0001628280-21-015065.txt : 20210730 0001628280-21-015065.hdr.sgml : 20210730 20210730162620 ACCESSION NUMBER: 0001628280-21-015065 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20210728 FILED AS OF DATE: 20210730 DATE AS OF CHANGE: 20210730 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Tenev Vladimir CENTRAL INDEX KEY: 0001871006 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-40691 FILM NUMBER: 211132902 MAIL ADDRESS: STREET 1: C/O ROBINHOOD MARKETS, INC. STREET 2: 85 WILLOW ROAD CITY: MENLO PARK STATE: CA ZIP: 94025 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 STREET CITY: MENLO PARK STATE: CA ZIP: 94025 BUSINESS PHONE: 844-428-5411 MAIL ADDRESS: STREET 1: 85 WILLOW STREET CITY: MENLO PARK STATE: CA ZIP: 94025 4 1 wf-form4_162767675836968.xml FORM 4 X0306 4 2021-07-28 0 0001783879 Robinhood Markets, Inc. HOOD 0001871006 Tenev Vladimir C/O ROBINHOOD MARKETS, INC. 85 WILLOW ROAD MENLO PARK CA 94025 1 1 1 0 Chief Executive Officer Common Stock 2021-07-28 4 M 0 4013657 A 55598613 D Common Stock 2021-07-28 4 F 0 1989980 38 D 53608633 D Common Stock 2021-07-28 4 S 0 1250000 36.40 D 52358633 D Restricted Stock Units 2021-07-28 4 M 0 1996516 0 D 2026-10-08 Common Stock 1996516.0 907508 D Market-Based Performance Stock Units 2021-07-28 4 M 0 2017141 0 D 2025-12-31 Common Stock 2017141.0 11814688 D Shares of Common Stock will automatically be reclassified as shares of Class A Common Stock on a one-for-one basis upon the filing of the Amended and Restated Certificate of Incorporation of Robinhood Markets, Inc. ("Robinhood") immediately prior to the closing of Robinhood's initial public offering ("IPO"). Represents shares received upon vesting of Restricted Stock Units ("RSUs") and Performance Stock Units ("PSUs") in connection with the IPO Liquidity Event (as defined below). RSUs and PSUs convert into Common Stock on a one-for-one basis upon vesting and settlement. Represents shares withheld by Robinhood to satisfy tax withholding obligations in connection with the vesting of a total of 4,013,657 RSUs and PSUs and does not represent a sale by the Reporting Person. Represents shares sold by the Reporting Person as a selling stockholder in the IPO. Represents the IPO price, less underwriting discounts and commissions. On October 8, 2019, the Reporting Person was granted 2,904,024 RSUs under Robinhood's Amended and Restated 2013 Stock Plan (the "2013 Plan"). Subject to accelerated vesting in certain circumstances, one-fourth (1/4) of these RSUs were scheduled to vest on August 1, 2019, with the remainder scheduled to vest in twelve (12) equal quarterly installments thereafter, in each case subject to (a) the Reporting Person's continued service with Robinhood through the applicable vesting date and (b) the occurrence of a liquidity event, which was satisfied upon the effectiveness of Robinhood's IPO registration statement on Form S-1 ("Liquidity Event"). On October 8, 2019, the Reporting Person was granted 13,831,829 market-based PSUs under the 2013 Plan, which award was amended and restated on May 26, 2021. 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 are initially tested based on the IPO price and, thereafter, based on 60-trading-day average daily VWAP. When a share-price goal is achieved, subject to the occurrence of a Liquidity Event, 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. /s/ Christina Lai, attorney-in-fact for Vladimir Tenev 2021-07-30