4//SEC Filing
Smedley Christina 4
Accession 0001628280-21-015064
CIK 0001783879other
Filed
Jul 29, 8:00 PM ET
Accepted
Jul 30, 4:25 PM ET
Size
14.0 KB
Accession
0001628280-21-015064
Insider Transaction Report
Form 4
Smedley Christina
Chief Marketing Officer
Transactions
- Exercise/Conversion
Restricted Stock Units
2021-07-28−32,258→ 225,807 totalExp: 2028-03-10→ Common Stock (32,258 underlying) - Tax Payment
Common Stock
2021-07-28$38.00/sh−74,847$2,844,186→ 99,884 total - Sale
Common Stock
2021-07-29$35.28/sh−99,884$3,524,077→ 0 total - Exercise/Conversion
Common Stock
2021-07-28+174,758→ 174,758 total - Exercise/Conversion
Restricted Stock Units
2021-07-28−142,500→ 617,500 totalExp: 2027-12-09→ Common Stock (142,500 underlying)
Footnotes (7)
- [F1]Shares of Common Stock will automatically be reclassified as shares of Class A Common Stock on a one-for-one basis upon the filing of the Amended and Restated Certificate of Incorporation of Robinhood Markets, Inc. ("Robinhood") immediately prior to the closing of Robinhood's initial public offering ("IPO).
- [F2]Represents shares received upon vesting of restricted stock units ("RSUs") in connection with the IPO Liquidity Event (as defined below).
- [F3]RSUs convert into Common Stock on a one-for-one basis upon vesting and settlement.
- [F4]Represents shares withheld by Robinhood to satisfy tax withholding obligations in connection with the vesting of 174,758 RSUs and does not represent a sale by the Reporting Person.
- [F5]This transaction was executed in multiple trades during the day at prices ranging from $34.82 to $39.99. The weighted-average price is reported above. The reporting person hereby undertakes to provide to the SEC staff, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares and prices at which the transactions were effected.
- [F6]On December 9, 2020, the reporting person was granted 760,000 RSUs under Robinhood's 2020 Equity Incentive Plan (the "2020 Plan"). Subject to accelerated vesting in certain circumstances, one-fourth (1/4) of these RSUs were scheduled to vest on September 1, 2021, with the remainder scheduled to vest in twelve (12) equal quarterly installments thereafter, in each case subject to (a) the reporting person's continued service with Robinhood through the applicable vesting date and (b) the occurrence of a liquidity event, which was satisfied upon the effectiveness of Robinhood's IPO registration statement on Form S-1 ("Liquidity Event").
- [F7]On March 10, 2021, the reporting person was granted 258,065 RSUs under the 2020 Plan. Subject to accelerated vesting in certain circumstances, one-fourth (1/4) of these RSUs were scheduled to vest on January 1, 2022, with the remainder scheduled to vest in twelve (12) equal quarterly installments thereafter, in each case subject to (a) the reporting person's continued service with Robinhood through the applicable vesting date and (b) the occurrence of a Liquidity Event.
Documents
Issuer
Robinhood Markets, Inc.
CIK 0001783879
Entity typeother
Related Parties
1- filerCIK 0001871293
Filing Metadata
- Form type
- 4
- Filed
- Jul 29, 8:00 PM ET
- Accepted
- Jul 30, 4:25 PM ET
- Size
- 14.0 KB