Form 4: Robinhood CFO Jason Warnick Reports Stock Transactions
SEC Form 4 Filing
Jason Warnick, CFO of Robinhood Markets, Inc., reports the vesting and tax withholding of restricted stock units.
Summary
- On January 1, 2025, Jason Warnick, the CFO of Robinhood Markets, Inc., reported transactions involving Class A Common Stock.
- Warnick vested 60,485 Restricted Stock Units (RSUs) which converted into Class A Common Stock on a one-for-one basis.
- Robinhood withheld 24,788 shares to satisfy tax obligations at a price of $37.26 per share.
- Following these transactions, Warnick beneficially owns 896,543 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions related to executive compensation; it doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 2020-12-09 | Reporting Person was granted 322,580 RSUs under the Robinhood 2020 Equity Incentive Plan |
| 2021-04-01 | One-sixteenth (1/16) of these RSUs vested |
| 2023-04-01 | One-eighth (1/8) of these RSUs vested |
| 2025-01-01 | Vesting and tax withholding of restricted stock units occurred |
| 2025-01-03 | Date of signature for the Form 4 filing |
| 2027-12-09 | Expiration date of Restricted Stock Units |
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