Robinhood Markets, Inc. announced on November 11, 2021, Jan Hammer notified company of his resignation as a member of the Company’s Board of Directors (the "Board"), effective as of December 31, 2021. On November 15, 2021, the Board appointed Frances Frei to the Board, effective as of November 15, 2021. The Board also appointed her to serve on the Audit Committee and the People and Compensation Committee, commencing concurrently with her Board service. Professor Frei is a Class II director, with an initial term expiring at Robinhood’s 2023 annual meeting of stockholders. In connection with Professor Frei’s appointment, the Board increased the number of directors on the Board from eight to nine. Frances Frei research investigates how leaders create the conditions for organizations and individuals to thrive by designing for excellence in strategy, operations, and culture. She regularly advises organizations embarking on large-scale change initiatives, including embracing diversity and inclusion as a lever for significantly improving performance.