Robinhood (HOOD) chief legal officer sells 10,000 shares in pre-set plan

Rhea-AI Filing Summary

Robinhood Markets, Inc. chief legal officer Daniel Martin Gallagher Jr. sold 10,000 shares of Class A Common Stock in open-market transactions. All sales occurred on July 6, 2026 at prices generally ranging from about $112 to $118 per share, according to the Form 4.

The filing notes these transactions were made under a pre-established Rule 10b5-1 trading plan adopted on August 8, 2025, indicating they were scheduled in advance. Gallagher continues to hold a significant direct position in Robinhood after these sales.

Insider Trade Summary 10b5-1

Net Seller: 10,000 shares ($1,161,433)

Net Sell 7 txns

Insider Gallagher Daniel Martin Jr

Role Chief Legal Officer

Sold 10,000 shs ($1.16M)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	500	$112.056	$56K
Sale	Class A Common Stock	700	$113.5943	$80K
Sale	Class A Common Stock	2,000	$114.684	$229K
Sale	Class A Common Stock	900	$115.7567	$104K
Sale	Class A Common Stock	2,953	$116.8023	$345K
Sale	Class A Common Stock	2,547	$117.802	$300K
Sale	Class A Common Stock	400	$118.4525	$47K

Holdings After Transaction: Class A Common Stock — 480,896 shares (Direct, null)

Footnotes (1)

1. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 8, 2025. This transaction was executed in multiple trades during the day at prices ranging from $111.69 to $112.38. 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. This transaction was executed in multiple trades during the day at prices ranging from $112.98 to $113.94. 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. This transaction was executed in multiple trades during the day at prices ranging from $114.21 to $115.14. 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. This transaction was executed in multiple trades during the day at prices ranging from $115.22 to $116.20. 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. This transaction was executed in multiple trades during the day at prices ranging from $116.24 to $117.23. 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. This transaction was executed in multiple trades during the day at prices ranging from $117.41 to $118.30. 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. This transaction was executed in multiple trades during the day at prices ranging from $118.42 to $118.52. 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.

Key Figures

Shares sold: 10,000 shares Sale price example (high): $118.4525/share Sale price example (low): $112.0560/share +1 more

4 metrics

Shares sold 10,000 shares Total net shares sold on July 6, 2026

Sale price example (high) $118.4525/share One reported weighted-average sale price

Sale price example (low) $112.0560/share One reported weighted-average sale price

Sale transactions 7 transactions Non-derivative open-market sales of Class A Common Stock

Key Terms

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

4 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" and transaction_code_description: "Sale in open market or private transaction""

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."

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""

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.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/08/2026 - 04:33 PM Accepted by SEC EDGAR 07/08/2026 - 04:32 PM Learn about SEC filing dates

FAQ

What insider transaction did Robinhood (HOOD) report for Daniel Gallagher?

Robinhood reported that chief legal officer Daniel Martin Gallagher Jr. sold 10,000 shares of Class A Common Stock in open-market transactions. The sales were disclosed on Form 4 and occurred on July 6, 2026, reflecting a relatively small portion of his overall holdings.

At what prices did Daniel Gallagher sell Robinhood (HOOD) shares?

The Form 4 shows multiple open-market sales with weighted-average prices, including trades around $112.06, $113.59, $114.68, $115.76, $116.80, $117.80 and $118.45 per share. Each reported line reflects a separate transaction at a different weighted-average sale price.

How many Robinhood (HOOD) shares did Daniel Gallagher sell in total?

According to the transaction summary, Daniel Gallagher sold 10,000 shares of Robinhood Class A Common Stock. These shares were sold across seven separate open-market transactions reported in the Form 4, resulting in a net-sell direction of 10,000 shares for the reported date.

Were Daniel Gallagher’s Robinhood (HOOD) share sales under a Rule 10b5-1 plan?

Yes. A Form 4 footnote states the transactions were effected under a Rule 10b5-1 trading plan adopted on August 8, 2025. Such pre-arranged plans schedule trades in advance, which can make the timing of sales less indicative of an insider’s short-term outlook.

Do these Robinhood (HOOD) insider sales leave Daniel Gallagher without shares?

No. The Form 4 indicates that Daniel Gallagher continues to own a substantial number of Robinhood shares directly after the transactions. The 10,000 shares sold represent only a portion of his holdings and do not eliminate his equity exposure to the company.

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)
07/06/2026

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	07/06/2026		S(1)		500	D	$112.056(2)	480,896	D
Class A Common Stock	07/06/2026		S(1)		700	D	$113.5943(3)	480,196	D
Class A Common Stock	07/06/2026		S(1)		2,000	D	$114.684(4)	478,196	D
Class A Common Stock	07/06/2026		S(1)		900	D	$115.7567(5)	477,296	D
Class A Common Stock	07/06/2026		S(1)		2,953	D	$116.8023(6)	474,343	D
Class A Common Stock	07/06/2026		S(1)		2,547	D	$117.802(7)	471,796	D
Class A Common Stock	07/06/2026		S(1)		400	D	$118.4525(8)	471,396	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 $111.69 to $112.38. 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 $112.98 to $113.94. 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 $114.21 to $115.14. 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 $115.22 to $116.20. 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.

6. This transaction was executed in multiple trades during the day at prices ranging from $116.24 to $117.23. 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.

7. This transaction was executed in multiple trades during the day at prices ranging from $117.41 to $118.30. 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.

8. This transaction was executed in multiple trades during the day at prices ranging from $118.42 to $118.52. 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.

Remarks:

	/s/ Maureen Montgomery, attorney-in-fact for Daniel M. Gallagher, Jr.	07/08/2026
	** 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)