Quirk Steven M. 4

What Happened

• Steven M. Quirk, Chief Brokerage Officer of Robinhood Markets, Inc. (HOOD), was granted 157,539 restricted stock units (RSUs) on March 19, 2026. The award is recorded as a derivative acquisition at $0.00 (no cash exchanged) and was reported on a Form 4 filed March 23, 2026.
• The RSUs convert one-for-one into Class A common shares upon vesting. This is a compensation grant (not an open-market purchase or sale).

Key Details

• Transaction date: March 19, 2026; Form 4 filed: March 23, 2026.
• Award: 157,539 RSUs @ $0.00 (derivative grant).
• Plan: Robinhood 2021 Omnibus Incentive Plan.
• Vesting: 1/16 of the award vests on June 1, 2026; the remainder vests in 15 equal quarterly installments thereafter, subject to continued service and potential accelerated vesting in certain circumstances (per footnotes).
• Shares owned after transaction: not specified in the provided filing excerpt.
• This is an award/compensation grant (transaction code A), not a purchase or sale.

Context

• RSUs are a form of deferred compensation: they only become actual shares if and when they vest, so this grant increases Quirk’s potential future ownership but does not immediately change public float or represent a market bet.
• Such grants are common for executive compensation and retention; they don’t necessarily signal near-term buying or selling intentions.