Partner Stock Program | Robinhood

Partner Stock Program

Some companies grant stock to their full-time employees as part of their total compensation. Companies can also gift equity in the form of common stock to people who aren’t full-time employees, including their most loyal and valued part-time employees, independent contractors, and even customers.

Robinhood allows companies to gift stock through its Partner Stock Program.

How to claim gifted shares

If a company gives you free stock through Robinhood Financial, we’ll email you instructions on how to claim them.

Here’s what you’ll need to do:

  1. Log in or sign up for a Robinhood investing account. Make sure to use the same email address used for your invite. If you already use Robinhood with a different email, you’ll need to update it in your account settings to claim the gift.

  2. Follow the link in the invite email to view the details of the gift. Make sure to claim your gift before the deadline, which you’ll find in the invite email. You won’t be able to claim the gift after the deadline.

  3. Once you claim your gift, you’ll receive the shares in your Robinhood investing account. These free shares are yours to keep or sell.

If I accept free shares, will I owe taxes?

Generally the fair market value of gifted stock is reportable income if you accept a gift of free shares. You’ll also be responsible for any taxes due on any capital gains resulting from a sale of the shares. The issuing company will send you a W-2 or 1099-NEC so you can report the value of the stock gift received. Robinhood will send you a 1099 for any income or sale proceeds that occur after the stock gift has been accepted.

Robinhood doesn’t provide tax advice. For specific questions, you should consult a tax professional.ap

Where to get more information

You can learn more about the company, including the offering, and risks to consider in the company’s prospectus on the gift’s detail page. For companies that have been public for some time, you can find more information on their stock detail page.

Disclosures

This isn’t a recommendation for an issuer, its shares, or participation in any offering. Review the specific information provided by the issuer for further consideration.

All investments involve risk and loss of principal is possible.

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All investing involves risk.

Brokerage services are offered through Robinhood Financial LLC, (“RHF”) a registered broker-dealer (member SIPC) and clearing services through Robinhood Securities, LLC, (“RHS”) a registered broker dealer (member SIPC). Cryptocurrency services are offered through Robinhood Crypto, LLC (“RHC”) (NMLS ID: 1702840). Review a list of RHC licenses for more information.The Robinhood Money spending account is offered through Robinhood Money, LLC (“RHY”) (NMLS ID: 1990968), a licensed money transmitter. Review a list of our licenses for more information. Credit card products are offered by Robinhood Credit, Inc. ("RCT") (NMLS ID: 1781911 and issued by Coastal Community Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc.

The Robinhood Cash Card is a prepaid card issued by Sutton Bank, Member FDIC, pursuant to a license from Mastercard® International Incorporated. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.

RHF, RHY, RHC, RCT, and RHS are affiliated entities and wholly owned subsidiaries of Robinhood Markets, Inc. RHF, RHY, RHC, RCT, and RHS are not banks. Products offered by RHF are not FDIC insured and involve risk, including possible loss of principal. RHC isn’t a member of FINRA and accounts are not FDIC insured or protected by SIPC.

RHY is not a member of FINRA, and products are not subject to SIPC protection, but funds held in the Robinhood spending account and Robinhood Cash Card account may be eligible for FDIC pass-through insurance (review the Robinhood Cash Card Agreement and the Robinhood Spending Account Agreement).

Options trading entails significant risk and is not appropriate for all customers. Customers must read and understand the Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount.

Commission-free trading of stocks, ETFs and options refers to $0 commissions for Robinhood Financial self-directed individual cash or margin brokerage accounts that trade U.S. listed securities and certain OTC securities electronically. Keep in mind, other fees such as trading (non-commission) fees, Gold subscription fees, wire transfer fees, and paper statement fees may apply to your brokerage account. Please see Robinhood Financial's Fee Schedule to learn more.

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