Document:

Document

Exhibit 10.10

EXECUTION VERSION

VOTING AGREEMENT
This VOTING AGREEMENT (this “Agreement”) is entered into as of July 26, 2021, by and among (a) Baiju Bhatt and Vladimir Tenev (each, an “Individual Founder” and, together, the “Individual Founders”), (b) each Person (as defined below) listed on Schedule A hereto (each, a “Founder Affiliate” and, collectively, the “Founder Affiliates”) and (c) solely for purposes of Sections 3(c), 6, 7, 8 and 9, Robinhood Markets, Inc., a corporation organized and existing under the General Corporation Law of the State of Delaware (the “Company”).  The Individual Founders and the Founder Affiliates (including any Person that executes and delivers a Joinder Agreement (as defined below) in accordance with Section 7) from time to time party hereto are each referred to herein as a “Founder” and are collectively referred to herein as the “Founders”.
RECITALS
WHEREAS, on July 1, 2021, the Company filed with the U.S. Securities and Exchange Commission (the “SEC”) under the Securities Act of 1933, as amended, a registration statement on Form S-1 relating to the initial public offering of shares of Class A Common Stock, par value $0.0001 per share, of the Company (“Class A Common Stock”) by the Company and certain of its stockholders (the “IPO”);
WHEREAS, as of the effectiveness of this Agreement, each Founder then party hereto will hold of record or beneficially own shares of Class B Common Stock, par value $0.0001 per share, of the Company (“Class B Common Stock”); and
WHEREAS, each of the Founders and, solely for purposes of Sections 3(c), 6, 7, 8 and 9, the Company desires to enter into this Agreement to provide for certain voting agreements and certain other matters related to the Class A Common Stock and Class B Common Stock as set forth herein.
NOW, THEREFORE, in consideration of the premises and of the covenants and obligations contained herein, the parties hereto agree as follows:
1.Definitions. Unless the context otherwise requires, for the purposes of this Agreement, the following terms shall have the respective meanings ascribed to such terms below.
(a)“Applicable Voting Requirement” means, in any election of directors to the Board of Directors or on any proposal to remove one or more directors from the Board of Directors, with respect to any person other than an Individual Founder, (i) a vote with respect to the election or removal, as applicable, of such person in such manner (whether a vote “for” or “against”, or a vote of “withhold” or “abstain” or words of similar import that may not constitute a “vote” under the applicable voting standard required to elect the director nominee or remove the director, as applicable) as is mutually agreed by the Individual Founders prior to the Election and Removal Agreement Deadline and (ii) if the Individual Founders do not mutually agree prior to the Election and Removal Agreement Deadline on the manner to vote with respect to any such person, a vote in such manner (whether a vote “for” or “against”, or a vote of “withhold” or “abstain” or words of similar import that may not constitute a “vote” under the applicable voting standard required to elect the director nominee or remove the director, as applicable) as is recommended by the Nominating and Governance Committee; provided, however, that, effective upon the death or Disability of an Individual Founder, “Applicable Voting 

Requirement” shall mean a vote in such manner (whether a vote “for” or “against”, or a vote of “withhold” or “abstain” or words of similar import that may not constitute a “vote” under the applicable voting standard required to elect the director nominee or remove the director, as applicable) as is determined by the other Individual Founder in his sole discretion.
(b)“Board of Directors” means the Board of Directors of the Company.
(c)“Certificate of Incorporation” means the Amended and Restated Certificate of Incorporation of the Company, duly adopted in accordance with the General Corporation Law of the State of Delaware and filed with the Secretary of State of the State of Delaware on August 2, 2021, as it may be amended, modified, restated or supplemented from time to time.
(d)“Consent” means any consents of, or actions by or in respect of, or filings with, any Governmental Authority (including pursuant to Section 13 of the Securities Exchange Act of 1934, as amended, and the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended).
(e)“Disability” has the meaning ascribed to such term in the Certificate of Incorporation.
(f)“Election and Removal Agreement Deadline” means, for any annual or special meeting of stockholders of the Company, 11:59 p.m. Eastern Time on the date that is two business days prior to the date of such meeting.
(g)“Final Conversion Date” has the meaning ascribed to such term in the Certificate of Incorporation.
(h)“Founder Voting Shares” means, with respect to any Founder, the shares of Voting Stock held of record or beneficially owned by such Founder as of the date hereof or subsequently acquired and that such Founder is entitled to vote (or direct the voting of).
(i)“Governmental Authority” means any transnational, domestic or foreign federal, state or local governmental, regulatory or administrative authority, department, court agency or official, including any political subdivision thereof. 
(j)“Nominating and Governance Committee” means the Nominating and Governance Committee of the Board of Directors (or an equivalent independent committee of the Board of Directors authorized to nominate directors for election).
(k)“Permitted Transfer” has the meaning ascribed to such term in the Certificate of Incorporation.
(l)“Permitted Transferee” has the meaning ascribed to such term in the Certificate of Incorporation.
(m)“Person” means any natural person, corporation, limited liability company, unlimited liability company, trust, joint stock company, joint venture, association, company, 
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partnership (including a limited liability partnership), unincorporated organization or other entity.
(n)“Prohibited Action” means any action or transaction that, directly or indirectly, results in the conversion of shares of Class B Common Stock into shares of Class A Common Stock in accordance with the Certificate of Incorporation, but excluding (i) any Subject Transaction consummated in accordance with Section 4, (ii) any death or Disability and (iii) any action that results in the conversion of shares of Class B Common Stock into shares of Class A Common Stock pursuant to the definition of Final Conversion Date in the Certificate of Incorporation.
(o)“Subject Shares” means, with respect to any Subject Transaction, the shares of Class B Common Stock that would be converted into shares of Class A Common Stock in accordance with the Certificate of Incorporation as a result of such Subject Transaction.
(p)“Subject Transaction” means any Transfer of shares of Class B Common Stock that would result in the conversion of such shares of Class B Common Stock into shares of Class A Common Stock in accordance with the Certificate of Incorporation. 
(q)“Transfer” has the meaning ascribed to such term in the Certificate of Incorporation.
(r)“Voting Stock” means, collectively, the Class A Common Stock and the Class B Common Stock.
2.Agreement to Vote.
(a)Election of Directors.  In any election of directors to the Board of Directors, each Founder shall vote or cause to be voted in such election its Founder Voting Shares (i) with respect to any Individual Founder who has been duly nominated for election to the Board of Directors, “for” the election of such Individual Founder to the Board of Directors and (ii) with respect to any other person who has been duly nominated for election to the Board of Directors, in accordance with the Applicable Voting Requirement. 
(b)Removal of Directors.  With respect to any proposal to remove one or more directors from the Board of Directors, each Founder shall vote or cause to be voted on such proposal its Founder Voting Shares (i) with respect to any Individual Founder who is proposed to be removed from the Board of Directors, “against” the removal of such Individual Founder from the Board of Directors and (ii) with respect to any other person who is proposed to be removed from the Board of Directors, in accordance with the Applicable Voting Requirement.
(c)Additional Actions.  Each Founder agrees to take all necessary and appropriate action in order to ensure that all of its Founder Voting Shares are voted in accordance with Section 2(a) and 2(b), as applicable, including causing its Founder Voting Shares to be present in person or by proxy for purposes of constituting a quorum at the applicable annual or special meeting of stockholders of the Company. 
3.Irrevocable Proxy and Power of Attorney.  
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(a)Each Individual Founder and each Founder Affiliate of such Individual Founder (each, a “Granting Founder”) hereby irrevocably grants to, and appoints, in each case effective upon such Individual Founder’s death or Disability, the other Individual Founder as such Granting Founder’s proxy and attorney-in-fact (with full power of substitution), for and in the name, place and stead of such Granting Founder, to vote or cause to be voted (including by written consent, if applicable) all Founder Voting Shares of such Granting Founder, in the manner provided in Section 2 or, with respect to any matter not contemplated by Section 2, in such manner as is determined by such other Individual Founder in his sole discretion, on all matters submitted to a vote of stockholders of the Company (whether at an annual or special meeting of stockholders of the Company or through the written consent of stockholders of the Company, and whether submitted to any individual class of stock voting separately or multiple classes of stock voting together).  Each Granting Founder hereby affirms that the irrevocable proxy granted pursuant to this Section 3(a) is given in connection with the execution of this Agreement, including to secure the performance of the duties of such Granting Founder under Section 2.  Each Granting Founder hereby further affirms that the irrevocable proxy granted pursuant to this Section 3(a) is coupled with an interest and may under no circumstances be revoked.  Each Granting Founder hereby ratifies and confirms all that such proxy may lawfully do or cause to be done by virtue hereof.  Such irrevocable proxy is executed and intended to be irrevocable in accordance with the provisions of Section 212(e) of the General Corporation Law of the State of Delaware.  Notwithstanding the foregoing, the proxy and appointment granted by any Granting Founder pursuant to this Section 3(a) shall be automatically revoked, without any further action, upon the earliest to occur of (i) the termination of this Agreement with respect to such Granting Founder in accordance with Section 8, (ii) with respect to any Voting Stock of such Granting Founder, such Voting Stock ceasing to constitute Founder Voting Shares in compliance with this Agreement and (iii) the amendment of this Section 3(a) in accordance with Section 9(d) to remove the grant of such proxy and appointment. If at the time of such Individual Founder’s death or Disability, the other Individual Founder already holds the Granting Founder’s proxy and already is appointed the Granting Founder’s attorney-in-fact pursuant to Section 3(b), this Section 3(a) and Section 3(b) shall be applied in a manner consistent with such other Individual Founder continuing to hold the Granting Founder’s proxy and to be appointed the Granting Founder’s attorney-in-fact until such proxy and appointment shall have been revoked pursuant to both this Section 3(a) and Section 3(b).
(b)Each Founder Affiliate of an Individual Founder may, but shall not be required to, elect at the time it becomes a party to this Agreement to irrevocably grant to, and appoint, such Individual Founder or the other Individual Founder (such Individual Founder or other Individual Founder so appointed, as the case may be, the “Specified Individual Founder”), as such Founder Affiliate’s proxy and attorney-in-fact (with full power of substitution), for and in the name, place and stead of such Founder Affiliate, to vote or cause to be voted (including by written consent, if applicable) all Founder Voting Shares of such Founder Affiliate, in the manner provided in Section 2 or, with respect to any matter not contemplated by Section 2, in such manner as is determined by such Specified Individual Founder in his sole discretion, on all matters submitted to a vote of stockholders of the Company (whether at an annual or special meeting of stockholders of the Company or through the written consent of stockholders of the Company, and 
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whether submitted to any individual class of stock voting separately or multiple classes of stock voting together).  Each Founder Affiliate hereby affirms that an irrevocable proxy granted pursuant to this Section 3(b) is given in connection with the execution of this Agreement, including to secure the performance of the duties of such Founder Affiliate under Section 2.  Each Founder Affiliate hereby further affirms that an irrevocable proxy granted pursuant to this Section 3(b) is coupled with an interest and may under no circumstances be revoked.  Each Founder Affiliate hereby ratifies and confirms all that such proxy may lawfully do or cause to be done by virtue hereof.  Such irrevocable proxy is executed and intended to be irrevocable in accordance with the provisions of Section 212(e) of the General Corporation Law of the State of Delaware.  Notwithstanding the foregoing, a proxy and appointment granted by any Founder Affiliate of an Individual Founder pursuant to this Section 3(b) shall be automatically revoked, without any further action, upon the earliest to occur of (i) the Specified Individual Founder’s death or Disability, (ii) the termination of this Agreement with respect to such Founder Affiliate in accordance with Section 8, (iii) with respect to any Voting Stock of such Founder Affiliate, such Voting Stock ceasing to constitute Founder Voting Shares in compliance with this Agreement and (iv) the amendment of this Section 3(b) in accordance with Section 9(d) to remove the grant of such proxy and appointment.  
(c)Notwithstanding the foregoing in this Section 3, no proxy and appointment granted pursuant to this Section 3 (in the case of Section 3(b), only if granted after the date of this Agreement) shall become effective unless and until any Consents that the Company determines in good faith and describes in reasonable detail in writing to the applicable Founder, within eight business days after receipt by the Company of written notice of (i) the death or Disability of the applicable Individual Founder if such proxy and appointment is pursuant to Section 3(a) or (ii) the applicable related Permitted Transfer in accordance with Section 7(c) if such proxy and appointment is pursuant to Section 3(b), are required with respect to such proxy and appointment have been made and obtained. 
4.Right of First Offer.
(a)Offer Notice.  Unless otherwise agreed by the Individual Founders, subject to Section 4(e), if any Individual Founder or any Founder Affiliate of such Individual Founder (each, a “Selling Founder”) proposes to Transfer any shares of Class B Common Stock in a Subject Transaction, the Selling Founder must first give to the other Individual Founder (the “Offeree Founder”) a written notice (the “ROFO Notice”),  which shall (i) state that the Selling Founder has a bona fide intention to Transfer its Subject Shares in a Subject Transaction, (ii) set forth the number of Subject Shares proposed to be Transferred by the Selling Founder in such Subject Transaction and the name of the proposed transferee, if known, (iii) set forth the price per Subject Share (the “Subject Transaction Price Per Share”) (provided, the Subject Transaction Price Per Share for any Subject Shares to be sold on the open market or to be donated, gifted or otherwise Transferred in a Transfer for no value shall be no less than the greater of the reported closing price for the shares of the Class A Common Stock of the Company on (x) the trading day immediately preceding the date of the ROFO Notice and (y) the trading day immediately preceding the date of the ROFO Acceptance) and the other material terms and conditions upon which it intends to Transfer such Subject Shares in such Subject Transaction and (iv) include a written offer to sell all or any portion of the Subject Shares of the Selling Founder to the 
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Offeree Founder at a price per share equal to the Subject Transaction Price Per Share (each, a “ROFO Offer”).  Each ROFO Offer shall constitute a valid, legally binding and enforceable offer by the Selling Founder to sell each of its Subject Shares to the Offeree Founder at the Subject Transaction Price Per Share and, upon delivery thereof, shall be irrevocable. Each ROFO Offer shall be open for acceptance by the Offeree Founder for a period of five business days after the ROFO Notice is given (the “ROFO Period”). 
(b)Acceptance of ROFO Offer.  By written notice to the Selling Founder given during the ROFO Period (the “ROFO Acceptance”), the Offeree Founder may elect to purchase all or any portion of the Subject Shares of the Selling Founder at a price per share equal to the Subject Transaction Price Per Share. The Offeree Founder may designate one or more other Founders, including any Person that would be a Permitted Transferee of any Founder if such Subject Shares were being Transferred to such Person by such Founder (provided that such Person executes and delivers a Joinder Agreement in accordance with Section 7), to purchase all or any portion of such Subject Shares in place of the Offeree Founder and, in such an event, the provisions of this Section 4(b) and Section 4(c) shall apply mutatis mutandis to such other Founders.
(c)ROFO Closing.  Any ROFO Acceptance in accordance with Section 4(b) shall set forth the date (which shall be no earlier than two and no later than seven business days after the date of such ROFO Acceptance) on which the sale of Subject Shares pursuant to Section 4(b) shall be consummated (the “ROFO Closing”).  At the ROFO Closing, the Selling Founder and the Offeree Founder shall execute such additional documents as the Offeree Founder reasonably requests in connection with such Transfer.
(d)Subject Transaction Closing.  If a ROFO Acceptance is not given during the ROFO Period in accordance with Section 4(b) with respect to any Subject Shares, the Selling Founder may Transfer such Subject Shares in the Subject Transaction described in the ROFO Notice, at a price per share not less than the Subject Transaction Price Per Share (provided, in the event the Subject Transaction is (i) a sale on the open market, the Subject Shares may be sold at prevailing market prices, or (ii) a donation, gift or other Transfer for no value, the Subject Shares may be donated, gifted or otherwise Transferred for no value) and on other terms and conditions no more favorable to the transferee of such Subject Shares than those set forth in the ROFO Notice (the “Subject Transaction Closing”) , within 60 calendar days after the ROFO Period (or, if longer, the duration of any Rule 10b5-1 trading plan under which the Subject Transaction may occur).  In the event that the Subject Transaction Closing is not consummated during such period, then the Selling Founder may not Transfer such Subject Shares in any Subject Transaction unless the Selling Founder first complies again with this Section 4. 
(e)Exception.  Notwithstanding the foregoing in this Section 4 or anything in Section 5, the right of first offer set forth in this Section 4 and the covenant set forth in Section 5 shall not apply to the Transfer, in one or more Subject Transactions, or the conversion, in one or more Prohibited Actions, of up to 20 million shares of Class B Common Stock (or such greater number of shares of Class B Common Stock as may be mutually agreed by the Individual Founders) (in each case, subject to adjustment for any stock dividend, stock split, combination of shares, recapitalization, reclassification or similar capital transaction following the date of this Agreement), in the aggregate for all such Transfers 
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and conversions, by any Individual Founder and, with the prior written consent of such Individual Founder, the Founder Affiliates of such Individual Founder.
5.Prohibited Actions.  Each Founder covenants and agrees that it shall not, directly or indirectly, authorize or take any Prohibited Action without the prior written consent of each of the Individual Founders.  
6.Regulatory Matters.  The Founders and the Company, as appropriate, shall use reasonable efforts to make and obtain any Consents, in each case necessary or advisable to be made or obtained for any matter that relates to, or arises from, this Agreement.
7.Permitted Transfers; Additional Parties; Void Transfers and Elections.  
(a)If any Founder proposes to Transfer any shares of Class B Common Stock in a Permitted Transfer, such Founder shall notify the Individual Founders of (i) the bona fide intention of such Founder to Transfer shares of Class B Common Stock in a Permitted Transfer and (ii) the number of such shares proposed to be transferred by such Founder in such Permitted Transfer and the name of the Permitted Transferee in such Permitted Transfer.  The Permitted Transferee shall notify the Company whether it will grant a proxy and appointment to an Individual Founder pursuant to Section 3(b) and, if so, identify such Individual Founder in such notification. No Transfer of shares of Class B Common Stock in a Permitted Transfer shall be permitted unless the Permitted Transferee (i) is a party to this Agreement or (ii) shall have executed a joinder to this Agreement, in substantially the form attached as Exhibit A (a “Joinder Agreement”), agreeing to be treated as a Founder Affiliate of the applicable Individual Founder, as set forth in such Joinder Agreement, and be bound by and subject to the terms of this Agreement as a Founder Affiliate of such applicable Individual Founder, and delivered such Joinder Agreement to the Individual Founders and the Company.  
(b)If the spouse of any Founder is not a party to this Agreement and possesses or obtains an interest in such Founder’s shares of Class B Common Stock, including by reason of the application of the community property laws of any jurisdiction, such Founder shall promptly cause such spouse to (i) execute a Joinder Agreement agreeing to be treated as a Founder Affiliate of the applicable Individual Founder, as set forth in such Joinder Agreement, and be bound by and subject to the terms of this Agreement as a Founder Affiliate of such applicable Individual Founder, and (ii) deliver such Joinder Agreement to the Individual Founders and the Company.    
(c)Notwithstanding anything in this Agreement to the contrary, any attempt by a Founder to Transfer any shares of Class B Common Stock (including any such Transfer pursuant to Section 4), or to elect to convert shares of Class B Common Stock into shares of Class A Common Stock, shall be null and void and shall have no force or effect, and the Company may not, and may cause its transfer agent not to, give any effect to such attempted Transfer or election, in each case unless and until (i) such Founder has notified the Individual Founders and the Company in writing of such attempted Transfer or election at least five business days prior to the consummation thereof (provided that, in the case of an attempted Transfer pursuant to Section 4, this notice requirement shall be deemed satisfied by the delivery of a ROFO Notice with a copy to the Company), (ii) (A) 
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such Founder consummates such attempted Transfer or election in accordance with the terms of this Section 7 and Sections 4 and 5, as applicable (including as permitted by Section 4(b)), or (B) such attempted Transfer or election is mutually agreed by the Individual Founders in writing in advance and (iii) any Consents that the Company determines in good faith and describes in reasonable detail in writing to such Founder, within eight business days after receipt of the notification described in clause (i), are required with respect to such attempted Transfer or election, or any related grant of a proxy or appointment of an attorney-in-fact pursuant to Section 3, have been made and obtained.  
8.Effectiveness and Termination. This Agreement shall be conditioned upon, and shall become effective as of immediately prior to, the effectiveness of the Form 8-A to be filed by the Company with the SEC in connection with the IPO.  This Agreement, and all rights and obligations of the parties hereunder, shall terminate and shall have no further force or effect (a) with respect to any Founder Affiliate, upon such Founder Affiliate ceasing to hold of record or beneficially own, in compliance with this Agreement, any Voting Stock and (b) with respect to all Founders and the Company, upon the earliest to occur of (i) the effective date of any mutual written agreement of the Individual Founders to terminate this Agreement and (ii) the Final Conversion Date; provided, however, that (1) no such termination shall relieve any party hereto from liability, or otherwise limit the liability of a party hereto, for any breach of this Agreement prior to such termination and (2) this Section 8 and Sections 6 and 9 shall survive any such termination.  In addition, if the closing of the IPO has not occurred by December 1, 2021, this Agreement shall terminate and shall have no further force or effect.
9.Miscellaneous and General.
(a)Interpretation.  When a reference is made in this Agreement to a Section, Schedule or Exhibit, such reference shall be to a Section, Schedule or Exhibit of this Agreement unless otherwise indicated. The headings herein are for convenience of reference only, do not constitute part of this Agreement and shall not be deemed to limit or otherwise affect any of the provisions hereof. Unless the context otherwise requires: (i) whenever the words “include,” “includes” or “including” are used in this Agreement, they shall be deemed to be followed by the words “without limitation”, (ii) the words “hereto,” “hereof,” “herein” and “hereunder” and words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement, (iii) the word “will” shall be construed to have the same meaning and effect as the word “shall”, (iv) the terms defined in the singular have a comparable meaning when used in the plural and vice versa, (v) any pronoun used in this Agreement shall include the corresponding masculine, feminine and neutral forms, (vi) the term “or” is not exclusive and has the meaning represented by the phrase “and/or” and (vii) all references in this Agreement to any statute include the rules and regulations promulgated thereunder, in each case as amended, re-enacted, consolidated or replaced from time to time and in the case of any such amendment, re-enactment, consolidation or replacement, reference herein to a particular provision shall be read as referring to such amended, re-enacted, consolidated or replaced provision and also include, unless the context otherwise requires, all applicable guidelines, bulletins or policies made in connection therewith.  The parties hereto have participated jointly and were adequately represented by counsel in the arm’s-length negotiation and drafting of this Agreement and, in the event an 
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ambiguity or question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by such parties and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any of the provisions of this Agreement.
(b)Shares.  Each Founder expressly agrees that the terms and restrictions of this Agreement shall apply to all Voting Stock or Class B Common Stock, as applicable, and all corresponding interests in any successor in interest of the Company, which such Founder holds of record or beneficially owns from time to time (including as a result of any purchase, assignment, conversion or exercise of any stock option, warrant or other right, the settlement of any restricted stock unit or as a result of any stock dividend, stock split, combination of shares, recapitalization, reclassification or similar capital transaction).
(c)Legends.  Any certificates representing any shares of Class B Common Stock held of record or beneficially owned by a Founder shall, in addition to such other legends as may be required, have endorsed thereon a legend substantially to the following effect:
“THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO A VOTING AGREEMENT, WHICH PLACES CERTAIN RESTRICTIONS ON SUCH SECURITIES, INCLUDING ON (I) THE VOTING OF SUCH SECURITIES (INCLUDING THE GRANT OF IRREVOCABLE PROXIES), (II) TRANSFERS OF SUCH SECURITIES AND (III) ACTIONS OR TRANSACTIONS THAT WOULD RESULT IN THE CONVERSION OF SUCH SECURITIES INTO SHARES OF CLASS A COMMON STOCK.  A COPY OF THE VOTING AGREEMENT MAY BE OBTAINED FROM THE ISSUER UPON REQUEST.”
(d)Amendments; Waivers; Etc. This Agreement may not be amended, changed, supplemented, waived or otherwise modified, except upon the execution and delivery of a written agreement executed by each of the Individual Founders; provided, however, that (i) any amendment, change, supplement, waiver or other modification of this Agreement that would adversely affect the rights or obligations of any other Founder hereunder in any material respect shall not be effective without the affirmative consent of such Founder and (ii) any amendment, change, supplement, waiver or other modification of this Agreement that would increase the obligations of the Company under Section 3(c), 6, 7, 8 or 9 in any material respect shall not be effective without the affirmative consent of the Company.  An amendment, change, supplement, waiver or other modification of this Agreement effected in accordance with this Section 9(d) shall be binding upon each of the Founders and the Company and each of their respective successors and permitted assigns.  To the extent this Agreement is amended, changed, supplemented or otherwise modified, the Individual Founders will promptly provide a copy of this Agreement, as so amended, changed, supplemented or otherwise modified, to their respective Founder Affiliates and to the Company.  No failure or delay by any party in exercising any right, power or privilege hereunder shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege.  The rights and remedies herein provided shall be cumulative and not exclusive of any rights or remedies provided by applicable law. 
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(e)Counterparts. This Agreement may be executed in any number of counterparts (including by facsimile or by attachment to electronic mail in portable document format (PDF)), with each such counterpart being deemed to be an original instrument, and all such counterparts shall together constitute the same agreement.
(f)Governing Law and Venue; Waiver of Jury Trial.
(i)THIS AGREEMENT SHALL BE INTERPRETED, CONSTRUED AND GOVERNED BY AND IN ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE, AND ANY CLAIM ARISING OUT OF OR RELATING TO THIS AGREEMENT AND THE TRANSACTIONS CONTEMPLATED HEREBY SHALL BE GOVERNED BY THE LAWS OF THE STATE OF DELAWARE, IN EACH CASE WITHOUT REGARD TO ANY CONFLICT OF LAW PRINCIPLES THEREOF THAT OTHERWISE WOULD RESULT IN THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION. In any action or proceeding between the parties arising out of or relating to this Agreement, each of the parties hereby (1) irrevocably and unconditionally consents and submits to the exclusive jurisdiction and venue of the Court of Chancery of the State of Delaware; (2) agrees that it will not attempt to deny or defeat such jurisdiction by motion or other request for leave from such court; and (3) agrees that it will not bring any such action or proceeding in any court other than the Court of Chancery of the State of Delaware or, if and only if the Court of Chancery of the State of Delaware dismisses any such action or proceeding for lack of subject matter jurisdiction, the federal district court for the District of Delaware, or, if and only if the federal district court for the District of Delaware dismisses any such action or proceeding for lack of subject matter jurisdiction, any other state court of the State of Delaware, and appellate courts thereof. Service of process, summons, notice or document to any party’s address and in the manner set forth in Section 9(g) shall be effective service of process for any such action or proceeding.
(ii)EACH PARTY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS AGREEMENT IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES, AND THEREFORE EACH SUCH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT SUCH PARTY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT. EACH PARTY CERTIFIES AND ACKNOWLEDGES THAT (1) NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER, (2) EACH SUCH PARTY UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER, (C) EACH SUCH PARTY MAKES THIS WAIVER VOLUNTARILY AND (D) EACH SUCH PARTY HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 9(f).
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(g)Notices. Notices, requests, instructions or other documents to be given under this Agreement shall be in writing and shall be deemed given, (i) on the date sent by e-mail of a PDF document if sent during normal business hours, and on the next business day if sent after normal business hours, (ii) when delivered, if delivered personally to the intended recipient and (iii) one business day later, if sent by overnight delivery via a national courier service (providing proof of delivery), and in each case, addressed to a party at the address for such party set forth on Schedule B (or to such other persons or addresses as may be designated in writing by the party to receive such notice as provided herein).
(h)Entire Agreement. This Agreement constitutes the entire agreement, and supersedes all other prior agreements, understandings, representations and warranties both written and oral, among the parties hereto, with respect to the subject matter hereof. 
(i)Parties in Interest; No Third-Party Beneficiaries. This Agreement shall inure solely to the benefit of each party hereto. This Agreement is not intended to, and does not, confer upon any Person other than the parties hereto any rights or remedies hereunder.
(j)Severability. The provisions of this Agreement shall be deemed severable and the invalidity or unenforceability of any provision shall not affect the validity or enforceability of the other provisions hereof.  If any provision of this Agreement, or the application thereof to any Person or any circumstance, is held to be invalid or unenforceable in any jurisdiction, (i) a suitable and equitable provision negotiated in good faith by the parties hereto shall be substituted therefor in order to carry out, so far as may be valid and enforceable, the intent and purpose of such invalid or unenforceable provision and (ii) the remainder of this Agreement and the application of such provision to other Persons or circumstances shall not, subject to clause (i) above, be affected by such invalidity or unenforceability, nor shall such invalidity or unenforceability affect the validity or enforceability of such provision, or the application thereof, in any other jurisdiction.
(k)Assignment. This Agreement shall not be assignable by operation of law or otherwise.  Any assignment shall be null and void.
(l)Specific Performance. The parties hereto acknowledge and agree that irreparable damage would occur and that the parties would not have any adequate remedy at law if any provision of this Agreement were not performed in accordance with its specific terms or were otherwise breached, and that monetary damages, even if available, would not be an adequate remedy therefor. It is accordingly agreed that each party hereto shall be entitled to an injunction or injunctions to prevent breaches of this Agreement and to enforce specifically the performance of the terms and provisions hereof, without proof of actual damages (and each party hereby waives any requirement for the security or posting of any bond in connection with such remedy), this being in addition to any other remedy to which such party is entitled at law or in equity.  The parties further agree not to assert that a remedy of specific enforcement is an unenforceable, invalid, contrary to applicable law or inequitable remedy for any reason, and not to assert that a remedy of monetary damages would provide an adequate remedy for any such breach or that any party hereto otherwise has an adequate remedy at law.
     11

(m)Valid and Binding Agreement.  The parties hereto acknowledge and agree that this Agreement is a valid and binding agreement, enforceable against each of the parties in accordance with its terms; that each party has been advised by counsel in the negotiation, execution and delivery of this Agreement; that no party will, directly or indirectly, contest the validity or enforceability of this Agreement on any grounds, including as being against public policy, as having been improperly induced or otherwise, whether by the initiation of any legal proceeding for such purpose or the intervention, participation or attempted intervention or participation in any manner in any other legal proceeding initiated by another person or otherwise; and that no party shall take, or cause any of its affiliates to take, any position or action contrary to the intent of this Agreement.
(n)Further Assurances. At any time or from time to time after the date hereof, each Founder and the Company shall do and perform, or cause to be done and performed, such further reasonable acts as may be reasonably necessary or reasonably requested by any Founder in order to carry out the intent and accomplish the purposes of this Agreement.
(o)Stockholder Capacity. Notwithstanding anything to the contrary, nothing in this Agreement shall limit or restrict any party from discharging any fiduciary duty, if any, and nothing herein shall be interpreted to the contrary.  This Agreement shall apply to each Founder solely in such Founder’s capacity as a holder or beneficial owner of voting securities of the Company. No Founder makes any agreement or understanding in this Agreement in such Founder’s capacity as a director or officer of the Company or any of its subsidiaries (if such Founder holds such office). 
(p)Death or Disability of an Individual Founder. Notwithstanding anything to the contrary, in the event of an Individual Founder’s death or Disability, any action requiring the consent or agreement of both Individual Founders under this Agreement (including any amendment, change, supplement, waiver or other modification of this Agreement pursuant to Section 9(d)) may be taken by the other Individual Founder, acting alone.
[Remainder of page intentionally left blank]
     12

    IN WITNESS WHEREOF, the undersigned have executed and caused to be effective this Agreement as of the date first written above.

                            /s/ Baiju Bhatt 
                            Name: Baiju Bhatt

    [Signature Page to Voting Agreement]

IN WITNESS WHEREOF, the undersigned have executed and caused to be effective this Agreement as of the date first written above.

                            /s/ Vladimir Tenev
                            Name: Vladimir Tenev

     [Signature Page to Voting Agreement]

IN WITNESS WHEREOF, the undersigned have executed and caused to be effective this Agreement as of the date first written above.

                                   /s/ Adrienne Sussman
                               Name: Adrienne Sussman

     [Signature Page to Voting Agreement]

     [Signature Page to Voting Agreement]

IN WITNESS WHEREOF, the undersigned have executed and caused to be effective this Agreement as of the date first written above.

The Baiju Prafulkumar Bhatt Living Trust, dated 11/30/17

                            By: /s/ Baiju Bhatt
                                    Name: Baiju Bhatt
                                    Title: Trustee

    [Signature Page to Voting Agreement]

IN WITNESS WHEREOF, the undersigned have executed and caused to be effective this Agreement as of the date first written above.

The Baiju Prafulkumar Bhatt Grantor Retained Annuity Trust, dated October 4, 2018

                            By: /s/ Baiju Bhatt
                                    Name: Baiju Bhatt
                                    Title: Trustee

     [Signature Page to Voting Agreement]

IN WITNESS WHEREOF, the undersigned have executed and caused to be effective this Agreement as of the date first written above.

The Baiju P. Bhatt 2021 GRAT Agreement, dated March 31, 2021

                            By: /s/ Baiju Bhatt
                                    Name: Baiju Bhatt
                                    Title: Trustee

     [Signature Page to Voting Agreement]

IN WITNESS WHEREOF, the undersigned have executed and caused to be effective this Agreement as of the date first written above.

The Baiju P. Bhatt 2021 Family Trust Agreement, dated March 31, 2021

                            By: /s/ Baiju Bhatt
                                    Name: Baiju Bhatt
                                    Title: Trustee

     [Signature Page to Voting Agreement]

IN WITNESS WHEREOF, the undersigned have executed and caused to be effective this Agreement as of the date first written above.

                            /s/ Celina Tenev
                              Name: Celina Tenev

     [Signature Page to Voting Agreement]

IN WITNESS WHEREOF, the undersigned have executed and caused to be effective this Agreement as of the date first written above.

Butterfly Management LLC

                            By: /s/ Jed Clark
                                    Name: Jed Clark
                                    Title: Authorized Signor

     [Signature Page to Voting Agreement]

IN WITNESS WHEREOF, the undersigned have executed and caused to be effective this Agreement as of the date first written above.

Surfboard Management LLC

                            By: /s/ Jed Clark
                                    Name: Jed Clark
                                    Title: Authorized Signor

     [Signature Page to Voting Agreement]

IN WITNESS WHEREOF, the undersigned have executed and caused to be effective this Agreement as of the date first written above.

The Tenev 2017 Irrevocable Trust

                            By: /s/ Yasser Ansari
                                    Name: Yasser Ansari
                                    Title: Trustee

     [Signature Page to Voting Agreement]

IN WITNESS WHEREOF, the undersigned have executed and caused to be effective this Agreement as of the date first written above.

ROBINHOOD MARKETS, INC, solely for purposes of Sections 3(c),  6, 7, 8 and 9

                            By: /s/ Jason Warnick
                                    Name: Jason Warnick
                                    Title: Chief Financial Officer
     [Signature Page to Voting Agreement]

Schedule A

Initial Founder Affiliates

Initial Founder Affiliates of Baiju Bhatt

Adrienne Sussman
The Baiju Prafulkumar Bhatt Living Trust, dated 11/30/17
The Baiju Prafulkumar Bhatt Grantor Retained Annuity Trust, dated October 4, 2018
The Baiju P. Bhatt 2021 GRAT Agreement, dated March 31, 2021
The Baiju P. Bhatt 2021 Family Trust Agreement, dated March 31, 2021

Initial Founder Affiliates of Vladimir Tenev

Celina Tenev
Butterfly Management LLC
Surfboard Management LLC
The Tenev 2017 Irrevocable Trust
     Schedule A – 1

Schedule B

Notice Information

If to Baiju Bhatt or any of his Founder Affiliates:
Baiju Bhatt
[address]

With a copy (which shall not constitute notice) to:
Munger, Tolles & Olson LLP
[address]

If to Vladimir Tenev or any of his Founder Affiliates:
Vladimir Tenev
[address]

With a copy (which shall not constitute notice) to:
Munger, Tolles & Olson LLP
[address]

If to the Company:

Robinhood Markets, Inc.
85 Willow Road
Menlo Park, California 94025
Attention: Office of the Corporate Secretary

    With a copy (which shall not constitute notice) to:
        Cravath, Swaine & Moore LLP
        [address]

     Schedule B – 1

Exhibit A

Form of Joinder Agreement

The undersigned is executing and delivering this Joinder Agreement pursuant to the Voting Agreement, dated as of July 26, 2021 (as it may be amended, modified, restated or supplemented from time to time, the “Voting Agreement”), by and among (a) Baiju Bhatt and Vladimir Tenev (together, the “Individual Founders”), (b) the Founder Affiliates (as defined in the Voting Agreement) from time to time party thereto and (c) solely for purposes of Sections 3(c),  6, 7, 8 and 9 thereof, Robinhood Markets, Inc., a corporation organized and existing under the General Corporation Law of the State of Delaware (the “Company”).  Capitalized terms used but not defined herein shall have the respective meanings ascribed to such terms in the Voting Agreement.

The undersigned hereby acknowledges that it has reviewed and understands the Voting Agreement.  By executing and delivering this Joinder Agreement to the Individual Founders and the Company, the undersigned hereby agrees to become a party to, be bound by and comply with the provisions of the Voting Agreement in the same manner as if the undersigned were an original signatory to the Voting Agreement, including the grant of irrevocable proxies by the undersigned pursuant to Section 3 of the Voting Agreement.  From and after the undersigned’s execution and delivery of this Joinder Agreement, the undersigned shall be deemed a Founder Affiliate of [NAME OF APPLICABLE INDIVIDUAL FOUNDER] for all purposes of the Voting Agreement.

Accordingly, the undersigned has executed and deliver this Joinder Agreement as of [DATE].

                            ______________________________
                            Signature of Founder Affiliate
    Exhibit A – 1Document

Exhibit 10.16

NOTICE OF RESTRICTED STOCK UNIT AWARD
ROBINHOOD MARKETS, INC.
2021 OMNIBUS INCENTIVE PLAN
    Unless otherwise defined herein, capitalized terms used in this Notice of Restricted Stock Unit Award (this “Notice of Grant”) shall have the same meanings ascribed 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 RSU 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 restricted stock units (“RSUs”), subject to the terms and conditions set forth in the Plan, this Notice of Grant and the Restricted Stock Unit Agreement attached hereto as Annex A, including the appendix thereto applicable to the Participant’s country (the “Appendix”) (together with the Restricted Stock Unit Agreement, the “RSU Agreement”).  Each RSU represents the right to receive one Share.  The RSUs shall be credited to a separate book-entry account maintained for the Participant on the books of the Company.
Participant Name:        See Platform

Address:        See Platform

Total Number of RSUs:        See Platform

Grant Date:        See Platform

Vesting Commencement Date:    See Platform

Vesting:  The RSUs shall become vested [vesting schedule to be specified by the Administrator at time of grant] (each such date, a “Vesting Date”); provided that the Participant remains continuously in active service with the Company or one of its Affiliates from the Grant Date through such Vesting Date.  Employment or service for only a portion of a vesting period prior to a Vesting Date, even if a substantial portion, will not entitle the Participant to any proportionate vesting or avoid or mitigate a termination of rights and benefits upon or following a termination of employment or services as provided below.
Settlement:  Except as otherwise provided herein, each vested RSU shall be settled in Shares as soon as practicable (and in no case more than seventy-four (74) days) after the applicable Vesting Date.
Termination of Service:
(a)Termination of Service due to Death or Disability.  If, on or prior to an applicable Vesting Date, the Participant’s service with the Company and its Affiliates terminates (i) due to the Participant’s Disability or (ii) due to the Participant’s death, then the RSUs that would have 
RSU Notice for Employees     1

otherwise become vested within two years following such termination shall vest in full as of the date of such termination.  Notwithstanding the foregoing, the maximum value of Awards and other awards granted pursuant to the 2020 Plan, the Company’s 2013 Stock Plan or any future equity plans that may be adopted by the Company that become vested and exercisable in the event of a termination due to the Participant’s Disability or death will not exceed $10 million in the aggregate, as determined by the Administrator in its sole discretion.  Any such RSUs that vest pursuant to this clause (a) shall be settled in Shares as soon as practicable (and in no case more than seventy-four (74) days) after such termination date.  For the avoidance of doubt, this clause (a) shall not apply to any death or Disability of the Participant occurring after the date of termination of the Participant’s service for any reason. 

(b)Other Termination of Service.  If, prior to the final Vesting Date, the Participant’s service with the Company and its Affiliates terminates for any reason other than as set forth in clause (a) above (including any termination of service by the Participant for any reason, or by the Company and its Affiliates with or without Cause), then all unvested RSUs shall be cancelled immediately after such termination and the Participant shall not be entitled to receive any payments with respect thereto. 

A transfer of the Participant’s employment or service from one business group, including corporate groups, or Affiliate of the Company to another business group or Affiliate of the Company shall not be considered a termination of the Participant’s service with the Company and its Affiliates.  The Participant’s service with the Company and its Affiliates shall be deemed to terminate as of the date the Participant is no longer actively providing services to the Company or any of its Affiliates (regardless of the reason for the termination and whether or not later found to be invalid or in breach of Applicable Laws or the terms of the Participant’s employment or other service agreement, if any) and shall not, subject to Applicable Laws, be extended by any required notice period (e.g., garden leave). 
Leaves of Absence:  
(a)     Vesting May be Paused during Leaves of Absence in Accordance with Company Policy.   Subject to compliance with all Applicable Laws, as determined by the Administrator in its sole discretion, in the event the Participant takes a bona fide leave of absence that was approved by the Company or its applicable Affiliate in writing or to which the Participant is entitled by Applicable Laws (an “Authorized Leave”), each Vesting Date that has not occurred as of the commencement of the Authorized Leave shall be delayed if and to the extent provided in the Company’s leave of absence and equity vesting policy as in effect from time to time (the “LOA Vesting Policy”) or as otherwise approved by the Administrator, but not beyond the maximum term of this RSU award (and any RSUs that have not vested when such maximum term is reached shall be automatically forfeited by the Participant) ; provided, however, that such Authorized Leave shall not extend beyond the length of a bona fide leave of absence as permitted under Section 409A of the Code.  For the avoidance of doubt, the LOA Vesting Policy may provide that vesting continues for a fixed portion of the Authorized Leave and is paused for the remainder of the Authorized Leave (and the fixed portion of such Authorized Leave during which vesting continues may differ as between different types of leave).
RSU Notice for Employees     2

(b)    Award Terminates at end of Authorized Leave unless Participant Returns to Work.  Subject to the immediately preceding paragraph (a), for purposes of the RSUs, the Participant’s service shall not be deemed terminated while the Participant is on an Authorized Leave.  However, the Participant’s service with the Company and its Affiliates shall be deemed to terminate at the end of such Authorized Leave unless the Participant promptly returns to active service.  The Administrator shall have the exclusive discretion to determine when the Participant is no longer actively providing services for purposes of the RSUs (including whether the Participant may still be considered to be providing services while on a leave of absence).
Maximum Term:  The maximum term of this RSU award is 10 years from the Grant Date.
No Dividends:  The Participant’s account shall not be credited with any Dividend Equivalents with respect to the RSUs (except as may be permitted by the Administrator with notice to the Participant).
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 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.  As to any RSUs that vest during such restricted period, the Company may, in its discretion and with notice to the Participant, delay settlement until a date that is no later than March 15 of the calendar year following the calendar year in which the RSU vests.
Miscellaneous:
The Participant understands that this Notice of Grant is subject to the terms and conditions of both the Plan and the RSU Agreement, each of which are incorporated herein by reference.  The Participant has received and has had an opportunity to review the Plan, the Company’s most recent prospectus that describes the Plan, and the RSU Agreement and agrees to be bound by all the terms and provisions of the Plan and the RSU 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 RSU Agreement, this Notice of Grant, account statements, prospectuses, prospectus supplements, annual and quarterly reports, 
RSU Notice for Employees     3

and all other communications and 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.  Furthermore, the Participant and the Company agree that this RSU is granted under and governed by the terms and conditions of the Plan, this Notice of Grant and the RSU Agreement.  

The Participant confirms acceptance of this award 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 RSU Agreement, and the Plan.
RSU Notice for Employees     4

NOTICE OF RESTRICTED STOCK UNIT AWARD 
(FOR NON-EMPLOYEE DIRECTORS)
ROBINHOOD MARKETS, INC.
2021 OMNIBUS INCENTIVE PLAN
    Unless otherwise defined herein, capitalized terms used in this Notice of Restricted Stock Unit Award (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 RSU 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 restricted stock units (“RSUs”), subject to the terms and conditions set forth in the Plan, this Notice of Grant and the Restricted Stock Unit Agreement attached hereto as Annex A, including the appendix thereto applicable to the Participant’s country (the “Appendix”) (together with the Restricted Stock Unit Agreement, the “RSU Agreement”).  Each RSU represents the right to receive one Share.  The RSUs shall be credited to a separate book-entry account maintained for the Participant on the books of the Company.  For the avoidance of doubt, any references in the RSU Agreement to an employer, an employment relationship or an employment agreement do not apply to the Participant and shall be interpreted accordingly.
Participant Name:        See Platform

Address:        See Platform

Total Number of RSUs:        See Platform

Grant Date:        See Platform

Vesting Commencement Date:    See Platform

Vesting:  The RSUs shall become vested [in 12 equal quarterly installments on the first day following each completed quarterly service period following the Vesting Commencement Date]1 [in four equal quarterly installments on the first day following each completed quarterly service period following the Vesting Commencement Date, except that the fourth quarterly vesting date shall occur no later than the day prior to the date of the regular annual meeting of the Company’s stockholders following the Vesting Commencement Date]2 [immediately on the Grant Date] 3 (each such date, a “Vesting Date”); provided that the Participant remains continuously in active service with the Company or one of its Affiliates from the Grant Date through such Vesting Date.

1 Note to Draft:  Include for initial director grants only.
2 Note to Draft:  Include for annual director grants only.
3 Note to Draft:  Include for grants in lieu of cash retainers where settlement is subject to a Deferral Election.
RSU Notice for Non-Employee Directors     1

Settlement:  Except as otherwise provided herein or as set forth in any valid Deferral Election (as defined in the Company’s Non-Employee Director Compensation Program) provided by the Participant to the Company, each vested RSU shall be settled in Shares as soon as practicable (and in no case more than seventy-four (74) days) after the applicable Vesting Date.
Termination of Service:  If, prior to the final Vesting Date, the Participant’s service with the Company and its Affiliates terminates for any reason, then all unvested RSUs shall be cancelled immediately after such termination and the Participant shall not be entitled to receive any payments with respect thereto.  Service for only a portion of a vesting period prior to a Vesting Date, even if a substantial portion, will not entitle the Participant to any proportionate vesting or avoid or mitigate a termination of rights and benefits upon or following a termination of services as provided herein.
No Dividends:  The Participant’s account shall not be credited with any Dividend Equivalents with respect to the RSUs (except as may be permitted by the Administrator with notice to the Participant).
Change in Control:  Notwithstanding any provision contained in this Notice of Grant, the Plan or the RSU Agreement to the contrary, if, prior to the applicable Vesting Date, a Change in Control occurs, the RSUs, to the extent unvested, shall vest in full.  Such vested RSUs shall be settled within thirty (30) days following such Change in Control. 
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 party administering the Plan to impose, stop transfer instructions with respect to the Shares until the end of such restricted period.  As to any RSUs that vest during such restricted period, the Company may, in its discretion and with notice to the Participant, delay settlement until a date that is no later than March 15 of the calendar year following the calendar year in which the RSU vests.
Miscellaneous:
The Participant understands that this Notice of Grant is subject to the terms and conditions of both the Plan and the RSU Agreement, each of which are incorporated herein by reference.  Participant has received and has had an opportunity to review the Plan, the RSU 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 RSU Agreement.  
RSU Notice for Non-Employee Directors     2

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 RSU 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 RSU Agreement, and the Plan.

						
	PARTICIPANT	ROBINHOOD MARKETS, INC.
	

    
[Participant Name]
	

By:      
Name:
Title:

		

RSU Notice for Non-Employee Directors     3

ANNEX A
RESTRICTED STOCK UNIT AGREEMENT
ROBINHOOD MARKETS, INC.
2021 OMNIBUS INCENTIVE PLAN
The Participant has been granted restricted stock units (“RSUs”), 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 Restricted Stock Unit Award (the “Notice of Grant”) and this Restricted Stock Unit Agreement, including the appendix hereto applicable to the Participant’s country (the “Appendix”) (together with this Restricted Stock Unit Agreement (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 or, if different and applicable, his or her employer (the “Employer”),  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 or the Employer. The Participant further acknowledges that the Company and/or the Employer (i) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the RSU or the underlying Shares, including, but not limited to, the grant, vesting or settlement of the RSU, the subsequent sale of Shares acquired pursuant to such settlement and the receipt of any dividends and/or Dividend Equivalents; and (ii) do not commit to and are under no obligation to structure the terms of the grant or any aspect of the RSU 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 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.

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

(b)Tax Withholding.  In this regard, the Participant authorizes the Company, the Employer 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:

RSU Agreement    A-1

(i)withholding from the Participant’s wages or other cash compensation payable to the Participant by the Company or its Affiliates;

(ii)withholding Shares that otherwise would be issued to the Participant when the Participant’s RSUs are settled;

(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 RSUs or any Dividend Equivalents (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.
RSU Agreement    A-2

(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 Company or, if different, the Employer 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.
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(f)Voluntariness and Consequences of Denial/Withdrawal of Consent.  The Participant understands that any participation in the Plan and the Participant’s consent are 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 employment or other 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 employment or other 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 not be deemed for any purpose, nor have any of the rights or privileges of, a stockholder of the Company in respect of any Shares underlying the RSUs unless, until and to the extent that (a) the Company shall have issued and delivered to the Participant the Shares underlying the vested RSUs and (b) the Participant’s name shall have been entered as a stockholder of record with respect to such Shares on the books of the Company.  The Company shall cause the actions described in clauses (a) and (b) of the preceding sentence to occur promptly following settlement 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 
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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 acknowledges that the RSUs and any Shares acquired upon settlement of the RSUs are subject to provisions of the Plan under which, in certain circumstances, an adjustment may be made to the number of the RSUs and any Shares acquired upon settlement of the RSUs.

5.Compliance with Applicable Laws.  The granting and settlement of the RSUs, 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 RSUs 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 RSUs 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 the RSUs is exceptional, voluntary and occasional and does not create any contractual or other right to receive future grants of RSUs, or benefits in lieu of RSUs, even if RSUs have been granted in the past; 

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

(d)the RSUs grant 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 RSU and the Shares subject to the RSU, and the income from and value of same, are not intended to replace any pension rights or compensation; 

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(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 RSU and the Shares subject to the RSU, and the income from and value of same, are not part of normal or expected compensation for purposes of, including but not limited to, calculating any severance, resignation, termination, redundancy, dismissal, end-of-service payments, bonuses, holiday pay, long-service awards, pension or retirement or welfare benefits or similar payments; 

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

(j)no claim or entitlement to compensation or damages shall arise from forfeiture of the RSUs resulting from the termination of the Participant’s employment or service (for any reason whatsoever, whether or not later found to be invalid or in breach of employment laws in the jurisdiction where the Participant is employed or providing services, or the terms of his or her employment or other service agreement, if any), or pursuant to Section 7 of this Agreement; and

(k)neither the Company, the Employer 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 RSUs or of any amounts due to the Participant pursuant to the settlement of the RSUs or the subsequent sale of any Shares acquired upon settlement.

7.Clawback.  The RSUs and/or the Shares acquired upon settlement of the RSUs 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)Transferability.  The RSUs may not be assigned, alienated, pledged, attached, sold or otherwise transferred or encumbered (a “Transfer”) by the Participant other than by will or by the laws of descent and distribution, pursuant to a qualified domestic relations order or as otherwise permitted under the Plan.  Any attempted Transfer of the RSUs contrary to the provisions hereof, and the levy of any execution, attachment or similar process upon the RSUs, shall be null and void and without effect.  

(b)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. 

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(c)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.

(d)Section 409A.  The RSUs are intended to be exempt from, or compliant with, Section 409A of the Code and shall be interpreted accordingly.  Notwithstanding the foregoing or any provision of the Plan or this Agreement, if any provision of the Plan or this Agreement contravenes Section 409A of the Code or could cause the Participant to incur any tax, interest or penalties under Section 409A of the Code, the Administrator may, in its sole reasonable discretion and without the Participant’s consent, modify such provision to (i) comply with, or avoid being subject to, Section 409A of the Code, or to avoid the incurrence of taxes, interest and penalties under Section 409A of the Code, and (ii) maintain, to the maximum extent practicable, the original intent and economic benefit to the Participant of the applicable provision without materially increasing the cost to the Company or contravening the provisions of Section 409A of the Code. This Section 8(d) does not create an obligation on the part of the Company to modify the Plan or this Agreement and does not guarantee that the RSUs or the Shares underlying the RSUs will not be subject to interest and penalties under Section 409A of the Code.  Notwithstanding anything to the contrary in the Plan or this Agreement, to the extent that the Participant is a “specified employee” (within the meaning of the Company’s established methodology for determining “specified employees” for purposes of Section 409A of the Code), payment or distribution of any amounts with respect to the RSUs that are subject to Section 409A of the Code will be made as soon as practicable following the first business day of the seventh month following the Participant’s “separation from service” (within the meaning of Section 409A of the Code) from the Company and its Affiliates, or, if earlier, the date of the Participant’s death.

(e)General Assets.  All amounts credited in respect of the RSUs to the book-entry account under this Agreement shall continue for all purposes to be part of the general assets of the Company.  The Participant’s interest in such account shall make the Participant only a general, unsecured creditor of the Company.

(f)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:
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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 employed by or providing services to the Company or any of its Affiliates.
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.
(g)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. 

(h)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.  

(i)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.

(j)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.

(k)Country-Specific Appendix. Notwithstanding any provisions in this Agreement, the RSU grant 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 
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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.

(l)Imposition of Other Requirements.  The Company reserves the right to impose other requirements on the Participant’s participation in the Plan, on the RSU and on any Shares acquired under the Plan, 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.

(m)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.

(n)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 Dividend Equivalents 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.

(o)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. 

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(p)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(p).

(q)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 Participant and the beneficiaries, executors, administrators, heirs and successors of the Participant. 

(r)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.

(s)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.

(t)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).

(u)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
RESTRICTED STOCK UNIT AGREEMENT
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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