Compensation award — excluded from discretionary-purchase analysis.
Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell
View the official recordSEC Form 4 — Statement of Changes in Beneficial OwnershipAll the details
Dates, kept separate
Transaction date
Nov 21, 2025
Reporting period
Not applicable
Filed with the SEC
Nov 25, 2025
DirectorIndirect holdingGrant / award
Context
Classification
grant award
Derivative acquisition at no reported price
Planned / mechanical clue
None found in footnotes
Only flagged when a footnote says so; never inferred
Source receipt
Record ID
0001104659-25-115974
Filed / recorded
Nov 25, 2025, 9:30 PM UTC
Added to OQRO
Oct 2, 2026, 12:28 PM UTC
Parser
form4-xml-v1
Data quality
Verified: identifiers matched exactly
Issuer
Robinhood Markets, Inc.
Issuer CIK
1783879
Ticker
HOOD
Reporting person
Meyer Malka
Relationship
Director
Security
Variable Share Forward Contract (obligation to sell)
Table
Derivative (Table II)
Transaction date
Nov 21, 2025
Transaction code
J
Shares / units
1,000,000
Acquired / disposed
Acquired (A)
Shares owned after
1,000,000
Ownership form
Indirect — By Trusts
Amendment
No
Footnotes from the filing
In accordance with the procedures described in the interpretive letters from the staff of the SEC to Goldman Sachs & Co. LLC, dated December 20, 1999 and to Bank of America, N.A., dated December 1, 2011, on November 21, 2025, the Reporting Person entered into a variable share forward contract (the "Contract") with an unaffiliated third party dealer with respect to the Class A Common Stock (the "Shares") of Robinhood Markets, Inc. Pursuant to the Contract, the Reporting Person may elect to receive cash payment during the term of the Contract of up to $89.3 million in exchange for agreeing to pledge and deliver to the dealer up to 1,000,000 of the Shares (the "Maximum Number of Shares") where the Reporting Person retains dividend and voting rights in such Shares during the term of the pledge, or an equivalent amount of cash if the Reporting Person elects cash settlement of the Contract.
The number of shares to be delivered (or amount of cash to be paid), will be determined based on the volume weighted average price per share of the Shares on or immediately prior to the valuation date (the "Settlement Price"), but will not exceed the Maximum Number of Shares.
The number of Shares to be delivered (or amount of cash to be paid) to the dealer at settlement will be determined as follows: (A) if the Settlement Price is less than or equal to approximately $97.15 (the "Floor Price"), the Reporting Person will deliver to the dealer the Maximum Number of Shares; (B) if the Settlement Price is less than or equal to approximately $149.51 (the "Cap Price"), but greater than the Floor Price, the Reporting Person will deliver to the dealer a variable number of Shares; and (C) if the Settlement Price is greater than the Cap Price, the Reporting Person will deliver to the dealer a number of Shares equal to (i) the Maximum Number of Shares, multiplied by (ii) a fraction, the numerator of which is the sum of (x) the Floor Price and (y) the Settlement Price minus the Cap Price, and the denominator of which is the Settlement Price. The Contract is expected to be settled in November 2027.
The Shares are held by Lassen Residential LLC, which is controlled by the Malka Kleiner Revocable Trust dated July 16, 2012 (the "Malka Trust"). The Reporting Person serves as trustee of the Malka Trust. The Reporting Person disclaims beneficial ownership of such shares for purposes of Section 16 of the Securities Exchange Act of 1934 ("Section 16") except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that such shares are beneficially owned by him for Section 16 or any other purpose.