Robinhood director Bhatt's trust sells 50,912 shares

The Living Trust of Robinhood Markets, Inc. director Baiju Bhatt sold 50,912 Class B shares on October 21, 2026, under a Rule 10b5-1 plan adopted November 13, 2025.

Rhea-AI Filing Summary

The Living Trust of Robinhood Markets, Inc. director Baiju Bhatt sold 50,912 Class B shares on October 21, 2026, under a Rule 10b5-1 plan adopted November 13, 2025. The shares automatically converted into the same number of Class A shares upon execution of the sales. The four reported Class A sale tranches were 10,500 shares at a weighted-average price of $99.4705 per share, 6,000 at $100.3752, 11,232 at $101.7191, and 23,180 at $102.3836. The Living Trust held 46,754,654 Class B shares following the transactions.

Insider Trade Summary 10b5-1

Exercise and sale activity reported; no spread calculated

Exercise and Sale 7 txns

Insider Bhatt Baiju

Role Director

Sold 50,912 shs ($5.16M)

Approx. gross sale proceeds $5.16M

Type	Security	Shares	Price	Value
Conversion	Class B Common Stock F1	50,912	$0.00	$0.00
Conversion	Class A Common Stock F1	50,912	--	--
Sale	Class A Common Stock F2, F3	10,500	$99.4705	$1.04M
Sale	Class A Common Stock F2, F4	6,000	$100.3752	$602K
Sale	Class A Common Stock F2, F5	11,232	$101.7191	$1.14M
Sale	Class A Common Stock F2, F6	23,180	$102.3836	$2.37M
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Class B Common Stock — 46,754,654 contracts (Indirect, By Living Trust); Class A Common Stock — 0 shares (Indirect, By Living Trust); Class A Common Stock — 4,636 shares (Direct)

Footnotes (6)

1. F1. As part of the transactions effected on October 21, 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 50,912 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.
2. F2. This transaction was effected pursuant to the Bhatt 10b5-1 plan.
3. F3. This transaction was executed in multiple trades during the day at prices ranging from $98.96 to $99.95. 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.
4. F4. This transaction was executed in multiple trades during the day at prices ranging from $99.96 to $100.94. 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. F5. This transaction was executed in multiple trades during the day at prices ranging from $101.01 to $102.00. 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.
6. F6. This transaction was executed in multiple trades during the day at prices ranging from $102.01 to $102.87. 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: 50,912 shares Class A shares sold: 10,500 shares at $99.4705 per share Class A shares sold: 6,000 shares at $100.3752 per share +4 more

7 metrics

Class B shares converted 50,912 shares Automatically converted into Class A shares on October 21, 2026

Class A shares sold 10,500 shares at $99.4705 per share Weighted-average price on October 21, 2026

Class A shares sold 6,000 shares at $100.3752 per share Weighted-average price on October 21, 2026

Class A shares sold 11,232 shares at $101.7191 per share Weighted-average price on October 21, 2026

Class A shares sold 23,180 shares at $102.3836 per share Weighted-average price on October 21, 2026

Class B shares held indirectly 46,754,654 shares Living Trust position following the transactions on October 21, 2026

Class A shares held directly 4,636 shares Direct holding reported on October 21, 2026

Key Terms

Rule 10b5-1 trading plan, weighted-average price, automatic conversion

3 terms

Rule 10b5-1 trading plan regulatory

"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.

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.

automatic conversion technical

"resulting in an automatic conversion of the same amount"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many HOOD shares did Baiju Bhatt's Living Trust sell?

The Living Trust sold 50,912 Class B shares on October 21, 2026, under a Rule 10b5-1 plan adopted November 13, 2025. The shares automatically converted into 50,912 Class A shares upon execution of the sales.

What were the reported HOOD share sale prices?

The reported Class A sales were 10,500 shares at a weighted-average price of $99.4705 per share, 6,000 at $100.3752, 11,232 at $101.7191, and 23,180 at $102.3836. Each sale was reported for October 21, 2026.

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

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Available on EDGAR 10/23/2026 - 04:33 PM EDT Accepted by SEC EDGAR 10/23/2026 - 04:33 PM EDT 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^*

Bhatt Baiju

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/21/2026

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	10/21/2026		C		50,912	A	(1)	50,912	I	By Living Trust
Class A Common Stock	10/21/2026		S(2)		10,500	D	$99.4705(3)	40,412	I	By Living Trust
Class A Common Stock	10/21/2026		S(2)		6,000	D	$100.3752(4)	34,412	I	By Living Trust
Class A Common Stock	10/21/2026		S(2)		11,232	D	$101.7191(5)	23,180	I	By Living Trust
Class A Common Stock	10/21/2026		S(2)		23,180	D	$102.3836(6)	0	I	By Living Trust
Class A Common Stock								4,636	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
Class B Common Stock	(1)	10/21/2026		C			50,912	(1)	(1)	Class A Common Stock	50,912	$0	46,754,654	I	By Living Trust

Explanation of Responses:

1. As part of the transactions effected on October 21, 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 50,912 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.

2. This transaction was effected pursuant to the Bhatt 10b5-1 plan.

3. This transaction was executed in multiple trades during the day at prices ranging from $98.96 to $99.95. 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.

4. This transaction was executed in multiple trades during the day at prices ranging from $99.96 to $100.94. 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 in multiple trades during the day at prices ranging from $101.01 to $102.00. 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.

6. This transaction was executed in multiple trades during the day at prices ranging from $102.01 to $102.87. 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 Baiju Bhatt	10/23/2026
	** 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)