Robinhood Markets

=== SEC Form 4 — Statement of Changes in Beneficial Ownership === Document Type: 4 Period of Report: 2026-05-20 10b5-1 Pre-arranged Plan: Yes --- Issuer --- Name: Robinhood Markets, Inc. (HOOD) CIK: 0001783879 --- Reporting Owner --- Name: Bhatt Baiju CIK: 0001870914 Role: Director --- Non-Derivative Transactions --- [Transaction #1] Security: Class A Common Stock Date: 2026-05-20 | Code: C (Conversion of derivative) Shares: +67,422 Shares Owned After: 67,422 | Ownership: I (Indirect) | Nature: By Living Trust Footnotes: [F1] As part of the transactions effected on May 20, 2026 pursuant to the Rule 10b5-1 trading plan adopted by the Baiju Bhatt Living Trust ("Living Trust") on November 13, 2025 ("Bhatt 10b5-1 plan"), the Living Trust sold an aggregate of 67,422 shares of its Class B Common Stock, resulting in an automatic conversion of the same amount of shares into Class A Common Stock upon execution of the sales. [Transaction #2] Security: Class A Common Stock Date: 2026-05-20 | Code: S (Open market sale) Shares: -13,200 | Price: $74.28 Total Value: $980,463.00 Shares Owned After: 54,222 | Ownership: I (Indirect) | Nature: By Living Trust Footnotes: [F2] This transaction was effected pursuant to the Bhatt 10b5-1 plan. [F3] This transaction was executed in multiple trades during the day at prices ranging from $73.81 to $74.80. 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 trades were made. [Transaction #3] Security: Class A Common Stock Date: 2026-05-20 | Code: S (Open market sale) Shares: -42,955 | Price: $75.55 Total Value: $3,245,220.18 Shares Owned After: 11,267 | Ownership: I (Indirect) | Nature: By Living Trust Footnotes: [F2] This transaction was effected pursuant to the Bhatt 10b5-1 plan. [F4] This transaction was executed in multiple trades during the day at prices ranging from $74.86 to $75.85. 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 trades were made. [Transaction #4] Security: Class A Common Stock Date: 2026-05-20 | Code: S (Open market sale) Shares: -11,267 | Price: $76.01 Total Value: $856,355.10 Shares Owned After: 0 | Ownership: I (Indirect) | Nature: By Living Trust Footnotes: [F2] This transaction was effected pursuant to the Bhatt 10b5-1 plan. [F5] This transaction was executed in multiple trades during the day at prices ranging from $75.86 to $76.28. 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 trades were made. --- Derivative Transactions --- [Transaction #1] Security: Class B Common Stock Date: 2026-05-20 | Code: C (Conversion of derivative) Shares: -67,422 | Price: $0.00 Shares Owned After: 47,006,377 | Ownership: I (Indirect) | Nature: By Living Trust Footnotes: [F1] As part of the transactions effected on May 20, 2026 pursuant to the Rule 10b5-1 trading plan adopted by the Baiju Bhatt Living Trust ("Living Trust") on November 13, 2025 ("Bhatt 10b5-1 plan"), the Living Trust sold an aggregate of 67,422 shares of its Class B Common Stock, resulting in an automatic conversion of the same amount of shares into Class A Common Stock upon execution of the sales. [F1] As part of the transactions effected on May 20, 2026 pursuant to the Rule 10b5-1 trading plan adopted by the Baiju Bhatt Living Trust ("Living Trust") on November 13, 2025 ("Bhatt 10b5-1 plan"), the Living Trust sold an aggregate of 67,422 shares of its Class B Common Stock, resulting in an automatic conversion of the same amount of shares into Class A Common Stock upon execution of the sales. [F1] As part of the transactions effected on May 20, 2026 pursuant to the Rule 10b5-1 trading plan adopted by the Baiju Bhatt Living Trust ("Living Trust") on November 13, 2025 ("Bhatt 10b5-1 plan"), the Living Trust sold an aggregate of 67,422 shares of its Class B Common Stock, resulting in an automatic conversion of the same amount of shares into Class A Common Stock upon execution of the sales. --- Holdings --- [Holding #1] Security: Class A Common Stock Ownership: D (Direct) --- Footnotes (Complete Index) --- F1: As part of the transactions effected on May 20, 2026 pursuant to the Rule 10b5-1 trading plan adopted by the Baiju Bhatt Living Trust ("Living Trust") on November 13, 2025 ("Bhatt 10b5-1 plan"), the Living Trust sold an aggregate of 67,422 shares of its Class B Common Stock, resulting in an automatic conversion of the same amount of shares into Class A Common Stock upon execution of the sales. F2: This transaction was effected pursuant to the Bhatt 10b5-1 plan. F3: This transaction was executed in multiple trades during the day at prices ranging from $73.81 to $74.80. 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 trades were made. F4: This transaction was executed in multiple trades during the day at prices ranging from $74.86 to $75.85. 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 trades were made. F5: This transaction was executed in multiple trades during the day at prices ranging from $75.86 to $76.28. 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 trades were made. --- Signature --- /s/ /s/ Matthew Yorkavich, attorney-in- fact for Baiju Bhatt (2026-05-22)