Statement of Changes in Beneficial Ownership (4)
03 Maio 2023 - 08:25PM
Edgar (US Regulatory)
FORM 4
☐ Check this
box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
|
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL
OWNERSHIP OF SECURITIES
|
OMB
APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response... 0.5 |
|
Filed pursuant to Section 16(a) of the
Securities Exchange Act of 1934 or Section 30(h) of the Investment
Company Act of 1940
|
|
1. Name
and Address of Reporting Person * Tenev
Vladimir |
2. Issuer Name and Ticker or Trading
Symbol Robinhood Markets, Inc. [ HOOD ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)__X__
Director _____
10% Owner
__X__ Officer (give title
below) _____ Other
(specify below)
Chief Executive Officer |
(Last)
(First)
(Middle)
C/O ROBINHOOD MARKETS, INC., 85 WILLOW ROAD |
3. Date of Earliest Transaction (MM/DD/YYYY)
5/1/2023
|
(Street)
MENLO PARK, CA 94025 |
4. If Amendment, Date Original Filed
(MM/DD/YYYY)
|
6. Individual or Joint/Group Filing
(Check Applicable Line) _X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person |
(City)
(State)
(Zip)
|
Rule 10b5-1(c) Transaction Indication
☒ Check this box to indicate
that a transaction was made pursuant to a contract, instruction or
written plan that is intended to satisfy the affirmative defense
conditions of Rule 10b5-1(c). See Instruction 10. |
Table I - Non-Derivative Securities Acquired, Disposed of, or
Beneficially Owned
|
1.Title of Security
(Instr. 3) |
2. Trans. Date |
2A. Deemed Execution Date, if any |
3. Trans. 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 |
5/1/2023 |
|
M |
|
57632 |
A |
(1) |
1089945 |
D |
|
Class A Common Stock |
5/3/2023 |
|
S(2) |
|
23311 |
D |
$8.4065 (3) |
1066634 |
D |
|
Class A Common Stock |
|
|
|
|
|
|
|
2337 |
I |
By Living Trust |
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible
securities)
|
1. Title of Derivate Security
(Instr. 3) |
2. Conversion or Exercise Price of Derivative
Security |
3. Trans. Date |
3A. Deemed Execution Date, if any |
4. Trans. 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 |
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 of Derivative Security: 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 |
Market-Based Performance Stock
Units |
(1) |
5/1/2023 |
|
M |
|
|
57632 |
(4) |
12/31/2025 |
Class A Common Stock |
57632.0 |
$0 |
11353627 |
D |
|
Explanation of
Responses: |
(1) |
Peformance stock units
("PSUs") convert into Class A Common Stock on a one-for-one basis
upon vesting and settlement. |
(2) |
This transaction was
effected pursuant to a Rule 10b5-1 trading plan adopted by the
Reporting Person in August 2022 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. |
(3) |
This transaction was
executed in multiple trades during the day at prices ranging from
$8.35 to $9.3499. 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. |
(4) |
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. |
Reporting
Owners
|
Reporting Owner Name / Address |
Relationships
|
Director |
10% Owner |
Officer |
Other |
Tenev Vladimir
C/O ROBINHOOD MARKETS, INC.
85 WILLOW ROAD
MENLO PARK, CA 94025 |
X |
|
Chief Executive Officer |
|
Signatures
|
/s/ Brandon Webb, attorney-in-fact for Vladimir
Tenev |
|
5/3/2023 |
**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 control number. |
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