Bhatt Baiju 4

4 · Robinhood Markets, Inc. · Filed Apr 2, 2026

AI-generated summary of this filing

Updated Apr 2, 2026

Robinhood Director Baiju Receives Award, Converts RSUs

What Happened

Baiju, a non-employee director of Robinhood Markets (HOOD), was automatically granted 180 shares of Class A common stock on March 31, 2026 under the company's director compensation program (in lieu of cash). The grant was based on the March 31 closing price of $69.30, valuing the award at about $12,474, and the shares vested immediately.
On April 1, 2026, 800 restricted stock units (RSUs) converted into 800 shares (reported as an exercise/conversion of a derivative). The filing also shows a simultaneous disposition of 800 shares at $0.00 per share (reported as a derivative disposition), consistent with a net settlement or share surrender commonly used to cover withholding/taxes on vesting.

Key Details

Transaction dates: Grant 2026-03-31; RSU conversion and matching disposition 2026-04-01. Filing date: 2026-04-02 (appears timely).
Prices/values: 180-share director grant priced at $69.30/share → ≈ $12,474 total. RSU conversion recorded at N/A; disposition recorded at $0.00 per share.
Shares owned after transaction: not specified in the provided filing excerpt.
Relevant footnotes: F1 explains the 180-share director award in lieu of cash and that those shares vested immediately; F2 notes RSUs convert 1:1 into common stock on vesting; F3 describes the original 3,202-RSU grant and its vesting schedule from June 25, 2025.
Filing timeliness: Report filed Apr 2 for transactions on Mar 31 and Apr 1 — appears to comply with the 2-business-day Form 4 filing rule.

Context

The RSU conversion and immediate disposition at $0.00 is commonly how companies handle tax withholding on vesting (a portion of shares are surrendered rather than a cash payment). This filing documents compensation and vesting activity rather than an open-market buy or sale by the insider.
For retail investors, awards and RSU vesting are routine compensation events and do not by themselves indicate the insider’s view of the stock’s near-term prospects.

Form 4

Period: 2026-03-31

Director

Transactions

Award
Class A Common Stock
[F1]
2026-03-31+180→ 1,978 total
Exercise/Conversion
Class A Common Stock
[F2]
2026-04-01+800→ 2,778 total
Exercise/Conversion
Restricted Stock Units
[F2][F3]
2026-04-01−800→ 801 total
→ Class A Common Stock (800 underlying)

Footnotes (3)

[F1]On March 31, 2026, the Reporting Person was automatically granted 180 shares of Class A Common Stock under the Non-Employee Director Compensation Program of Robinhood Markets, Inc. ("Robinhood"), which permits directors to elect to receive payment of quarterly director fees in the form of stock, and Robinhood's 2021 Omnibus Incentive Plan. This grant was made in lieu of cash fees, based on the March 31, 2026 closing price of $69.30 per share of Class A Common Stock, and these shares were fully vested upon grant.
[F2]Restricted stock units ("RSUs") convert into Class A Common Stock on a one-for-one basis upon vesting and settlement.
[F3]On June 25, 2025, the Reporting Person was granted 3,202 RSUs under Robinhood's 2021 Omnibus Incentive Plan. One-fourth (1/4) of these RSUs vested on October 1, 2025, with the remainder vesting in three (3) equal quarterly installments thereafter (except the final installment will vest no later than the day before Robinhood's 2026 annual meeting of stockholders), 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 Baiju Bhatt|2026-04-02

1 file