Robinhood director sells 50K shares near $96
Robinhood Markets, Inc. (HOOD) director Baiju Bhatt, through the Baiju Bhatt Living Trust, converted 50,317 shares of Class B Common Stock into the same number of Class A shares on August 14, 2026.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Robinhood Markets, Inc. (HOOD) director Baiju Bhatt, through the Baiju Bhatt Living Trust, converted 50,317 shares of Class B Common Stock into the same number of Class A shares on August 14, 2026. The trust then sold all 50,317 Class A shares in open-market transactions under a Rule 10b5-1 trading plan adopted on November 13, 2025.
Following these transactions, the Living Trust held 46,848,939 shares of Class B Common Stock indirectly, and Bhatt held 3,703 shares of Class A Common Stock directly.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
6 txns
Insider
Bhatt Baiju
Role
Director
Sold
50,317 shs ($4.87M)
Approx. gross sale proceeds
$4.87M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock F1 | 50,317 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F1 | 50,317 | -- | -- |
| Sale | Class A Common Stock F2, F3 | 17,271 | $95.8481 | $1.66M |
| Sale | Class A Common Stock F2, F4 | 27,245 | $97.1915 | $2.65M |
| Sale | Class A Common Stock F2, F5 | 5,801 | $97.7854 | $567K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 46,848,939 contracts (Indirect, By Living Trust);
Class A Common Stock — 0 shares (Indirect, By Living Trust);
Class A Common Stock — 3,703 shares (Direct)
Footnotes (5)
- F1. As part of the transactions effected on August 14, 2026 pursuant to the Rule 10b5-1 trading plan adopted by the Baiju Bhatt Living Trust ("Living Trust") on November 13, 2025 ("Bhatt 10b5-1 plan"), the Living Trust sold an aggregate of 50,317 shares of its Class B Common Stock, resulting in an automatic conversion of the same amount of shares into Class A Common Stock upon execution of the sales.
- F2. This transaction was effected pursuant to the Bhatt 10b5-1 plan.
- F3. This transaction was executed in multiple trades during the day at prices ranging from $95.49 to $96.44. 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 $96.57 to $97.56. 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 $97.57 to $98.33. 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
Class B shares converted: 50,317 shares
Class A shares sold: 50,317 shares
Sale price block 1: $95.8481 per share
+5 more
8 metrics
Class B shares converted
50,317 shares
Class B Common Stock automatically converted into Class A upon sales on August 14, 2026
Class A shares sold
50,317 shares
Aggregate Class A Common Stock sold by Living Trust on August 14, 2026
Sale price block 1
$95.8481 per share
Weighted-average price for 17,271 Class A shares sold indirectly by Living Trust
Sale price block 2
$97.1915 per share
Weighted-average price for 27,245 Class A shares sold indirectly by Living Trust
Sale price block 3
$97.7854 per share
Weighted-average price for 5,801 Class A shares sold indirectly by Living Trust
Remaining Class B holdings (indirect)
46,848,939 shares
Class B Common Stock held by Living Trust after derivative conversion
Direct Class A holdings
3,703 shares
Class A Common Stock held directly by Baiju Bhatt after reported transactions
10b5-1 plan adoption date
November 13, 2025
Date Baiju Bhatt Living Trust adopted Rule 10b5-1 trading plan governing these sales
Key Terms
Rule 10b5-1 trading plan, weighted-average price, Class B Common Stock, Class A Common Stock, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"pursuant to the Rule 10b5-1 trading plan adopted by the Baiju Bhatt Living Trust"
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"
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 B Common Stock financial
"sold an aggregate of 50,317 shares of its Class B Common Stock"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
Class A Common Stock financial
"conversion of the same amount of shares into 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.
Living Trust other
"the Baiju Bhatt Living Trust ("Living Trust")"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did HOOD director Baiju Bhatt do in this Form 4 transaction?
Baiju Bhatt, via his Living Trust, converted 50,317 Class B shares into Class A and sold all 50,317 Class A shares on August 14, 2026, in multiple open-market transactions executed under a pre-established Rule 10b5-1 trading plan.
What type of stock did Baiju Bhatt convert and sell in this HOOD Form 4?
The Living Trust sold 50,317 shares of Class B Common Stock, which automatically converted into an equal number of Class A Common Stock upon execution of the sales, resulting in reported non-derivative Class A transactions paired with derivative conversion entries.
AI-generated analysis. How Rhea-AI works. Not financial advice.
