Form 4: Robinhood CFO Jason Warnick Reports Stock Transactions
SEC Form 4
Jason Warnick, CFO of Robinhood Markets, Inc., reports the vesting and subsequent tax withholding of Class A Common Stock and Restricted Stock Units (RSUs).
Summary
- On March 1, 2025, Jason Warnick, the CFO of Robinhood Markets, Inc., reported transactions involving Class A Common Stock and Restricted Stock Units (RSUs).
- A total of 123,831 Class A Common Stock were acquired through the vesting of RSUs.
- 50,018 shares were withheld by Robinhood to cover tax obligations related to the vesting of the RSUs at a price of $50.1 per share.
- The transactions resulted in a decrease in direct ownership of Class A Common Stock from 995,374 to 945,356 shares.
- The CFO also reported the vesting of 24,113, 48,992, 27,996, and 22,730 Restricted Stock Units.
- Following these transactions, the CFO directly owns 96,451, 391,938, 0, and 272,765 Restricted Stock Units respectively.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, indicating a neutral 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 may have a minor impact on shareholders due to the change in the CFO's stock ownership.
- Employees holding RSUs may be affected by similar vesting schedules and tax implications.
Key Dates
| Date | Description |
|---|---|
| 03/24/2022 | Reporting Person was granted 385,802 RSUs under Robinhood's 2021 Omnibus Incentive Plan |
| 06/01/2022 | One-sixteenth (1/16) of RSUs granted on March 24, 2022 vested |
| 03/22/2023 | Reporting Person was granted 783,785 and 223,965 RSUs under the 2021 Plan |
| 06/01/2023 | One-sixteenth (1/16) of RSUs granted on March 22, 2023 vested |
| 03/20/2024 | Reporting Person was granted 363,686 RSUs under the 2021 Plan |
| 06/01/2024 | One-sixteenth (1/16) of RSUs granted on March 20, 2024 vested |
| 03/01/2025 | Date of earliest transaction reported: Vesting of RSUs and tax withholding. |
| 03/04/2025 | Date of signature for the Form 4 filing. |
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