Bhatt Baiju 4

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.