Sec Form 3 Filing - Index Ventures VI (Jersey) LP @ Robinhood Markets, Inc. - 2021-07-29

Insider filing report for Changes in Beneficial Ownership
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FORM 3
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Index Ventures VI (Jersey) LP
2. Issuer Name and Ticker or Trading Symbol
Robinhood Markets, Inc. [ HOOD]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
5TH FLOOR, 44 ESPLANADE
3. Date of Earliest Transaction (MM/DD/YY)
07/29/2021
(Street)
ST. HELIER, Y9JE1 3FG
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock ( 1 ) 3,140,180 I By Index Ventures Growth III (Jersey), L.P. ( 2 )
Common Stock ( 1 ) 2,552,640 D ( 3 )
Common Stock ( 1 ) 51,520 I By Index Ventures VI Parallel Entrepreneur Fund (Jersey) L.P. ( 4 )
Common Stock ( 1 ) 80,780 I By Yucca (Jersey) SLP ( 5 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Series A Redeemable Convertible Preferred Stock ( 6 ) ( 6 ) ( 6 ) Common Stock ( 1 ) 55,798,140 D ( 3 )
Series A Redeemable Convertible Preferred Stock ( 6 ) ( 6 ) ( 6 ) Common Stock ( 1 ) 1,126,280 I By Index Ventures VI Parallel Entrepreneur Fund (Jersey) L.P. ( 4 )
Series A Redeemable Convertible Preferred Stock ( 6 ) ( 6 ) ( 6 ) Common Stock ( 1 ) 720,560 I By Yucca (Jersey) SLP ( 5 )
Series B Redeemable Convertible Preferred Stock ( 6 ) ( 6 ) ( 6 ) Common Stock ( 1 ) 11,671,300 D ( 3 )
Series B Redeemable Convertible Preferred Stock ( 6 ) ( 6 ) ( 6 ) Common Stock ( 1 ) 235,580 I By Index Ventures VI Parallel Entrepreneur Fund (Jersey) L.P. ( 4 )
Series B Redeemable Convertible Preferred Stock ( 6 ) ( 6 ) ( 6 ) Common Stock ( 1 ) 150,720 I By Yucca (Jersey) SLP ( 5 )
Series C Redeemable Convertible Preferred Stock ( 6 ) ( 6 ) ( 6 ) Common Stock ( 1 ) 7,156,340 I By Index Ventures Growth III (Jersey), L.P. ( 2 )
Series C Redeemable Convertible Preferred Stock ( 6 ) ( 6 ) ( 6 ) Common Stock ( 1 ) 108,960 I By Yucca (Jersey) SLP ( 5 )
Tranche I Convertible Promissory Note $ 26.6 ( 8 ) ( 8 ) ( 7 ) Common Stock ( 1 ) 56,390 ( 1 ) ( 7 ) I By Yucca (Jersey) SLP ( 5 )
Tranche I Convertible Promissory Note $ 26.6 ( 8 ) ( 8 ) ( 7 ) Common Stock ( 1 ) 1,823,308 ( 1 ) ( 7 ) I By Index Ventures Growth V (Jersey) L.P. ( 9 )
Warrants to Purchase Stock $ 26.6 ( 8 ) ( 8 ) 02/12/2031 Common Stock ( 1 ) 8,458 I By Yucca (Jersey) SLP ( 5 )
Warrants to Purchase Stock $ 26.6 ( 8 ) ( 8 ) 02/12/2031 Common Stock ( 1 ) 273,496 I By Index Ventures Growth V (Jersey) L.P. ( 9 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Index Ventures VI (Jersey) LP
5TH FLOOR, 44 ESPLANADE
ST. HELIER, Y9JE1 3FG
X X
Index Ventures Growth III (Jersey), L.P.
5TH FLOOR, 44 ESPLANADE
ST. HELIER, Y9JE1 3FG
X X
Index Venture Growth Associates III Ltd
5TH FLOOR, 44 ESPLANADE
ST. HELIER, Y9JE1 3FG
X X
Index Ventures Growth V (Jersey), L.P.
5TH FLOOR, 44 ESPLANADE
ST. HELIER, Y9JE1 3FG
X X
Index Venture Associates V Ltd
5TH FLOOR, 44 ESPLANADE
ST. HELIER, Y9JE1 3FG
X X
Index Ventures VI Parallel Entrepreneur Fund (Jersey) LP
5TH FLOOR, 44 ESPLANADE
ST. HELIER, Y9JE1 3FG
X X
Index Venture Associates VI Ltd
5TH FLOOR, 44 ESPLANADE
ST. HELIER, Y9JE1 3FG
X X
Yucca (Jersey) SLP
5TH FLOOR, 44 ESPLANADE
ST. HELIER, Y9JE1 3FG
X X
Signatures
Index Ventures VI (Jersey) L.P., By: Index Venture Associates VI Limited, as Managing General Partner, By: /s/ Matthew Miles, Alternate Director 07/29/2021
Signature of Reporting Person Date
Index Ventures Growth III (Jersey), LP, By: Index Venture Growth Associates III Limited, as Managing General Partner, By: /s/ Matthew Miles, Alternate Director 07/29/2021
Signature of Reporting Person Date
Index Venture Growth Associates III Limited, By: /s/ Matthew Miles, Alternate Director 07/29/2021
Signature of Reporting Person Date
Index Ventures Growth V (Jersey), LP, By: Index Venture Growth Associates V Limited, as Managing General Partner, By: /s/ Matthew Miles, Alternate Director 07/29/2021
Signature of Reporting Person Date
Index Venture Growth Associates V Limited, By: /s/ Matthew Miles, Alternate Director 07/29/2021
Signature of Reporting Person Date
Index Ventures VI Parallel Entrepreneur Fund (Jersey) L.P., By: Index Venture Associates VI Limited, as Managing General Partner, By: /s/ Matthew Miles, Alternate Director 07/29/2021
Signature of Reporting Person Date
Index Venture Associates VI Limited, By: /s/ Matthew Miles, Alternate Director 07/29/2021
Signature of Reporting Person Date
Yucca (Jersey) SLP, By: Intertrust Employee Benefit Services Limited, as authorized signatory of Yucca (Jersey) SLP in its capacity as Administrator of the Index Co-Investment Scheme, By: /s/ Genesis Perez, /s/ Luke Aubert, Its: Auth. Signatories 07/29/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Immediately prior to closing of the Issuer's initial public offering ("IPO"), the shares of Series A Redeemable Convertible Preferred Stock, Series B Redeemable Convertible Preferred Stock and Series C Redeemable Convertible Preferred Stock (collectively, the "Preferred Stock") will automatically convert into shares of Common Stock. Immediately following such conversion but prior to closing of the IPO, the shares of Common Stock will be reclassified into Class A Common Stock on a one-for-one basis (the "Reclassification").
( 2 )The securities are held by Index Ventures Growth III (Jersey) L.P. ("Index Growth III"). Index Venture Growth Associates III Limited ("IVGA III") is the managing general partner of Index Growth III and disclaims Section 16 beneficial ownership of such shares except to the extent of its pecuniary interest therein, if any.
( 3 )The securities are held by Index Ventures VI (Jersey) L.P. ("Index VI"). Index Venture Associates VI Limited ("IVA VI") is the managing general partner of Index VI and disclaims Section 16 beneficial ownership of such shares except to the extent of its pecuniary interest therein, if any.
( 4 )The securities are held by Index Ventures VI Parallel Entrepreneur Fund (Jersey) L.P. ("Index VI Parallel"). IVA VI is the managing general partner of Index VI Parallel and disclaims Section 16 beneficial ownership of such shares except to the extent of its pecuniary interest therein, if any.
( 5 )The securities are held by Yucca (Jersey) SLP ("Yucca"). Yucca is the administrator of the Index co-investment vehicles that are contractually required to mirror the relevant Fund's investment in the issuer (in this case, Index Growth III, Index VI, Index VI Parallel and Index Growth V). Each of IVGA III, IVA VI and IVGA V disclaims Section 16 beneficial ownership of such shares except to the extent of their pecuniary interest therein, if any, and this report shall not be deemed an admission that such shares are beneficially owned by them for Section 16 or any other purpose.
( 6 )These shares of Preferred Stock are convertible into Common Stock at the option of the holder, and will automatically convert into the number of shares shown in column 3 immediately prior to closing of the IPO. The Preferred Stock has no expiration date.
( 7 )Following the conversion of the Preferred Stock and the Reclassification, the principal amount of the Convertible Note (together with accrued interest thereon) will convert upon the closing of the IPO into Class A Common Stock at a conversion price equal to $26.60. The Convertible Notes do not have a maturity date. The number of shares reported in Column 3 represents the principal amount divided by the conversion price, and the ultimate conversion amount will include additional shares representing accrued interest.
( 8 )The Convertible Notes and Warrants were initially issued on February 12, 2021 and contained various predetermined and automatic adjustment provisions contingent upon the occurrence of specified events. As a result of the IPO pricing, the ultimate conversion or exercise price, as applicable, became fixed at $26.60, contingent upon closing of the IPO. Upon closing of the IPO, the Warrants will become exercisable for shares of Class A Common Stock.
( 9 )The securities are held by Index Ventures Growth V (Jersey), L.P. ("Index Growth V"). Index Venture Growth Associates V Limited ("IVGA V") is the managing general partner of Index Growth V and disclaims Section 16 beneficial ownership of such shares except to the extent of its pecuniary interest therein, if any.

Remarks:
Jan Hammer, a Partner at Index Ventures, has been deputized to represent the Reporting Persons on the board of directors of the Issuer. By virtue of Mr. Hammer's representation, for purposes of Section 16 of the Securities Exchange Act of 1934, each of the Reporting Persons may be deemed directors by deputization of the Issuer. Mr. Hammer has filed a separate Section 16 report disclosing securities of the Issuer that he may be deemed to beneficially own for Section 16 purposes.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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