's 2021 Plan. One-fourth (1/4) of these RSUs vested on October 1, 2025, with the remainder vesting in three (3) equal quarterly installments thereafter (except the final installment will vest no later than the day before Robinhood's 2026 annual meeting of stockholders), in each case subject to the Reporting Person's continued service with Robinhood through the applicable vesting date and subject to accelerated vesting in certain circumstances.

Signature

/s/ Matthew Yorkavich, attorney-in- fact for Jonathan Rubinstein|2026-04-02

1 file