Gallagher Daniel Martin Jr 4

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.