Gallagher Daniel Martin Jr 4
4 · Robinhood Markets, Inc. · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Robinhood (HOOD) CLO Daniel Gallagher RSUs Vest; Shares Withheld
What Happened Daniel Martin Gallagher Jr., Chief Legal Officer of Robinhood Markets (HOOD), had 133,587 restricted stock units (RSUs vest and convert to Class A common stock) on March 1, 2026. As part of the settlement, 64,350 shares were withheld by Robinhood to satisfy tax withholding obligations at a per-share value of $75.85, representing $4,880,948. The remaining vested RSUs were converted into shares; the filing shows the withholding as a disposition (code F) and the vesting/conversion as derivative exercises (code M).
Key Details
- Transaction date: March 1, 2026; Form 4 filed March 3, 2026 (filed timely).
- Vesting/conversion: 133,587 RSUs converted to shares (code M).
- Tax withholding/disposition: 64,350 shares withheld at $75.85 per share for $4,880,948 (code F). The filing notes this withholding is to satisfy tax obligations and is not an open-market sale (Footnote F2).
- Other derivative entries: dispositions of 28,936; 66,489; 24,414; and 13,748 shares (these sum to the 133,587 vested RSUs and reflect the withholding/settlement mechanics).
- Shares owned after transaction: not specified in the provided filing.
- Relevant footnotes: F1 confirms RSUs convert one-for-one to Class A common stock; F3–F6 describe the original RSU grants and standard quarterly vesting schedule.
Context This was a routine RSU vesting and tax-withholding event, not an open-market sale or a purchase. For insiders, withheld shares to cover taxes are common and do not necessarily signal a change in sentiment. The filing uses derivative (M) and tax-withholding (F) codes — the practical effect here was conversion of vested RSUs into shares with a portion retained to pay taxes.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock
[F1]2026-03-01+133,587→ 527,199 total - Tax Payment
Class A Common Stock
[F2]2026-03-01$75.85/sh−64,350$4,880,948→ 462,849 total - Exercise/Conversion
Restricted Stock Units
[F1][F3]2026-03-01−28,936→ 0 total→ Class A Common Stock (28,936 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F4]2026-03-01−66,489→ 265,958 total→ Class A Common Stock (66,489 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F5]2026-03-01−24,414→ 195,313 total→ Class A Common Stock (24,414 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F6]2026-03-01−13,748→ 164,972 total→ Class A Common Stock (13,748 underlying)
Footnotes (6)
- [F1]Restricted stock units ("RSUs") convert into Class A Common Stock on a one-for-one basis upon vesting and settlement.
- [F2]Represents shares withheld by Robinhood Markets, Inc. ("Robinhood") to satisfy tax withholding obligations in connection with the vesting and settlement of 133,587 RSUs and does not represent a sale by the Reporting Person.
- [F3]On March 24, 2022, the Reporting Person was granted 462,963 RSUs under Robinhood's 2021 Omnibus Incentive Plan (the "2021 Plan"). One-sixteenth (1/16) of these RSUs vested on June 1, 2022, with the remainder scheduled to vest in fifteen (15) equal quarterly installments thereafter, 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.
- [F4]On March 22, 2023, the Reporting Person was granted 1,063,830 RSUs under the 2021 Plan. One-sixteenth (1/16) of these RSUs vested on June 1, 2023, with the remainder scheduled to vest in fifteen (15) equal quarterly installments thereafter, 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.
- [F5]On March 20, 2024, the Reporting Person was granted 390,625 RSUs under the 2021 Plan. One-sixteenth (1/16) of these RSUs vested on June 1, 2024, with the remainder scheduled to vest in fifteen (15) equal quarterly installments thereafter, 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.
- [F6]On March 20, 2025, the Reporting Person was granted 219,962 RSUs under the 2021 Plan. One-sixteenth (1/16) of these RSUs vested on June 1, 2025, with the remainder scheduled to vest in fifteen (15) equal quarterly installments thereafter, 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.