144 0001843929 XXXXXXXX LIVE 0001783879 Robinhood Markets, Inc. 001-40691 85 WILLOW ROAD MENLO PARK CA 94025 844-428-5411 RH-N Bullfrog Opportunity I, LLC Board Member of Issuer Common Stock BofA Securities, Inc

One Bryant Park New York NY 10036

1422603 69380348 767947897 02/27/2025 NASDAQ Class A Common Stock 02/12/2021 Warrants to Purchase Common Stock Issuer N 1422603 02/12/2021 Cash Y RH-N Bullfrog Opportunity I, LLC (the "Fund) entered into a "zero-cost" put spread collar hedging arrangement (the "Contract") with an unaffiliated broker-dealer relating to the Class A common stock, $0.0001 par value per share (the "Shares"), of Robinhood Markets, Inc. (the "Issuer"). Pursuant to the Contract, the Fund (i) sold European put options on the Shares with a strike price equal to the strike price of the warrant purchased from the Issuer on February 12, 2021 (the "Warrant Strike Price"), (ii) purchased European put options on the Shares with a strike price higher than the Warrant Strike Price (the "Upper Put Strike") and (iii) sold European call options on the Shares with a strike price higher than the Warrant Strike Price and the Upper Put Strike. The Contract is expected to mature on one or more expiration dates, on or before, February 12, 2031. This filing is being made in accordance with the SEC No-Action Letter dated December 1, 2011. 02/27/2025 /s/ Cynthia McAdam