[144] Robinhood Markets, Inc. SEC Filing

Rhea-AI Filing Summary

Form 144 filed for Robinhood Markets, Inc. (HOOD) reporting a proposed sale of 49,146 common shares with an aggregate market value of $4,955,882.64 to be executed on 09/03/2025 on NASDAQ. The shares were acquired as Restricted Stock Units on 11/01/2024 and the filing shows prior 10b5-1 sales by the same person: 40,131 shares sold on 08/05/2025 for $4,202,039.95 and 92,257 shares sold on 06/25/2025 for $7,838,413.29. The broker listed for the proposed sale is Morgan Stanley Smith Barney LLC. The filer certifies they are not aware of undisclosed material adverse information and references reliance on a Rule 10b5-1 trading plan where applicable.

Positive

• Planned sale is documented under Rule 144 with broker details, indicating procedural compliance
• Securities originated from Restricted Stock Units, showing the sale is of compensation-related shares rather than newly purchased shares
• Prior sales were executed under 10b5-1 plans, suggesting trades were prearranged and compliant

Negative

• Insider selling activity in the quarter totaling at least 132,388 shares (including planned sale) which may be perceived negatively by some investors
• Aggregate market value of the planned sale is $4,955,882.64, a non-trivial insider disposition amount

Insights

Securities Analyst

TL;DR: Insider proposes a single RSU-derived sale of 49,146 HOOD shares (~$4.96M) via Morgan Stanley; prior 10b5-1 sales occurred in June and August 2025.

The filing indicates the securities to be sold were acquired as Restricted Stock Units on 11/01/2024 and the planned disposition is scheduled for 09/03/2025 on NASDAQ through Morgan Stanley Smith Barney LLC. Material context includes two recent 10b5-1 sales by the same person totaling 132,388 shares and approximately $12.04 million in gross proceeds during June and August 2025. From an investor-relations perspective, the use of a broker and the prior 10b5-1 sales suggest structured, rule-compliant selling rather than ad-hoc disposition. Impact is neutral given the absolute size of the sale relative to the company is not disclosed in the filing, and no new operational or financial information about the issuer is provided.

Corporate Governance Expert

TL;DR: Filing documents an insider sale under Rule 144 tied to RSUs, with prior 10b5-1 executions; disclosure appears procedurally complete.

The notice properly identifies the class, broker, acquisition date and nature (Restricted Stock Units) and affirms absence of undisclosed material information. The inclusion of recent 10b5-1 sales and a specified sale date aligns with typical compliance practices for executive equity monetization. There is no mention of any contemporaneous material events or deviations from planned trading instructions. Without issuer-level financials or percentage-of-outstanding context, the governance implication is limited to routine insider liquidity activity rather than a signal of corporate distress or major strategic change.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	49146	4955882.64	773963666	09/03/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	11/01/2024	Restricted Stock Units	Issuer			49146	11/01/2024	N/A

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
10b5-1 Sales for STEVEN QUIRK 85 Willow Road Menlo Park CA 94025	Common	08/05/2025	40131	4202039.95
10b5-1 Sales for STEVEN QUIRK 85 Willow Road Menlo Park CA 94025	Common	06/25/2025	92257	7838413.29

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the Form 144 for HOOD report?

The filing reports a proposed sale of 49,146 common shares of Robinhood Markets (HOOD) with an aggregate market value of $4,955,882.64 to be sold on 09/03/2025 on NASDAQ.

How were the securities being sold acquired?

The securities were acquired as Restricted Stock Units (RSUs) on 11/01/2024 and the amount to be sold is 49,146 shares.

Who is the broker listed for the proposed sale?

The broker listed is Morgan Stanley Smith Barney LLC with address at Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004.

Were there recent insider sales by the same person?

Yes. The filing discloses 10b5-1 sales of 92,257 shares on 06/25/2025 for $7,838,413.29 and 40,131 shares on 08/05/2025 for $4,202,039.95.

Does the filer attest to material undisclosed information?

Yes. By signing, the filer represents they do not know of any material adverse information about the issuer that has not been publicly disclosed.