Refer 3 Friends, Get 4 Stocks

How to Participate in the “Refer 3, Get 4” Promotion

When you invite three friends between January 1, 2020 and January 31, 2021, and the conditions in the promotion are fulfilled, we'll credit your account with a fourth reward stock.

How to Get Your Reward Stock

Follow the below steps to refer your friends directly from the app.

  1. Tap the account (person) icon in the bottom right corner
  2. Tap Get Free Stock
  3. Tap "Refer 3, Get 4" card
  4. Tap Invite contacts

If you successfully refer three friends, we’ll credit your account an extra stock after your third referral.

How We Choose Your Stock

Shares of stock are chosen randomly from our inventory of settled shares. The value of the share may be anywhere between $3 and $225, and fluctuates based on market movements. Keep in mind that approximately 98% of the participants will get a stock reward having a value between $2.50 and $10.00.

Keep in mind

We can’t credit your account for invites you sent before you began participating in the stock reward program, and you can’t open a second account to get a stock. We also can’t provide information about someone else’s account or application status.

Stock Reward Limit

The “Refer 3, Get 4” offer is valid only for your first three referrals. You won’t receive any additional reward stocks after the first set of three successful referrals. For example, if you refer an additional three friends on top of the original three you referred, you won’t receive an extra reward stock as part of this offer. However, you can continue to refer friends and receive a total of up to $500 in stocks on an annual basis.

If the total value of your stocks from our programs approaches $500, you'll stop receiving stocks once the lowest-priced stock in our inventory brings you over the $500 limit. For example, if you’ve received $497 in stocks and the lowest-priced stock in our inventory is $3.75, you won't receive more reward stocks until the new year. To see the price of each reward stock you’ve received, you can check your Statements & History tab.


Make sure you consult with your tax advisor on how the receipt and sale of stock will impact your own tax situation. The cash value of the stock at the time you claim it may be reported as “Other Income” on a 1099-Misc form, if applicable. Any gains or losses on the sale of the stock should be reported as capital gains or losses. You can check the original value of each stock you’ve received in your app in your Statements & History.


You receive a $10 stock and later sell it for $15 dollars:

  • The $10 stock gift may be reported as “Other Income” on a 1099-MISC form, if required.
  • The $5 gain will be reported as capital gains.

Terms and Conditions

Robinhood "Refer 3, Get 4" stock reward offer valid for existing qualifying clients who successfully refer three (3) new Robinhood accounts. Rewards will be credited only if a referral is sent between January 1, 2020 and January 31, 2021, and the referred customer fulfills the conditions in their promotion during this period, and the reward is claimed through the Robinhood platform. Limit one offer per three qualified referrals with a maximum of one account per referred client. Stock reward will be credited to the enrolled account within approximately one week after the reward is claimed, though this timeline may be delayed in Robinhood’s sole discretion if, for example, Robinhood determines that there is indicia of fraud or a violation of these Terms. Stock rewards that are not claimed within 60 days may expire. Shares from stock rewards cannot be sold until 2 trading days after the reward is granted. The cash value of the stock reward may not be withdrawn for 30 days after the reward is claimed.

Robinhood reserves the right to change the offer terms or terminate the offer at any time without notice. The offer is limited to one per account, with no more than one account enrolled per customer. The stock reward, when combined with the value received from all other offers in the current calendar year, may not exceed $500 per household per year. The offer is not transferable, saleable, or valid in conjunction with certain other offers and is available to U.S. residents only. Employees, contractors, or persons similarly associated with Robinhood or a Robinhood affiliate; members of their household; and employees of any securities regulatory organization or exchange are not eligible. Robinhood may decline requests to enroll in the offer at its discretion. The offer is only available for personal use, and may not be used for commercial purposes. Robinhood cannot provide information about someone else’s account or application status. Other restrictions may apply.

The stock reward is one share selected randomly, when the reward criteria are met, from Robinhood’s inventory of settled shares held for this program. When shares are purchased into this inventory, Robinhood purchases shares from the three to four companies representing the highest market capitalization in various ranges of share prices between approximately $3 and $225, limited to those companies that are widely held among Robinhood accounts. Approximately 98% of the participants will get a stock reward having a value of $2.50-$10, approximately 1% of the participants will receive a stock reward having a value of $10-$50, and approximately 1% of the participants will receive a stock reward having a value of $50-$225, based on the price of shares at the time of purchase.

Neither receipt of a share of stock through this program nor identification of a particular security in communications related to this program constitutes a solicitation of the security, a recommendation to buy, sell, or hold the security, or investment advice.

Consult with your tax advisor about the appropriate tax treatment for this offer and any tax implications associated with receipt of a stock reward before enrolling. For taxable accounts, the value of all Robinhood offers received may be reported as Other Income on a Form 1099-MISC where required by applicable rules and regulations. Robinhood does not take responsibility for any tax related to this Stock reward.

Reference No. 20201204-1433243-4349988
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