RUBINSTEIN JONATHAN 4
4 · Robinhood Markets, Inc. · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
Robinhood Director Jonathan Rubinstein Receives RSU Award
What Happened Jonathan Rubinstein, a director of Robinhood Markets, had derivative/RSU activity in early June 2026. On June 1, 2026, 801 derivative units were exercised/converted and 801 shares were reported disposed at $0.00 (reported as derivative activity). On June 2, 2026, he was granted 3,289 restricted stock units (RSUs) under Robinhood’s 2021 Omnibus Incentive Plan; the grant is reported at $0.00 and will vest in scheduled installments (see below). The filing shows no cash proceeds or purchase price for these items.
Key Details
- Transaction dates and reported prices:
- June 1, 2026: Exercise/conversion (derivative) — 801 shares acquired (reported N/A) and 801 shares disposed at $0.00.
- June 2, 2026: Grant/award — 3,289 RSUs granted at $0.00.
- Shares owned after transaction: Not specified in the provided summary; review the full Form 4 for total beneficial ownership.
- Relevant footnotes:
- RSUs convert one-for-one into Class A common stock upon vesting (F1).
- Prior transfer of 1,222 shares to a trust changed form of ownership only, not economic interest (F2).
- Previous and new RSU grants have multi-quarter vesting schedules (granted June 25, 2025 and June 2, 2026) with typical continued-service vesting and potential acceleration in certain events (F3, F5). The director RSU award is an automatic annual grant under the Non-Employee Director Compensation Program (F4).
- Filing timeliness: Report covers transactions through 2026-06-01 and was filed 2026-06-03; no late filing flag noted.
Context
- The June 1 derivative activity (exercise/conversion with a $0.00 disposal) is recorded as both acquisition and immediate disposition; filings like this commonly reflect net settlement or shares surrendered for tax withholding, though the Form 4 itself does not state the reason.
- The June 2 action is an RSU grant (not an open-market purchase or sale). RSU grants indicate future potential shares subject to vesting and do not represent immediate stock purchases.
Insider Transaction Report
Form 4
RUBINSTEIN JONATHAN
Director
Transactions
- Exercise/Conversion
Class A Common Stock
[F1]2026-06-01+801→ 801 total - Exercise/Conversion
Restricted Stock Units
[F1][F3]2026-06-01−801→ 0 total→ Class A Common Stock (801 underlying) - Award
Restricted Stock Units
[F1][F4][F5]2026-06-02+3,289→ 3,289 total→ Class A Common Stock (3,289 underlying)
Holdings
- 148,959(indirect: By Trust)
Class A Common Stock
[F2]
Footnotes (5)
- [F1]Restricted stock units ("RSUs") convert into Class A Common Stock on a one-for-one basis upon vesting and settlement.
- [F2]Reflects the prior transfer of 1,222 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.
- [F3]On June 25, 2025, the Reporting Person was granted 3,202 RSUs under the Robinhood Markets, Inc. ("Robinhood") 2021 Omnibus Incentive Plan (the "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.
- [F4]This RSU award represents the Reporting Person's annual grant pursuant to the Non-Employee Director Compensation Program of Robinhood and was granted automatically on the date of Robinhood's annual meeting of stockholders.
- [F5]On June 2, 2026, the Reporting Person was granted 3,289 RSUs under Robinhood's 2021 Plan. One-fourth (1/4) of these RSUs will vest on October 1, 2026, 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 2027 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|2026-06-03