[Form 4] Robinhood Markets, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Robinhood Markets insider Daniel M. Gallagher Jr. reported a gift of 20,000 shares of Class A common stock on 09/08/2025. The Form 4 shows the shares were disposed of under Transaction Code G as a bona fide gift to a donor advised fund and recorded at $0 price. Following the reported transaction, Mr. Gallagher beneficially owns 590,949 shares. The filing identifies his role as Chief Legal Officer and was signed by an attorney-in-fact on his behalf.

Insights

Corporate Governance Expert

TL;DR: A routine insider gift of stock was reported; disclosure ensures transparency but appears non-material to governance.

The filing documents a gift transaction rather than a sale, reducing the reporting person’s beneficial holdings by 20,000 shares and leaving 590,949 shares beneficially owned. The use of Transaction Code G and the stated recipient—a donor advised fund—are consistent with philanthropic transfers rather than market dispositions. The signature by an attorney-in-fact is properly noted. From a governance perspective, this is a standard Form 4 disclosure required under Section 16 and does not indicate changes to board composition, control, or executive role.

Securities Analyst

TL;DR: Insider gift reported; transaction is non-cash and does not reflect liquidation or trading activity.

The document records a non-derivative disposition of 20,000 Class A shares via a bona fide gift to a donor advised fund, reported with a $0 price. Post-transaction beneficial ownership is 590,949 shares. Because this is a charitable transfer and not a sale, it does not directly affect market float or signal insider liquidity needs. The filing meets disclosure norms for Section 16 insiders but provides no new financial metrics or operational information about the issuer.

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

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 CA 94025

(City) (State) (Zip)

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

3. Date of Earliest Transaction (Month/Day/Year)
09/08/2025

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

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

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

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	09/08/2025		G(1)		20,000	D	$0	590,949	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. Represents a bona fide gift of 20,000 shares to a donor advised fund.

Remarks:

	/s/ Matthew Yorkavich, attorney-in-fact for Daniel M. Gallagher, Jr.	09/10/2025
	** 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.

FAQ

What did Daniel M. Gallagher Jr. report on Form 4 for HOOD?

He reported a disposition by gift of 20,000 shares of Class A common stock to a donor advised fund on 09/08/2025.

How many HOOD shares does the reporting person own after the transaction?

Following the reported transaction, Daniel M. Gallagher Jr. beneficially owns 590,949 shares.

What transaction code was used and what does it indicate?

Transaction Code G was used, which the filer explains as a bona fide gift to a donor advised fund.

What is the reported price for the gifted shares?

The reported price for the transaction is shown as $0, consistent with a gift.

What is the reporting person's role at Robinhood?

The filing lists the reporting person as the company’s Chief Legal Officer.