Bhatt trust sells 57,898 Robinhood shares
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Form Type
4
Rhea-AI Filing Summary
Robinhood Markets director Baiju Bhatt, through the Baiju Bhatt Living Trust, reported a pre-planned sale of 57,898 shares of Class B Common Stock on June 11, 2026, which automatically converted into the same number of Class A shares upon sale under a Rule 10b5-1 trading plan.
The shares were sold in multiple open-market transactions at weighted-average prices ranging from about $85.97 to $93.46. After these transactions, the Living Trust continued to hold 46,948,479 shares of Class B Common Stock indirectly, while Bhatt directly held 3,579 shares of Class A Common Stock.
Insider Trade Summary 10b5-1
Exercise and Sale: 57,898 shares ($5.19M approx. pre-tax spread)
Exercise and Sale
11 txns
Insider
Bhatt Baiju
Role
Director
Sold
57,898 shs ($5.19M)
Approx. gross sale proceeds
$5.19M
Approx. exercise cost
$0.00
Approx. pre-tax spread
$5.19M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 57,898 | $0.00 | $0.00 |
| Conversion | Class A Common Stock | 57,898 | $0.00 | $0.00 |
| Sale | Class A Common Stock | 5,000 | $86.5384 | $433K |
| Sale | Class A Common Stock | 12,280 | $87.3823 | $1.07M |
| Sale | Class A Common Stock | 8,013 | $88.4139 | $708K |
| Sale | Class A Common Stock | 9,951 | $89.5273 | $891K |
| Sale | Class A Common Stock | 3,400 | $90.4176 | $307K |
| Sale | Class A Common Stock | 6,448 | $91.5854 | $591K |
| Sale | Class A Common Stock | 10,392 | $92.5225 | $961K |
| Sale | Class A Common Stock | 2,414 | $93.2088 | $225K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 46,948,479 contracts (Indirect, By Living Trust);
Class A Common Stock — 0 shares (Indirect, By Living Trust);
Class A Common Stock — 3,579 shares (Direct)
Footnotes (10)
- F1. As part of the transactions effected on June 11, 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 57,898 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 $85.97 to $86.95. 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.
- F4. This transaction was executed in multiple trades during the day at prices ranging from $86.98 to $87.97. 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 $87.98 to $88.96. 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 $89.00 to $89.97. 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 $90.00 to $90.98. 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 $91.01 to $91.99. 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.
- F9. This transaction was executed in multiple trades during the day at prices ranging from $92.01 to $93.00. 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.
- F10. This transaction was executed in multiple trades during the day at prices ranging from $93.01 to $93.46. 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: 57,898 shares
Sale price range: $85.97–$93.46 per share
Class B shares remaining: 46,948,479 shares
+2 more
5 metrics
Shares sold
57,898 shares
Aggregate Class B shares sold and converted to Class A on June 11, 2026
Sale price range
$85.97–$93.46 per share
Weighted-average price ranges for multiple trades on June 11, 2026
Class B shares remaining
46,948,479 shares
Indirect holdings by Baiju Bhatt Living Trust after conversion and sale
Direct Class A holdings
3,579 shares
Class A Common Stock held directly by Baiju Bhatt after transactions
Converted shares
57,898 shares
Class B Common Stock automatically converted into Class A upon sale
Key Terms
Rule 10b5-1 trading plan, Class B Common Stock, automatic conversion, weighted-average price, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"transactions effected on June 11, 2026 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.
Class B Common Stock financial
"the Living Trust sold an aggregate of 57,898 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 upon execution of the sales"
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.
multiple trades during the day financial
"This transaction was executed in multiple trades during the day at prices ranging from $85.97 to $86.95."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Baiju Bhatt report in this Robinhood (HOOD) Form 4 filing?
Baiju Bhatt reported that his Living Trust sold 57,898 shares of Robinhood stock on June 11, 2026 under a Rule 10b5-1 trading plan. The sales involved Class B shares that automatically converted into Class A shares upon execution of the trades.
Were Baiju Bhatt’s Robinhood stock sales made under a Rule 10b5-1 plan?
Yes. The filing states the transactions were effected under a Rule 10b5-1 trading plan adopted by the Baiju Bhatt Living Trust on November 13, 2025. Such pre-arranged plans schedule trades in advance, making their timing more routine and less discretionary.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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