<SEC-DOCUMENT>0001783879-21-000063.txt : 20211029
<SEC-HEADER>0001783879-21-000063.hdr.sgml : 20211029
<ACCEPTANCE-DATETIME>20211029211609
ACCESSION NUMBER:		0001783879-21-000063
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20211027
FILED AS OF DATE:		20211029
DATE AS OF CHANGE:		20211029

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Gallagher Daniel Martin Jr
		CENTRAL INDEX KEY:			0001705560

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-40691
		FILM NUMBER:		211365087

	MAIL ADDRESS:	
		STREET 1:		C/O ROBINHOOD MARKETS, INC.
		STREET 2:		85 WILLOW ROAD
		CITY:			MENLO PARK
		STATE:			CA
		ZIP:			94025

ISSUER:		

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

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

	MAIL ADDRESS:	
		STREET 1:		85 WILLOW STREET
		CITY:			MENLO PARK
		STATE:			CA
		ZIP:			94025
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
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<DESCRIPTION>FORM 4
<TEXT>
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    <periodOfReport>2021-10-27</periodOfReport>

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    <issuer>
        <issuerCik>0001783879</issuerCik>
        <issuerName>Robinhood Markets, Inc.</issuerName>
        <issuerTradingSymbol>HOOD</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001705560</rptOwnerCik>
            <rptOwnerName>Gallagher Daniel Martin Jr</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O ROBINHOOD MARKETS, INC.</rptOwnerStreet1>
            <rptOwnerStreet2>85 WILLOW ROAD</rptOwnerStreet2>
            <rptOwnerCity>MENLO PARK</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>94025</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Chief Legal Officer</officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

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            <transactionDate>
                <value>2021-10-27</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>M</transactionCode>
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                </transactionShares>
                <transactionPricePerShare>
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                </transactionShares>
                <transactionPricePerShare>
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                <transactionAcquiredDisposedCode>
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            <expirationDate>
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            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Class A Common Stock</value>
                </underlyingSecurityTitle>
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                </underlyingSecurityShares>
            </underlyingSecurity>
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                <transactionPricePerShare>
                    <value>0</value>
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                </transactionAcquiredDisposedCode>
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                <value>2027-06-16</value>
            </expirationDate>
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                    <value>Class A Common Stock</value>
                </underlyingSecurityTitle>
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                <transactionCode>M</transactionCode>
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                <transactionShares>
                    <value>83250</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
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            <exerciseDate>
                <footnoteId id="F5"/>
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            <expirationDate>
                <value>2027-09-03</value>
            </expirationDate>
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                <underlyingSecurityTitle>
                    <value>Class A Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>83250.0</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>915761</value>
                </sharesOwnedFollowingTransaction>
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            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
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        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Restricted stock units (&quot;RSUs&quot;) convert into Class A Common Stock on a one-for-one basis upon vesting and settlement.</footnote>
        <footnote id="F2">Represents shares withheld by Robinhood Markets, Inc. (&quot;Robinhood&quot;) to satisfy tax withholding obligations in connection with the vesting of 125,106 RSUs and does not represent a sale by the Reporting Person.</footnote>
        <footnote id="F3">On December 9, 2020, the Reporting Person was granted 270,968 RSUs under Robinhood's 2020 Equity Incentive Plan (the &quot;2020 Plan&quot;).  One-twelfth (1/12) of these RSUs were scheduled to vest on January 1, 2021, with the remainder scheduled to vest in eleven (11) equal quarterly installments thereafter, in each case subject to the reporting Person's continued service with Robinhood through the applicable vesting date and subject to accelerated vesting in certain circumstances.</footnote>
        <footnote id="F4">On June 16, 2020, the Reporting Person was granted 308,419 RSUs under the 2020 Plan. One-fourth (1/4) of these RSUs were scheduled to vest on May 12, 2021, with the remainder scheduled to vest in twelve (12) equal quarterly installments thereafter, in each case subject to the Reporting Person's continued service with Robinhood through the applicable vesting date and subject to accelerated vesting in certain circumstances.</footnote>
        <footnote id="F5">On September 3, 2020, the Reporting Person was granted 1,332,014 RSUs under the 2020 Plan. One-fourth (1/4) of these RSUs were scheduled to vest on May 12, 2021, with the remainder scheduled to vest in twelve (12) equal quarterly installments thereafter, in each case subject to the Reporting Person's continued service with Robinhood through the applicable vesting date and subject to accelerated vesting in certain circumstances.</footnote>
    </footnotes>

    <remarks></remarks>

    <ownerSignature>
        <signatureName>/s/ Christina Lai, attorney-in-fact for Daniel M. Gallagher, Jr.</signatureName>
        <signatureDate>2021-10-29</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
