'Robinhood' Director Makes Large Purchase of 770 Billion Won in a Week

Robinhood Markets, Inc. (HOOD) board member and Ribbit Capital founder Meyer Malka purchased additional Robinhood Class A common stock in multiple open-market transactions between May 28 and June 5, adding approximately $55 million (about KRW 770 billion) of shares through Ribbit-affiliated funds. During the same period, some of his previously granted RSUs vested and converted to common shares, and on June 2 he received new RSUs as his annual director compensation, bringing his direct and indirect holdings—including those held in funds, trusts, and LLCs—to over 7.7 million shares.

Recently, Robinhood has drawn analyst praise—Cantor Fitzgerald, for example, raised its price target to $110 (current share price around $85, market cap roughly KRW 76 trillion) based on ventures such as the “Rothera” joint venture with Susquehanna—and completed its acquisition of Canadian fintech firm WonderFi (investing.com). The company also introduced new products, including AI-based “agent trading” and an AI-integrated credit card, driving a sharp end-of-May share rally on those announcements as it seeks to transform into an AI- and automation-driven financial platform (axios.com).

Robinhood Markets, Inc. (HOOD), headquartered in California, is a mobile-first online brokerage that has rapidly grown its retail investor base by offering commission-free trading of stocks, options, and cryptocurrencies. Its revenues come from payment for order flow; trading fees on options, crypto, and equities; interest on cash and margin balances; and credit card and subscription services. Since the GameStop saga, it has become emblematic of the U.S. retail trading boom (en.wikipedia.org).