0000899243-23-010498.txt : 20230404 0000899243-23-010498.hdr.sgml : 20230404 20230404185301 ACCESSION NUMBER: 0000899243-23-010498 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230331 FILED AS OF DATE: 20230404 DATE AS OF CHANGE: 20230404 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Malka Meyer CENTRAL INDEX KEY: 0001571355 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-40691 FILM NUMBER: 23800314 MAIL ADDRESS: STREET 1: 364 UNIVERSITY AVENUE CITY: PALO ALTO STATE: CA ZIP: 94301 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 doc4.xml FORM 4 SUBMISSION X0407 4 2023-03-31 0 0001783879 Robinhood Markets, Inc. HOOD 0001571355 Malka Meyer C/O RIBBIT CAPITAL 364 UNIVERSITY AVE. PALO ALTO CA 94301 1 0 0 0 0 Class A Common Stock 2023-03-31 4 A 0 1506 A 29680 D Class A Common Stock 2023-04-01 4 M 0 8943 A 38623 D Class A Common Stock 2023-01-03 5 G 0 E 102183 D 0 I By Trust Class A Common Stock 102183 I By LLC Class A Common Stock 52044986 I By Funds Restricted Stock Units 2023-04-01 4 M 0 1433 0.00 D Class A Common Stock 1433 11468 D Restricted Stock Units 2023-04-01 4 M 0 7510 0.00 D Class A Common Stock 7510 7510 D On March 31, 2023, the Reporting Person was automatically granted 1,506 shares of Class A Common Stock under the Non-Employee Director Compensation Program of Robinhood Markets, Inc. ("Robinhood"), which permits directors to elect to receive payment of quarterly director fees in the form of stock, and Robinhood's 2021 Omnibus Incentive Plan (the "2021 Plan"). This grant was made in lieu of cash fees, based on the March 31, 2023 closing price of $9.71 per share of Class A Common Stock, and these shares were fully vested upon grant. The Reporting Person is the founder and managing partner of the Ribbit Capital family of funds, and is contractually obligated to transfer any and/or remit the proceeds of sale of any shares issued pursuant to stock awards or upon vesting and settlement of restricted stock units ("RSUs") to certain entities affiliated with such funds. The Reporting Person disclaims beneficial ownership of such shares for purposes of Section 16 of the Securities Exchange Act of 1934 ("Section 16") except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that such shares are beneficially owned by him for Section 16 or any other purpose. RSUs convert into Class A Common Stock on a one-for-one basis upon vesting and settlement. Reflects the transfer for no value of 102,183 shares of Class A Common Stock to Tibbir Holdings LLC, of which the Reporting Person serves as investment manager. The Reporting Person disclaims beneficial ownership of such shares for purposes of Section 16 except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that such shares are beneficially owned by him for Section 16 or any other purpose. Shares held by the Tibbir DE Trust, of which the Reporting Person serves as settlor and investment adviser. The Reporting Person disclaims beneficial ownership of such shares for purposes of Section 16 except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that such shares are beneficially owned by him for Section 16 or any other purpose. Represents (i) 26,481,814 shares held directly by Ribbit Capital II, L.P. ("Fund II") for itself and as nominee for Ribbit Founder Fund II, L.P. ("FF II"), (ii) 4,554,560 shares held directly by Ribbit Capital III, L.P. ("Fund III") for itself and as nominee for Ribbit Founder Fund III, L.P. ("FF III"), (iii) 12,862,748 shares held directly by Bullfrog Capital, L.P. ("Bullfrog") for itself and as nominee for Bullfrog Founder Fund, L.P. ("Bullfrog FF"), (iv) 3,220,080 shares held directly by RH Ribbit Opportunity II, LLC ("RH"), (v) 2,556,431 shares held directly by RH-D Ribbit Opportunity II, LLC ("RH-D"), (vi) 2,363,270 shares held directly by RH-E Ribbit Opportunity II, LLC ("RH-E") and (vii) 6,083 shares held directly by RH-N Bullfrog Opportunity, LLC ("RH-N"). Ribbit Capital GP II, L.P. ("GP II") is the general partner of Fund II and FF II and the managing member of RH, RH-D, and RH-E, and Ribbit Capital GP II, Ltd. ("UGP II") is the general partner of GP II. Ribbit Capital GP III, L.P. ("GP III") is the general partner of Fund III and FF III, and Ribbit Capital GP III, Ltd. ("UGP III") is the general partner of GP III. Bullfrog Capital GP, L.P. ("BF GP") is the general partner of Bullfrog and Bullfrog FF and the managing member of RH-N, and Bullfrog Capital GP, Ltd. ("BF UGP") is the general partner of BF GP. The Reporting Person is a director of each of UGP II, UGP III and BF UGP, and disclaims beneficial ownership of such shares for purposes of Section 16 except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that such shares are beneficially owned by him for Section 16 or any other purpose. On March 23, 2022, the Reporting Person was granted 17,201 RSUs under the 2021 Plan. One-twelfth (1/12) of these RSUs vested on July 1, 2022, with the remainder scheduled to vest in eleven (11) 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. On June 22, 2022, the Reporting Person was granted 30,040 RSUs under the 2021 Plan. One-fourth (1/4) of these RSUs vested on October 1, 2022, with the remainder scheduled to vest in three (3) equal quarterly installments thereafter (except the final installment will vest no later than the day before Robinhood's next annual meeting of stockholders), 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. /s/ Meyer Malka 2023-04-04