'Robinhood' Insider Bets 30 Billion Won…Massive Purchase Amid 3 Trillion Won Zero-Percent Convertible Bond Issuance

On June 5, Meyer Malka, an insider at Robinhood Markets, Inc. (NASDAQ: HOOD), purchased 250,000 Class A common shares on the U.S. stock exchange at an average price of $80.74 per share, for a total of about $20.18 million (roughly KRW 30 billion). The acquisition was made indirectly through multiple accounts—including funds, trusts, and LLCs—and filings show that Malka’s indirect holdings, including related funds and trusts, have increased substantially. In the same disclosure, the company announced that on June 25 it entered into a trust agreement with U.S. Bank Trust Company governing the issuance of up to $2.2 billion (around KRW 3 trillion) in convertible bonds, bearing 0.00% interest and maturing October 1, 2029. In a separate amendment, Robinhood clarified that the same insider had executed large share sales and collar hedge transactions totaling about $121.9 million (approximately KRW 180 billion) in late August 2025.

On June 22, Robinhood finalized the private placement pricing for $2.0 billion of 0.00% convertible notes, and by June 25 completed an issuance totaling $2.2 billion. Using part of the proceeds, the company repurchased approximately $290 million of its own shares. In mid-June, it also announced a restructuring that will cut roughly 10% of its full-time workforce—about 290 employees—while reporting record daily trading volumes in stocks, options, and its prediction markets for the month of June.

Founded in 2013 and headquartered in Menlo Park, California, Robinhood Markets operates a mobile-first online brokerage platform allowing U.S. retail investors to trade stocks, ETFs, options, cryptocurrencies, and prediction market products commission-free. The firm has recently expanded its services—including brokerage, 24/7 commodity and currency trading, prediction markets, and credit cards—into the U.K. and Europe.