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HOOD director reports sales; 146,678 shares remain via Trust

Robinhood Markets (HOOD) director Jonathan Rubinstein reported open‑market sales of Class A common stock on 11/11/2025, executed under a Rule 10b5‑1 trading plan adopted on August 4, 2025.

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

Rhea-AI Filing Summary

Robinhood Markets (HOOD) director Jonathan Rubinstein reported open‑market sales of Class A common stock on 11/11/2025, executed under a Rule 10b5‑1 trading plan adopted on August 4, 2025. The Trust sold 23,796, 12,834, 4,900 and 900 shares at weighted‑average prices of $131.7576, $132.5636, $133.5173 and $134.3722, respectively, through multiple trades during the day. Following these transactions, indirect holdings by the Trust were 146,678 shares. A prior transfer of 1,004 shares to the Trust reflected only a change in form of ownership.

Positive

  • None.

Negative

  • None.
Insider RUBINSTEIN JONATHAN
Role Director
Sold 42,430 shs ($5.61M)
Type Security Shares Price Value
Sale Class A Common Stock 23,796 $131.7576 $3.14M
Sale Class A Common Stock 12,834 $132.5636 $1.70M
Sale Class A Common Stock 4,900 $133.5173 $654K
Sale Class A Common Stock 900 $134.3722 $121K
Holdings After Transaction: Class A Common Stock — 146,678 shares (Indirect, By Trust)
Footnotes (6)
  1. F1. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by The Jonathan J. Rubinstein Trust (the "Trust") on August 4, 2025.
  2. F2. This transaction was executed in multiple trades during the day at prices ranging from $131.13 to $132.12. 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.
  3. F3. This transaction was executed in multiple trades during the day at prices ranging from $132.14 to $133.13. 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 $133.17 to $134.15. 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 $134.18 to $134.50. 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.
  6. F6. Reflects the prior transfer of 1,004 shares of Class A Common Stock from the Reporting Person to the Trust, which transfer effected only a change in the form of beneficial ownership and did not result in any change in the Reporting Person's pecuniary interest in such shares.

FAQ

What did HOOD director Jonathan Rubinstein report on Form 4?
He reported sales of Class A common stock on 11/11/2025 executed under a Rule 10b5‑1 trading plan adopted on August 4, 2025.

How many HOOD shares were sold and at what prices?
Sales were 23,796, 12,834, 4,900 and 900 shares at weighted‑average prices of $131.7576, $132.5636, $133.5173 and $134.3722.

What are Jonathan Rubinstein’s HOOD holdings after the sales?
Indirect holdings by the Trust were 146,678 shares after the reported transactions.

Were the HOOD sales part of a 10b5-1 plan?
Yes. The transactions were effected pursuant to a Rule 10b5‑1 trading plan adopted on August 4, 2025.

How were the sale prices determined during the day?
Each tranche was executed in multiple trades, with weighted‑average prices reported and detailed trade information available upon request.

What does the note about 1,004 shares transferred to the Trust mean?
It reflects a prior change in the form of beneficial ownership to the Trust and did not change pecuniary interest.

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

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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*
RUBINSTEIN JONATHAN
(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)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
11/11/2025
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 11/11/2025 S(1) 23,796 D $131.7576(2) 165,312 I By Trust
Class A Common Stock 11/11/2025 S(1) 12,834 D $132.5636(3) 152,478 I By Trust
Class A Common Stock 11/11/2025 S(1) 4,900 D $133.5173(4) 147,578 I By Trust
Class A Common Stock 11/11/2025 S(1) 900 D $134.3722(5) 146,678(6) I By Trust
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 Jonathan J. Rubinstein Trust (the "Trust") on August 4, 2025.
2. This transaction was executed in multiple trades during the day at prices ranging from $131.13 to $132.12. 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.
3. This transaction was executed in multiple trades during the day at prices ranging from $132.14 to $133.13. 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 $133.17 to $134.15. 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 $134.18 to $134.50. 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.
6. Reflects the prior transfer of 1,004 shares of Class A Common Stock from the Reporting Person to the Trust, which transfer effected only a change in the form of beneficial ownership and did not result in any change in the Reporting Person's pecuniary interest in such shares.
Remarks:
/s/ Matthew Yorkavich, attorney-in- fact for Jonathan Rubinstein 11/13/2025
** 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