Form 4: Robinhood's Chief Technology Officer, Jeffrey Pinner, Reports Stock Transactions
SEC Form 4 Filing
Jeffrey Pinner, Robinhood's Chief Technology Officer, reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On March 1, 2025, Jeffrey Pinner, the Chief Technology Officer of Robinhood Markets, Inc., had 47,658 restricted stock units (RSUs) vest and convert into Class A Common Stock.
- Robinhood withheld 24,246 shares to satisfy tax withholding obligations at a price of $50.1 per share.
- Following these transactions, Pinner directly owns 23,412 shares of Class A Common Stock and 667,212 restricted stock units.
- The RSUs were granted on September 18, 2024, under Robinhood's 2021 Omnibus Incentive Plan and vest quarterly.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock transactions by a company executive, with no inherent positive or negative sentiment.
Future Outlook
The remaining RSUs are scheduled to vest in fifteen equal quarterly installments, subject to continued service.
Industry Context
Form 4 filings are standard practice for reporting transactions by company insiders, providing transparency to investors.
Stakeholder Impact
- The vesting of RSUs and subsequent tax withholding may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 09/18/2024 | Reporting Person was granted 762,528 RSUs under Robinhood's 2021 Omnibus Incentive Plan |
| 12/01/2024 | One-sixteenth (1/16) of these RSUs vested |
| 03/01/2025 | 47,658 RSUs vested and converted into Class A Common Stock; tax withholding occurred. |
| 03/04/2025 | Date of signature for the Form 4 filing. |
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