Gallagher Daniel Martin Jr's Form 4/A amendment
AmendedRobinhood Markets, Inc. (HOOD) · filed Feb 15, 2022
- Accession no.
- 0001783879-22-000040
- Filed
- Feb 15, 2022
- Trade date
- Jul 28, 2021
- Filing delay
- 202 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 6 transactions from the original filing that it did not restate. Open-market sales total $265.4K. It was filed 202 days after the trade.
This amendment restates part of 0001628280-21-015060 (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 |
|---|---|
| Gallagher Daniel Martin JrCIK 0001705560 | Officer (Chief Legal 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 | −235,649 | $38.00 | −$8,954,662 | 252,213 | 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 0001628280-21-015060 (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 | −10,013 | $0.00 | $0 | 30,042 | Direct | |
| Jul 28, 2021 | Common Stock | MOption exerciseDisposed | −77,104 | $0.00 | $0 | 231,315 | Direct | |
| Jul 28, 2021 | Common Stock | MOption exerciseDisposed | −333,003 | $0.00 | $0 | 999,011 | Direct | |
| Jul 28, 2021 | Common Stock | MOption exerciseDisposed | −67,742 | $0.00 | $0 | 203,226 | 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.
- F5
This transaction was executed in multiple trades during the day at prices ranging from $38.00 to $39.99. The weighted-average price is reported above. The reporting person hereby undertakes to provide to the SEC staff, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares and prices at which the transactions were effected.
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
Represents shares withheld by Robinhood Markets, Inc. ("Robinhood") to satisfy tax withholding obligations in connection with the vesting and settlement of 487,862 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 220,032 shares had been withheld to satisfy tax withholding obligations; the actual number of shares withheld was 235,649 as shown in the amended line item above. This amendment shall also serve to correct the corresponding amounts that were carried forward on Form 4 reports subsequently filed by the Reporting Person.