Quirk Steven M. 4

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.