Robinhood CLO sells 10,000 shares in 10b5-1 trades

Robinhood’s Chief Legal Officer reported selling 10,000 HOOD Class A shares under a pre-set Rule 10b5-1 trading plan.

Rhea-AI Filing Summary

Robinhood Markets, Inc. (HOOD) reported that its Chief Legal Officer, Daniel Martin Gallagher Jr., sold 10,000 shares of Class A Common Stock on September 3, 2026, in a series of open-market transactions at prices ranging from about $113.45 to $124.62 per share.

The sales were effected pursuant to a Rule 10b5-1 trading plan adopted on August 8, 2025, and several trades were executed in multiple lots at weighted-average prices, with full trade details available to regulators and shareholders upon request. Post-transaction share holdings are not stated in this filing.

Insider Trade Summary 10b5-1

Net Seller: 10,000 shares

Net Sell 10 txns

Insider Gallagher Daniel Martin Jr

Role Chief Legal Officer

Sold 10,000 shs ($1.22M)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock F1, F2	100	$113.45	$11K
Sale	Class A Common Stock F1, F2	100	$115.84	$12K
Sale	Class A Common Stock F1, F3	200	$117.165	$23K
Sale	Class A Common Stock F1, F4	300	$118.3733	$36K
Sale	Class A Common Stock F1, F5	900	$119.6022	$108K
Sale	Class A Common Stock F1, F6	400	$120.7725	$48K
Sale	Class A Common Stock F1, F7	800	$121.6575	$97K
Sale	Class A Common Stock F1, F8	3,800	$122.996	$467K
Sale	Class A Common Stock F1, F9	2,700	$123.9133	$335K
Sale	Class A Common Stock F1, F10	700	$124.6192	$87K

Holdings After Transaction: Class A Common Stock — 509,943 shares (Direct)

Footnotes (10)

1. F1. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 8, 2025.
2. F2. This transaction was executed during the day at the price 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. F3. This transaction was executed in multiple trades during the day at prices ranging from $116.91 to $117.42. 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. F4. This transaction was executed in multiple trades during the day at prices ranging from $118.05 to $118.74. 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. F5. This transaction was executed in multiple trades during the day at prices ranging from $119.21 to $120.12. 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.
6. F6. This transaction was executed in multiple trades during the day at prices ranging from $120.28 to $120.95. 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.
7. F7. This transaction was executed in multiple trades during the day at prices ranging from $121.34 to $122.05. 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.
8. F8. This transaction was executed in multiple trades during the day at prices ranging from $122.45 to $123.41. 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.
9. F9. This transaction was executed in multiple trades during the day at prices ranging from $123.45 to $124.39. 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.
10. F10. This transaction was executed in multiple trades during the day at prices ranging from $124.46 to $124.84. 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: 10,000 shares Lowest reported sale price: $113.45 per share Highest reported sale price: $124.62 per share +2 more

5 metrics

Shares sold 10,000 shares Total Class A Common Stock sold by the Chief Legal Officer on September 3, 2026

Lowest reported sale price $113.45 per share Price for 100 shares of Class A Common Stock sold on September 3, 2026

Highest reported sale price $124.62 per share Price for 700 shares of Class A Common Stock sold on September 3, 2026

Number of sale transactions 10 transactions Count of separate Class A Common Stock sale entries on September 3, 2026

Rule 10b5-1 plan adoption date August 8, 2025 Date the reporting person adopted the trading plan used for these sales

Key Terms

Rule 10b5-1 trading plan, weighted-average price, Class A Common Stock

3 terms

Rule 10b5-1 trading plan regulatory

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

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 A Common Stock financial

"security title Class A Common Stock for each reported transaction"

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.

FAQ

What insider transaction did HOOD report for its Chief Legal Officer?

Robinhood Markets, Inc. reported that Chief Legal Officer Daniel Martin Gallagher Jr. sold 10,000 shares of Class A Common Stock on September 3, 2026 in multiple open-market transactions at various prices.

At what prices were the 10,000 HOOD shares sold by the Chief Legal Officer?

The 10,000 HOOD Class A shares were sold at prices ranging from about $113.45 to $124.62 per share, with several trades reported at weighted-average prices for groups of executions during the day.

Was the HOOD insider sale made under a Rule 10b5-1 plan?

Yes. The filing states the transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 8, 2025, indicating they followed a pre-established trading schedule.

How many separate sale transactions did the HOOD filing report?

The Form 4 for HOOD reports 10 separate sale transactions on September 3, 2026, all involving Class A Common Stock and coded as open-market or private sales.

Does the HOOD Form 4 disclose the executive’s remaining share holdings?

No. Each reported transaction lists the number of shares sold, but the field for total shares following the transaction is blank, so the filing does not state the Chief Legal Officer’s remaining holdings.

Where can investors find more detail on the HOOD insider trade prices?

Footnotes explain that several transactions were executed in multiple trades at price ranges, with a weighted-average price reported. The reporting person undertakes to provide full breakdowns of shares and prices to the SEC staff, the issuer, or any security holder upon request.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/04/2026 - 05:14 PM Accepted by SEC EDGAR 09/04/2026 - 05:13 PM Learn about SEC filing dates

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^*

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)
09/03/2026

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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	09/03/2026		S(1)		100	D	$113.45(2)	519,843	D
Class A Common Stock	09/03/2026		S(1)		100	D	$115.84(2)	519,743	D
Class A Common Stock	09/03/2026		S(1)		200	D	$117.165(3)	519,543	D
Class A Common Stock	09/03/2026		S(1)		300	D	$118.3733(4)	519,243	D
Class A Common Stock	09/03/2026		S(1)		900	D	$119.6022(5)	518,343	D
Class A Common Stock	09/03/2026		S(1)		400	D	$120.7725(6)	517,943	D
Class A Common Stock	09/03/2026		S(1)		800	D	$121.6575(7)	517,143	D
Class A Common Stock	09/03/2026		S(1)		3,800	D	$122.996(8)	513,343	D
Class A Common Stock	09/03/2026		S(1)		2,700	D	$123.9133(9)	510,643	D
Class A Common Stock	09/03/2026		S(1)		700	D	$124.6192(10)	509,943	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 August 8, 2025.

2. This transaction was executed during the day at the price 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 $116.91 to $117.42. 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 $118.05 to $118.74. 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 in multiple trades during the day at prices ranging from $119.21 to $120.12. 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.

6. This transaction was executed in multiple trades during the day at prices ranging from $120.28 to $120.95. 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.

7. This transaction was executed in multiple trades during the day at prices ranging from $121.34 to $122.05. 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.

8. This transaction was executed in multiple trades during the day at prices ranging from $122.45 to $123.41. 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.

9. This transaction was executed in multiple trades during the day at prices ranging from $123.45 to $124.39. 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.

10. This transaction was executed in multiple trades during the day at prices ranging from $124.46 to $124.84. 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/ Maureen Montgomery, attorney-in-fact for Daniel M. Gallagher, Jr.	09/04/2026
	** 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)