# EDGAR Filing Document

**Accession Number:** 0001783879
**File Stem:** 0001193125-23-071284
**Filing Date:** 2023-3
**Character Count:** 7833
**Document Hash:** 482fff48fddde65526f6fd7dbcccf3c4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-23-071284.hdr.sgml**: 20230315

**ACCESSION NUMBER**: 0001193125-23-071284

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20230310

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230315

**DATE AS OF CHANGE**: 20230315

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Robinhood Markets, Inc.
- **CENTRAL INDEX KEY:** 0001783879
- **STANDARD INDUSTRIAL CLASSIFICATION:** SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211]
- **IRS NUMBER:** 464364776
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40691
- **FILM NUMBER:** 23735065

**BUSINESS ADDRESS:**
- **STREET 1:** 85 WILLOW ROAD
- **CITY:** MENLO PARK
- **STATE:** CA
- **ZIP:** 94025
- **BUSINESS PHONE:** 844-428-5411

**MAIL ADDRESS:**
- **STREET 1:** 85 WILLOW ROAD
- **CITY:** MENLO PARK
- **STATE:** CA
- **ZIP:** 94025

?xml version="1.0" encoding="utf-8" ? 8-K

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### UNITED STATES

### SECURITIES AND EXCHANGE COMMISSION

#### Washington, D.C. 20549

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### FORM 8-K

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#### CURRENT REPORT

#### Pursuant to Section 13 or 15(d)

#### of the Securities Exchange Act of 1934

#### Date of Report (Date of earliest event reported): March 10, 2023

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## Robinhood Markets, Inc.

#### (Exact name of registrant as specified in its charter)

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| | | |
|:---|:---|:---|
| **Delaware** | **001-40691** | **46-4364776** |
| **(State or other jurisdiction**<br> **of incorporation)** | **(Commission**<br> **File Number)** | **(IRS Employer**<br> **Identification No.)** |

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#### 85 Willow Road

#### Menlo Park, CA 94025

#### (Address of principal executive offices) (Zip Code)
(844) 428-5411

#### (Registrant's telephone number, including area code)

#### not applicable

#### (Former name or former address, if changed since last report)

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading**<br> **Symbol(s)** | **Name of each exchange**<br> **on which registered** |
| Class A Common Stock, $0.0001 par value per share | HOOD | The Nasdaq Stock Market LLC |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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#### Item 5.02 – Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On March 10, 2023, Gretchen Howard, the Chief Operating Officer of Robinhood Markets, Inc. (the "Company"), informed the Company of her desire to retire from the Company at the end of 2023. Ms. Howard will transition to an advisory role on April 3, 2023 to support certain special projects for the CEO and will remain employed with the Company until January 1, 2024. Ms. Howard and the Company have entered into a letter agreement to reflect such transition, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.

#### Item 9.01 – Financial Statements and Exhibits.
*Exhibits* 

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| | |
|:---|:---|
| **Exhibit<br>Number** | **Description** |
| 10.1 | [Letter agreement, dated March 15, 2023, between Gretchen Howard and Robinhood Markets, Inc.](d485105dex101.htm) |
| 104 | Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document) |

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#### SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | |
|:---|:---|:---|
|  | **Robinhood Markets, Inc.** | **Robinhood Markets, Inc.** |
| Date: March 15, 2023 | By: | /s/ Jason Warnick |
|  | Name: | Jason Warnick |
|  | Title: | Chief Financial Officer |

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## Exhibit 10.1

**Exhibit 10.1** 

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| | |
|:---|:---|
| ![LOGO](g485105snap1.jpg)  | 85 Willow Road<br> Menlo Park, CA 94025<br> www.robinhood.com |

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March 15, 2023

Gretchen Howard

c/o last address on file with the Company

Dear Gretchen:

This letter agreement memorializes the terms of our discussions regarding your transitional employment with Robinhood Markets, Inc. ("Robinhood" or the "Company"). From April 3, 2023 until January 1, 2024 (the "Advisory Period"), you will remain employed by the Company as a Special Advisor reporting to the Chief Executive Officer (or his designee). During the Advisory Period, you will no longer serve as an executive officer of the Company and will assist with the transition of your role and responsibilities and provide assistance on projects as reasonably requested by the Chief Executive Officer (or his designee). During the Advisory Period, your compensation will remain unchanged from current levels and you will remain eligible (a) to participate in Robinhood's benefit plans pursuant to the terms of those plans and (b) to continue vesting in the Company equity-based awards that you hold, subject to the terms and conditions of the Company's equity compensation plan and the applicable award agreements. Your employment remains at will.

For the avoidance of doubt, during the Advisory Period, you will be required to continue to comply with all Company policies, including without limitation, your Proprietary Information and Inventions Agreement with the Company, the Robinhood Employee Handbook, and the Robinhood Code of Conduct.

This letter agreement may not be amended or modified, except by an express written agreement signed by both you and a duly authorized officer of the Company. The terms of this letter agreement and the resolution of any disputes as to the meaning, effect, performance or validity of this letter agreement or arising out of, related to, or in any way connected with, this letter agreement, your employment with the Company or any other relationship between you and the Company will be governed by California law, excluding laws relating to conflicts or choice of law. You and the Company submit to the exclusive personal jurisdiction of the federal and state courts located in Santa Clara County, California in connection with any such dispute or any claim related to any such dispute.

[*Signature page follows*]

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| | |
|:---|:---|
| ROBINHOOD MARKETS, INC.,<br>by  | ROBINHOOD MARKETS, INC.,<br>by  |
|  | /s/ Vladimir Tenev |
|  | Name: Vladimir Tenev<br> Title: Chief Executive Officer and President |

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Accepted and agreed:

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| |
|:---|
| /s/ Gretchen Howard |
| Gretchen Howard |

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