Robinhood Markets (HOOD) legal chief sells 10,000 shares in plan
Rhea-AI Filing Summary
Robinhood Markets, Inc. reports that Chief Legal Officer Daniel Martin Gallagher Jr sold 10,000 shares of Class A Common Stock on August 3, 2026, in six transactions reported as “Sale in open market or private transaction,” at weighted-average prices from $86.2788 to $91.8043, pursuant to a Rule 10b5-1 trading plan adopted on August 8, 2025.
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Insights
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Insider Trade Summary 10b5-1
Net Seller: 10,000 shares
Net Sell
6 txns
Insider
Gallagher Daniel Martin Jr
Role
Chief Legal Officer
Sold
10,000 shs ($904K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F1, F2 | 800 | $86.2788 | $69K |
| Sale | Class A Common Stock F1, F3 | 400 | $87.195 | $35K |
| Sale | Class A Common Stock F1, F4 | 300 | $89.0767 | $27K |
| Sale | Class A Common Stock F1, F5 | 2,200 | $90.061 | $198K |
| Sale | Class A Common Stock F1, F6 | 3,400 | $90.9415 | $309K |
| Sale | Class A Common Stock F1, F7 | 2,900 | $91.8043 | $266K |
Holdings After Transaction:
Class A Common Stock — 461,396 shares (Direct)
Footnotes (7)
- F1. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 8, 2025.
- F2. This transaction was executed in multiple trades during the day at prices ranging from $85.85 to $86.65. 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.
- F3. This transaction was executed in multiple trades during the day at prices ranging from $87 to $87.35. 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.
- F4. This transaction was executed in multiple trades during the day at prices ranging from $88.46 to $89.41. 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.
- F5. This transaction was executed in multiple trades during the day at prices ranging from $89.47 to $90.45. 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.
- F6. This transaction was executed in multiple trades during the day at prices ranging from $90.48 to $91.46. 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.
- F7. This transaction was executed in multiple trades during the day at prices ranging from $91.50 to $92.33. 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
Weighted-average price (800 shares tranche): $86.2788 per share
Highest weighted-average price: $91.8043 per share
+3 more
6 metrics
Shares sold
10,000 shares
Total Class A Common Stock sold by the reporting person on August 3, 2026
Weighted-average price (800 shares tranche)
$86.2788 per share
Weighted-average sale price for 800 shares of Class A Common Stock on August 3, 2026
Highest weighted-average price
$91.8043 per share
Weighted-average sale price for a 2,900-share tranche on August 3, 2026
Number of sale transactions
6 transactions
Non-derivative sales of Class A Common Stock reported for August 3, 2026
Rule 10b5-1 plan adoption date
August 8, 2025
Date the reporting person adopted the Rule 10b5-1 trading plan cited in the footnote
Intraday price range across trades
$85.85 to $92.33
Lowest and highest trade prices referenced in the transaction footnotes for August 3, 2026
Key Terms
Rule 10b5-1 trading plan, weighted-average price, Class A Common Stock, Sale in open market or private transaction
4 terms
Rule 10b5-1 trading plan regulatory
"This transaction was effected pursuant to a Rule 10b5-1 trading plan"
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.
weighted-average price financial
"The weighted-average price is reported above for each transaction"
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 is listed as 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.
Sale in open market or private transaction financial
"Transaction code description: Sale in open market or private transaction"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Robinhood (HOOD) disclose in this Form 4?
Robinhood Markets disclosed that Chief Legal Officer Daniel Martin Gallagher Jr sold 10,000 shares of Class A Common Stock on August 3, 2026. The sales were reported in six tranches, each coded as a “Sale in open market or private transaction.”
When did the reported Robinhood (HOOD) insider sales by Daniel Martin Gallagher Jr occur?
All reported sales by Daniel Martin Gallagher Jr occurred on August 3, 2026. The Form 4 lists six separate non-derivative transactions in Robinhood Class A Common Stock, each executed that day at different weighted-average per-share prices.
Was the Robinhood (HOOD) insider sale made under a Rule 10b5-1 trading plan?
Yes. A footnote states the transaction “was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 8, 2025.” This indicates the sales followed a pre-established trading plan.
What price ranges did the Robinhood (HOOD) insider trades cover during the day?
Footnotes explain each transaction was executed in multiple trades, with intraday price ranges from $85.85 up to $92.33. For each tranche, only the weighted-average price is reported, and the insider offers to provide full trade details upon request.
What role does Daniel Martin Gallagher Jr hold at Robinhood (HOOD)?
Daniel Martin Gallagher Jr is identified as Robinhood’s Chief Legal Officer. The Form 4 notes he is an officer but not a director and not a ten percent owner, and reports his transactions in Class A Common Stock in that capacity.