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Robinhood Markets, Inc.·4

Jun 3, 4:54 PM ET

Verma Shiv 4

Research Summary

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Updated

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.