Bhatt Baiju 4
4 · Robinhood Markets, Inc. · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
Robinhood (HOOD) Director Baiju Bhatt Receives RSU Award
What Happened
Baiju Bhatt, a director of Robinhood Markets (HOOD), had RSU activity in early June 2026. On June 1 he converted/exercised 801 RSUs into 801 shares (conversion reported with no cash price) and those 801 shares were concurrently reported as disposed at $0. On June 2 he was granted 3,289 restricted stock units (RSUs) as a non-employee director award (no cash paid). These are compensation events, not open‑market purchases or sales.
Key Details
- Filing date: Form 4 filed 2026-06-03 (reports activity through 2026-06-01); filing appears timely.
- June 1, 2026: Conversion/exercise of derivative (code M) — 801 shares acquired (price N/A), then 801 shares disposed (reported price $0).
- June 2, 2026: Grant/award (code A) — 3,289 RSUs granted, reported $0.
- Shares owned after the transactions: Not specified in this filing.
- Footnotes: RSUs convert one-for-one into Class A common stock on vesting (F1). The 3,289 RSU award is the director annual grant and vests 1/4 on Oct 1, 2026 with the remainder in three equal quarterly installments (final installment no later than day before 2027 annual meeting) (F3, F4). The 801 conversion likely relates to vested RSUs from an earlier award (prior 2025 grant described in footnote F2).
Context
- For retail investors: conversions and awards for directors are typically compensation-related. The filing shows conversion of RSUs and a new RSU grant rather than an open‑market buy or sale.
- The 801 shares reported as disposed at $0 are commonly indicative of shares withheld or surrendered to satisfy taxes/withholding on vesting (the filing reports the disposal but does not state the reason).
- These events do not necessarily indicate the director buying or selling stock on the open market.
Insider Transaction Report
Form 4
Bhatt Baiju
Director
Transactions
- Exercise/Conversion
Class A Common Stock
[F1]2026-06-01+801→ 3,579 total - Exercise/Conversion
Restricted Stock Units
[F1][F2]2026-06-01−801→ 0 total→ Class A Common Stock (801 underlying) - Award
Restricted Stock Units
[F1][F3][F4]2026-06-02+3,289→ 3,289 total→ Class A Common Stock (3,289 underlying)
Footnotes (4)
- [F1]Restricted stock units ("RSUs") convert into Class A Common Stock on a one-for-one basis upon vesting and settlement.
- [F2]On June 25, 2025, the Reporting Person was granted 3,202 RSUs under the Robinhood Markets, Inc. ("Robinhood") 2021 Omnibus Incentive Plan (the "2021 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.
- [F3]This RSU award represents the Reporting Person's annual grant pursuant to the Non-Employee Director Compensation Program of Robinhood and was granted automatically on the date of Robinhood's annual meeting of stockholders.
- [F4]On June 2, 2026, the Reporting Person was granted 3,289 RSUs under Robinhood's 2021 Plan. One-fourth (1/4) of these RSUs will vest on October 1, 2026, 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 2027 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|2026-06-03