Verma Shiv 4
4 · Robinhood Markets, Inc. · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
Robinhood (HOOD) CFO Shiv Verma Receives RSU Shares; Tax Withheld
What Happened
- Shiv Verma, Chief Financial Officer of Robinhood Markets (HOOD), had 33,322 restricted stock units (RSUs) vest and convert into Class A common stock on June 1, 2026. Of those, 16,955 shares were withheld to satisfy tax-withholding obligations at $94.30 per share (total value $1,598,857). The filing shows the RSU conversion split into derivative conversion entries (9,692 and 23,630 shares) recorded at $0.00, consistent with RSU settlement rather than an open-market purchase or sale.
- This was primarily an award/vesting event; the only shares marked “disposed” relate to tax withholding and, per the filing, do not constitute a sale by the reporting person.
Key Details
- Transaction date: 2026-06-01; Filing date: 2026-06-03 (filed promptly).
- Reported entries:
- Exercise/conversion (M): 33,322 RSUs converted to shares (Acquired).
- Tax withholding (F): 16,955 shares withheld @ $94.30 = $1,598,857 (Disposed) — withheld to cover taxes, not an open-market sale.
- Exercise/conversion (M): 9,692 shares @ $0.00 (Disposed) and 23,630 shares @ $0.00 (Disposed) — these entries sum to the 33,322 conversion and reflect RSU settlement mechanics.
- Shares owned after the transaction: not specified in the filing.
- Notable footnotes:
- F1: RSUs convert one-for-one into Class A common stock upon vesting.
- F3: The 16,955-share withholding satisfies tax obligations and “does not represent a sale by the Reporting Person.”
- F4/F5: Verma has prior RSU grants (Mar 19, 2025 and Mar 19, 2026) with staged vesting schedules.
- F2: Separately, 233 shares were acquired under the ESPP in May 2026 (mentioned in footnotes).
- Timeliness: Filing appears timely (reported within two business days).
Context
- This is a routine RSU vesting/settlement and tax-withholding transaction, not an open-market purchase or a traditional sale. The derivative-code entries (M) indicate conversion/settlement of RSUs; the withholding (F) is a common cashless/net settlement to cover taxes. Such withholding does not necessarily signal insider sentiment about the stock.
Insider Transaction Report
Form 4
Verma Shiv
Chief Financial Officer
Transactions
- Exercise/Conversion
Class A Common Stock
[F1][F2]2026-06-01+33,322→ 80,866 total - Tax Payment
Class A Common Stock
[F3]2026-06-01$94.30/sh−16,955$1,598,857→ 63,911 total - Exercise/Conversion
Restricted Stock Units
[F1][F4]2026-06-01−9,692→ 67,845 total→ Class A Common Stock (9,692 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F5]2026-06-01−23,630→ 212,678 total→ Class A Common Stock (23,630 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]Reflects the acquisition of 233 shares in May 2026 under the Robinhood Markets, Inc. ("Robinhood") 2021 Employee Share Purchase Plan.
- [F3]Represents shares withheld by Robinhood to satisfy tax withholding obligations in connection with the vesting and settlement of 33,322 RSUs and does not represent a sale by the Reporting Person.
- [F4]On March 19, 2025, the Reporting Person was granted 129,228 RSUs under Robinhood's 2021 Omnibus Incentive Plan (the "2021 Plan"). Ten percent (10%) of the RSUs vested on June 1, 2025 and on each subsequent three-month anniversary until forty percent (40%) of the award is fully vested; seven and one-half percent (7.5%) shall vest on the fifteen-month anniversary and on each subsequent three-month anniversary until an additional thirty percent (30%) is vested; five percent (5%) shall vest on the twenty-seven-month anniversary on each subsequent three-month anniversary until an additional twenty percent (20%) is vested; and two and on-half percent (2.5%) shall vest on the thirty-nine-month anniversary and on each subsequent three-month anniversary until the remaining ten percent (10%) is vested, 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 19, 2026, the Reporting Person was granted 236,308 RSUs under the 2021 Plan. Ten percent (10%) of the RSUs vested on June 1, 2026 and on each subsequent three-month anniversary until forty percent (40%) of the award is fully vested; seven and one-half percent (7.5%) shall vest on the fifteen-month anniversary and on each subsequent three-month anniversary until an additional thirty percent (30%) is vested; five percent (5%) shall vest on the twenty-seven-month anniversary on each subsequent three-month anniversary until an additional twenty percent (20%) is vested; and two and one-half percent (2.5%) shall vest on the thirty-nine-month anniversary and on each subsequent three-month anniversary until the remaining ten percent (10%) is vested, 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 Shiv Verma|2026-06-03