Robinhood Director John Hegeman Receives Quarterly Equity Grant in Lieu of Cash Retainer

Executive Summary

On October 2, 2026, Robinhood Markets, Inc. ($HOOD) filed a Form 4 detailing an equity grant to Director John William Hegeman. On September 30, 2026, Hegeman received 144 shares of Class A Common Stock under the company's Non-Employee Director Compensation Program and 2021 Omnibus Incentive Plan.

Transaction Details

• Security: Class A Common Stock
• Transaction Code: A (Award/Grant)
• Shares Acquired: 144 shares
• Effective Price: $112.50 per share (closing market price on September 30, 2026)
• Total Transaction Value: $16,200.00
• Post-Transaction Holdings: 144 shares (Direct)

Context and Terms

The shares were granted in lieu of quarterly cash director fees pursuant to Robinhood's director compensation policy. The shares vested immediately upon grant, subject to a deferral election where delivery will occur upon the earliest of December 1, 2035, termination of service, death or disability, or a change in control.

Market Significance

This filing represents a routine, formulaic equity grant tied to non-employee director compensation rather than open-market buying or discretionary investing activity. Consequently, the trading significance is rated Low.