Zoellick Robert B. 4

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.