375,000 Founders Shares notice for HOOD (NASDAQ: HOOD)

Rhea-AI Filing Summary

Filer submitted a Form 144 notice for proposed resale of Common stock. The filing lists 375,000 shares of Common stock tied to "Founders Shares" with an aggregate dollar figure $25,837,500.00 and a trading venue of NASDAQ. The cover shows an event date of 04/06/2026.

The filing also discloses 10b5-1 sales completed in the past three months: SURFBOARD MANAGEMENT LLC sold 40,500 shares on 01/15/2026 for $4,651,477.65, and TENEV 2017 IRR TRUST sold 327,500 shares on 01/15/2026 for $37,614,357.50. The filing names Morgan Stanley Smith Barney LLC as broker.

Insights

Securities Counsel

Routine resale notice and prior Rule 10b5-1 sales are disclosed; no new proceeds recipient changes.

The Form 144 lists a proposed resale of 375,000 shares of Common stock described as "Founders Shares" and identifies Morgan Stanley Smith Barney LLC as broker. It also documents completed 10b5-1 sales by two entities on 01/15/2026.

These disclosures are procedural: they permit public resale subject to Rule 144 conditions. Timing, transfer mechanics, and any hold periods are not detailed in the excerpt; subsequent SEC submissions or broker confirmations would show settlement details.

Key Figures

Shares proposed for resale: 375,000 shares Aggregate dollar amount on cover: $25,837,500.00 10b5-1 sale by SURFBOARD MANAGEMENT LLC: 40,500 shares +3 more

6 metrics

Shares proposed for resale 375,000 shares Founders Shares listed on Form 144

Aggregate dollar amount on cover $25,837,500.00 Associated with the 375,000 shares

10b5-1 sale by SURFBOARD MANAGEMENT LLC 40,500 shares Sold on 01/15/2026 for $4,651,477.65

10b5-1 sale by TENEV 2017 IRR TRUST 327,500 shares Sold on 01/15/2026 for $37,614,357.50

Filing date shown 04/06/2026 Date associated with the Form 144 cover entry

Broker named Morgan Stanley Smith Barney LLC Listed as broker for securities to be sold

Key Terms

Form 144, 10b5-1, Founders Shares

3 terms

Form 144 regulatory

"Filer submitted a Form 144 notice for proposed resale of Common stock"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

10b5-1 regulatory

"10b5-1 Sales for SURFBOARD MANAGEMENT LLC"

A 10b5-1 plan is a pre-set schedule that lets company insiders buy or sell shares according to written instructions made when they do not possess material, nonpublic information. Think of it as a timed automatic payment for stock trades: it helps insiders avoid accusations of trading on secret information and gives outside investors a clearer signal about whether sales are routine or potentially informative about the company’s prospects.

Founders Shares financial

"Securities To Be Sold ... Founders Shares"

Founders shares are a special block of a company’s stock originally given to the people who started the business; they often carry extra voting power or favorable terms compared with regular shares. For investors, these shares matter because they concentrate control and influence how future funding, ownership dilution, and decision-making will play out—think of founders shares as the steering wheel that can steer a company’s direction even as more passengers (investors) climb aboard.

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

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	375000	25837500.00	790054654	04/06/2026	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	12/04/2013	Founders Shares	Issuer			375000	12/04/2013	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 SURFBOARD MANAGEMENT LLC 85 Willow Road Menlo Park CA 94025	Common	01/15/2026	40500	4651477.65
10b5-1 Sales for TENEV 2017 IRR TRUST AGREEMENT U/ADTD 02/28/2017 85 Willow Road Menlo Park CA 94025	Common	01/15/2026	327500	37614357.50

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 HOOD's Form 144 disclose about shares being sold?

The Form 144 discloses a proposed resale of 375,000 shares of Common stock described as "Founders Shares," with an aggregate dollar figure of $25,837,500.00 and listing the trading venue as NASDAQ.

Which holders completed 10b5-1 sales reported in this HOOD filing?

The filing reports 10b5-1 sales by SURFBOARD MANAGEMENT LLC (40,500 shares for $4,651,477.65) and TENEV 2017 IRR TRUST (327,500 shares for $37,614,357.50), both dated 01/15/2026.

Who is the broker listed on the HOOD Form 144?

The broker named is Morgan Stanley Smith Barney LLC, with an address at 1 New York Plaza, 8th Floor, New York, NY. The excerpt links this broker to the securities-to-be-sold entry.

Does the Form 144 show when the sales occurred or will occur for HOOD?

The excerpt shows completed 10b5-1 sales on 01/15/2026 and a filing date of 04/06/2026 for the proposed resale of 375,000 shares. Specific settlement dates or execution windows are not detailed in the provided excerpt.