RUBINSTEIN JONATHAN 4

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.