STOCK TITAN
  1. Home
  2. Sec-filings
  3. HOOD
  4. [Form 4] Robinhood Markets, Inc. Insider Trading Activity

Robinhood CTO sells 5,864 shares of Class A stock

Robinhood Markets, Inc. chief technology officer Jeffrey Tsvi Pinner reported selling 5,864 shares of Class A Common Stock on September 22, 2025 in four transactions at per-share prices of $123.2442, $124.0617, $125.3328 and $125.93.

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

Rhea-AI Filing Summary

Robinhood Markets, Inc. chief technology officer Jeffrey Tsvi Pinner reported selling 5,864 shares of Class A Common Stock on September 22, 2025 in four transactions at per-share prices of $123.2442, $124.0617, $125.3328 and $125.93. After these sales, he directly holds 17,816 shares of Class A Common Stock. At least one reported sale was effected pursuant to a Rule 10b5-1 trading plan adopted on November 11, 2024, and certain prices reflect weighted-average figures for multiple trades executed during the day.

Positive

  • None.

Negative

  • None.

Insights

TL;DR: Officer executed preplanned sales under a 10b5-1 plan; transparency on pricing and willingness to provide trade details reduce governance concerns.

The reported disposals total 5,864 Class A shares sold across multiple intra-day trades on 09/22/2025. The seller disclosed the 10b5-1 plan adoption date, provided weighted-average prices and committed to furnish full trade-level detail on request. Those elements align with accepted governance practices for insider sales, improving transparency. The decline in beneficial ownership from 22,480 to 17,816 shares is quantifiable and material for monitoring but the existence of a documented trading plan indicates the sales were prearranged rather than opportunistic.

TL;DR: Officer share sales reduced holdings by ~26%; executed at mid-$120s per share under a 10b5-1 plan, likely routine liquidity.

The filings report four sale events with weighted-average prices between $123.24 and $125.93, resulting in a cumulative 5,864-share disposition and a remaining reported holding of 17,816 shares. For investors, the key facts are the sizes, prices, and the 10b5-1 plan adoption date (11/11/2024). While insider sales decrease insider ownership, the structured plan and provided price ranges suggest preplanned liquidity rather than a reaction to nonpublic company developments. The filing offers sufficient detail to quantify ownership change precisely.

Insider Pinner Jeffrey Tsvi
Role Chief Technology Officer
Sold 5,864 shs ($728K)
Type Security Shares Price Value
Sale Class A Common Stock 1,200 $123.2442 $148K
Sale Class A Common Stock 3,607 $124.0617 $447K
Sale Class A Common Stock 1,038 $125.3328 $130K
Sale Class A Common Stock 19 $125.93 $2K
Holdings After Transaction: Class A Common Stock — 17,816 shares (Direct)
Footnotes (5)
  1. F1. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 11, 2024.
  2. F2. This transaction was executed in multiple trades during the day at prices ranging from $122.58 to $123.57. 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. F3. This transaction was executed in multiple trades during the day at prices ranging from $123.70 to $124.67. 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 $124.88 to $125.79. 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 a single trade during the day at a price of $125.93. 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.
Shares sold 5,864 shares Total Class A Common Stock sold on September 22, 2025
Sale price 1 $123.2442 per share Weighted-average price for one reported sale
Sale price 2 $124.0617 per share Weighted-average price for one reported sale
Sale price 3 $125.3328 per share Weighted-average price for one reported sale
Sale price 4 $125.93 per share Price for single-trade sale
Post-transaction holdings 17,816 shares Direct Class A Common Stock held after transactions
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
"This transaction was executed in multiple trades... 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 market
"security_title: Class A Common Stock"
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 CTO Jeffrey Tsvi Pinner report?
Jeffrey Tsvi Pinner reported selling 5,864 HOOD shares of Class A Common Stock on September 22, 2025, across four transactions at prices of $123.2442, $124.0617, $125.3328 and $125.93 per share, and continues to hold 17,816 shares directly.

How many Robinhood (HOOD) shares does Pinner hold after this Form 4?
Pinner holds 17,816 HOOD shares directly of Class A Common Stock after the reported September 22, 2025 sales. This post-transaction balance reflects his ongoing direct ownership position following the aggregate sale of 5,864 shares disclosed in the Form 4.

Were Pinner’s HOOD share sales made under a Rule 10b5-1 plan?
At least one of Pinner’s reported HOOD share sales was effected under a Rule 10b5-1 trading plan adopted on November 11, 2024. Footnote disclosure indicates the use of this pre-arranged plan for at least one of the September 22, 2025 transactions.

What prices were received in Pinner’s HOOD stock sales?
Pinner’s September 22, 2025 HOOD sales were reported at $123.2442, $124.0617, $125.3328 and $125.93 per share. Some prices represent weighted-average figures for multiple trades executed during the day, while one transaction was a single trade at $125.93.

How many HOOD share sale transactions did Pinner report on this date?
Pinner reported four separate sale transactions in HOOD Class A Common Stock on September 22, 2025. Together they total 5,864 shares sold, with each transaction priced separately and some reflecting weighted-average prices across multiple intraday trades.

Does the Form 4 indicate how Pinner’s HOOD trades were executed?
Yes. The Form 4 describes each transaction as a sale of non-derivative Class A Common Stock, with footnotes explaining that several were executed in multiple trades during the day, reported using weighted-average prices for those intraday executions.

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

Form 4 Insider Transactions: What Each Field Means →
See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
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).
1. Name and Address of Reporting Person*
Pinner Jeffrey Tsvi
(Last) (First) (Middle)
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 Technology Officer
3. Date of Earliest Transaction (Month/Day/Year)
09/22/2025
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 09/22/2025 S(1) 1,200 D $123.2442(2) 22,480 D
Class A Common Stock 09/22/2025 S(1) 3,607 D $124.0617(3) 18,873 D
Class A Common Stock 09/22/2025 S(1) 1,038 D $125.3328(4) 17,835 D
Class A Common Stock 09/22/2025 S(1) 19 D $125.93(5) 17,816 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 November 11, 2024.
2. This transaction was executed in multiple trades during the day at prices ranging from $122.58 to $123.57. 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 $123.70 to $124.67. 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 $124.88 to $125.79. 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 a single trade during the day at a price of $125.93. 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 Jeffrey Pinner 09/24/2025
** 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