Bullfrog Capital, L.P. (the "Fund) entered into a "zero-cost" put spread collar hedging arrangement (the "Contract") with an unaffiliated broker-dealer relating to the Class A common stock, $0.0001 par value per share (the "Shares"), of Robinhood Markets, Inc. (the "Issuer"). Pursuant to the Contract, the Fund (i) sold European put options on the Shares with a strike price equal to the strike price of the warrant purchased from the Issuer on February 12, 2021 (the "Warrant Strike Price"), (ii) purchased European put options on the Shares with a strike price higher than the Warrant Strike Price (the "Upper Put Strike") and (iii) sold European call options on the Shares with a strike price higher than the Warrant Strike Price and the Upper Put Strike. The Contract is expected to mature on one or more expiration dates, on or before, February 12, 2031. This filing is being made in accordance with the SEC No-Action Letter dated December 1, 2011.

02/27/2025

/s/ Cynthia McAdam