Robinhood (NASDAQ: HOOD) legal chief sells 10,000 shares under 10b5-1 plan

Q: Were the Robinhood (HOOD) insider sales under a Rule 10b5-1 trading plan?

Yes. A footnote states the transactions were made under a Rule 10b5-1 trading plan adopted on August 8, 2025 . Such plans pre-schedule trades, indicating the timing was set in advance rather than chosen opportunistically.

Q: Did the Robinhood (HOOD) insider sales involve derivatives or option exercises?

No. The reported transactions all involve non-derivative Class A Common Stock and are coded as open-market sales. The derivative summary section in the data is empty, indicating no option or other derivative exercises in this filing.

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Robinhood Markets, Inc. Chief Legal Officer Daniel Martin Gallagher Jr. reported selling 10,000 shares of Class A Common Stock on May 4, 2026 in a series of open-market transactions. The sales occurred at weighted-average prices ranging from about $74.82 to $78.05.

The filing notes these transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted on August 8, 2025, indicating the sales were scheduled in advance rather than timed discretionarily. All transactions involved shares held directly by the reporting officer.

Insider Trade Summary 10b5-1

Net Seller: 10,000 shares ($768,908)

Net Sell 4 txns

Insider Gallagher Daniel Martin Jr

Role Chief Legal Officer

Sold 10,000 shs ($769K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	200	$75.265	$15K
Sale	Class A Common Stock	6,000	$76.6312	$460K
Sale	Class A Common Stock	3,700	$77.3682	$286K
Sale	Class A Common Stock	100	$78.05	$8K

Holdings After Transaction: Class A Common Stock — 442,649 shares (Direct, null)

Footnotes (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 $74.82 to $75.71. 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 $75.95 to $76.94. 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 $76.96 to $77.94. 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 during the day at the price of $78.05. 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 (highest reported): $78.05/share Sale price (example tranche): $77.3682/share +4 more

7 metrics

Shares sold 10,000 shares Total Class A Common Stock sold on May 4, 2026

Sale price (highest reported) $78.05/share Weighted-average price for one sale tranche

Sale price (example tranche) $77.3682/share Weighted-average price for 3,700-share sale

Sale price (example tranche) $76.6312/share Weighted-average price for 6,000-share sale

Transaction count 4 sales Non-derivative open-market sale transactions reported

Plan adoption date August 8, 2025 Date Rule 10b5-1 trading plan was adopted

Transaction date May 4, 2026 Date of all reported open-market sales

Key Terms

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

5 terms

Rule 10b5-1 trading plan regulatory

"This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person"

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."

open-market sale financial

"transaction_action: "open-market sale""

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.

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.

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Form 4 Insider Transactions: What Each Field Means →

05/06/2026 - 04:32 PM

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).

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)
05/04/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	05/04/2026		S⁽¹⁾		200	D	$75.265⁽²⁾	442,649	D
Class A Common Stock	05/04/2026		S⁽¹⁾		6,000	D	$76.6312⁽³⁾	436,649	D
Class A Common Stock	05/04/2026		S⁽¹⁾		3,700	D	$77.3682⁽⁴⁾	432,949	D
Class A Common Stock	05/04/2026		S⁽¹⁾		100	D	$78.05⁽⁵⁾	432,849	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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 $74.82 to $75.71. 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 $75.95 to $76.94. 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 $76.96 to $77.94. 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.

5. This transaction was executed during the day at the price of $78.05. 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 Daniel M. Gallagher, Jr.	05/06/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider activity did Robinhood (HOOD) disclose for Daniel Gallagher?

Robinhood disclosed that Chief Legal Officer Daniel Martin Gallagher Jr. sold 10,000 shares of Class A Common Stock in open-market transactions on May 4, 2026, according to a Form 4 insider trading report filed with the SEC.

At what prices did the Robinhood (HOOD) insider shares sell on May 4, 2026?

The reported Robinhood insider sales occurred at weighted-average prices between about $74.82 and $78.05. Individual trades during the day fell within disclosed ranges around those averages, reflecting multiple executions rather than a single block sale.

How many Robinhood (HOOD) shares did the Chief Legal Officer sell?

Chief Legal Officer Daniel Martin Gallagher Jr. sold a total of 10,000 shares of Robinhood Class A Common Stock. The Form 4 groups these into four separate open-market sale transactions executed on the same date.

Were the Robinhood (HOOD) insider sales under a Rule 10b5-1 trading plan?

Yes. A footnote states the transactions were made under a Rule 10b5-1 trading plan adopted on August 8, 2025. Such plans pre-schedule trades, indicating the timing was set in advance rather than chosen opportunistically.

Did the Robinhood (HOOD) insider sales involve derivatives or option exercises?

No. The reported transactions all involve non-derivative Class A Common Stock and are coded as open-market sales. The derivative summary section in the data is empty, indicating no option or other derivative exercises in this filing.

Does the Robinhood (HOOD) Form 4 show direct or indirect ownership for these shares?

The Form 4 classifies all reported holdings and transactions as direct ownership by Daniel Martin Gallagher Jr. There are no footnotes indicating trust, LLC, or other indirect holding structures for the shares involved in these sales.