Robinhood director Baiju Bhatt sells 49,223 shares
Robinhood Markets director Baiju Bhatt, through the Baiju Bhatt Living Trust, reported transactions on July 24, 2026.
Rhea-AI Filing Summary
Robinhood Markets director Baiju Bhatt, through the Baiju Bhatt Living Trust, reported transactions on July 24, 2026. The trust sold 49,223 shares of Class B Common Stock, which automatically converted into 49,223 shares of Class A Common Stock that were sold in multiple trades at prices ranging from $93.17 to $99.92 under a Rule 10b5-1 trading plan adopted on November 13, 2025. After these transactions, the trust held 46,899,256 shares of Class B Common Stock, and Bhatt directly held 3,703 shares of Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
9 txns
Insider
Bhatt Baiju
Role
Director
Sold
49,223 shs ($4.68M)
Approx. gross sale proceeds
$4.68M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock F1 | 49,223 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F1 | 49,223 | -- | -- |
| Sale | Class A Common Stock F2, F3 | 4,500 | $93.7739 | $422K |
| Sale | Class A Common Stock F2, F4 | 23,752 | $94.6953 | $2.25M |
| Sale | Class A Common Stock F2, F5 | 17,071 | $95.4895 | $1.63M |
| Sale | Class A Common Stock F2, F6 | 2,100 | $96.6033 | $203K |
| Sale | Class A Common Stock F2, F7 | 1,500 | $97.682 | $147K |
| Sale | Class A Common Stock F2, F8 | 300 | $99.4867 | $30K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 46,899,256 contracts (Indirect, By Living Trust);
Class A Common Stock — 0 shares (Indirect, By Living Trust);
Class A Common Stock — 3,703 shares (Direct)
Footnotes (8)
- F1. As part of the transactions effected on July 24, 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 49,223 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 $93.17 to $94.16. 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 $94.17 to $95.16. 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 $95.17 to $96.15. 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.
- F6. This transaction was executed in multiple trades during the day at prices ranging from $96.26 to $97.03. 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.
- F7. This transaction was executed in multiple trades during the day at prices ranging from $97.33 to $98.00. 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.
- F8. This transaction was executed in multiple trades during the day at prices ranging from $99.15 to $99.92. 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: 49,223 shares
Shares converted: 49,223 shares
Remaining Class B holdings: 46,899,256 shares
+2 more
5 metrics
Shares sold
49,223 shares
Aggregate Class A shares sold on July 24, 2026 by the Baiju Bhatt Living Trust
Shares converted
49,223 shares
Class B shares automatically converted into Class A upon execution of sales on July 24, 2026
Remaining Class B holdings
46,899,256 shares
Class B Common Stock held indirectly by the Baiju Bhatt Living Trust after the reported transactions
Direct Class A holdings
3,703 shares
Class A Common Stock reported as held directly by Baiju Bhatt on July 24, 2026
Sale price range
$93.17–$99.92 per share
Intraday price range for the Class A sales, as detailed in transaction footnotes
Key Terms
Rule 10b5-1 trading plan, Class B Common Stock, automatic conversion, weighted-average price
4 terms
Rule 10b5-1 trading plan financial
"As part of the transactions effected on July 24, 2026 pursuant to the 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.
Class B Common Stock financial
"the Living Trust sold an aggregate of 49,223 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.
automatic conversion financial
"resulting in an automatic conversion of the same amount of shares into Class A Common Stock"
weighted-average price financial
"The weighted-average price is reported above. The Reporting Person hereby undertakes"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Baiju Bhatt report for Robinhood Markets (HOOD) on July 24, 2026?
On July 24, 2026, Baiju Bhatt’s Living Trust sold 49,223 Class B shares, which automatically converted into 49,223 Class A shares, and then sold those Class A shares in multiple trades at prices between $93.17 and $99.92.
Were Baiju Bhatt’s July 24, 2026 HOOD stock sales made under a Rule 10b5-1 plan?
Yes. The footnotes state the transactions were effected under a Rule 10b5-1 trading plan adopted by the Baiju Bhatt Living Trust on November 13, 2025, indicating the sales were pre-arranged rather than discretionary on that day.
AI-generated analysis. How Rhea-AI works. Not financial advice.
