Robinhood legal chief sells 10,000 shares under plan

Accepted by SEC EDGAR 08/05/2026 - 04:39 PM EDT Learn about SEC filing dates

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.

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)

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 $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.
3. 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.
4. 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.
5. 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.
6. 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.
7. 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"

FAQ

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

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.”

How many Robinhood (HOOD) shares did Daniel Martin Gallagher Jr sell and at what prices?

Daniel Martin Gallagher Jr sold 10,000 shares of Robinhood Class A Common Stock. Weighted-average per-share prices for the six tranches ranged from $86.2788 to $91.8043, with each tranche executed in multiple trades during the trading day.

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.

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Form 4 Insider Transactions: What Each Field Means →

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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)
08/03/2026

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	08/03/2026		S(1)		800	D	$86.2788(2)	470,596	D
Class A Common Stock	08/03/2026		S(1)		400	D	$87.195(3)	470,196	D
Class A Common Stock	08/03/2026		S(1)		300	D	$89.0767(4)	469,896	D
Class A Common Stock	08/03/2026		S(1)		2,200	D	$90.061(5)	467,696	D
Class A Common Stock	08/03/2026		S(1)		3,400	D	$90.9415(6)	464,296	D
Class A Common Stock	08/03/2026		S(1)		2,900	D	$91.8043(7)	461,396	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 $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.

3. 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.

4. 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.

5. 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.

6. 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.

7. 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.

Remarks:

	/s/ Maureen Montgomery, attorney-in-fact for Daniel M. Gallagher, Jr.	08/05/2026
	** 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)