Zoellick Robert B. 4

What Happened

• Robert B. Zoellick, a director of Robinhood Markets, had 800 derivative units convert into 800 shares (transaction code M — exercise/conversion of derivative) on April 1, 2026. The filing also reports a simultaneous disposition of 800 shares at $0.00 (reported value $0).
• This activity reflects RSU vesting/settlement rather than an open‑market purchase or a cash sale for proceeds. No cash proceeds are reported in the filing.

Key Details

• Transaction date: 2026-04-01; Form 4 filed: 2026-04-02 (timely; within required reporting window).
• Acquired: 800 shares via exercise/conversion of a derivative (no price listed). Disposed: 800 shares at $0.00 (reported $0).
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Footnotes: F1 — RSUs convert one-for-one into Class A common stock on vesting. F2 — these RSUs were granted June 25, 2025 (3,202 RSUs) with a multi‑quarter vesting schedule; the filing shows one installment of 800 converting.
• Transaction code M indicates conversion/exercise of a derivative (here, RSUs vesting/settlement).

Context

• Vesting of RSUs is compensation and routine; it does not necessarily signal the director’s view on the stock. Because the acquisition and disposition are reported the same day with $0 proceeds, this likely reflects a non‑cash settlement/transfer pattern common in RSU processing (e.g., net settlement or withholding), though the filing does not state proceeds or the exact settlement mechanics.