Form 4: Robinhood CEO Vladimir Tenev Reports Stock Transactions
SEC Form 4 Filing
Robinhood CEO Vladimir Tenev reports the vesting and settlement of performance stock units and shares withheld for tax obligations.
Summary
- On August 1, 2024, Vladimir Tenev, CEO of Robinhood Markets, Inc., reported transactions involving Class A Common Stock.
- These transactions included the conversion of 57,633 market-based performance stock units (PSUs) into Class A Common Stock.
- Additionally, 29,209 shares were withheld by Robinhood to cover tax obligations related to the vesting and settlement of RSUs at a price of $20.57 per share.
- Following these transactions, Tenev directly owns 28,424 shares of Class A Common Stock and indirectly owns 6,907 shares through a living trust.
- He also holds 11,065,463 derivative securities in the form of market-based performance stock units.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions, with no inherent positive or negative implications.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in the financial industry.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 08/01/2018 | Vesting commencement date for time-based service schedule related to PSUs. |
| 10/08/2019 | Date the Reporting Person was granted 13,831,829 market-based PSUs under Robinhood's Amended and Restated 2013 Plan. |
| 08/01/2024 | Date of the reported transactions: PSU conversion and tax withholding. |
| 08/01/2024 | End date for time-based service schedule related to PSUs. |
| 12/31/2025 | Expiration date for Market-Based Performance Stock Units. |
| 08/05/2024 | Date of signature for the report. |
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