HOOD director Baiju Bhatt donates 951,792 shares to donor advised fund
Rhea-AI Filing Summary
Baiju Prafulkumar Bhatt, a director of Robinhood Markets (HOOD), reported that on 08/11/2025 the Baiju Prafulkumar Bhatt Living Trust donated 951,792 shares of Class B Common Stock, which automatically converted into the same number of Class A Common Stock upon execution of the donation. The filing states the donation was a bona fide gift to a donor advised fund. Following the reported transactions the Living Trust is shown as beneficially owning 50,267,528 Class A Common shares.
Positive
- Transparent disclosure of the donation and automatic conversion, providing clear agreement with Section 16 reporting requirements
- Living Trust retains substantial holdings with 50,267,528 Class A Common shares reported after the transactions
Negative
- Reduction of Class B holdings by 951,792 shares through a gift from the Living Trust
- 951,792 shares were transferred to a donor advised fund, representing an outflow of shares from the Living Trust
Insights
TL;DR: A significant charitable transfer of 951,792 Class B shares converted to Class A; the Living Trust still holds a large position of 50,267,528 Class A shares.
The Form 4 discloses a donation of 951,792 Class B shares on 08/11/2025 that triggered automatic conversion to Class A. This is a non-sale disposition (reported as a gift) rather than a market sale, so there is no direct proceeds impact disclosed. The disclosure shows continued substantial beneficial ownership by the Living Trust of 50,267,528 Class A shares, which remains a material stake in absolute terms as reported on the form.
TL;DR: Director Baiju Bhatt's Living Trust donated 951,792 Class B shares, which converted to Class A and were given to a donor advised fund.
The filing clarifies the nature of the transfer as a bona fide gift from the Baiju Prafulkumar Bhatt Living Trust to a donor advised fund and records the automatic conversion of the gifted Class B shares into Class A. The report identifies the trust as the indirect beneficial owner after the transactions, with 50,267,528 Class A shares shown. The disclosure is explicit about the transaction type and post-transaction ownership figures.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 951,792 | $0.00 | -- |
| Conversion | Class A Common Stock | 951,792 | $0.00 | -- |
| Gift | Class A Common Stock | 951,792 | $0.00 | -- |
Footnotes (1)
- As part of the transactions effected on August 11, 2025, the Baiju Prafulkumar Bhatt Living Trust, dated 11/30/2017 ("Living Trust") donated an aggregate of 951,792 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 donation. Represents a bona fide gift of 951,792 shares from the Living Trust to a donor advised fund.
