'Robinhood' Executive Bets 76 Billion Won on Company Stock

Director and Ribbit Capital founder Meyer Malka disclosed in a recent Form 4 filing that he purchased Class A common shares of Robinhood Markets, Inc. (NASDAQ: HOOD) in three open-market transactions between May 28 and June 5. The trades—approximately $20 million, $15.1 million and $20.18 million—totaled over $55 million (about KRW 76 billion) and markedly increased his indirect stake through funds, trusts and LLCs under his management. In the same filing, he also reported a small RSU vesting and new annual board-compensation RSU grants, while disclaiming beneficial ownership beyond economic interest for many of the indirectly held shares.

In its May 2026 operating metrics released on June 9, Robinhood reported month-over-month increases in funded accounts, total platform assets and trading volumes for stocks, options and event contracts, extending the recent expansion in user activity. At the end of May, the company introduced an “agent-based trading” feature, enabling user-configured AI agents to autonomously execute stock trades and credit card transactions, further accelerating its product-line expansion.

Headquartered in California, Robinhood is an online brokerage and fintech firm whose mobile app offers commission-free trading in stocks, options and cryptocurrencies, and which has been broadening its services to include deposits, credit cards and private-market investments. Malka, founder and managing partner of fintech-focused venture firm Ribbit Capital, has been an early investor in Robinhood since the early 2010s and joined its board in 2022, where he influences the company’s strategic direction and governance.