Form 4: Robinhood Officer's RSU Vesting & Tax Withholding
Insider Transaction Report
Robinhood Markets' Chief Brokerage Officer, Steven M. Quirk, reported the vesting of 43,403 restricted stock units and the withholding of 19,228 shares for tax obligations.
Summary
- Steven M. Quirk, Chief Brokerage Officer of Robinhood Markets, Inc. (HOOD), reported transactions on August 1, 2025.
- 43,403 Restricted Stock Units (RSUs) vested and converted into Class A Common Stock on a one-for-one basis.
- 19,228 Class A Common Stock shares were withheld by Robinhood to satisfy tax withholding obligations related to the RSU vesting. This was not a discretionary sale by Mr. Quirk.
- Following these transactions, Mr. Quirk directly owns 160,539 Class A Common Stock shares and 86,806 Restricted Stock Units.
- The shares withheld for tax were valued at $103.05 per share.
- The original RSU grant was for 694,444 units on March 24, 2022, with vesting occurring quarterly after an initial vesting on May 1, 2022.
Sentiment
Score: 5
Explanation: The filing reports a routine RSU vesting and tax withholding transaction for an executive, which is a neutral event. It does not indicate significant positive or negative news for the company beyond standard compensation practices.
Positives
- The vesting of 43,403 Restricted Stock Units indicates continued compensation and retention of a key executive.
- The transaction is a routine vesting event, not a discretionary sale by the officer, suggesting continued alignment with company performance.
Negatives
- 19,228 shares were withheld by the company to cover tax obligations, which reduces the net shares received by the officer.
Industry Context
This is a routine insider transaction for an executive at a major online brokerage firm. Such transactions are common for executives receiving equity compensation and do not inherently indicate broader industry trends, though they reflect standard compensation practices in the financial technology sector.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Grant | Steven M. Quirk granted a Power of Attorney to specific individuals (Jason Warnick, Lucas Moskowitz, Maureen Montgomery, and Matt Yorkavich) to prepare and file Section 16 reports (Forms 3, 4, and 5) on his behalf with the SEC. | 2025-06-26 | This streamlines the process for executive compliance with SEC reporting requirements for insider transactions, ensuring timely and accurate filings. |
Related Party Transactions
- The withholding of 19,228 shares by Robinhood Markets, Inc. to satisfy tax obligations related to RSU vesting is a transaction with a related party (the company itself).
Stakeholder Impact
- Shareholders: The vesting and tax withholding are routine and expected, reflecting standard executive compensation. The net increase in shares held by the officer aligns executive interests with shareholder value.
- Employees: This transaction is part of a standard equity compensation plan, which is common for executives and can serve as a model for broader employee equity programs.
Next Steps
- Remaining Restricted Stock Units (86,806) are scheduled to vest in fifteen equal quarterly installments following the initial vesting on May 1, 2022, subject to continued service.
Key Dates
| Date | Description |
|---|---|
| 2022-03-24 | Date of original grant of 694,444 Restricted Stock Units (RSUs) to Steven M. Quirk. |
| 2022-05-01 | Date when one-sixteenth (1/16) of the granted RSUs initially vested. |
| 2025-06-26 | Date Steven M. Quirk executed the Power of Attorney for Section 16 filings. |
| 2025-08-01 | Date of the reported RSU vesting and share withholding transaction. |
| 2025-08-05 | Date the Form 4 was signed by the attorney-in-fact. |
Recommendation
holdThis Form 4 details a routine RSU vesting and tax withholding event for a key executive. It does not present new information that would fundamentally alter the investment thesis for Robinhood Markets, Inc. As such, it is a neutral event that does not warrant a change in investment recommendation.
Keywords
Robinhood Markets, HOOD, Steven M. Quirk, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Tax Withholding, Executive Compensation, Brokerage Officer
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