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

Rhea-AI Filing Summary

Steven M. Quirk, Chief Brokerage Officer of Robinhood Markets, Inc. (HOOD), reported the sale of 60,113 shares of Class A common stock on 09/03/2025 under a Rule 10b5-1 trading plan adopted November 12, 2024. The trades executed during the day at prices ranging from $99.59 to $102.68, with a reported weighted-average price of $100.9105. After the reported disposition, the filing shows the Reporting Person beneficially owns 94,454 shares. The Form 4 was signed on behalf of Mr. Quirk by an attorney-in-fact on 09/05/2025 and includes an undertaking to provide detailed trade-level information upon request.

Positive

• Sale executed under a Rule 10b5-1 trading plan, indicating the transactions were pre-arranged
• Disclosure of execution price range ($99.59–$102.68) and weighted-average price ($100.9105)
• Commitment to provide trade-level details upon request, increasing transparency

Negative

• Large disposition of 60,113 shares reduced the Reporting Person's stake to 94,454 shares

Insights

Financial Analyst

TL;DR: Routine insider sale under a pre-arranged 10b5-1 plan; notable for disclosure of execution range and remaining holdings.

The filing documents a non-derivative disposition of 60,113 Class A shares executed on 09/03/2025 at a weighted-average price of $100.9105. The sale was effected pursuant to a Rule 10b5-1 plan adopted on November 12, 2024, which indicates the trades were preplanned rather than opportunistic. Post-transaction beneficial ownership is reported as 94,454 shares. For investors, the key facts are the sale size, the clear price range ($99.59–$102.68), and that additional trade-level details are available on request.

Corporate Governance Expert

TL;DR: Proper disclosure and use of a 10b5-1 plan; filing includes explicit price range and an attorney-in-fact signature.

The Form 4 shows compliance with Section 16 reporting: the transaction is identified as executed under a Rule 10b5-1 plan adopted 11/12/2024, and the filer supplies a weighted-average price plus the execution price range. The form is signed by an attorney-in-fact on 09/05/2025, and the Reporting Person commits to provide complete trade-level data to regulators or holders upon request. These elements support transparency and procedural compliance in insider trading disclosures.

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^*

Quirk Steven M.

(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 Brokerage Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/03/2025

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	09/03/2025		S(1)		60,113	D	$100.9105(2)	94,454	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 November 12, 2024.

2. This transaction was executed in multiple trades during the day at prices ranging from $99.59 to $102.68. 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/ Matthew Yorkavich, attorney-in-fact for Steven M. Quirk	09/05/2025
	** 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 insider activity did Steven M. Quirk report on Form 4 for HOOD?

The Form 4 reports a sale of 60,113 Class A shares on 09/03/2025 with a weighted-average price of $100.9105.

Was the transaction by Steven M. Quirk part of a 10b5-1 trading plan?

Yes. The filing states the sale was effected pursuant to a Rule 10b5-1 trading plan adopted on November 12, 2024.

What price range did the reported trades execute at?

Trades executed during the day at prices ranging from $99.59 to $102.68, per the filing.

How many shares does the Reporting Person own after the sale?

The Form 4 reports beneficial ownership of 94,454 shares following the reported transactions.

Who signed the Form 4 filing for Steven M. Quirk and when?

The form is signed by Matthew Yorkavich, attorney-in-fact for Steven M. Quirk on 09/05/2025.