Robinhood (HOOD) CAO Dara Bazzano Exercises RSUs; Shares Withheld

What Happened
Dara Bazzano, Chief Accounting Officer of Robinhood Markets (HOOD), had 6,977 restricted stock units (RSUs) vest and convert into Class A common stock on September 1, 2026. To satisfy tax withholding obligations, Robinhood withheld 2,504 of those shares at a reported withholding price of $104.81 per share, yielding proceeds of $262,444. The RSU conversion is reported as an exercise/conversion of a derivative (code M) with a follow-on tax withholding transaction (code F).

Key Details

• Transaction date: 2026-09-01; Form 4 filed 2026-09-03 (timely filing).
• Vesting/conversion: 6,977 RSUs converted to shares (reported as M; acquisition via vesting).
• Tax withholding: 2,504 shares withheld at $104.81 per share, total $262,444 (reported as F). This withholding is not a sale by the reporting person (see footnote F2).
• Estimated value: Using the $104.81 price, the 6,977 vested RSUs equal roughly $731k in value.
• Footnotes: F1—RSUs convert 1:1 to Class A common stock; F3—these RSUs were part of a 41,782-RSU grant on May 6, 2026 with a multi-date vesting schedule.
• Shares owned after the transaction: not specified in this filing.
• Remarks: Exhibit 24 – Power of Attorney noted.

Context
This was a routine RSU vesting and tax-withholding event, not an open-market sale or purchase by the insider. Withholding of shares to cover taxes is common and does not necessarily indicate a change in insider sentiment. The filing shows conversion of RSUs into shares and company withholding to cover tax obligations (a partial cashless settlement).