Payne Christopher D 4

What Happened
Christopher D. Payne, a director of Robinhood Markets, was granted 3,289 restricted stock units (RSUs) on June 2, 2026. The RSUs are reported as an acquisition at $0.00 (typical for equity awards) and are derivative awards that convert one‑for‑one into Class A common stock upon vesting. This is a compensation award (not an open‑market purchase or sale).

Key Details

• Transaction date and form: June 2, 2026 — Grant/award of 3,289 RSUs (derivative) reported at $0.00.
• Plan and program: Granted under Robinhood’s 2021 Omnibus Incentive Plan and as the Reporting Person’s annual award under the Non‑Employee Director Compensation Program.
• Vesting schedule: 1/4 vests on October 1, 2026; the remainder vests in three equal quarterly installments thereafter (final installment no later than the day before Robinhood’s 2027 annual meeting), subject to continued service and certain accelerated‑vesting events.
• Delivery/deferral: Pursuant to a deferral election, vested shares will be delivered upon the earliest of (1) January 1, 2035, (2) Payne’s death or disability, or (3) a change in control of Robinhood.
• Shares owned after transaction: Not specified in the filing.
• Filing timeliness: Reported on Form 4 filed June 3, 2026 for a June 2, 2026 grant (appears timely).

Context
This was a routine director compensation award (an acquisition of RSUs), which represents future economic interest contingent on vesting and any deferral election — not an immediate cash value or sale. For retail investors, such awards indicate standard board compensation rather than a direct buy/sell signal.