Robinhood Co-Founder & Director Baiju Bhatt Acquires Shares via Board Compensation and RSU Vesting

Transaction Summary

Robinhood Markets, Inc. ($HOOD) Director and co-founder Baiju Bhatt reported two non-derivative transactions on Form 4:

1. Stock in Lieu of Cash Director Fees: On September 30, 2026, Bhatt received a grant of 111 shares of Class A Common Stock at an implied price of $112.50 per share (total value of $12,487.50). This grant was made under Robinhood's Non-Employee Director Compensation Program and 2021 Omnibus Incentive Plan, which allows non-employee directors to elect equity in lieu of cash compensation.
2. RSU Vesting: On October 1, 2026, 822 Restricted Stock Units (RSUs) vested and converted into Class A Common Stock on a 1-for-1 basis at zero cost. This represents the first quarterly installment (1/4) of a 3,289 RSU award granted on June 2, 2026.

Following these transactions, Bhatt directly owns 4,636 shares of Class A Common Stock, along with 2,467 remaining unvested RSUs.

Market and Trading Assessment

• Significance Level: Low. Neither transaction constitutes discretionary open-market buying or selling.
• Nature of Transactions: The acquisition represents standard board compensation (stock elected instead of cash retainer fees) and the scheduled vesting of annual director equity grants.
• Takeaway: Routine non-market transactions with no signaling value regarding near-term operational momentum or sentiment.