Quirk Steven M. 4
4 · Robinhood Markets, Inc. · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
Robinhood (HOOD) CBO Steven Quirk Receives Vesting RSUs; Shares Withheld
What Happened
- Steven M. Quirk, Chief Brokerage Officer at Robinhood Markets (HOOD), had 71,176 restricted stock units (RSUs) vest and convert into Class A common stock on June 1, 2026. To satisfy tax withholding, 31,533 shares were withheld at a per-share value of $94.30, totaling $2,973,562. The remaining 39,643 vested shares were delivered to Quirk (net of withholding).
- This was a vesting/net-share-settlement event (conversion of RSUs), not an open-market sale by the reporting person.
Key Details
- Transaction date: June 1, 2026; Form 4 filed June 3, 2026 (appears timely).
- Total RSUs vested: 71,176 shares. Shares withheld for taxes: 31,533 @ $94.30 = $2,973,562. Net shares issued: 39,643.
- Footnotes: RSUs convert one-for-one to Class A common stock on vesting. The 31,533-share withholding was to satisfy tax obligations and "does not represent a sale by the Reporting Person" (company withheld shares).
- Transaction codes: M = exercise/conversion of derivative (RSU conversion); F = payment of exercise price or tax liability (share withholding).
- Shares owned after the transaction: not specified in the provided filing.
Context
- This was a routine RSU vesting and net-share settlement (company withheld shares to cover taxes). For retail investors, such withholding is a standard administrative step and does not necessarily signal a personal sale or change in insider sentiment. Purchases by insiders tend to be more informative about confidence than routine vesting events.
Insider Transaction Report
Form 4
Quirk Steven M.
Chief Brokerage Officer
Transactions
- Exercise/Conversion
Class A Common Stock
[F1]2026-06-01+71,176→ 124,359 total - Tax Payment
Class A Common Stock
[F2]2026-06-01$94.30/sh−31,533$2,973,562→ 92,826 total - Exercise/Conversion
Restricted Stock Units
[F1][F3]2026-06-01−27,996→ 83,987 total→ Class A Common Stock (27,996 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F4]2026-06-01−16,837→ 117,862 total→ Class A Common Stock (16,837 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F5]2026-06-01−16,497→ 181,469 total→ Class A Common Stock (16,497 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F6]2026-06-01−9,846→ 147,693 total→ Class A Common Stock (9,846 underlying)
Footnotes (6)
- [F1]Restricted stock units ("RSUs") convert into Class A Common Stock on a one-for-one basis upon vesting and settlement.
- [F2]Represents shares withheld by Robinhood Markets, Inc. ("Robinhood") to satisfy tax withholding obligations in connection with the vesting and settlement of 71,176 RSUs and does not represent a sale by the Reporting Person.
- [F3]On March 22, 2023, the Reporting Person was granted 447,929 RSUs under Robinhood's 2021 Omnibus Incentive Plan (the "2021 Plan"). One-sixteenth (1/16) of these RSUs vested on June 1, 2023, with the remainder scheduled to vest in fifteen (15) equal quarterly installments thereafter, 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]On March 20, 2024, the Reporting Person was granted 269,397 RSUs under the 2021 Plan. One-sixteenth (1/16) of these RSUs vested on June 1, 2024, with the remainder scheduled to vest in fifteen (15) equal quarterly installments thereafter, 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.
- [F5]On March 20, 2025, the Reporting Person was granted 263,954 RSUs under the 2021 Plan. One-sixteenth (1/16) of these RSUs vested on June 1, 2025, with the remainder scheduled to vest in fifteen (15) equal quarterly installments thereafter, 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.
- [F6]On March 19, 2026, the Reporting Person was granted 157,539 RSUs under the 2021 Plan. One-sixteenth (1/16) of these RSUs vested on June 1, 2026, with the remainder scheduled to vest in fifteen (15) equal quarterly installments thereafter, 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 Steven M. Quirk|2026-06-03