Robinhood (HOOD) CFO Shiv Verma Receives RSU Vesting; Shares Withheld

What Happened
Shiv Verma, Chief Financial Officer of Robinhood Markets (HOOD), had RSUs vest and convert into 33,323 shares on September 1, 2026. To satisfy tax-withholding obligations, Robinhood withheld 16,956 of those shares at a per-share value of $104.81, resulting in roughly $1,777,158 withheld. The filing also shows two additional derivative conversion entries (9,692 and 23,631 shares) reported with $0 cash proceeds, which reflect RSU conversion/settlement mechanics rather than separate cash sales.

Key Details

• Transaction date: 2026-09-01; Form 4 filed: 2026-09-03. No late filing is indicated in the report.
• Main entries: 33,323 RSUs converted to 33,323 shares (code M — exercise/conversion of derivative).
• Tax withholding: 16,956 shares withheld at $104.81/share for $1,777,158 (code F — payment of tax liability). The filing notes this withholding is by the company and “does not represent a sale by the Reporting Person.”
• Other entries: conversion/disposition of 9,692 and 23,631 shares reported at $0 (derivative settlement entries).
• Shares owned after transaction: not specified in the disclosed Form 4.
• Relevant footnotes: F1 (RSUs convert 1-for-1 on vesting), F2 (withheld shares to cover taxes), F3 & F4 (details of the March 19, 2025 and March 19, 2026 RSU grants and vesting schedules).

Context

• These entries reflect RSU vesting and settlement rather than an open-market sale or a purchase. Withholding of shares to cover taxes (often called "sell-to-cover" or net share settlement) is routine and does not necessarily indicate a change in insider sentiment.
• Transaction codes: M = exercise/conversion of derivative (here, RSUs vesting); F = shares withheld to satisfy tax withholding.