Form 4: Robinhood Markets Director Jonathan Rubinstein Reports Stock Transactions
SEC Form 4 Filing
Jonathan Rubinstein, a director at Robinhood Markets, reported the vesting of restricted stock units and the holding of Class A Common Stock, both directly and indirectly through a trust.
Summary
- On September 1, 2024, Jonathan Rubinstein, a director at Robinhood Markets, reported transactions involving Class A Common Stock.
- Rubinstein vested 4,528 restricted stock units (RSUs) which converted into Class A Common Stock.
- Following the reported transactions, Rubinstein directly owns 20,374 shares of Class A Common Stock.
- Rubinstein also indirectly owns 140,928 shares of Class A Common Stock through a trust.
- The RSUs were granted on May 28, 2021, under the Robinhood Markets, Inc. 2020 Equity Incentive Plan and vest in installments.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is a common practice for publicly traded companies. It provides transparency to investors regarding the holdings and transactions of key personnel.
Stakeholder Impact
- The disclosure provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 05/28/2021 | Reporting Person was granted 72,446 RSUs under the Robinhood Markets, Inc. 2020 Equity Incentive Plan |
| 09/01/2021 | One-sixteenth (1/16) of these RSUs vested |
| 09/01/2024 | Transaction Date: Vesting of 4,528 Restricted Stock Units |
| 09/04/2024 | Date of report |
| 05/28/2028 | 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.