Warnick Jason's Form 4/A amendment
AmendedRobinhood Markets, Inc. (HOOD) · filed Sep 3, 2021
- Accession no.
- 0001783879-21-000031
- Filed
- Sep 3, 2021
- Trade date
- Jul 28, 2021
- Filing delay
- 37 days
- Rule 10b5-1 plan
- Not on the form (before 2023)
- Original filed
- Jul 30, 2021
This filing lists 1 non-derivative transaction. It carries over 5 transactions from the original filing that it did not restate. Open-market sales total $4.55M. It was filed 37 days after the trade.
This amendment restates part of 0001628280-21-015066 (filed Jul 30, 2021). The transactions it did not restate still count and are listed below.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Warnick JasonCIK 0001871212 | Officer (Chief Financial Officer) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Jul 28, 2021 | Common Stock | FTax withholdingDisposed | −318,107 | $38.00 | −$12,088,066 | 436,585 | Direct |
Carried over from the original filing
This amendment restates only part of the original filing. The original's other transactions still stand, and the trade tables on Livermore count them under this amendment.
From 0001628280-21-015066 (filed Jul 30, 2021).
Non-derivative securities (Table I)
Derivative securities (Table II)
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Jul 28, 2021 | Common Stock | MOption exerciseDisposed | −452,083 | $0.00 | $0 | 247,917 | Direct | |
| Jul 28, 2021 | Common Stock | MOption exerciseDisposed | −262,287 | $0.00 | $0 | 437,145 | Direct | |
| Jul 28, 2021 | Common Stock | MOption exerciseDisposed | −40,322 | $0.00 | $0 | 282,258 | Direct |
Footnotes on the original
The footnotes that the prices of these transactions refer to on the original filing.
- F3
RSUs convert into Common Stock on a one-for-one basis upon vesting and settlement.
Referenced by the price of 1 transaction in Table I.
- F6
Represents the IPO price, less underwriting discounts and commissions.
Referenced by the price of 1 transaction in Table I.
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
Shares of Common Stock were automatically reclassified as shares of Class A Common Stock on a one-for-one basis upon the filing of the Amended and Restated Certificate of Incorporation of Robinhood Markets, Inc. ("Robinhood") immediately prior to the closing of Robinhood's initial public offering ("IPO").
- F2
Represents shares withheld by Robinhood to satisfy tax withholding obligations in connection with the vesting of 754,692 RSUs and does not represent a sale by the Reporting Person.
Remarks
This filing amends a prior form and does not represent any new transaction. On July 30, 2021, the Reporting Person filed a Form 4 (the "Original Form") which incorrectly stated that 260,407 shares had been withheld to satisfy tax withholding obligations; the actual number of shares withheld was 318,107 as shown in the amended line item above. The total number of shares of Common Stock beneficially owned following all of the transactions reported on the Original Form should have been 311,585 rather than 369,285. This amendment shall also serve to correct the corresponding amounts that were carried forward to the Form 4 subsequently filed by the Reporting Person on August 3, 2021.