Robinhood (HOOD) Chief Brokerage Officer Steven Quirk Receives RSUs

What Happened

• Steven M. Quirk, Chief Brokerage Officer of Robinhood Markets (HOOD), had 71,176 restricted stock units (RSUs) vest and convert into 71,176 Class A shares on September 1, 2026. To satisfy tax withholding, 31,533 shares were withheld at $104.81 per share for a withholding value of $3,304,974. The net shares delivered to Quirk were approximately 39,643.
• The filing lists conversion/exercise entries (transaction code M) for the RSU grants and a tax-withholding disposition (transaction code F). This was an award vesting event (not an open-market sale or purchase).

Key Details

• Transaction date: 2026-09-01; Form 4 filed: 2026-09-03 (filed timely).
• Shares vested/converted: 71,176 RSUs → 71,176 shares (aggregate).
• Shares withheld for taxes: 31,533 shares at $104.81 per share = $3,304,974.
• Net shares received by Quirk: ~39,643 shares (71,176 − 31,533).
• Footnotes: RSUs convert 1:1 into Class A stock on vesting (F1). F2 clarifies the withheld shares were retained by Robinhood to satisfy tax obligations and do not represent an open-market sale by the reporting person. Grants originate from awards made in 2023–2026 under the 2021 Omnibus Incentive Plan (F3–F6).
• Filing timeliness: Reported within the required Form 4 window (no late filing indicated).

Context

• This was a routine RSU vesting and net-share settlement to cover tax liability (a common form of "cashless" settlement for RSUs). Such withholdings are standard and do not necessarily signal insider buying or selling intent.
• Transaction codes: M = exercise/conversion of derivative (RSU conversion), F = payment of exercise price or tax liability (share withholding).