Verma Shiv 4
4 · Robinhood Markets, Inc. · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Robinhood (HOOD) CFO Shiv Verma Exercises/Settles RSUs; Shares Withheld
What Happened
- Shiv Verma, Chief Financial Officer of Robinhood Markets (HOOD), had 24,278 restricted stock units (RSUs vest and convert one-for-one to Class A common stock) settle on March 1, 2026. Of those, 12,428 shares were withheld by the company to satisfy tax withholding at $75.85 per share (total ≈ $942,664). The net result was delivery of about 11,850 shares to Verma.
- The transaction lines in the filing reflect the conversion/settlement of RSUs (derivative conversion) and the related tax-withholding disposition; the withholding was handled by the company and is not an open-market sale by the reporting person.
Key Details
- Transaction date: March 1, 2026. Form filed March 3, 2026 (timely filing).
- RSUs vested/converted: 24,278 shares total.
- Shares withheld for tax withholding: 12,428 shares at $75.85/share; cash value ≈ $942,664.
- Net shares delivered to executive: ~11,850 shares (24,278 - 12,428).
- Relevant footnotes:
- F1: RSUs convert one-for-one to Class A common stock on vesting.
- F2: Withheld shares represent company withholding to satisfy tax obligations and do not represent a sale by the reporting person.
- F3–F5: Underlying RSU grants were made in 2022, 2024 and 2025 with multi-period vesting schedules.
- Filing timeliness: Appears timely (Form 4 filed 2 days after the transaction date).
Context
- This was an RSU vesting/settlement event, not an open-market sale or a new cash purchase. The withholding is a routine, administrative step to cover tax liabilities on vesting and commonly reported as a disposition on Form 4 even though the shares were retained by the company for taxes.
- For retail investors: routine tax-withholding on vested equity is not a clear bullish or bearish signal; purchases (open-market buys) tend to be more informative about insider sentiment.
Insider Transaction Report
Form 4
Verma Shiv
Chief Financial Officer
Transactions
- Exercise/Conversion
Class A Common Stock
[F1]2026-03-01+24,278→ 76,049 total - Tax Payment
Class A Common Stock
[F2]2026-03-01$75.85/sh−12,428$942,664→ 63,621 total - Exercise/Conversion
Restricted Stock Units
[F1][F3]2026-03-01−4,293→ 0 total→ Class A Common Stock (4,293 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F4]2026-03-01−7,062→ 0 total→ Class A Common Stock (7,062 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F5]2026-03-01−12,923→ 77,537 total→ Class A Common Stock (12,923 underlying)
Footnotes (5)
- [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 24,278 RSUs and does not represent a sale by the Reporting Person.
- [F3]On March 24, 2022, the Reporting Person was granted 68,682 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 10, 2024, the Reporting Person was granted 28,245 RSUs under the 2021 Plan. One fourth (1/4) of these RSUs vested on June 1, 2025, with the remainder scheduled to vest in three (3) 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 19, 2025, the Reporting Person was granted 129,228 RSUs under the 2021 Plan. Ten percent (10%) of the RSUs vested on June 1, 2025 and on each subsequent three-month anniversary until forty percent (40%) of the award is fully vested; seven and one-half percent (7.5%) shall vest on the fifteen-month anniversary and on each subsequent three-month anniversary until an additional thirty percent (30%) is vested; five percent (5%) shall vest on the twenty-seven-month anniversary on each subsequent three-month anniversary until an additional twenty percent (20%) is vested; and two and on-half percent (2.5%) shall vest on the thirty-nine-month anniversary and on each subsequent three-month anniversary until the remaining ten percent (10%) is vested, 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.
Signature
/s/ Matthew Yorkavich, attorney-in- fact for Shiv Verma|2026-03-03