SCHEDULE 13G/A: Meyer Malka and Affiliated Entities Report 1.5% Stake in Robinhood Markets

An amended Schedule 13G filing reveals Meyer Malka and his affiliated investment entities collectively beneficially own 1.5% of Robinhood Markets, Inc.'s Class A Common Stock as of December 31, 2024.

Summary

• Meyer Malka, along with various Bullfrog Capital and Ribbit Capital affiliated entities, collectively reported beneficial ownership of 11,431,191 shares of Robinhood Markets, Inc. Class A Common Stock.
• This aggregate ownership represents 1.5% of Robinhood's Class A Common Stock outstanding.
• The calculation of the percentage of class is based on 763,562,814 shares of Class A Common Stock outstanding as of October 24, 2024, as reported in Robinhood's Quarterly Report on Form 10-Q filed on October 31, 2024.
• A significant portion of the reported shares, specifically 2,828,430 shares, are underlying warrants exercisable within 60 days of December 31, 2024, held by Bullfrog Capital, L.P. and RH-N Bullfrog Opportunity I, LLC.
• Bullfrog Capital, L.P. directly owns 4,634,401 shares (0.6%), including 1,405,827 shares from warrants.
• RH-N Bullfrog Opportunity I, LLC directly owns 1,422,610 shares (0.2%), including 1,422,603 shares from warrants.
• Bullfrog Capital GP, L.P. and Bullfrog Capital GP, Ltd. each report beneficial ownership of 6,057,011 shares (0.8%), encompassing the holdings of Bullfrog Capital, L.P. and RH-N Bullfrog Opportunity I, LLC.
• Other Ribbit Capital entities (RH Ribbit Opportunity II, LLC, RH-D Ribbit Opportunity II, LLC, RH-E Ribbit Opportunity II, LLC, Ribbit Capital II, L.P., Ribbit Capital GP II, L.P., Ribbit Capital GP II, Ltd., Ribbit Capital III, L.P., Ribbit Capital GP III, L.P., and Ribbit Capital GP III, Ltd.) collectively hold smaller stakes, each representing 0.0% of the class.
• Meyer Malka is identified as the sole director of the ultimate general partners (BF UGP, UGP II, UGP III) of the various investment entities, granting him sole voting and dispositive power over the aggregated shares.

Sentiment

Score: 5

Explanation: The document is a factual, routine regulatory filing (Schedule 13G/A) reporting beneficial ownership. It contains no forward-looking statements, financial performance data, or strategic updates from the issuer, thus maintaining a neutral sentiment.

Future Outlook

NA

Industry Context

This filing is a standard disclosure of beneficial ownership by an institutional investor group in a publicly traded financial technology company like Robinhood Markets, Inc. It provides transparency regarding significant, albeit non-controlling, stakes held by investment funds and their principals.

Stakeholder Impact

• Shareholders: Provides transparency on the beneficial ownership structure of Robinhood Markets, Inc. by Meyer Malka and his affiliated investment entities.

Key Dates

Keywords

Robinhood Markets, SEC filing, Schedule 13G, beneficial ownership, institutional investor, Meyer Malka, Class A Common Stock, warrants, investment fund, financial services