Quirk Steven M. 4
4 · Robinhood Markets, Inc. · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Robinhood (HOOD) CBO Steven Quirk Receives RSU Shares; Shares Withheld
What Happened
- Steven M. Quirk, Chief Brokerage Officer of Robinhood (HOOD), had 61,329 restricted stock units (RSUs) vest and convert into Class A common stock on March 1, 2026. Of those shares, Robinhood withheld 27,170 shares to satisfy tax withholding obligations, valued at $75.85 per share (≈ $2,060,844). The remainder of the vested RSUs were issued to Mr. Quirk.
- The filing shows conversion/settlement mechanics (derivative entries at $0.00) and the tax-withholding entry (code F) reflecting shares withheld rather than an open-market sale by the insider.
Key Details
- Transaction date: March 1, 2026; Form 4 filed March 3, 2026 (appears timely — within the typical 2-business-day window).
- Vesting/conversion: 61,329 RSUs converted into 61,329 shares (one-for-one per company note).
- Shares withheld for tax: 27,170 shares withheld at $75.85/share = $2,060,844 (this withholding is not a market sale by the reporting person).
- Administrative/derivative entries: several conversion entries recorded at $0.00 reflecting settlement of RSU tranches (these are conversion mechanics, not cash sales).
- Post-transaction holdings: Not specified in the provided excerpt of the filing.
- Footnote context: The RSUs stem from prior grants (March 2023, March 2024, March 2025) that vest in scheduled quarterly installments (one-sixteenth upfront, then 15 equal quarterly vestings), subject to continued service and certain acceleration provisions.
Context
- This was vesting/settlement of RSUs (award conversion), not an open-market purchase or typical sale. The withheld shares to cover taxes are a routine administrative action (cashless tax withholding) and do not necessarily indicate insider sentiment for buying/selling stock.
- The zero-dollar derivative entries simply reflect conversion/settlement mechanics of RSU tranches; the only cash value noted is the tax withholding amount.
Insider Transaction Report
Form 4
Quirk Steven M.
Chief Brokerage Officer
Transactions
- Exercise/Conversion
Class A Common Stock
[F1]2026-03-01+61,329→ 88,893 total - Tax Payment
Class A Common Stock
[F2]2026-03-01$75.85/sh−27,170$2,060,844→ 61,723 total - Exercise/Conversion
Restricted Stock Units
[F1][F3]2026-03-01−27,995→ 111,983 total→ Class A Common Stock (27,995 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F4]2026-03-01−16,837→ 134,699 total→ Class A Common Stock (16,837 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F5]2026-03-01−16,497→ 197,966 total→ Class A Common Stock (16,497 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 61,329 RSUs and does not represent a sale by the Reporting Person.
- [F3]On March 22, 2023, the Reporting Person was granted 447,929 RSUs under Robinhood's 2021 Omnibus Incentive Plan (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.
- [F4]On March 20, 2024, the Reporting Person was granted 269,397 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.
- [F5]On March 20, 2025, the Reporting Person was granted 263,954 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.
Signature
/s/ Matthew Yorkavich, attorney-in-fact for Steven M. Quirk|2026-03-03