Form 4: Robinhood Officer's RSU Vesting and Tax Withholding

Robinhood Chief Brokerage Officer Steven M. Quirk reported the vesting of restricted stock units and subsequent tax-related share withholding on March 1, 2026.

Summary

• Steven M. Quirk, Chief Brokerage Officer of Robinhood Markets, Inc. (HOOD), reported transactions on March 1, 2026.
• 61,329 Restricted Stock Units (RSUs) vested and converted into Class A Common Stock.
• 27,170 shares of Class A Common Stock were withheld by Robinhood Markets, Inc. to satisfy tax withholding obligations in connection with the RSU vesting, at a price of $75.85 per share.
• Following these transactions, Steven M. Quirk beneficially owns 61,723 shares of Class A Common Stock directly.
• Steven M. Quirk also holds 111,983, 134,699, and 197,966 unvested Restricted Stock Units from grants on March 22, 2023, March 20, 2024, and March 20, 2025, respectively.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, reflecting standard executive compensation practices through RSU vesting and associated tax withholding, rather than a discretionary investment decision.

Positives

• Vesting of 61,329 Restricted Stock Units (RSUs) indicates compensation realization for the Chief Brokerage Officer, aligning executive incentives with shareholder value.

Negatives

• 27,170 shares of Class A Common Stock were disposed of to cover tax withholding obligations, reducing the direct share ownership of the reporting person.

Future Outlook

The filing details future vesting schedules for outstanding Restricted Stock Units (RSUs) granted to Steven M. Quirk, with remaining installments scheduled quarterly, subject to continued service.

Industry Context

StockSavvy.ai notes that routine insider transactions like RSU vesting and tax-related sales are common compensation events for executives in the financial technology sector. These transactions typically do not signal changes in company fundamentals or strategic direction, unlike open market purchases or large discretionary sales.

Stakeholder Impact

• Shareholders: Minor dilution from RSU vesting is a known part of equity compensation plans. The tax withholding prevents a larger immediate sale by the executive.
• Employees: Demonstrates the company's ongoing equity compensation program for executives.

Next Steps

• Remaining fifteen equal quarterly installments of RSUs granted on March 22, 2023, are scheduled to vest.
• Remaining fifteen equal quarterly installments of RSUs granted on March 20, 2024, are scheduled to vest.
• Remaining fifteen equal quarterly installments of RSUs granted on March 20, 2025, are scheduled to vest.

Key Dates

Recommendation

This Form 4 details routine executive compensation events (RSU vesting and tax withholding) and does not provide new information regarding the company's operational performance, strategic direction, or financial health that would alter an investment thesis. Therefore, a "hold" recommendation is appropriate as the filing itself does not present a catalyst for a change in stock valuation.

Keywords

Robinhood, HOOD, Steven M. Quirk, Form 4, RSU, Restricted Stock Units, insider transaction, stock vesting, tax withholding, beneficial ownership