Form 4: Robinhood Director Jonathan Rubinstein Acquires Shares Under Non-Employee Director Compensation Program

Jonathan Rubinstein, a director at Robinhood Markets, Inc., acquired 1,381 shares of Class A Common Stock on June 30, 2024, under the company's Non-Employee Director Compensation Program.

Summary

• On June 30, 2024, Jonathan Rubinstein, a director of Robinhood Markets, Inc., acquired 1,381 shares of Class A Common Stock.
• The acquisition was made under the Non-Employee Director Compensation Program and Robinhood's 2021 Omnibus Incentive Plan.
• The shares were granted in lieu of cash fees and were fully vested upon grant.
• The grant was based on the June 28, 2024, closing price of $22.71 per share.
• Following the transaction, Rubinstein directly owns 39,091 shares of Class A Common Stock and indirectly owns 117,683 shares through a trust.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. A director acquiring shares, especially through a compensation program, is generally a good sign, indicating confidence in the company's future. However, the impact is relatively small.

Positives

• Director's acquisition of shares demonstrates confidence in the company.
• The Non-Employee Director Compensation Program aligns director interests with shareholder interests.

Industry Context

Director share acquisitions are common and often viewed positively as they align management's interests with those of shareholders. This transaction is part of Robinhood's established Non-Employee Director Compensation Program.

Stakeholder Impact

• The acquisition of shares by a director can positively influence shareholder sentiment.

Key Dates