Exhibit B: RH Securities Fraud Options Claims — Case 1:21-md-02989-CMA (Document 565-4)

Summary

Exhibit B to Document 565 in Case 1:21-md-02989-CMA (Document 565-4), entered on the FLSD docket 05/26/2023, is an email of Friday, May 5, 2023 from Jeffrey A. Klafter of Klafter Lesser LLP to Laurence Rosen, with the subject RH Securities Fraud Options Claims. The email states that a securities action was filed on behalf of a class of option holders with options in certain affected securities as of the close of trading on January 27, 2021, with Lead Plaintiff motions not due until June 9, 2023, and notes that the case Rosen has prosecuted, due for a mediation on May 17, 2023, is limited to stockholders. Klafter asks Rosen to confirm that the options claims will not be settled or compromised, states that appropriate relief will otherwise be sought from the Court, and proposes working in tandem toward a settlement from Robinhood covering both stockholder and option holder claims.

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Case 1:21-md-02989-CMA Document 565-4 Entered on FLSD Docket 05/26/2023 Page 1 of 2

EXHIBIT B
From: Jeff Klaftacaiah Ot aacezg8Q9OMA Document 565-4 Entered on FLSD Docket 05/26/2023 Page 2 of 2
Sent: Friday, May 5, 2023 5:02 PM

To: Laurence Rosen <lrosen@rosenlegal.com>
Cc: maurice@pessahgroup.com; Stuart Chelin <stuart@chelinlaw.com>
Subject: RH Securities Fraud Options Claims

[EXTERNAL EMAIL]

Larry,

As you are no doubt aware, we filed a securities action on behalf of a class of option holders who held options in certain
affected securities as of the close of trading on January 27, 2021. The putative options class sold their options, or had
to let them expire, at a loss. Lead Plaintiff motions in our action are not due until June 9, 2023.

You are due to participate in a Court-ordered mediation on May 17, 2023. The case you have prosecuted is limited to
only stockholders as of the close of trading on January 27, 2021. This has been consistent across the PSLRA notice
you published, your Amended Complaint and the motion for class certification you filed last week.

As we are pursuing claims on behalf of a different class which was harmed by the same underlying conduct which
damaged your class, we are writing to obtain confirmation from you that you will not seek to settle or compromise the
options claims of the members of our alleged class. If you do intend to seek a settlement or compromise on behalf of
option-holders, or for whatever reason are unable to provide the confirmation we are requesting, we will seek
appropriate relief from the Court.

We hope to be appointed lead counsel for the options class, and, if you have not settled your stockholder claims by
then, we would like to explore working in tandem with you to obtain an appropriate settlement from Robinhood covering
both the stockholder and option holder claims.

Your prompt response to this email would be appreciated. Should you wish to hold a conference call with me and my
co-counsels, please let us know.

Jeffrey A. Klafter

KLAFTER LESSER LLP

Two International Drive, Suite 350
Rye Brook, NY 10573

(914) 934-9200 x 301

Fax: (914) 934-9220
jak(@klafterlesser.com


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