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

Rhea-AI Filing Summary

Jeffrey Tsvi Pinner, Chief Technology Officer of Robinhood Markets, Inc. (HOOD), reported a sale of 5,865 shares of Class A common stock on 09/05/2025 at a weighted-average price of $99.8319 per share under a Rule 10b5-1 trading plan adopted November 11, 2024. After the reported dispositions, the filing shows Mr. Pinner beneficially owned 23,680 shares. The form was signed by an attorney-in-fact on 09/09/2025 and includes an offer to provide full trade-level details on request.

Positive

• Sale executed under a Rule 10b5-1 plan, indicating trades were pre-scheduled and compliant with insider trading rules
• Weighted-average price disclosed ($99.8319) and price range provided ($96.39 to $105.82), offering execution transparency
• Reporting person offers to provide full trade-level details on request, enhancing disclosure transparency

Negative

• Insider sale of 5,865 shares reduces the reporting person's stake to 23,680 shares
• Form shows disposition (S) rather than acquisition, which some investors view as negative even if pre-planned

Insights

Financial Analyst

TL;DR: CTO sold a small number of shares under a pre-established 10b5-1 plan; ownership remains in the mid-tens of thousands.

The filing documents a routine insider sale executed pursuant to a Rule 10b5-1 plan, which typically indicates trades were pre-scheduled and not opportunistic. The weighted-average price of $99.8319 reflects execution across prices from $96.39 to $105.82. The remaining 23,680 shares represent the reporter's continuing equity stake; the filing does not disclose options or other derivative positions. This is a transaction disclosure rather than an operational or financial update of the company.

Corporate Governance Expert

TL;DR: Sale was conducted under a documented 10b5-1 plan, and the filer offers transparency on trade-level details.

The reporting indicates adherence to insider trading governance: the 10b5-1 plan adoption date is provided and the filer commits to supplying detailed trade information on request. The signature is by an attorney-in-fact, consistent with authorized filing practices. There are no disclosures here of policy breaches, adverse events, or changes in role; the filing is a compliance-driven disclosure of a single non-derivative sale.

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^*

Pinner Jeffrey Tsvi

(Last) (First) (Middle)

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 Technology Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/05/2025

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	09/05/2025		S(1)		5,865	D	$99.8319(2)	23,680	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 11, 2024.

2. This transaction was executed in multiple trades during the day at prices ranging from $96.39 to $105.82. 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 Jeffrey Pinner	09/09/2025
	** 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 Jeffrey Pinner (HOOD) report on Form 4 dated 09/05/2025?

He reported a sale of 5,865 shares of Class A common stock executed on 09/05/2025 at a weighted-average price of $99.8319 under a Rule 10b5-1 plan.

Was the trade by the reporting person pre-arranged under a 10b5-1 plan?

Yes. The filing states the transaction was effected pursuant to a Rule 10b5-1 trading plan adopted November 11, 2024.

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

23,680 shares of Class A common stock are reported as beneficially owned following the disclosed sale.

At what prices were the shares sold?

Trades executed in multiple transactions during the day at prices ranging from $96.39 to $105.82; the weighted-average price reported is $99.8319.

Who signed the Form 4 filing for Jeffrey Pinner?

The form was signed by Matthew Yorkavich, attorney-in-fact, on behalf of Jeffrey Pinner on 09/09/2025.