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Exhibit 10.17

NOTICE OF FULLY VESTED STOCK AWARD
FOR NON-EMPLOYEE DIRECTORS
ROBINHOOD MARKETS, INC.
2021 OMNIBUS INCENTIVE PLAN
    Unless otherwise defined herein, capitalized terms used in this Notice of Fully Vested Stock Award for Non-Employee Directors (this “Notice of Grant”) shall have the same meanings given to them in the Robinhood Markets, Inc. 2021 Omnibus Incentive Plan (the “Plan”).  All references to the “Platform” in this Notice of Grant or in the Share Agreement (as defined below) shall be interpreted as the equity management software currently in use by the Company.
The Participant named below has been granted an award of fully vested Shares in accordance with the Participant’s election to receive Shares in lieu of cash retainers, subject to the terms and conditions set forth in the Plan, this Notice of Grant and the Fully Vested Stock Award Agreement attached hereto as Annex A, including the appendix thereto applicable to the Participant’s country (the “Appendix”) (together with the Fully Vested Stock Award Agreement for Non-Employee Directors, the “Share Agreement”).  
Participant Name:        See Platform

Address:        See Platform

Total Number of Shares:        See Platform

Grant Date:        See Platform

Vesting:  The Shares shall be fully vested on the Grant Date. 
Issuance:  The Shares shall be issued to the Participant’s account as soon as practicable after the Grant Date, subject to the terms and conditions of the Plan, this Notice of Grant and the Share Agreement.
Market Standoff:  The Participant agrees that in connection with any registered public offering of securities of the Company (an “Offering”), the Participant shall not sell or otherwise dispose of any Shares acquired under the Plan without the prior written consent of the Company or the underwriters managing such Offering, as applicable, for a period of time (not to exceed one-hundred eighty (180) days) following the pricing date of such Offering, as agreed to by the Company and such management underwriters (which restricted period may be extended in the event the Company issues an earnings release or material news or a material event relating to the Company occurs or announces that it will issue an earnings release, in each case, during the last seventeen (17) days of the restricted period), subject to all restrictions and exceptions as the Company and such managing underwriters may agree to for director-stockholders generally.  In order to enforce the foregoing, the Company shall have the right to impose, or direct any third 
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party administering the Plan to impose, stop transfer instructions with respect to the Shares until the end of such restricted period.  
Miscellaneous:
The Participant understands that this Notice of Grant is subject to the terms and conditions of both the Plan and the Share Agreement, each of which are incorporated herein by reference.  The Participant has received and has had an opportunity to review the Plan, the Share Agreement, and the Company’s most recent prospectus that describes the Plan, and agrees to be bound by all the terms and provisions of the Plan and the Share Agreement.  
By the Participant’s acceptance hereof (whether written, electronic or otherwise), the Participant agrees, to the fullest extent permitted by law, that in lieu of receiving documents in paper format, the Participant accepts the electronic delivery of any documents the Company, or any third party involved in administering the Plan which the Company may designate, may deliver in connection with this grant (including the Plan, the Share Agreement, this Notice of Grant, account statements or other communications or information) whether via the Company’s intranet or the internet site of another such third party or via email, or such other means of electronic delivery specified by the Company.  

The Participant may confirm acceptance of this award by signing below or by clicking the “Accept” (or similar wording) button on the award acceptance screen of the Participant’s Plan account at www.ETRADE.com. If the Participant wishes to reject this award, the Participant must so notify the Company’s stock plan administrator in writing to 
stock-admin@robinhood.com no later than sixty (60) days after the Grant Date. If within such sixty (60) day period the Participant neither affirmatively accepts nor affirmatively rejects this award, the Participant will be deemed to have accepted this award at the end of such sixty (60) day period pursuant to the terms and conditions set forth in this Notice of Grant, the Share Agreement, and the Plan.

						
	PARTICIPANT	ROBINHOOD MARKETS, INC.
	

    
[Participant Name]
	

By:      
Name:
Title:

		

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ANNEX A
FULLY VESTED STOCK AWARD AGREEMENT
FOR NON-EMPLOYEE DIRECTORS
ROBINHOOD MARKETS, INC.
2021 OMNIBUS INCENTIVE PLAN
The Participant has been granted fully vested Shares, subject to the terms, restrictions and conditions of the Robinhood Markets, Inc. 2021 Omnibus Incentive Plan, as amended from time to time (the “Plan”), the Notice of Fully Vested Stock Award for Non-Employee Directors (the “Notice of Grant”) and this Fully Vested Stock Award Agreement for Non-Employee Directors, including the appendix hereto applicable to the Participant’s country (the “Appendix”) (together with this Fully Vested Stock Award Agreement for Non-Employee Directors (this “Agreement”).  Unless otherwise defined herein, capitalized terms used in this Agreement shall have the same meanings given to them in the Plan.  

1.Taxes.  

(a)Responsibility for Taxes.  The Participant acknowledges that, regardless of any action taken by the Company, the ultimate liability for all income tax, social insurance, payroll tax, fringe benefits tax, payment on account or other tax-related items related to the Participant’s participation in the Plan and legally applicable or deemed applicable to the Participant (“Tax-Related Items”) is and remains the Participant’s responsibility and may exceed the amount, if any, actually withheld by the Company. The Participant further acknowledges that the Company (i) makes no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the Shares, including, but not limited to, the grant, vesting or settlement of the Shares, the subsequent sale of Shares acquired pursuant to such settlement and the receipt of any dividends; and (ii) does not commit to and is under no obligation to structure the terms of the grant or any aspect of the Shares to reduce or eliminate the Participant’s liability for Tax-Related Items or achieve any particular tax result.  Further, if the Participant is subject to Tax-Related Items in more than one jurisdiction, he or she acknowledges that the Company may be required to withhold or account for Tax-Related Items in more than one jurisdiction.

Prior to any relevant taxable or tax withholding event, as applicable, the Participant agrees to make adequate arrangements satisfactory to the Company to satisfy all Tax-Related Items.

(b)Tax Withholding.  In this regard, the Participant authorizes the Company and its Affiliates, or their respective agents, at their discretion, to satisfy any applicable withholding obligations or rights with respect to all Tax-Related Items by one or a combination of the following:

(i)withholding from the Participant’s wages or other cash compensation payable to the Participant by the Company or its Affiliates;
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(ii)withholding Shares that otherwise would be issued to the Participant;

(iii)withholding from proceeds of the sale of Shares, through a voluntary sale or through a mandatory sale arranged by the Company (on the Participant’s behalf pursuant to this authorization without further consent); 

(iv)requiring the Participant to make a payment in cash or by check; 

(v)reducing the amount of any cash otherwise payable to the Participant with respect to the Shares (if any as may be specified in the Notice of Grant or permitted by the Administrator after the Grant Date); 

(vi)any other method of withholding approved by the Company and to the extent required by Applicable Laws or the Plan, approved by the Administrator; or

(vii)and in each case, under such rules as may be established by the Administrator and in compliance with the Company’s insider trading policy and 10b5-1 trading plan policy, if applicable; provided, however, that, unless otherwise determined by the Administrator, if the Participant is a Section 16 officer of the Company under the Exchange Act, then the method of withholding shall be through a withholding of Shares under (ii) above.

The Company may withhold or account for Tax-Related Items by considering minimum statutory withholding rates or other applicable withholding rates, including up to the maximum applicable rate for the Participant’s jurisdiction(s).  If the maximum applicable rate for the Participant’s jurisdiction(s) is used in connection with the withholding methods described in (ii) or (iii) above, the Participant may receive a refund of any over-withheld amount in cash and will have no entitlement to the equivalent amount in Shares.  If the withholding obligation for Tax-Related Items is satisfied by withholding in Shares as described in (ii) above, for tax purposes, the Participant will be deemed to have received the full number of Shares, notwithstanding that a number of the Shares are held back solely for the purpose of satisfying the Tax-Related Items.

The Company may refuse to issue or deliver the Shares or the proceeds of the sale of Shares if the Participant fails to comply with his or her obligations in connection with the Tax-Related Items.

2.Data Privacy Consent.  The Participant hereby declares that he or she agrees with the data processing practices described herein and consents to the collection, processing and use of Personal Data (as defined below) by the Company and the transfer of Personal Data to the recipients mentioned herein, including recipients located in countries which do not adduce an adequate level of protection from a European (or other non-U.S.) data protection law perspective, for the purposes described herein.

(a)Declaration of Consent.  The Participant understands that he or she must review the following information about the processing of Personal Data by or on behalf of the 
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Company as described in this Agreement and any materials related to the Participant’s eligibility to participate in the Plan and declare his or her consent.  As regards the processing of the Participant’s Personal Data in connection with the Plan, the Participant understands that the Company is the controller of his or her Personal Data.

(b)Data Processing and Legal Basis. The Company collects, uses and otherwise processes certain information about the Participant for purposes of implementing, administering and managing the Plan. The Participant understands that this information may include, without limitation, the Participant’s name, home address and telephone number, email address, date of birth, social insurance, passport or other identification number (e.g., resident registration number), salary, nationality, job title, any shares of stock or directorships held in the Company or its Affiliates, details of all equity awards or any other entitlement to Shares or equivalent benefits awarded, canceled, exercised, vested, unvested or outstanding in the Participant’s favor (the “Personal Data”).  The legal basis for the processing of the Participant’s Personal Data, where required, is the Participant’s consent.

(c)Stock Plan Administration Service Providers.  The Participant understands that the Company transfers his or her Personal Data, or parts thereof, to E*Trade Corporate Financial Services, Inc. and E*Trade Securities LLC (“E*Trade”), an independent service provider based in the U.S., which assists the Company with the implementation, administration and management of the Plan. In the future, the Company may select different service providers and share the Participant’s Personal Data with such different service providers that serve the Company in a similar manner. The Company’s service providers will open an account for the Participant to receive and trade Shares acquired under the Plan and the Participant may be asked to agree on separate terms and data processing practices with the service provider, which is a condition of any ability to participate in the Plan.

(d)International Data Transfers. The Company and, as of the date hereof, any third parties assisting in the implementation, administration and management of the Plan, such as E*Trade, are based in the U.S. If the Participant is located outside the U.S., the Participant’s country may have enacted data privacy laws that are different from the laws of the U.S. The Company’s legal basis for the transfer of Personal Data is the Participant’s consent.

(e)Data Retention. The Company will process the Participant’s Personal Data only as long as is necessary to implement, administer and manage the Participant’s participation in the Plan, or to comply with legal or regulatory obligations, including under tax, exchange control, labor and securities laws. In the latter case, the Participant understands and acknowledges that the Company’s legal basis for the processing of his or her Personal Data would be compliance with the relevant laws or regulations. When the Company no longer needs Personal Data for any of the above purposes, the Participant understands that the Company will remove it from its systems.

(f)Voluntariness and Consequences of Denial/Withdrawal of Consent.  The Participant understands that any participation in the Plan and the Participant’s consent are 
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purely voluntary.  The Participant may deny or later withdraw his or her consent at any time, with future effect and for any or no reason.  If the Participant denies or later withdraws his or her consent, the Company cannot offer participation in the Plan or grant equity awards to the Participant or administer or maintain such awards, and the Participant will not be eligible to participate in the Plan.  The Participant further understands that denial or withdrawal of his or her consent would not affect the Participant’s service relationship and that the Participant would merely forfeit the opportunities associated with the Plan.

(g)Data Subject Rights. The Participant understands that data subject rights regarding the processing of personal data vary depending on Applicable Laws and that, depending on where the Participant is based and subject to the conditions set out in the Applicable Laws, the Participant may have, without limitation, the rights to (i) inquire whether and what kind of Personal Data the Company holds about the Participant and how it is processed, and to access or request copies of such Personal Data, (ii) request the correction or supplementation of Personal Data about the Participant that is inaccurate, incomplete or out-of-date in light of the purposes underlying the processing, (iii) obtain the erasure of Personal Data no longer necessary for the purposes underlying the processing, (iv) request the Company to restrict the processing of the Participant’s Personal Data in certain situations where the Participant feels its processing is inappropriate, (v) object, in certain circumstances, to the processing of Personal Data for legitimate interests, and to (vi) request portability of the Participant’s Personal Data that he or she has actively or passively provided to the Company (which does not include data derived or inferred from the collected data), where the processing of such Personal Data is based on consent or the Participant’s service relationship and is carried out by automated means. In case of concerns, the Participant also may have the right to lodge a complaint with the competent local data protection authority. Further, to receive clarification of, or to exercise any of, the Participant’s rights, the Participant understands he or she should contact his or her local human resources representative.

3.Rights as a Stockholder.  The Participant shall have the rights and privileges of a stockholder of the Company upon issuance and delivery of the Shares to the Participant’s account and entry as a stockholder of record with respect to such Shares on the books of the Company.  The Company shall cause the actions described in the preceding sentence to occur promptly following the Grant Date as contemplated by this Agreement, subject to compliance with Applicable Laws.

4.Incorporation by Reference, Etc.  The provisions of the Plan and the Notice of Grant are hereby incorporated herein by reference.  Except as otherwise expressly set forth herein or in the Notice of Grant, this Agreement and the Notice of Grant shall be construed in accordance with the provisions of the Plan and any interpretations, amendments, rules and regulations promulgated by the Administrator from time to time pursuant to the Plan.  The Administrator shall have final authority to interpret and construe the Plan, the Notice of Grant and this Agreement and to make any and all determinations under them, and its decision shall be binding and conclusive upon the Participant and his or her legal representative in respect of any questions arising under the Plan or this Agreement.  Without limiting the foregoing, the Participant 
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acknowledges that the Shares are subject to provisions of the Plan under which, in certain circumstances, an adjustment may be made to the number such Shares.

5.Compliance with Applicable Laws.  The issuance of the Shares and any other obligations of the Company under this Agreement shall be subject to all Applicable Laws as may be required.  The Administrator shall have the right to impose such restrictions on the Shares as it deems reasonably necessary or advisable under applicable Federal or non-U.S. securities laws, the rules and regulations of any stock exchange or market upon which Shares are then listed or traded, and/or any blue sky, state securities or non-U.S. exchange control or other laws applicable to such Shares.  It is expressly understood that the Administrator is authorized to administer, construe and make all determinations necessary or appropriate to the administration of the Plan and this Agreement, all of which shall be binding upon the Participant.  The Participant agrees to take all steps the Administrator or the Company determines are reasonably necessary to comply with all applicable provisions of Federal and state securities law (and any other Applicable Laws) in exercising his or her rights under this Agreement.  

6.Nature of Grant.  By accepting the Shares and participating in the Plan, the Participant acknowledges, understands and agrees that:

(a)the Plan is established voluntarily by the Company, it is discretionary in nature and it may be modified, amended, suspended or terminated by the Company at any time, to the extent permitted by the Plan;

(b)the grant of Shares is exceptional, voluntary and occasional and does not create any contractual or other right to receive future grants of Shares or other equity-based awards, or benefits in lieu of Shares, even if Shares have been granted in the past; 

(c)all decisions with respect to future Shares or other grants, if any, will be at the sole discretion of the Company; 

(d)the grant of Shares and the Participant’s participation in the Plan shall not create a right to an employment or other service relationship with the Company; 

(e)the Participant is voluntarily participating in the Plan; 

(f)the Shares, and the income from and value of same, are not intended to replace any pension rights; 

(g)unless otherwise agreed with the Company in writing, the Shares, and the income from and value of same, are not granted as consideration for, or in connection with, the service the Participant may provide as a director of a Subsidiary of the Company;

(h)the future value of the underlying Shares is unknown, indeterminable and cannot be predicted with certainty; and

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(i)neither the Company nor any other Affiliate of the Company shall be liable for any foreign exchange rate fluctuation between the Participant’s local currency and the United States Dollar that may affect the value of the Shares or of any amounts due to the Participant pursuant to the subsequent sale of the Shares.

7.Clawback.  The Shares shall be subject (including on a retroactive basis) to clawback, recoupment, forfeiture or similar requirements (and such requirements shall be deemed incorporated by reference into this Agreement) to the extent required by the Clawback Policy or Applicable Laws (including, without limitation, Section 304 of the Sarbanes-Oxley Act and Section 954 of the Dodd-Frank Wall Street Reform and Consumer Protection Act). 

8.Miscellaneous.

(a)Amendment.  The Administrator at any time, and from time to time, may amend the terms of this Agreement; provided, however, that the rights of the Participant shall not be materially adversely affected without the Participant’s written consent. 

(b)Waiver.  Any right of the Company or its Affiliates contained in this Agreement may be waived in writing by the Administrator.  No waiver of any right hereunder by any party shall operate as a waiver of any other right, or as a waiver of the same right with respect to any subsequent occasion for its exercise, or as a waiver of any right to damages.  No waiver by any party of any breach of this Agreement shall be held to constitute a waiver of any other breach or a waiver of the continuation of the same breach.

(c)Notices.  All notices, requests, consents and other communications to be given hereunder to any party shall be deemed to be sufficient if contained in a written instrument and shall be deemed to have been duly given when delivered in person, by telecopy, by nationally recognized overnight courier, or by first-class registered or certified mail, postage prepaid, addressed to such party at the address set forth below or such other address as may hereafter be designated in writing by the addressee to the addresser:

(i)if to the Company, to:
Robinhood Markets, Inc.
85 Willow Road
Menlo Park, California  94025
United States of America
Attention:  Stock Plan Administrator

(ii)if to the Participant, to the Participant’s home address on file with the Company.  Notices may also be delivered to the Participant through the Company’s inter-office or electronic mail system, at any time he or she is providing services to the Company or any of its Affiliates.
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All such notices, requests, consents and other communications shall be deemed to have been delivered in the case of personal delivery or delivery by telecopy, on the date of such delivery, in the case of nationally recognized overnight courier, on the next business day, and in the case of mailing, on the third business day following such mailing if sent by certified mail, return receipt requested.
(d)Severability.  The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement, and each other provision of this Agreement shall be severable and enforceable to the extent permitted by law. 

(e)No Rights to Continued Service.  Nothing contained in this Agreement will confer upon the Participant any right with respect to continuing the Participant’s relationship as a Service Provider, nor will they interfere in any way with the Participant’s right or the right of the Company (or any of its Affiliates) to terminate such relationship at any time, with or without cause, to the extent permitted by Applicable Laws.  

(f)No Advice Regarding Grant.  The Company is not providing any tax, legal or financial advice, nor is the Company making any recommendations regarding the Participant’s participation in the Plan, or his or her acquisition or sale of the underlying Shares.  The Participant should consult with his or her own personal tax, legal and financial advisors regarding participation in the Plan before taking any action related to the Plan.

(g)Language.  The Participant acknowledges that he or she is proficient in the English language, or has consulted with an advisor who is proficient in the English language, so as to enable the Participant to understand the provisions of this Agreement and the Plan.  If the Participant has received this Agreement or any other document related to the Plan translated into a language other than English and if the meaning of the translated version is different than the English version, the English version will control.

(h)Country-Specific Appendix. Notwithstanding any provisions in this Agreement, the grant of Shares shall be subject to any additional terms and conditions set forth in the Appendix to this Agreement applicable to the Participant’s country.  Moreover, if the Participant relocates to one of the countries included in the Appendix, the additional terms and conditions for such country will apply to the Participant, to the extent the Company determines that the application of such terms and conditions is necessary or advisable for legal or administrative reasons.  The Appendix constitutes part of this Agreement.

(i)Imposition of Other Requirements.  The Company reserves the right to impose other requirements on the Participant’s participation in the Plan or on the Shares to the extent the Company determines it is necessary or advisable for legal or administrative reasons, and to require the Participant to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing.

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(j)Insider Trading/Market Abuse.  The Participant acknowledges that, depending on the applicable jurisdictions, including the United States and the Participant’s jurisdiction, the Participant may be subject to insider trading restrictions and/or market abuse laws which may affect his or her ability to accept, acquire, sell or otherwise dispose of Shares, rights to Shares (e.g., RSUs) or rights linked to the value of Shares (e.g., phantom awards, futures, Dividend Equivalents) during such times as the Participant is considered to have “inside information” regarding the Company as defined in the laws or regulations in the applicable jurisdictions.  Local insider trading laws and regulations may prohibit the cancellation or amendment of orders the Participant placed before he or she possessed inside information.  Furthermore, the Participant could be prohibited from (a) disclosing the inside information to any third party (other than on a “need to know” basis) and (b) “tipping” third parties or causing them otherwise to buy or sell securities.  Keep in mind third parties includes fellow Service Providers.  Any restrictions under these laws or regulations are separate from and in addition to any restrictions that may be imposed under any applicable insider trading policy of the Company.  The Participant is responsible for complying with any restrictions and should speak to his or her personal advisor on this matter.

(k)Exchange Control, Foreign Asset/Account and/or Tax Reporting.  Depending upon the country to which laws the Participant is subject, the Participant have certain foreign asset/account and/or tax reporting requirements that may affect his or her ability to acquire or hold Shares under the Plan or cash received from participating in the Plan (including from any dividends or sale proceeds arising from the sale of Shares) in a brokerage or bank account outside the Participant’s country of residence.  The Participant’s country may require that the Participant report such accounts, assets or transactions to the applicable authorities in his or her country.  The Participant also may be required to repatriate cash received from participating in the Plan to his or her country within a certain period of time after receipt.  The Participant is responsible for knowledge of and compliance with any such regulations and should speak with his or her personal tax, legal and financial advisors regarding same.

(l)Fractional Shares.  In lieu of issuing a fraction of a Share, if applicable, the Company shall be entitled to pay to the Participant an amount equal to the Fair Market Value of such fractional share. 

(m)Beneficiary.  To the extent permitted by the Administrator, the Participant may file with the Administrator a written designation of a beneficiary on such form as may be prescribed by the Administrator and may, from time to time, amend or revoke such designation.  If no beneficiary is designated (or permitted to be designated), if the designation is ineffective, or if the beneficiary dies before the balance of the Participant’s benefit is paid, the balance shall be paid to the Participant’s estate.  Notwithstanding the foregoing, however, the Participant’s beneficiary shall be determined under applicable state (or other) law if such state (or other) law does not recognize beneficiary designations under Awards of this type and is not preempted by laws which recognize the provisions of this Section 8(m).

(n)Successors.  The terms of this Agreement shall be binding upon and inure to the benefit of the Company or any of its Affiliates and their successors and assigns, and of the 
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Participant and the beneficiaries, executors, administrators, heirs and successors of the Participant. 

(o)Limitation of Liability. The Participant agrees that any liability of the officers, the Committee, the Board and the Administrator to the Participant under this Agreement shall be limited to those actions or failure to take actions which constitute self-dealing, willful misconduct or recklessness.

(p)Governing Law; Consent to Jurisdiction; Waiver of Jury Trial.  This Agreement will be governed by, and construed in accordance with, the laws of the State of Delaware, as such laws are applied to contracts entered into and performed in such State.  For purposes of any action, lawsuit or other proceedings brought to enforce this Agreement, relating to it, or arising from it, the parties hereby submit to and consent to the sole and exclusive jurisdiction of the courts of San Mateo County, California, or the federal courts for the United States for the Northern District of California, and no other courts, where this grant is made and/or to be performed.  EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY, IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THE PLAN OR THIS AGREEMENT.

(q)Signature and Acceptance. This Agreement shall be deemed to have been accepted and signed by the Participant and the Company as of the Grant Date upon the Participant’s acceptance of the Notice of Grant (including online acceptance or deemed acceptance as set forth in the Notice of Grant).

(r)Headings.  The headings of the Sections hereof are provided for convenience only and are not to serve as a basis for interpretation or construction, and shall not constitute a part, of this Agreement. 

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APPENDIX
FULLY VESTED STOCK AWARD AGREEMENT 
FOR NON-EMPLOYEE DIRECTORS
ROBINHOOD MARKETS, INC.
2021 OMNIBUS INCENTIVE PLAN
COUNTRY-SPECIFIC PROVISIONS FOR NON-U.S. PARTICIPANTS

[This exhibit has been omitted pursuant to Rule 601(a)(5) of Regulation S-K.  
A copy of any omitted schedule or exhibit will be furnished to the SEC upon request.]

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Exhibit 10.19

ROBINHOOD MARKETS, INC.
2021 EMPLOYEE SHARE PURCHASE PLAN
SUBSCRIPTION AGREEMENT

By clicking the “ENROLL” (or similar wording) button on the Employee Share Purchase Plan screen of a Robinhood Markets, Inc. stock plan account on www.etrade.com, the holder of such account (the “Employee”) hereby agrees to this Subscription Agreement and enrolls in the Plan (as defined below) or, as applicable, submits a change of contribution rate, according to the following terms:
1.Election to Participate.  The Employee hereby elects to participate in the Robinhood Markets, Inc. 2021 Employee Share Purchase Plan (the “Plan”) and subscribes to purchase shares of the Company’s Class A Common Stock (“Shares”) in accordance with the Plan, any sub-plan to the Plan applicable to Employee’s country and this Subscription Agreement, including the appendix to this Subscription Agreement applicable to Employee’s country (the “Appendix”).  The Appendix may include terms and conditions which are in addition to, or in replacement of, the terms and conditions set forth in this Subscription Agreement.  Terms used but not defined herein shall have the meanings ascribed to them in the Plan.
2.Payroll Deductions.  Employee hereby authorizes payroll deductions by the Company or any Employer from each payroll in a specified percentage (as indicated by the Employee in his or her online account concurrently with the acceptance of this Subscription Agreement, in whole percentages only (no fractions) from one (1%) to fifteen percent (15%); provided that a decrease in rate may be to zero percent (0%)) of his or her Compensation on each payday during the Offering Period in accordance with the Plan, except that, solely with respect to the Plan’s first Offering Period, such payroll deductions will commence with the first payroll following the end of the Initial Enrollment Period (as defined below).  Please note:  
•this percentage will be applied to eligible Compensation pre-tax but contributions will be withdrawn from eligible Compensation after-tax; and
•if you reduce your contribution rate to zero during an Offering Period (and do not formally withdraw from the Plan), you will remain enrolled for the duration of that Offering Period and then you will be automatically withdrawn from the Plan at the end of that Offering Period.  To avoid being withdrawn from the Plan and to remain enrolled when a new Offering Period commences, you must have a contribution rate of at least one percent (1%) in effect for the new Offering Period.
3.Accumulation of Payroll Deductions and Purchase of Shares.  Employee understands that said payroll deductions will be accumulated for the purchase of Shares at the applicable Purchase Price determined in accordance with the Plan.  Employee understands that if 
1
ESPP Subscription Agreement    

he or she does not withdraw from an Offering Period at least two weeks prior to the next Purchase Date (or by such later deadline in advance of the Purchase Date as may be allowed by the Plan Administrator from time to time), any accumulated payroll deductions will be used to automatically exercise his or her stock purchase right and purchase Shares under the Plan.  The maximum number of Shares that may be purchased per Purchase Period is 2,500.
4.Review of Company’s Plan and Prospectus. Employee has received a copy of the complete Plan and a copy of the Company’s most recent Prospectus that describes the Plan.  Employee understands that his or her participation in the Plan is in all respects subject to the terms of the Plan.
5.Deposit of Shares in Brokerage Account.  Shares purchased by Employee under the Plan will be deposited into an account in the name of Employee at the brokerage firm designated by the Company from time to time as the broker to receive Shares under the Plan (currently E*TRADE Securities).  
6.Market Standoff.  Employee agrees that in connection with any registered public offering of securities of the Company (an “Offering”), Employee shall not sell or otherwise dispose of any Shares acquired under the Plan without the prior written consent of the Company or the underwriters managing such Offering, as applicable, for a period of time (not to exceed one-hundred eighty (180) days) following the pricing date of such Offering, as agreed to by the Company and such managing underwriters (which restricted period may be extended in the event the Company issues an earnings release or material news or a material event relating to the Company occurs or announces that it will issue an earnings release, in each case, during the last seventeen (17) days of the restricted period), subject to all restrictions and exceptions as the Company and such managing underwriters may agree to for employee-stockholders generally.  In order to enforce the foregoing, the Company shall have the right to impose, or direct any third party administering the Plan to impose, stop transfer instructions with respect to the Shares until the end of such restricted period.
7.Notification of Disposition Requirement (For U.S. Taxpayers Only).  If an Employee is a U.S. taxpayer, Employee understands that if he or she disposes of any Shares that he or she purchased under the Plan within two (2) years after the Offering Start Date (the first day of the Offering Period during which he or she purchased such Shares) or one (1) year after the applicable Purchase Date, he or she will be treated for federal income tax purposes as having received ordinary income at the time of such disposition in an amount equal to the excess of the fair market value of the Shares at the time such Shares were purchased over the price paid for the Shares.  If an Employee is a U.S. taxpayer, Employee hereby agrees to notify the Company in writing within thirty (30) days after the date of any disposition of such Shares and to make adequate provision for federal, state or other tax withholding obligations, if any, that arise upon the disposition of such Shares.  The Company and any Employer may, but will not be obligated to, withhold from Employee’s compensation the amount necessary to meet any applicable withholding obligation including any withholding necessary to make available to the Company or any Employer any tax deductions or benefits attributable to Employee’s sale or disposition of such Shares.  If an Employee is a U.S. taxpayer, Employee understands that if he 
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ESPP Subscription Agreement    

or she disposes of such Shares at any time after the expiration of the two (2)-year and one (1)-year holding periods, he or she will be treated for federal income tax purposes as having received income only at the time of such disposition, and that such income will be taxed as ordinary income only to the extent of an amount equal to the lesser of (i) the excess of the fair market value of the Shares at the time of such disposition over the Purchase Price paid for the Shares, or (ii) fifteen percent (15%) of the fair market value of the Shares on the first day of the Offering Period.  The remainder of the gain, if any, recognized on such disposition will be taxed as capital gain.
8.Effectiveness of Agreement.  Employee understands that this Subscription Agreement applies to the first Offering Period that begins after the date Employee enrolls in the Plan and will remain in effect for each successive Offering Period unless Employee makes a change to the authorized level of payroll deductions (in which case such new level will continue in effect as aforesaid), withdraws from the Plan or becomes ineligible to participate in the Plan, except that if this Subscription Agreement is accepted within 30 days following the Registration Date, or such earlier deadline as management may announce (such period, the “Initial Enrollment Period”), it will apply to the first Offering Period under the Plan.  Notwithstanding the foregoing, Employee’s participation in any successive Offering Period will be governed by the terms and conditions of the Plan and the Company’s form of Subscription Agreement in effect at the beginning of any such Offering Period, subject to Employee’s right to withdraw from the Plan according to the withdrawal procedures in effect at such time.
9.Taxes.
(a)Responsibility for Taxes.  Employee acknowledges that, regardless of any action taken by the Company and/or, if different, the Employer, the ultimate liability for all income tax, social insurance, payroll tax, fringe benefits tax, payment on account or any other tax-related items related to Employee’s participation in the Plan and legally applicable or deemed applicable to Employee (“Tax-Related Items”) is and remains Employee’s responsibility and may exceed the amount, if any, withheld by the Company or the Employer.  Employee further acknowledges that the Company and the Employer (i) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the right to purchase Shares or the underlying Shares, including, but not limited to, the grant or exercise of the right to purchase Shares, the purchase of Shares, the issuance of Shares upon such purchase, the sale of Shares acquired under the Plan or the receipt of any dividends paid on the Shares; and (ii) do not commit and are under no obligation to structure the terms of the grant or any aspect of Employee’s participation in the Plan to reduce or eliminate Employee’s liability for Tax-Related Items or achieve any particular tax result.  Further, if Employee is subject to Tax-Related Items in more than one jurisdiction, Employee acknowledges that the Company and/or the Employer (or former employer, as applicable) may be required to withhold or account for Tax-Related Items in more than one jurisdiction.  
(b)Tax Withholding.  Prior to the relevant taxable or tax withholding event, as applicable, Employee agrees to make adequate arrangements satisfactory to the Company and/or the Employer to satisfy any withholding obligations the Company or the Employer may have 
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ESPP Subscription Agreement    

for Tax-Related Items.  In this regard, Employee authorizes the Company and/or the Employer, as applicable, and their respective agents, at their discretion, to satisfy any withholding obligation for Tax-Related Items by one or a combination of the following:
(i)withholding from Employee’s wages or other cash compensation payable to Employee by the Company and/or the Employer;
(ii)requiring Employee to tender a cash payment to the Company or the Employer;
(iii)withholding from proceeds of the sale of Shares acquired upon purchase, either through a voluntary sale or through a mandatory sale arranged by the Company (on Employee’s behalf pursuant to this authorization without further consent);
(iv)withholding from the Shares to be issued upon purchase; or
(v)any other method acceptable to the Company and, to the extent required by Applicable Laws or the Plan, approved by the Administrator;
(vi)and in each case, under such rules as may be established by the Administrator and in compliance with the Company’s insider trading policy and 10b5-1 trading plan policy, if applicable.
The Company may withhold or account for Tax-Related Items by considering minimum statutory withholding rates or other applicable withholding rates, including up to the maximum applicable rate for Employee’s jurisdiction(s).  If the maximum applicable rate for Employee’s jurisdiction(s) is used in connection with the withholding methods described in (iii) or (iv) above, Employee may receive a refund of any over-withheld amount in cash and will have no entitlement to the equivalent amount in Shares.  If the withholding obligation for Tax-Related Items is satisfied by withholding in Shares as described in (iv) above, for tax purposes, Employee will be deemed to have received the full number of Shares, notwithstanding that a number of the Shares are held back solely for the purpose of satisfying the Tax-Related Items.
The Company may refuse to deliver the Shares or the proceeds of the sale of Shares, if Employee fails to comply with Employee’s obligations for Tax-Related Items.
10.Electronic Delivery and Participation.  Employee acknowledges and understands that the Company may, in its sole discretion, deliver any documents related to Employee’s current or future participation in the Plan by electronic means and/or may request Employee’s consent to participate in the Plan by electronic means. Employee hereby consents to receive such documents by electronic delivery and to participate in the Plan through any on-line or electronic system established or maintained by the Company or another party designated by the Company.
11.Agreement to Plan Terms and Eligibility.  Employee hereby agrees to be bound by the terms of the Plan.  The effectiveness of this Subscription Agreement is dependent upon Employee’s eligibility to participate in the Plan.
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ESPP Subscription Agreement    

12.Data Privacy Consent.  Employee hereby declares that he or she agrees with the data processing practices described herein and consents to the collection, processing and use of Personal Data (as defined below) by the Company and the transfer of Personal Data to the recipients mentioned herein, including recipients located in countries which do not adduce an adequate level of protection from a European (or other non-U.S.) data protection law perspective, for the purposes described herein.
(a)Declaration of Consent.  Employee understands that he or she must review the following information about the processing of Personal Data by or on behalf of the Company or, if different, the Employer as described in this Subscription Agreement and any materials related to Employee’s eligibility to participate in the Plan and declare his or her consent.  As regards the processing of Employee’s Personal Data in connection with the Plan, Employee understands that the Company is the controller of his or her Personal Data.
(b)Data Processing and Legal Basis. The Company collects, uses and otherwise processes certain information about Employee for purposes of implementing, administering and managing the Plan.  Employee understands that this information may include, without limitation, Employee’s name, home address and telephone number, email address, date of birth, social insurance, passport or other identification number (e.g., resident registration number), salary, nationality, job title, any shares of stock or directorships held in the Company or its Affiliates, details of all equity awards or any other entitlement to Shares or equivalent benefits awarded, canceled, exercised, vested, unvested or outstanding in Employee’s favor (the “Personal Data”).  The legal basis for the processing of Employee’s Personal Data, where required, is Employee’s consent.
(c)Stock Plan Administration Service Providers.  Employee understands that the Company transfers his or her Personal Data, or parts thereof, to E*Trade Corporate Financial Services, Inc. and E*Trade Securities LLC (“E*Trade”), an independent service provider based in the U.S., which assists the Company with the implementation, administration and management of the Plan. In the future, the Company may select different service providers and share Employee’s Personal Data with such different service providers that serve the Company in a similar manner. The Company’s service providers will open an account for Employee to receive and trade Shares acquired under the Plan and Employee may be asked to agree on separate terms and data processing practices with the service provider, which is a condition of any ability to participate in the Plan.
(d)International Data Transfers. The Company and, as of the date hereof, any third parties assisting in the implementation, administration and management of the Plan, such as E*Trade, are based in the U.S. If Employee is located outside the U.S., Employee’s country may have enacted data privacy laws that are different from the laws of the U.S. The Company’s legal basis for the transfer of Personal Data is Employee’s consent.
(e)Data Retention. The Company will process Employee’s Personal Data only as long as is necessary to implement, administer and manage Employee’s participation in the Plan, or to comply with legal or regulatory obligations, including under tax, exchange control, labor and securities laws. In the latter case, Employee understands and acknowledges 
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ESPP Subscription Agreement    

that the Company’s legal basis for the processing of his or her Personal Data would be compliance with the relevant laws or regulations. When the Company no longer needs Personal Data for any of the above purposes, Employee understands that the Company will remove it from its systems.
(f)Voluntariness and Consequences of Denial/Withdrawal of Consent.  Employee understands that any participation in the Plan and Employee’s consent are purely voluntary.  Employee may deny or later withdraw his or her consent at any time, with future effect and for any or no reason.  If Employee denies or later withdraws his or her consent, the Company cannot offer participation in the Plan or grant equity awards to Employee or administer or maintain such awards, and Employee will not be eligible to participate in the Plan.  Employee further understands that denial or withdrawal of his or her consent would not affect Employee’s employment relationship and that Employee would merely forfeit the opportunities associated with the Plan.
(g)Data Subject Rights. Employee understands that data subject rights regarding the processing of personal data vary depending on Applicable Laws and that, depending on where Employee is based and subject to the conditions set out in the Applicable Laws, Employee may have, without limitation, the rights to (i) inquire whether and what kind of Personal Data the Company holds about Employee and how it is processed, and to access or request copies of such Personal Data, (ii) request the correction or supplementation of Personal Data about Employee that is inaccurate, incomplete or out-of-date in light of the purposes underlying the processing, (iii) obtain the erasure of Personal Data no longer necessary for the purposes underlying the processing, (iv) request the Company to restrict the processing of Employee’s Personal Data in certain situations where Employee feels its processing is inappropriate, (v) object, in certain circumstances, to the processing of Personal Data for legitimate interests, and to (vi) request portability of Employee’s Personal Data that he or she has actively or passively provided to the Company (which does not include data derived or inferred from the collected data), where the processing of such Personal Data is based on consent or Employee’s employment relationship and is carried out by automated means. In case of concerns, Employee also may have the right to lodge a complaint with the competent local data protection authority. Further, to receive clarification of, or to exercise any of, Employee’s rights, Employee understands he or she should contact his or her local human resources representative.
13.Nature of Offer.  By enrolling in the Plan, Employee acknowledges, understands, and agrees that:
(a)the Plan is established voluntarily by the Company, and it is discretionary in nature;
(b)the grant of the right to purchase Shares is exceptional, voluntary and occasional and does not create any contractual or other right to receive future grants of rights to purchase Shares, or benefits in lieu of rights to purchase Shares, even if rights to purchase Shares have been granted in the past;
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ESPP Subscription Agreement    

(c)all determinations with respect to future rights to purchase Shares or other grants or offers, if any, will be at the sole discretion of the Company;
(d)the right to purchase Shares and Employee’s participation in the Plan shall not create a right to employment or be interpreted as forming or amending an employment or service contract with the Company or the Employer, and shall not interfere with the ability of the Company, the Employer or any other Affiliate, as applicable, to terminate Employee’s employment relationship (if any) at any time;
(e)Employee’s participation in the Plan is voluntary;
(f)the right to purchase Shares and any Shares purchased under the Plan, and the income from and value of same, are not intended to replace any pension rights or compensation;
(g)the right to purchase Shares and any Shares purchased under the Plan, and the income from and value of same, are not part of normal or expected compensation or salary for any purpose, including but not limited to, calculating any severance, resignation, termination, redundancy, dismissal, end of service payments, bonuses, holiday pay, long-service awards, leave-related payments, pension or retirement or welfare benefits or other similar mandatory payments;
(h)unless otherwise agreed with the Company in writing, the right to purchase Shares and the underlying Shares, and the income from and value of same, are not granted as consideration for, or in connection with, the service Employee may provide as a director of an Affiliate of the Company; 
(i)the future value of the underlying Shares is unknown, indeterminable, and cannot be predicted with certainty;
(j)if Employee exercises the right to purchase Shares, the value of the Shares acquired upon exercise may increase or decrease, even below the Purchase Price;
(k)no claim or entitlement to compensation or damages shall arise from forfeiture of the right to purchase Shares under the Plan resulting from Employee’s ceasing to provide services to the Company or the Employer (regardless of the reason for the termination and whether or not the termination is later found to be invalid or in breach of employment laws in the jurisdiction where Employee is employed or the terms of Employee’s employment agreement, if any);
(l)for purposes of participation in the Plan, Employee’s status as an employee will be considered terminated as of the date Employee no longer is actively providing services to the Company, the Employer or any other Affiliate (regardless of the reason for such termination and whether or not later to be found invalid or in breach of employment laws in the jurisdiction where Employee is employed or the terms of his or her employment agreement, if any), and such date will not be extended by any notice period (e.g., Employee’s period of 
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ESPP Subscription Agreement    

employment would not include any contractual notice period or any period of “garden leave” or similar period mandated under employment laws in the jurisdiction where Employee is employed or the terms of his or her employment agreement, if any); the Administrator shall have the exclusive discretion to determine when Employee no longer is actively providing services for purposes of the Plan (including whether Employee may still be considered to be providing services while on a leave of absence); and
(m)neither the Company, nor the Employer, nor any other Affiliate of the Company will be liable for any foreign exchange rate fluctuation between Employee’s local currency and the United States dollar that may affect the value of the right to purchase Shares or any amounts due to Employee pursuant to the purchase of Shares or the subsequent sale of any Shares acquired under the Plan.
14.No Advice Regarding Grant.  The Company is not providing any tax, legal or financial advice, or making any recommendations regarding Employee’s participation in the Plan or the purchase or sale of the underlying Shares.  Employee understands that he or she should consult with a personal tax, legal and financial advisors regarding participation in the Plan before taking any action related to the Plan.
15.Insider Trading/Market Abuse Laws.  Employee acknowledges that, depending on the applicable jurisdictions, including the United States and Employee’s jurisdiction, Employee may be subject to insider trading restrictions and/or market abuse laws which may affect Employee’s ability to accept, acquire, sell or otherwise dispose of Shares, rights to Shares (e.g., rights to purchase Shares) or rights linked to the value of Shares during such times Employee is considered to have “inside information” regarding the Company as defined in the laws or regulations in the applicable jurisdictions.  Local insider trading laws and regulations may prohibit the cancellation or amendment of orders Employee placed before he or she possessed inside information.  Furthermore, Employee could be prohibited from (a) disclosing the inside information to any third party (other than on a “need to know” basis) and (b) “tipping” third parties or causing them otherwise to buy or sell securities. Keep in mind third parties includes fellow employees.  Any restrictions under these laws or regulations are separate from and in addition to any restrictions that may be imposed under any applicable insider trading policy of the Company.  Employee is responsible for complying with any restrictions and should speak to a personal advisor on this matter.
16.Foreign Asset/Account, Exchange Control, Tax Reporting and Other Requirements.  Depending on Employee’s country, Employee may be subject to foreign asset/account, exchange control and/or tax reporting requirements as a result of the right to purchase Shares, the acquisition, holding and/or transfer of Shares or cash resulting from participation in the Plan and/or the opening and maintaining of a brokerage or bank account in connection with the Plan.  Employee may be required to report such assets, accounts, account balances and values, and/or related transactions to applicable authorities in Employee’s country.  Employee also may be required to repatriate sale proceeds or other funds received as a result of his or her participation in the Plan to Employee’s country through a designated bank or broker and/or within a certain time after receipt.  Employee acknowledges that he or she is responsible for 
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ESPP Subscription Agreement    

ensuring compliance with any applicable foreign asset/account, exchange control and tax reporting and other requirements.  Employee further understands that he or she should consult personal tax and legal advisors, as applicable, on these matters.
17.Governing Law and Venue; Waiver of Jury Trial.  This Subscription Agreement is governed by the internal substantive laws but not the choice of law rules of the State of Delaware.  For purposes of litigating any dispute concerning the grant of the right to purchase Shares or this Subscription Agreement, Employee consents to the jurisdiction of the State of California and agrees that such litigation shall be conducted in the courts of San Mateo County, California, or the federal courts for the United States for the Northern District of California, and no other courts, where this agreement is made and/or to be performed.  EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY, IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THE PLAN OR THIS AGREEMENT.
18.Language.  Employee acknowledges that he or she is sufficiently proficient in English, or has consulted with an advisor who is sufficiently proficient in English, so as to enable Employee to understand the terms and conditions of this Subscription Agreement.  Furthermore, if Employee has received this Subscription Agreement, the Appendix and/or any other document related to the Plan translated into a language other than English and if the meaning of the translated version is different than the English version, the English version will control.
19.Severability.  The provisions of this Subscription Agreement, including the Appendix, are severable and if any provision is determined to be illegal or otherwise unenforceable, then such provision will be enforced to the maximum extent possible and the remaining provisions will be fully effective and enforceable.
20.Country-Specific Appendix.  Notwithstanding any provisions in this Subscription Agreement, the right to purchase Shares and participation in the Plan are subject to the additional terms and conditions set forth in the Appendix, including the terms and conditions of any sub-plan to the Plan applicable to Employee’s country.  Moreover, if Employee relocates to one of the countries located in the Appendix, the additional terms and conditions for such country will apply to Employee, to the extent the Company determines that the application of such terms and conditions is necessary or advisable for legal or administrative reasons.  The Appendix constitutes part of this Subscription Agreement.
21.Termination or Modification of the Plan; Imposition of Other Requirements.  The Company, at its option, may elect to terminate, suspend or modify the terms of the Plan at any time, to the extent permitted by the Plan.  Employee agrees to be bound by such termination, suspension or modification regardless of whether notice is given to Employee of such event, subject in any case to Employee’s right to timely withdraw from the Plan in accordance with the Plan withdrawal procedures then in effect.  The Company reserves the right to impose other requirements on Employee’s participation in the Plan, on the grant of the right to purchase Shares and on any Shares purchased under the Plan, to the extent the Company determines it is necessary or advisable for legal or administrative reasons, and to require Employee to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing.
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ESPP Subscription Agreement    

22.Waiver.  Employee acknowledges that a waiver by the Company of breach of any provision of this Subscription Agreement shall not operate or be construed as a waiver of any other provision of this Subscription Agreement, or of any subsequent breach by Employee or any other Eligible Employee.
23.Entire Agreement.  The Plan is incorporated herein by reference.  The Plan and this Subscription Agreement (including the Appendix and any other appendices and/or exhibits referenced herein) constitute the entire agreement of the parties with respect to the subject matter hereof and supersede in their entirety all prior undertakings and agreements of the Company and Employee with respect to the subject matter hereof.
EMPLOYEE UNDERSTANDS THAT THIS SUBSCRIPTION AGREEMENT WILL REMAIN IN EFFECT THROUGHOUT SUCCESSIVE OFFERING PERIODS UNLESS TERMINATED BY EMPLOYEE, OR UNLESS OTHERWISE TERMINATED PURSUANT TO THE PLAN.

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ESPP Subscription Agreement    

APPENDIX 
ROBINHOOD MARKETS, INC.
2021 EMPLOYEE SHARE PURCHASE PLAN
SUBSCRIPTION AGREEMENT
COUNTRY-SPECIFIC PROVISIONS FOR NON-U.S. EMPLOYEES

[This exhibit has been omitted pursuant to Rule 601(a)(5) of Regulation S-K.  
A copy of any omitted schedule or exhibit will be furnished to the SEC upon request.]

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ESPP Subscription Agreement    

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ESPP Subscription Agreement    

ROBINHOOD MARKETS, INC.
2021 EMPLOYEE SHARE PURCHASE PLAN
NOTICE OF WITHDRAWAL
By clicking the “WITHDRAW” (or similar wording) button on the Employee Share Purchase Plan screen of a Robinhood Markets, Inc. stock plan account on www.etrade.com, the holder of such account (the “Participant”) hereby irrevocably elects to withdraw from the Plan (as defined below) according to the following terms:
Terms used but not defined herein shall have the meanings ascribed to them in the Plan.
The Participant hereby notifies the Company that he or she hereby withdraws from the Offering Period currently in progress in which he or she is participating.  He or she hereby directs the Company or Employer to pay to the Participant as promptly as practicable all the payroll deductions credited to his or her account with respect to such Offering Period.  The Participant understands and agrees that his or her stock purchase right for such Offering Period will be terminated automatically.  The Participant further understands that this Notice of Withdrawal must be submitted at least two weeks prior to the next Purchase Date (or by such later deadline in advance of the Purchase Date as may be allowed by the Plan Administrator from time to time) in order to withdraw prior to any accumulated payroll deductions being used to automatically exercise the Participant’s right to purchase Shares under the Plan.  The Participant understands further that no further payroll deductions will be made for the purchase of Shares in the current Offering Period and the Participant will be eligible to participate in succeeding Offering Periods only by re-enrolling in the Plan pursuant to any subscription procedure that may be made available by the Company from time to time. 
ESPP Notice of Withdrawal

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