Amendment: SEC Form SC 13G/A filed by Robinhood Markets Inc.

Amendment: SEC Form SC 13G/A filed by Robinhood Markets Inc.

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SC 13G/A 1 d822234dsc13ga.htm SC 13G/A SC 13G/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. 2)*

ROBINHOOD MARKETS, INC.

(Name of Issuer)

CLASS A COMMON STOCK, $0.0001 PAR VALUE PER SHARE

(Title of Class of Securities)

770700102

(CUSIP Number)

SEPTEMBER 30, 2024

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)

☐ Rule 13d-1(c)

☒ Rule 13d-1(d)

*	The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).


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CUSIP No. 770700102		13G		Page 13 of 17 Pages


Item 1(a).	Name of Issuer:

	ROBINHOOD MARKETS, INC.

Item 1(b).	Address of Issuer’s Principal Executive Offices:

	85 Willow Road Menlo Park, CA 94025

Item 2.

(a) – (c)	Name of Persons Filing; Address; Citizenship

	This statement on Schedule 13(G) is being filed jointly by the following persons, collectively, the “Reporting Persons”:

		i.	Galileo (PTC) Limited
			Address: c/o Trident Trust Company (B.V.I.) Limited, Trident Chambers, P.O. Box 146, Road Town, Tortola, British Virgin Islands Citizenship: British Virgin Islands

		ii.	Cardew Services Limited
			Address: c/o Trident Trust Company (B.V.I.) Limited, Trident Chambers, P.O. Box 146, Road Town, Tortola, British Virgin Islands Citizenship: British Virgin Islands

		iii.	DST Global Advisors Limited
			Address: c/o Trident Trust Company (B.V.I.) Limited, Trident Chambers, P.O. Box 146, Road Town, Tortola, British Virgin Islands Citizenship: British Virgin Islands

		iv.	DST Managers V Limited
			Address: c/o Trident Trust Company (Cayman) Limited, One Capital Place, P.O. Box 847, Grand Cayman, KY1-1103, Cayman Islands Citizenship: Cayman Islands

		v.	DST Managers VI Limited
			Address: c/o Trident Trust Company (Cayman) Limited, One Capital Place, P.O. Box 847, Grand Cayman, KY1-1103, Cayman Islands Citizenship: Cayman Islands

		vi.	DST Managers VII Limited
			Address: c/o Trident Trust Company (Cayman) Limited, One Capital Place, P.O. Box 847, Grand Cayman, KY1-1103, Cayman Islands
			Citizenship: Cayman Islands

		vii.	DST Global V, L.P.
			Address: c/o Trident Trust Company (Cayman) Limited, One Capital Place, P.O. Box 847, Grand Cayman, KY1-1103, Cayman Islands
			Citizenship: Cayman Islands


CUSIP No. 770700102		13G		Page 14 of 17 Pages


		viii.		DST Investments XIX, L.P.
				Address: c/o Trident Trust Company (Cayman) Limited, One Capital Place, P.O. Box 847, Grand Cayman, KY1-1103, Cayman Islands
				Citizenship: Cayman Islands

		ix.		DST Global V Co-Invest, L.P.
				Address: c/o Trident Trust Company (Cayman) Limited, One Capital Place, P.O. Box 847, Grand Cayman, KY1-1103, Cayman Islands
				Citizenship: Cayman Islands

		x.		DST Global VI, L.P.
				Address: c/o Trident Trust Company (Cayman) Limited, One Capital Place, P.O. Box 847, Grand Cayman, KY1-1103, Cayman Islands
				Citizenship: Cayman Islands

		xi.		DST Global VII, L.P.
				Address: c/o Trident Trust Company (Cayman) Limited, One Capital Place, P.O. Box 847, Grand Cayman, KY1-1103, Cayman Islands
				Citizenship: Cayman Islands


Item 2(d).		Title of Class of Securities:

		Class A common stock, $0.0001 par value per share (“Class A Common Stock”)

Item 2(e).		CUSIP Number:

		770700102

Item 3.		Not applicable.

Item 4.		Ownership.

		The information required by this item with respect to each Reporting Person is set forth in Rows 5 through 9 and 11 of the cover page to this Schedule 13G. The ownership percentages reported are based on 762,910,826 Class A Common Shares outstanding as of August 2, 2024, as reported by the Issuer in its Form 10-Q filed with the Securities and Exchange Commission on August 8, 2024.

		DST Managers V Limited is the general partner of each of DST Global V, L.P., DST Investments XIX, L.P., DST Global V Co-Invest, L.P., and, as such, may be deemed to beneficially own the shares held directly by each of DST Global V, L.P., DST Investments XIX, L.P., DST Global V Co-Invest, L.P.

		DST Managers VI Limited is the general partner of DST Global VI, L.P., and, as such, may be deemed to beneficially own the shares held directly by DST Global VI, L.P.

		DST Managers VII Limited is the general partner of DST Global VII, L.P., and, as such, may be deemed to beneficially own the shares held directly by DST Global VII, L.P.


CUSIP No. 770700102		13G		Page 15 of 17 Pages


		DST Global Advisors Limited wholly owns DST Managers V Limited, DST Managers VI Limited and DST Managers VII Limited and, as such, may be deemed to beneficially own the shares beneficially owned by DST Managers V Limited, DST Managers VI Limited and DST Managers VII Limited.

		Cardew Services Limited wholly owns DST Global Advisors Limited and, as such, may be deemed to beneficially own the shares beneficially owned by DST Global Advisors Limited.

		Galileo (PTC) Limited wholly owns Cardew Services Limited and, as such, may be deemed to beneficially own the shares beneficially owned by Cardew Services Limited.

Item 5.		Ownership of Five Percent or Less of a Class.

		If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following ☒.

Item 6.		Ownership of More than Five Percent on Behalf of Another Person.

		Not applicable.

Item 7.		Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company.

		Not applicable.

Item 8.		Identification and Classification of Members of the Group.

		Not applicable.

Item 9.		Notice of Dissolution of Group.

		Not applicable.

Item 10.		Certification.

		Not applicable.


CUSIP No. 770700102		13G		Page 16 of 17 Pages

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: October 28, 2024

GALILEO (PTC) LIMITED

/s/ Despoina Zinonos

Name: Despoina Zinonos

Title: President

CARDEW SERVICES LIMITED

/s/ Despoina Zinonos

Name: Despoina Zinonos

Title: President

DST GLOBAL ADVISORS LIMITED

/s/ Despoina Zinonos

Name: Despoina Zinonos

Title: President

DST MANAGERS V LIMITED

/s/ Despoina Zinonos

Name: Despoina Zinonos

Title: President

DST MANAGERS VI LIMITED

/s/ Despoina Zinonos

Name: Despoina Zinonos

Title: President

DST MANAGERS VII LIMITED

/s/ Despoina Zinonos

Name: Despoina Zinonos

Title: President


CUSIP No. 770700102		13G		Page 17 of 17 Pages

DST GLOBAL V, L.P.

By: DST Managers V Limited, its General Partner

/s/ Despoina Zinonos

Name: Despoina Zinonos

Title: President

DST INVESTMENTS XIX, L.P.

By: DST Managers V Limited, its General Partner

/s/ Despoina Zinonos

Name: Despoina Zinonos

Title: President

DST GLOBAL V CO-INVEST, L.P.

By: DST Managers V Limited, its General Partner

/s/ Despoina Zinonos

Name: Despoina Zinonos

Title: President

DST GLOBAL VI, L.P.

By: DST Managers VI Limited, its General Partner

/s/ Despoina Zinonos

Name: Despoina Zinonos

Title: President

DST GLOBAL VII, L.P.

By: DST Managers VII Limited, its General Partner

/s/ Despoina Zinonos

Name: Despoina Zinonos

Title: President

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Date	Price Target	Rating	Analyst
11/18/2024	$40.00	Hold → Buy	Needham
9/6/2024	$18.00 → $20.00	Underweight → Equal Weight	Barclays
8/15/2024	$21.00 → $24.00	Hold → Buy	Deutsche Bank
8/12/2024	$20.00 → $23.00	Neutral → Overweight	Piper Sandler
8/5/2024	$18.00	Sell → Neutral	Citigroup
6/26/2024	$29.00	Peer Perform → Outperform	Wolfe Research
5/17/2024	$14.00 → $24.00	Underperform → Buy	BofA Securities
4/11/2024	$13.00 → $16.00	Neutral → Sell	Citigroup

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

Galileo (PTC) Limited

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ☐ (b) ☒

SEC USE ONLY

CITIZENSHIP OR PLACE OF ORGANIZATION

British Virgin Islands