Verma Shiv 4

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.