Form 4: Robinhood CFO Jason Warnick Reports Stock Transactions
SEC Form 4 Filing
Robinhood's CFO, Jason Warnick, reports the vesting and sale of Class A Common Stock, including transactions to cover tax obligations and sales under a pre-arranged trading plan.
Summary
- Jason Warnick, the CFO of Robinhood Markets, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- On April 1, 2024, Warnick had several transactions involving Class A Common Stock.
- 60,483 Restricted Stock Units (RSUs) vested and converted into Class A Common Stock.
- 24,573 shares were withheld by Robinhood to cover tax obligations related to the vesting of the RSUs.
- Warnick sold 5,000 shares at a weighted-average price of $19.592 under a Rule 10b5-1 trading plan.
- Following these transactions, Warnick beneficially owns 1,002,407 shares of Class A Common Stock and 181,452 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the sale of shares by a key executive, but the pre-arranged trading plan mitigates concerns about insider trading.
Key Dates
| Date | Description |
|---|---|
| 12/09/2020 | Reporting Person was granted 322,580 RSUs under Robinhood's 2020 Equity Incentive Plan |
| 08/04/2022 | Reporting Person adopted a Rule 10b5-1 trading plan |
| 04/01/2024 | Vesting of RSUs and stock transactions occurred |
| 04/02/2024 | Date of Form 4 filing |
| 12/09/2027 | Expiration date of Restricted Stock Units |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.