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Robinhood CLO reduces stake to 565,949 shares after 25,000-sale

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Robinhood Markets, Inc. (HOOD) Chief Legal Officer Daniel M. Gallagher Jr. reported the sale of 25,000 shares of Class A common stock on 10/03/2025. The sales were executed under a Rule 10b5-1 trading plan adopted on 08/09/2024 and occurred in multiple intraday trades at prices ranging from $145.43 to $150.08. The filing lists weighted-average prices for each trade tranche and the Reporting Person undertakes to provide trade-level details to the SEC or holders upon request.

After these transactions the Reporting Person’s beneficial ownership of Class A common stock is reported as 565,949 shares. The Form 4 was signed by an attorney-in-fact on 10/07/2025. The filing is a routine insider-sale disclosure showing methodical disposal under a standing trading plan rather than ad hoc transactions.

Positive

  • Trades executed under a Rule 10b5-1 plan, indicating pre‑arranged sales
  • Complete disclosure of trade price ranges and weighted averages, with willingness to provide detailed trade data upon request

Negative

  • Insider sold 25,000 shares on 10/03/2025, reducing beneficial ownership to 565,949 shares
  • Multiple sale tranches at prices between $145.43 and $150.08, which may be interpreted by some market participants as liquidity-driven selling

Insights

Insider sales were systematic under a pre-established plan; ownership fell to 565,949 shares.

The Chief Legal Officer executed 25,000 share disposals on 10/03/2025 via a Rule 10b5-1 plan adopted on 08/09/2024

The key dependency is that the trades were made under an established plan, which typically reduces signaling risk, but the reduction in direct beneficial holdings to 565,949 shares is a concrete change investors may note over time; monitor future Form 4s for additional planned sales or cessations.

Insider Gallagher Daniel Martin Jr
Role Chief Legal Officer
Sold 25,000 shs ($3.71M)
Type Security Shares Price Value
Sale Class A Common Stock 2,200 $146.0377 $321K
Sale Class A Common Stock 2,911 $146.9003 $428K
Sale Class A Common Stock 6,355 $148.1262 $941K
Sale Class A Common Stock 9,412 $148.8608 $1.40M
Sale Class A Common Stock 4,122 $149.7355 $617K
Holdings After Transaction: Class A Common Stock — 588,749 shares (Direct)
Footnotes (1)
  1. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 9, 2024 This transaction was executed in multiple trades during the day at prices ranging from $145.43 to $146.42. 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. This transaction was executed in multiple trades during the day at prices ranging from $146.50 to $147.43. 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 $147.51 to $148.50. 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 $148.51 to $149.48. 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 $149.51 to $150.08. 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.
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Form 4 Insider Transactions: What Each Field Means →
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 CA 94025
(City) (State) (Zip)
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
3. Date of Earliest Transaction (Month/Day/Year)
10/03/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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 10/03/2025 S(1) 2,200 D $146.0377(2) 588,749 D
Class A Common Stock 10/03/2025 S(1) 2,911 D $146.9003(3) 585,838 D
Class A Common Stock 10/03/2025 S(1) 6,355 D $148.1262(4) 579,483 D
Class A Common Stock 10/03/2025 S(1) 9,412 D $148.8608(5) 570,071 D
Class A Common Stock 10/03/2025 S(1) 4,122 D $149.7355(6) 565,949 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 9, 2024
2. This transaction was executed in multiple trades during the day at prices ranging from $145.43 to $146.42. 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.
3. This transaction was executed in multiple trades during the day at prices ranging from $146.50 to $147.43. 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 $147.51 to $148.50. 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 $148.51 to $149.48. 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 $149.51 to $150.08. 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/ Matthew Yorkavich, attorney-in-fact for Daniel M. Gallagher, Jr. 10/07/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What did the HOOD Form 4 filed by Daniel M. Gallagher Jr. disclose?

It disclosed the sale of 25,000 Class A shares on 10/03/2025 executed under a Rule 10b5-1 plan adopted on 08/09/2024.

How many shares does the reporting person own after the transactions (HOOD)?

The filing reports beneficial ownership of 565,949 Class A shares following the reported sales.

Were the sales discretionary or part of a prearranged plan for HOOD insider trades?

The sales were made pursuant to a Rule 10b5-1 trading plan, indicating prearranged, non‑discretionary execution.

What price range did the HOOD trades occur at on 10/03/2025?

The trades executed in multiple intraday trades at prices ranging from $145.43 to $150.08.

Who signed the Form 4 for Daniel M. Gallagher Jr.?

The Form 4 was signed by Matthew Yorkavich, attorney‑in‑fact, on 10/07/2025.