0001783879-22-000238.txt : 20221103
0001783879-22-000238.hdr.sgml : 20221103
20221103183941
ACCESSION NUMBER: 0001783879-22-000238
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20221101
FILED AS OF DATE: 20221103
DATE AS OF CHANGE: 20221103
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Bhatt Baiju
CENTRAL INDEX KEY: 0001870914
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-40691
FILM NUMBER: 221359655
MAIL ADDRESS:
STREET 1: C/O ROBINHOOD MARKETS, INC.
STREET 2: 85 WILLOW ROAD
CITY: MENLO PARK
STATE: CA
ZIP: 94025
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Robinhood Markets, Inc.
CENTRAL INDEX KEY: 0001783879
STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211]
IRS NUMBER: 464364776
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 85 WILLOW ROAD
CITY: MENLO PARK
STATE: CA
ZIP: 94025
BUSINESS PHONE: 844-428-5411
MAIL ADDRESS:
STREET 1: 85 WILLOW ROAD
CITY: MENLO PARK
STATE: CA
ZIP: 94025
4
1
wf-form4_166751516259371.xml
FORM 4
X0306
4
2022-11-01
0
0001783879
Robinhood Markets, Inc.
HOOD
0001870914
Bhatt Baiju
C/O ROBINHOOD MARKETS, INC.
85 WILLOW ROAD
MENLO PARK
CA
94025
1
1
0
0
Chief Creative Officer
Class A Common Stock
2022-11-01
4
M
0
57632
A
428398
D
Class A Common Stock
2022-11-02
4
S
0
29366
11.629
D
399032
D
Class A Common Stock
1383020
I
By Living Trust
Market-Based Performance Stock Units
2022-11-01
4
M
0
57632
0
D
2025-12-31
Class A Common Stock
57632.0
11468892
D
Performance stock units ("PSUs") convert into Class A Common Stock on a one-for-one basis upon vesting and settlement.
Reflects the prior transfer of 370,766 shares of Class A Common Stock from the Reporting Person to his Living Trust, which transfer effected only a change in the form of beneficial ownership and did not result in any change in the Reporting Person's pecuniary interest in such shares.
This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person in July 2021 which provides for an automatic sale of a sufficient number of shares to cover the tax withholding liability associated with the vesting and settlement of the 57,632 PSUs reported above.
This transaction was executed in multiple trades during the day at prices ranging from $11.51 to $11.90. The weighted-average price is reported above. The Reporting Person hereby undertakes to provide to the SEC staff, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares and prices at which the trades were made.
On October 8, 2019, the Reporting Person was granted 13,831,829 market-based PSUs under the Robinhood Markets Inc. ("Robinhood") Amended and Restated 2013 Stock Plan. Subject to accelerated vesting in certain circumstances, portions of the award become eligible to vest based on satisfaction of share-price goals of $30.45 (20% portion), $50.75 (30% portion), and $101.50 (50% portion). These goals were initially tested based on Robinhood's initial public offering ("IPO") price, and thereafter are tested based on its trailing 60-trading-day average daily VWAP. When a share-price goal is achieved, half of the PSUs allocated to that level vest immediately, with the other half of the PSUs allocated to that level vesting in accordance with a time-based service schedule in twenty-four (24) equal quarterly installments from a vesting commencement date of August 1, 2018 through August 1, 2024, subject to the Reporting Person's continued service with Robinhood through the applicable vesting date.
/s/ Brandon Webb, attorney-in-fact for Baiju Bhatt
2022-11-03