4//SEC Filing
Hammer Jan 4
Accession 0000899243-21-031312
CIK 0001783879other
Filed
Aug 2, 8:00 PM ET
Accepted
Aug 3, 5:25 PM ET
Size
55.8 KB
Accession
0000899243-21-031312
Insider Transaction Report
Form 4
Hammer Jan
Director
Transactions
- Conversion
Class A Common Stock
2021-08-02$26.60/sh+1,874,816$49,870,106→ 1,874,816 total(indirect: By Index Ventures Growth V (Jersey) L.P.) - Other
Common Stock
2021-08-02−10,296,520→ 0 total(indirect: By Index Ventures Growth III (Jersey) L.P.) - Other
Common Stock
2021-08-02−1,413,380→ 0 total(indirect: By Index Ventures VI Parallel Entrepreneur Fund (Jersey) L.P.) - Other
Class A Common Stock
2021-08-02+10,296,520→ 10,296,520 total(indirect: By Index Ventures Growth III (Jersey) L.P.) - Conversion
Series A Redeemable Convertible Preferred Stock
2021-08-02−1,126,280→ 0 total(indirect: By Index Ventures VI Parallel Entrepreneur Fund (Jersey) L.P.)→ Common Stock (1,126,280 underlying) - Conversion
Common Stock
2021-08-02+67,469,440→ 70,022,080 total(indirect: By Index Ventures VI (Jersey) L.P.) - Conversion
Series B Redeemable Convertible Preferred Stock
2021-08-02−11,671,300→ 0 total(indirect: By Index Ventures VI (Jersey) L.P.)→ Common Stock (11,671,300 underlying) - Conversion
Series C Redeemable Convertible Preferred Stock
2021-08-02−108,960→ 0 total(indirect: By Yucca (Jersey) SLP)→ Common Stock (108,960 underlying) - Conversion
Common Stock
2021-08-02+7,156,340→ 10,296,520 total(indirect: By Index Ventures Growth III (Jersey) L.P.) - Conversion
Common Stock
2021-08-02+1,361,860→ 1,413,380 total(indirect: By Index Ventures VI Parallel Entrepreneur Fund (Jersey) L.P.) - Other
Class A Common Stock
2021-08-02+1,413,380→ 1,413,380 total(indirect: By Index Ventures VI Parallel Entrepreneur Fund (Jersey) L.P.) - Conversion
Series B Redeemable Convertible Preferred Stock
2021-08-02−235,580→ 0 total(indirect: By Index Ventures VI Parallel Entrepreneur Fund (Jersey) L.P.)→ Common Stock (235,580 underlying) - Conversion
Tranche I Convertible Promissory Note
2021-08-02→ 0 total(indirect: By Yucca (Jersey) SLP)Exercise: $26.60→ Class A Common Stock (57,984 underlying) - Conversion
Tranche I Convertible Promissory Note
2021-08-02→ 0 total(indirect: By Index Ventures Growth V (Jersey) L.P.)Exercise: $26.60→ Class A Common Stock (1,874,816 underlying) - Conversion
Common Stock
2021-08-02+980,240→ 1,061,020 total(indirect: By Yucca (Jersey) SLP) - Other
Common Stock
2021-08-02−70,022,080→ 0 total(indirect: By Index Ventures VI (Jersey) L.P.) - Other
Common Stock
2021-08-02−1,061,020→ 0 total(indirect: By Yucca (Jersey) SLP) - Other
Class A Common Stock
2021-08-02+70,022,080→ 70,022,080 total(indirect: By Index Ventures VI (Jersey) L.P.) - Other
Class A Common Stock
2021-08-02+1,061,020→ 1,061,020 total(indirect: By Yucca (Jersey) SLP) - Conversion
Class A Common Stock
2021-08-02$26.60/sh+57,984$1,542,374→ 1,119,004 total(indirect: By Yucca (Jersey) SLP) - Conversion
Series A Redeemable Convertible Preferred Stock
2021-08-02−55,798,140→ 0 total(indirect: By Index Ventures VI (Jersey) L.P.)→ Common Stock (55,798,140 underlying) - Conversion
Series A Redeemable Convertible Preferred Stock
2021-08-02−720,560→ 0 total(indirect: By Yucca (Jersey) SLP)→ Common Stock (720,560 underlying) - Conversion
Series B Redeemable Convertible Preferred Stock
2021-08-02−150,720→ 0 total(indirect: By Yucca (Jersey) SLP)→ Common Stock (150,720 underlying) - Conversion
Series C Redeemable Convertible Preferred Stock
2021-08-02−7,156,340→ 0 total(indirect: By Index Ventures Growth III (Jersey) L.P.)→ Common Stock (7,156,340 underlying)
Footnotes (8)
- [F1]The Series A Redeemable Convertible Preferred Stock, Series B Redeemable Convertible Preferred Stock and Series C Redeemable Convertible Preferred Stock (collectively, the "Preferred Stock") were convertible at any time at the holder's election and automatically converted immediately prior to closing of the Issuer's initial public offering ("IPO") into an equal number of shares of Common Stock without payment of additional consideration. The Preferred Stock had no expiration date.
- [F2]The securities are held by Index Ventures Growth III (Jersey) L.P. ("Index Growth III"). Index Venture Growth Associates III Limited ("IVGA III") is the managing general partner of Index Growth III. The Reporting Person is a partner within the Index Ventures group. Advisors within the Index Ventures group provide advice to each of Index Growth III, Index Ventures Growth V (Jersey), L.P. ("Index Growth V"), Index Ventures VI (Jersey) L.P. ("Index VI") and Index Ventures VI Parallel Entrepreneur Fund (Jersey), L.P. ("Index VI Parallel" and together with Index Growth III, Index Growth V and Index VI, the "Funds"). The Reporting Person disclaims Section 16 beneficial ownership of these securities, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for Section 16 or any other purpose.
- [F3]The securities are held by Index Ventures VI (Jersey) L.P. ("Index VI"). Index Venture Associates VI Limited ("IVA VI") is the managing general partner of Index VI. The Reporting Person disclaims Section 16 beneficial ownership of these securities, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for Section 16 or any other purpose.
- [F4]The securities are held by Index Ventures VI Parallel Entrepreneur Fund (Jersey) L.P. ("Index VI Parallel"). IVA VI is the managing general partner of Index VI Parallel. The Reporting Person disclaims Section 16 beneficial ownership of these securities, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for Section 16 or any other purpose.
- [F5]The securities are held by Yucca (Jersey) SLP ("Yucca"). Yucca is the administrator of the Index co-investment vehicles that are contractually required to mirror the relevant Fund's investment in the issuer (in this case, Index Growth III, Index VI, Index VI Parallel and Index Growth V). The Reporting Person disclaims Section 16 beneficial ownership of these securities, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for Section 16 or any other purpose.
- [F6]Immediately prior to the closing of the IPO and following the conversion of each series of the Issuer's Preferred Stock into Common Stock, each share of Common Stock was reclassified into one share of Class A Common Stock in an exempt transaction pursuant to Rule 16b-7 and Rule 16b-3 (the "Reclassification").
- [F7]The securities are held by Index Ventures Growth V (Jersey), L.P. ("Index Growth V"). Index Venture Growth Associates V Limited ("IVGA V") is the managing general partner of Index Growth V. The Reporting Person disclaims Section 16 beneficial ownership of these securities, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for Section 16 or any other purpose.
- [F8]Following the conversion of the Preferred Stock and the Reclassification, the principal amount of the Tranche I Convertible Promissory Note ("Convertible Note") (together with accrued interest thereon) automatically converted into Class A Common Stock at a conversion price equal to $26.60. The Convertible Note did not have a maturity date. The treatment of the Convertible Note in the IPO was exempt pursuant to Rule 16b-6 and Rule 16b-3.
Documents
Issuer
Robinhood Markets, Inc.
CIK 0001783879
Entity typeother
Related Parties
1- filerCIK 0001860247
Filing Metadata
- Form type
- 4
- Filed
- Aug 2, 8:00 PM ET
- Accepted
- Aug 3, 5:25 PM ET
- Size
- 55.8 KB