Baiju Bhatt - Feb 21, 2024 Form 4 Insider Report for Robinhood Markets, Inc. (HOOD)

Role
Chief Creative Officer, Director
Signature
/s/ Brandon Webb, attorney-in-fact for Baiju Bhatt
Stock symbol
HOOD
Transactions as of
Feb 21, 2024
Transactions value $
-$2,552,073
Form type
4
Date filed
2/23/2024, 06:29 PM
Previous filing
Feb 5, 2024
Next filing
Feb 28, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HOOD Class A Common Stock Conversion of derivative security +185K +5278.24% 188K Feb 21, 2024 By Living Trust F1
transaction HOOD Class A Common Stock Sale -$2.55M -188K -100% $13.57 0 Feb 21, 2024 By Living Trust F2, F3
holding HOOD Class A Common Stock 36K Feb 21, 2024 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction HOOD Class B Common Stock Conversion of derivative security $0 -185K -0.31% $0.00 59.1M Feb 21, 2024 Class A Common Stock 185K By Living Trust F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 As part of the transaction effected on February 21, 2024 pursuant to the Rule 10b5-1 trading plan adopted by the Living Trust on September 13, 2023 ("Bhatt 10b5-1 plan"), the Living Trust sold 184,580 shares of its Class B Common Stock, resulting in an automatic conversion of the shares into Class A Common Stock upon execution of the sale.
F2 This transaction was effected pursuant to the Bhatt 10b5-1 plan.
F3 This transaction was executed in multiple trades during the day at prices ranging from $13.40 to $13.84. 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.