Payne Christopher D 4

What Happened Christopher D. Payne, a non-employee director of Robinhood Markets, Inc. (HOOD), was automatically granted 283 shares of Class A common stock on March 31, 2026 as director compensation (transaction code A). The grant was made in lieu of cash fees at the March 31, 2026 closing price of $69.30 per share, equal to about $19,611.90. The shares were fully vested upon grant.

Key Details

• Transaction date: March 31, 2026; Form 4 filed April 2, 2026 (appears timely).
• Grant: 283 shares of Class A common stock at $69.30 per share (value ≈ $19,611.90).
• Vesting/delivery: Shares were fully vested on grant but delivery is deferred per the director’s election until the earliest of (1) January 1, 2035, (2) death or disability, or (3) a change in control.
• Reason: Award under Robinhood’s Non-Employee Director Compensation Program and the 2021 Omnibus Incentive Plan, issued in lieu of cash fees.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing status: No indication of a late filing in the provided data.

Context This was an award of vested shares as routine director compensation rather than an open-market purchase or sale. Because the shares are vested but delivery is deferred, Payne has economic exposure to the shares but will not receive the actual shares until the stated deferral triggers occur. Such grants are common for non-employee directors and reflect compensation rather than a trading signal.