Robinhood legal chief sells 10,000 shares

Robinhood Markets, Inc.’s Chief Legal Officer Daniel Martin Gallagher Jr reported selling a total of 10,000 shares of Class A Common Stock on June 3, 2026 in four open‑market transactions.

Rhea-AI Filing Summary

Robinhood Markets, Inc.’s Chief Legal Officer Daniel Martin Gallagher Jr reported selling a total of 10,000 shares of Class A Common Stock on June 3, 2026 in four open‑market transactions. Individual trades covered 200, 800, 4,200 and 4,800 shares at reported weighted‑average prices of $85.7750, $84.7025, $84.0648 and $83.0796 per share.

Footnotes state these sales were executed under a pre‑arranged Rule 10b5‑1 trading plan adopted on August 8, 2025, and that each price reflects a weighted average for multiple trades within intraday price ranges between $82.53 and $85.80. The filing shows net selling of 10,000 shares with no option exercises.

Insider Trade Summary 10b5-1

Net Seller: 10,000 shares

Net Sell 4 txns

Insider Gallagher Daniel Martin Jr

Role Chief Legal Officer

Sold 10,000 shs ($837K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	4,800	$83.0796	$399K
Sale	Class A Common Stock	4,200	$84.0648	$353K
Sale	Class A Common Stock	800	$84.7025	$68K
Sale	Class A Common Stock	200	$85.775	$17K

Holdings After Transaction: Class A Common Stock — 481,396 shares (Direct)

Footnotes (5)

1. F1. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 8, 2025.
2. F2. This transaction was executed in multiple trades during the day at prices ranging from $82.53 to $83.51. 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.
3. F3. This transaction was executed in multiple trades during the day at prices ranging from $83.53 to $84.51. 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.
4. F4. This transaction was executed in multiple trades during the day at prices ranging from $84.55 to $85.52. 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.
5. F5. This transaction was executed in multiple trades during the day at prices ranging from $85.75 to $85.80. 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

Total shares sold: 10,000 shares Small block sale: 200 shares at $85.7750 Second block sale: 800 shares at $84.7025 +5 more

8 metrics

Total shares sold 10,000 shares Net open-market sales on June 3, 2026

Small block sale 200 shares at $85.7750 Class A Common Stock, open-market sale

Second block sale 800 shares at $84.7025 Class A Common Stock, open-market sale

Third block sale 4,200 shares at $84.0648 Class A Common Stock, open-market sale

Largest block sale 4,800 shares at $83.0796 Class A Common Stock, open-market sale

Low intraday price range $82.53–$83.51 Price range for one transaction’s multiple trades

High intraday price range $85.75–$85.80 Price range for another transaction’s multiple trades

Trading plan adoption date August 8, 2025 Rule 10b5-1 plan used for these sales

Key Terms

Rule 10b5-1 trading plan, open-market sale, weighted-average price, Class A Common Stock, +1 more

5 terms

Rule 10b5-1 trading plan regulatory

"This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 8, 2025."

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: "open-market sale" for Class A Common Stock on June 3, 2026."

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.

weighted-average price financial

"The weighted-average price is reported above. The Reporting Person hereby undertakes to provide ... full information regarding the number of shares and prices."

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.

Class A Common Stock financial

"security_title: "Class A Common Stock" for each reported transaction."

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.

Form 4 regulatory

"INSIDER FILING DATA (Form 4): transaction summary for Robinhood Markets, Inc."

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Robinhood (HOOD) insider Daniel Gallagher report in this Form 4?

Daniel Martin Gallagher Jr, Robinhood’s Chief Legal Officer, reported selling 10,000 shares of Class A Common Stock on June 3, 2026. The filing details four open‑market sales at weighted‑average prices between $83.0796 and $85.7750 per share.

At what prices did Robinhood (HOOD) shares sell in Gallagher’s June 3, 2026 trades?

Gallagher’s reported sales occurred at weighted‑average prices of $85.7750, $84.7025, $84.0648 and $83.0796 per share. Footnotes add that underlying trades took place within intraday ranges from $82.53 up to $85.80.

Was the Robinhood (HOOD) insider sale made under a Rule 10b5-1 plan?

Yes. The Form 4 states the transaction was effected under a Rule 10b5‑1 trading plan adopted by Gallagher on August 8, 2025. Such plans pre‑schedule trades, indicating the timing of these sales was determined in advance.

How many total Robinhood (HOOD) shares did Gallagher sell in this Form 4?

The transaction summary shows net selling of 10,000 shares of Robinhood Class A Common Stock. This total comes from four separate open‑market sale entries of 200 shares, 800 shares, 4,200 shares and 4,800 shares reported for June 3, 2026.

Did the Robinhood (HOOD) filing show any option exercises or gifts by Gallagher?

No. The transaction summary lists exerciseShares, giftShares and tax withholding shares all as zero. All reported activity for June 3, 2026 consists of open‑market sales of common stock rather than option exercises, gifts, or tax‑related dispositions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 06/05/2026 - 04:35 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Gallagher Daniel Martin Jr

(Last) (First) (Middle)

C/O ROBINHOOD MARKETS, INC.

85 WILLOW ROAD

(Street)

MENLO PARK CALIFORNIA 94025

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Robinhood Markets, Inc. [ HOOD ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Legal Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/03/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	06/03/2026		S(1)		4,800	D	$83.0796(2)	486,596	D
Class A Common Stock	06/03/2026		S(1)		4,200	D	$84.0648(3)	482,396	D
Class A Common Stock	06/03/2026		S(1)		800	D	$84.7025(4)	481,596	D
Class A Common Stock	06/03/2026		S(1)		200	D	$85.775(5)	481,396	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 8, 2025.

2. This transaction was executed in multiple trades during the day at prices ranging from $82.53 to $83.51. 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.

3. This transaction was executed in multiple trades during the day at prices ranging from $83.53 to $84.51. 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.

4. This transaction was executed in multiple trades during the day at prices ranging from $84.55 to $85.52. 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.

5. This transaction was executed in multiple trades during the day at prices ranging from $85.75 to $85.80. 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.

Remarks:

	/s/ Matthew Yorkavich, attorney-in-fact for Daniel M. Gallagher, Jr.	06/05/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)