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STOCK TITAN

[Form 4] Robinhood Markets, Inc. Insider Trading Activity

Filing Impact
(High)
Filing Sentiment
(Very Negative)
Form Type
4
Rhea-AI Filing Summary

Robinhood Markets insider Daniel M. Gallagher Jr. reported the vesting and settlement of restricted stock units (RSUs) that increased his Class A common stock holdings before shares were withheld for taxes. The filing shows 133,586 RSUs vested and were converted into shares, raising beneficial ownership to 700,473 Class A shares, followed by a withholding disposition of 64,524 shares at $104.03 to satisfy taxes, leaving 635,949 shares beneficially owned. Multiple prior RSU grants (2022, 2023, 2024, 2025) and their scheduled quarterly vesting are disclosed, with aggregate post-transaction holdings shown for each grant series.

Il dirigente di Robinhood Markets, Daniel M. Gallagher Jr., ha comunicato la maturazione e la conversione in azioni di unità di azioni vincolate (RSU), che hanno temporaneamente aumentato la sua partecipazione in azioni ordinarie di Classe A prima delle trattenute fiscali. La dichiarazione indica che 133.586 RSU sono maturate e sono state convertite in azioni, portando la partecipazione a 700.473 azioni di Classe A, seguite da una trattenuta di 64.524 azioni al prezzo di 104,03$ per coprire le imposte, con un saldo finale di 635.949 azioni detenute. Sono inoltre riportate sovvenzioni RSU precedenti (2022�2025) con i relativi piani di maturazione trimestrale e le partecipazioni aggregate post-transazione per ciascuna serie.

El directivo de Robinhood Markets, Daniel M. Gallagher Jr., informó la consolidación y liquidación de unidades restringidas de acciones (RSU), lo que aumentó temporalmente su tenencia de acciones Clase A antes de las retenciones fiscales. El informe muestra que 133.586 RSU se consolidaron y se convirtieron en acciones, elevando la propiedad a 700.473 acciones Clase A, seguidas de una retención de 64.524 acciones a 104,03$ para cubrir impuestos, quedando 635.949 acciones en su tenencia. También se detallan concesiones previas de RSU (2022�2025) con su calendario trimestral de consolidación y las participaciones agregadas tras la transacción para cada serie.

로빈후드 마켓� 내부� 다니� M. 갤러� 주니어는 제한부 주식 단위(RSU)� 성립 � 주식 전환� 보고했으�, 세금 원천징수 이전� 그의 클래� A 보통� 보유량이 증가했습니다. 신고서에 따르� 133,586 RSU가 성립되어 주식으로 전환되어 보유 지분이 700,473 클래� A주로 늘어났고, 세금 납부� 위해 64,524주가 주당 104.03달러� 원천징수 처분되어 최종적으� 635,949주를 보유하게 되었습니�. 또한 2022년부� 2025년까지� 다수 RSU 부여와 분기� 성립 일정 � � 부� 시리즈별 거래 � � 보유 내역� 공개되어 있습니다.

L'initié de Robinhood Markets, Daniel M. Gallagher Jr., a déclaré la vesting et la conversion d'unités d'actions restreintes (RSU), ce qui a augmenté temporairement sa détention d'actions ordinaires de classe A avant les retenues fiscales. Le dépôt indique que 133 586 RSU ont vesté et été converties en actions, portant la détention bénéficiaire à 700 473 actions de classe A, suivies d'une retenue de 64 524 actions à 104,03 $ pour régler les impôts, laissant 635 949 actions détenues. Sont également divulguées plusieurs attributions RSU antérieures (2022�2025) avec leur calendrier de vesting trimestriel et les avoirs agrégés après transaction pour chaque série.

Der Insider von Robinhood Markets, Daniel M. Gallagher Jr., meldete das Vesting und die Umwandlung von Restricted Stock Units (RSUs), wodurch sein Bestand an Class-A-Stammaktien vor steuerlichen Abzügen anstieg. Die Einreichung zeigt, dass 133.586 RSUs unverfallbar wurden und in Aktien umgewandelt wurden, wodurch das wirtschaftliche Eigentum auf 700.473 Class-A-Aktien stieg. Anschließend wurden zur Steuerzahlung 64.524 Aktien zu je 104,03$ einbehalten, sodass 635.949 Aktien verbleiben. Mehrere frühere RSU-Zuweisungen (2022�2025) mit ihren vierteljährlichen Vesting-Plänen sowie die aggregierten Bestände nach der Transaktion für jede Zuweisungsserie werden ebenfalls offengelegt.

Positive
  • RSU vesting increased beneficial ownership by 133,586 shares prior to tax withholding, showing continued equity alignment with shareholders
  • Clear disclosure of grant vintages and vesting schedules (2022, 2023, 2024, 2025) enhances transparency on executive compensation realization
Negative
  • Share withholding of 64,524 shares at $104.03 reduced the reporting person’s post-transaction holdings from 700,473 to 635,949 shares

Insights

TL;DR: Insider received substantial equity via RSU vesting, modestly reduced by tax-withholding sale � neutral-to-moderate signal on executive alignment.

The filing documents the standard conversion of RSUs into Class A shares and a corresponding share withholding to satisfy tax obligations. The net increase in fully owned shares prior to withholding signals continued equity compensation realization rather than an opportunistic cash sale. The withholding disposition at a $104.03 price is administrative and commonly used to cover taxes; it does not indicate a broader diversification or exit by the reporting person. For investors, this is routine insider compensation activity reflecting executive alignment with shareholder outcomes rather than a strong liquidity-driven action.

TL;DR: RSU vesting and tax-withholding are routine governance disclosures that confirm compensation schedules and internal compliance.

The Form 4 discloses vesting consistent with previously granted RSU schedules under the company's 2021 Omnibus Incentive Plan. The reporting clearly itemizes the original grant vintages and remaining post-transaction holdings for each grant series, supporting transparency around executive compensation realization. The withheld shares to satisfy tax obligations are explicitly noted as not representing a sale by the reporting person beyond tax-related disposition. No departures from expected governance or acceleration terms are reported here.

Il dirigente di Robinhood Markets, Daniel M. Gallagher Jr., ha comunicato la maturazione e la conversione in azioni di unità di azioni vincolate (RSU), che hanno temporaneamente aumentato la sua partecipazione in azioni ordinarie di Classe A prima delle trattenute fiscali. La dichiarazione indica che 133.586 RSU sono maturate e sono state convertite in azioni, portando la partecipazione a 700.473 azioni di Classe A, seguite da una trattenuta di 64.524 azioni al prezzo di 104,03$ per coprire le imposte, con un saldo finale di 635.949 azioni detenute. Sono inoltre riportate sovvenzioni RSU precedenti (2022�2025) con i relativi piani di maturazione trimestrale e le partecipazioni aggregate post-transazione per ciascuna serie.

El directivo de Robinhood Markets, Daniel M. Gallagher Jr., informó la consolidación y liquidación de unidades restringidas de acciones (RSU), lo que aumentó temporalmente su tenencia de acciones Clase A antes de las retenciones fiscales. El informe muestra que 133.586 RSU se consolidaron y se convirtieron en acciones, elevando la propiedad a 700.473 acciones Clase A, seguidas de una retención de 64.524 acciones a 104,03$ para cubrir impuestos, quedando 635.949 acciones en su tenencia. También se detallan concesiones previas de RSU (2022�2025) con su calendario trimestral de consolidación y las participaciones agregadas tras la transacción para cada serie.

로빈후드 마켓� 내부� 다니� M. 갤러� 주니어는 제한부 주식 단위(RSU)� 성립 � 주식 전환� 보고했으�, 세금 원천징수 이전� 그의 클래� A 보통� 보유량이 증가했습니다. 신고서에 따르� 133,586 RSU가 성립되어 주식으로 전환되어 보유 지분이 700,473 클래� A주로 늘어났고, 세금 납부� 위해 64,524주가 주당 104.03달러� 원천징수 처분되어 최종적으� 635,949주를 보유하게 되었습니�. 또한 2022년부� 2025년까지� 다수 RSU 부여와 분기� 성립 일정 � � 부� 시리즈별 거래 � � 보유 내역� 공개되어 있습니다.

L'initié de Robinhood Markets, Daniel M. Gallagher Jr., a déclaré la vesting et la conversion d'unités d'actions restreintes (RSU), ce qui a augmenté temporairement sa détention d'actions ordinaires de classe A avant les retenues fiscales. Le dépôt indique que 133 586 RSU ont vesté et été converties en actions, portant la détention bénéficiaire à 700 473 actions de classe A, suivies d'une retenue de 64 524 actions à 104,03 $ pour régler les impôts, laissant 635 949 actions détenues. Sont également divulguées plusieurs attributions RSU antérieures (2022�2025) avec leur calendrier de vesting trimestriel et les avoirs agrégés après transaction pour chaque série.

Der Insider von Robinhood Markets, Daniel M. Gallagher Jr., meldete das Vesting und die Umwandlung von Restricted Stock Units (RSUs), wodurch sein Bestand an Class-A-Stammaktien vor steuerlichen Abzügen anstieg. Die Einreichung zeigt, dass 133.586 RSUs unverfallbar wurden und in Aktien umgewandelt wurden, wodurch das wirtschaftliche Eigentum auf 700.473 Class-A-Aktien stieg. Anschließend wurden zur Steuerzahlung 64.524 Aktien zu je 104,03$ einbehalten, sodass 635.949 Aktien verbleiben. Mehrere frühere RSU-Zuweisungen (2022�2025) mit ihren vierteljährlichen Vesting-Plänen sowie die aggregierten Bestände nach der Transaktion für jede Zuweisungsserie werden ebenfalls offengelegt.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a 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). See Instruction 10.
1. Name and Address of Reporting Person*
Gallagher Daniel Martin Jr

(Last) (First) (Middle)
C/O ROBINHOOD MARKETS, INC.
85 WILLOW ROAD

(Street)
MENLO PARK CA 94025

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Robinhood Markets, Inc. [ HOOD ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Legal Officer
3. Date of Earliest Transaction (Month/Day/Year)
09/01/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 09/01/2025 M 133,586 A (1) 700,473 D
Class A Common Stock 09/01/2025 F 64,524(2) D $104.03 635,949 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (1) 09/01/2025 M 28,935 (3) (3) Class A Common Stock 28,935 $0 57,871 D
Restricted Stock Units (1) 09/01/2025 M 66,489 (4) (4) Class A Common Stock 66,489 $0 398,937 D
Restricted Stock Units (1) 09/01/2025 M 24,414 (5) (5) Class A Common Stock 24,414 $0 244,141 D
Restricted Stock Units (1) 09/01/2025 M 13,748 (6) (6) Class A Common Stock 13,748 $0 192,467 D
Explanation of Responses:
1. Restricted stock units ("RSUs") convert into Class A Common Stock on a one-for-one basis upon vesting and settlement.
2. Represents shares withheld by Robinhood Markets, Inc. ("Robinhood") to satisfy tax withholding obligations in connection with the vesting and settlement of 133,586 RSUs and does not represent a sale by the Reporting Person.
3. On March 24, 2022, the Reporting Person was granted 462,963 RSUs under Robinhood's 2021 Omnibus Incentive Plan (the "2021 Plan"). One-sixteenth (1/16) of these RSUs vested on June 1, 2022, with the remainder scheduled to vest in fifteen (15) equal quarterly installments thereafter, 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.
4. On March 22, 2023, the Reporting Person was granted 1,063,830 RSUs under the 2021 Plan. One-sixteenth (1/16) of these RSUs vested on June 1, 2023, with the remainder scheduled to vest in fifteen (15) equal quarterly installments thereafter, 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.
5. On March 20, 2024, the Reporting Person was granted 390,625 RSUs under the 2021 Plan. One-sixteenth (1/16) of these RSUs vested on June 1, 2024, with the remainder scheduled to vest in fifteen (15) equal quarterly installments thereafter, 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.
6. On March 20, 2025, the Reporting Person was granted 219,962 RSUs under the 2021 Plan. One-sixteenth (1/16) of these RSUs vested on June 1, 2025, with the remainder scheduled to vest in fifteen (15) equal quarterly installments thereafter, 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.
Remarks:
/s/ Matthew Yorkavich, attorney-in-fact for Daniel M. Gallagher, Jr. 09/03/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did Daniel M. Gallagher Jr. (HOOD) report?

The report shows 133,586 RSUs vested and converted into Class A shares, and 64,524 shares were withheld by Robinhood to satisfy tax withholding at $104.03

How many Class A shares does the reporting person beneficially own after these transactions?

The reporting person beneficially owns 635,949 Class A common shares following the transactions

Do the withheld shares represent a sale by the insider?

No; the filing states the 64,524 shares withheld were to satisfy tax withholding obligations and "does not represent a sale by the Reporting Person"

Which RSU grant years are referenced in the Form 4?

Grant vintages disclosed are 2022, 2023, 2024, and 2025, each with staged quarterly vesting schedules

At what price were the withheld shares accounted for?

The withheld shares are reported with a price of $104.03
Robinhood Markets, Inc.

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