Zoellick Robert B. 4
4 · Robinhood Markets, Inc. · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
Robinhood (HOOD) Director Robert Zoellick Receives RSU Grant & Converts Derivative
What Happened
Robert B. Zoellick, a non-employee director of Robinhood Markets (HOOD), converted/exercised a derivative position for 801 shares on June 1, 2026 (Form 4 code M). The filing shows a simultaneous disposition of 801 derivative shares at $0.00 (no cash proceeds reported). On June 2, 2026 he was granted 3,289 restricted stock units (RSUs) under Robinhood’s 2021 Omnibus Incentive Plan (no purchase price).
Key Details
- Transactions:
- 2026-06-01: Exercise/conversion of derivative (M) — 801 shares acquired (price N/A).
- 2026-06-01: Disposition of 801 derivative shares — $0.00 (reported as derivative disposition).
- 2026-06-02: Grant/award (A) — 3,289 RSUs granted at $0.00.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnotes of note:
- F1: RSUs convert one-for-one into Class A common stock upon vesting/settlement.
- F2/F4: Prior and new RSU grants have multi-quarter vesting schedules subject to continued service; F3 notes the annual director RSU grant under the non-employee director compensation program.
- Filing timeliness: Report period 2026-06-01; Form 4 filed 2026-06-03 (appears to be filed within the typical two-business-day window).
Context
The M (exercise/conversion) code indicates a derivative conversion (e.g., vested RSUs or option conversion) rather than an open-market purchase or sale. The reported $0.00 disposition means no cash was received in that disposition — often indicative of net settlement, withholding or internal transfer rather than a public sale. The 3,289-RSU award is a routine director compensation grant with a specified vesting schedule and does not by itself indicate trading intent.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock
[F1]2026-06-01+801→ 102,050 total - Exercise/Conversion
Restricted Stock Units
[F1][F2]2026-06-01−801→ 0 total→ Class A Common Stock (801 underlying) - Award
Restricted Stock Units
[F1][F3][F4]2026-06-02+3,289→ 3,289 total→ Class A Common Stock (3,289 underlying)
Footnotes (4)
- [F1]Restricted stock units ("RSUs") convert into Class A Common Stock on a one-for-one basis upon vesting and settlement.
- [F2]On June 25, 2025, the Reporting Person was granted 3,202 RSUs under the Robinhood Markets, Inc. ("Robinhood") 2021 Omnibus Incentive Plan (the "2021 Plan"). One-fourth (1/4) of these RSUs vested on October 1, 2025, with the remainder vesting in three (3) equal quarterly installments thereafter (except the final installment will vest no later than the day before Robinhood's 2026 annual meeting of stockholders), 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.
- [F3]This RSU award represents the Reporting Person's annual grant pursuant to the Non-Employee Director Compensation Program of Robinhood and was granted automatically on the date of Robinhood's annual meeting of stockholders.
- [F4]On June 2, 2026, the Reporting Person was granted 3,289 RSUs under Robinhood's 2021 Plan. One-fourth (1/4) of these RSUs will vest on October 1, 2026, with the remainder vesting in three (3) equal quarterly installments thereafter (except the final installment will vest no later than the day before Robinhood's 2027 annual meeting of stockholders), 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.