Robinhood (HOOD) CBO Steven Quirk sells 8,540 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Robinhood Markets, Inc. reported an insider stock sale by Chief Brokerage Officer Steven M. QuirkApril 15, 2026, Quirk completed an open-market sale of 8,540 shares of Class A Common Stock at $84.93 per share. The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on November 12, 2024, indicating the transactions were scheduled in advance. Following this sale, Quirk directly holds 53,183 shares of Robinhood Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 8,540 shares ($725,302)
Net Sell
1 txn
Insider
Quirk Steven M.
Role
Chief Brokerage Officer
Sold
8,540 shs ($725K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 8,540 | $84.93 | $725K |
Holdings After Transaction:
Class A Common Stock — 53,183 shares (Direct)
Footnotes (1)
- This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 12, 2024. This transaction was executed during the day at the price 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: 8,540 shares
Sale price: $84.93 per share
Shares held after sale: 53,183 shares
3 metrics
Shares sold
8,540 shares
Open-market sale on April 15, 2026
Sale price
$84.93 per share
Weighted average transaction price
Shares held after sale
53,183 shares
Direct holdings following transaction
Key Terms
Rule 10b5-1 trading plan, open-market sale, Class A Common Stock
3 terms
Rule 10b5-1 trading plan financial
"This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted..."
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.
open-market sale financial
"transaction_action is described as an open-market sale of Class A Common Stock"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Class A Common Stock financial
"The security title reported is Class A Common Stock of Robinhood Markets, Inc."
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.
FAQ
What insider transaction did Robinhood (HOOD) report for Steven M. Quirk?
Robinhood reported that Chief Brokerage Officer Steven M. Quirk sold 8,540 shares of Class A Common Stock. The transaction was an open-market sale at $84.93 per share and was conducted under a pre-arranged Rule 10b5-1 trading plan adopted in November 2024.
Was the Robinhood (HOOD) insider sale by Steven M. Quirk part of a trading plan?
Yes. The sale was effected under a Rule 10b5-1 trading plan adopted by Steven M. Quirk on November 12, 2024. Such plans allow insiders to schedule trades in advance, reducing the significance of timing decisions relative to discretionary, unscheduled insider transactions.
What role does Steven M. Quirk hold at Robinhood (HOOD)?
Steven M. Quirk serves as Chief Brokerage Officer at Robinhood Markets, Inc. This officer role is identified in the Form 4, which reports his personal trading activity in the company’s Class A Common Stock, including the recent open-market sale of 8,540 shares.