Bhatt Trust Sells 57,261 Robinhood Shares
Robinhood Markets director Baiju Bhatt, through the Baiju Bhatt Living Trust, reported pre‑planned transactions in Robinhood Class A and Class B Common Stock.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Robinhood Markets director Baiju Bhatt, through the Baiju Bhatt Living Trust, reported pre‑planned transactions in Robinhood Class A and Class B Common Stock. On April 16, 2026, the Living Trust sold an aggregate of 57,261 shares of Class B Common Stock under a Rule 10b5‑1 trading plan adopted on November 13, 2025. These sales automatically converted the same number of shares into Class A Common Stock upon execution.
The Form 4 shows multiple open‑market sales of Class A shares at weighted‑average prices ranging from about $84.59 to $88.36 per share, all attributed to the Living Trust. After the transactions, Bhatt also reports direct ownership of 2,778 Class A shares and indirect holdings of 47,073,799 Class B shares through the Living Trust, indicating that the reported activity represents a small portion of the trust’s overall position and was carried out under a pre‑arranged trading plan.
Insider Trade Summary 10b5-1
Exercise and Sale: 57,261 shares ($4.95M approx. pre-tax spread)
Exercise and Sale
8 txns
Insider
Bhatt Baiju
Role
Director
Sold
57,261 shs ($4.95M)
Approx. gross sale proceeds
$4.95M
Approx. exercise cost
$0.00
Approx. pre-tax spread
$4.95M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 57,261 | $0.00 | $0.00 |
| Conversion | Class A Common Stock | 57,261 | $0.00 | $0.00 |
| Sale | Class A Common Stock | 6,400 | $84.593 | $541K |
| Sale | Class A Common Stock | 11,400 | $85.6176 | $976K |
| Sale | Class A Common Stock | 27,961 | $86.5934 | $2.42M |
| Sale | Class A Common Stock | 10,000 | $87.4843 | $875K |
| Sale | Class A Common Stock | 1,500 | $88.3626 | $133K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 47,073,799 contracts (Indirect, By Living Trust);
Class A Common Stock — 0 shares (Indirect, By Living Trust);
Class A Common Stock — 2,778 shares (Direct)
Footnotes (7)
- F1. As part of the transactions effected on April 16, 2026 pursuant to the Rule 10b5-1 trading plan adopted by the Baiju Bhatt Living Trust ("Living Trust") on November 13, 2025 ("Bhatt 10b5-1 plan"), the Living Trust sold an aggregate of 57,261 shares of its Class B Common Stock, resulting in an automatic conversion of the same amount of shares into Class A Common Stock upon execution of the sales.
- F2. This transaction was effected pursuant to the Bhatt 10b5-1 plan.
- F3. This transaction was executed in multiple trades during the day at prices ranging from $84.06 to $85.05. The weighted-average price is reported above. The Reporting Person hereby undertakes to provide to the SEC staff, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares and prices at which the trades were made.
- F4. This transaction was executed in multiple trades during the day at prices ranging from $85.06 to $86.05. The weighted-average price is reported above. The Reporting Person hereby undertakes to provide to the SEC staff, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares and prices at which the trades were made.
- F5. This transaction was executed in multiple trades during the day at prices ranging from $86.06 to $87.05. The weighted-average price is reported above. The Reporting Person hereby undertakes to provide to the SEC staff, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares and prices at which the trades were made.
- F6. This transaction was executed in multiple trades during the day at prices ranging from $87.06 to $88.05. The weighted-average price is reported above. The Reporting Person hereby undertakes to provide to the SEC staff, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares and prices at which the trades were made.
- F7. This transaction was executed in multiple trades during the day at prices ranging from $88.06 to $89.00. The weighted-average price is reported above. The Reporting Person hereby undertakes to provide to the SEC staff, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares and prices at which the trades were made.
Key Figures
Shares sold: 57,261 shares
Sale price range: $84.5930–$88.3626 per share
Direct Class A holding: 2,778 shares
+2 more
5 metrics
Shares sold
57,261 shares
Aggregate Class B shares sold and converted on April 16, 2026
Sale price range
$84.5930–$88.3626 per share
Weighted-average prices for Class A open-market sales
Direct Class A holding
2,778 shares
Class A Common Stock held directly after transactions
Indirect Class B holding
47,073,799 shares
Class B Common Stock held by Living Trust after conversion
Converted shares
57,261 shares
Class B shares automatically converted into Class A upon sale
Key Terms
Rule 10b5-1 trading plan, Class A Common Stock, Class B Common Stock, derivative conversion, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"pursuant to the Rule 10b5-1 trading plan adopted by the Baiju Bhatt Living Trust"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
Class A Common Stock financial
"resulting in an automatic conversion of the same amount of shares into Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
Class B Common Stock financial
"the Living Trust sold an aggregate of 57,261 shares of its Class B Common Stock"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
derivative conversion financial
"transaction_action": "derivative conversion""
weighted-average price financial
"The weighted-average price is reported above."
Weighted-average price is the average of multiple prices where each price is counted according to its size or importance—larger trades carry more weight than smaller ones, like averaging course grades by credit hours. It matters to investors because it gives a more realistic picture of the true price paid or received, helping assess trade execution, compare performance, calculate cost basis, and value positions more accurately than a simple average.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Baiju Bhatt report in the latest Form 4 for HOOD?
Baiju Bhatt reported that his Living Trust sold 57,261 shares of Robinhood Class B Common Stock, automatically converting them into the same number of Class A shares. The trades occurred on April 16, 2026 under a pre‑arranged Rule 10b5‑1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates