Form 4: Robinhood's Chief Legal Officer Reports Stock Transactions
SEC Form 4 Filing
Daniel Martin Gallagher Jr., Chief Legal Officer of Robinhood Markets, Inc., reports the vesting and subsequent tax withholding related to restricted stock units.
Summary
- On April 1, 2025, Daniel Martin Gallagher Jr., Chief Legal Officer of Robinhood Markets, Inc., reported transactions involving Class A Common Stock.
- 48,226 Restricted Stock Units (RSUs) vested and converted into Class A Common Stock on a one-for-one basis.
- Robinhood withheld 23,294 shares at a price of $41.62 to satisfy tax withholding obligations related to the vesting of the RSUs.
- Following these transactions, Gallagher directly owns 847,825 shares of Class A Common Stock.
- The RSUs were granted on March 24, 2022, under Robinhood's 2021 Omnibus Incentive Plan and vest quarterly.
Sentiment
Score: 5
Explanation: Neutral sentiment as it is a routine disclosure of stock transactions by an executive.
Industry Context
Form 4 filings are standard practice for reporting insider transactions and provide transparency into the trading activities of company executives.
Key Dates
| Date | Description |
|---|---|
| 2022-03-24 | Reporting Person was granted 192,901 RSUs under Robinhood's 2021 Omnibus Incentive Plan |
| 2024-07-01 | One-fourth (1/4) of these RSUs vested |
| 2025-04-01 | Vesting of 48,226 Restricted Stock Units and tax withholding |
| 2025-04-02 | Date of Form 4 filing |
Keywords
Form 4, Robinhood, Gallagher, RSU, Stock, Vesting, Tax Withholding, Class A Common Stock
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