Quirk Steven M. 4

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.