Meyer Malka fund adds 249K Robinhood (NASDAQ: HOOD) shares in open-market buy
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Robinhood Markets, Inc. director Meyer Malka, through an investment fund, reported an open-market purchase of 249,000 shares of Class A Common Stock at a weighted average price of $80.3944 per share. The fund’s shares were bought in multiple trades between $80.05 and $80.68 per share.
After this transaction, a fund associated with Malka held 3,493,427 shares indirectly, while additional indirect holdings include 3,976,234 shares held through various trusts and 102,183 shares through an LLC, plus 1,011 shares held directly. Malka disclaims beneficial ownership of these indirect positions except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insights
Indirect fund purchase of 249,000 Robinhood shares looks sizable but routine.
The filing shows a fund associated with director Meyer Malka bought 249,000 Robinhood Class A shares in the open market at a weighted average price of $80.3944. Trades occurred across a narrow band of $80.05–$80.68, which suggests execution over a short price range.
The positions are largely indirect, spread across a fund, several trusts, and LLCs, and Malka expressly disclaims beneficial ownership beyond any pecuniary interest. With no derivatives exercised and no sales reported, this reads as a net-buy update rather than a structural shift in exposure.
From an investment‑thesis perspective, it is an insider‑linked net purchase but concentrated in managed entities rather than direct personal holdings. Absent additional context on Robinhood’s overall share count or prior positions in this excerpt, the event appears informative but not thesis‑changing, so sentiment is best viewed as neutral.
Insider Trade Summary
Net Buyer: 249,000 shares ($20,018,206)
Net Buy
4 txns
Insider
Malka Meyer
Role
null
Bought
249,000 shs ($20.02M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A Common Stock | 249,000 | $80.3944 | $20.02M |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 3,493,427 shares (Indirect, By Fund);
Class A Common Stock — 1,011 shares (Direct, null)
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $80.05 to $80.68, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range. As previously reported, the Reporting Person is the founder and managing partner of the Ribbit Capital family of funds, and is contractually obligated to transfer and/or remit the proceeds of any sale of shares issued pursuant to stock awards or upon vesting and settlement of restricted stock units ("RSUs") to certain entities affiliated with such funds. The reported amount reflects a previous transfer of 8,842 shares to Bullfrog Capital, L.P. ("Bullfrog"), for itself and as nominee for Bullfrog Founder Fund, L.P. ("Bullfrog FF"), which transfer was effected in accordance with Rule 16a-13 of the Securities Exchange Act of 1934, as amended. Shares held by Bullfrog, for itself and as nominee for Bullfrog FF. Bullfrog Capital GP, L.P. ("BF GP") is the general partner of Bullfrog and Bullfrog FF, and Bullfrog Capital GP, Ltd. ("BF UGP") is the general partner of BF GP. The Reporting Person is a director BF UGP and disclaims beneficial ownership of such shares for purposes of Section 16 except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that such shares are beneficially owned by him for Section 16 or any other purpose. Represents (i) 325,411 shares held by each of the Aphrodite EM Trust, the Aphrodite MM Trust and the Aphrodite SM Trust (collectively, the "Aphrodite Trusts"), (ii) 2,000,000 shares held by the Malka Kleiner Revocable Trust dated July 16, 2012 (the "Malka Trust"), (iii) one share held by the Tibbir Trust and (iv) 1,000,000 shares held by Lassen Residential LLC, an entity controlled by the Malka Trust. The Reporting Person serves as trustee of the Malka Trust, and the Reporting Person's immediate family member serves as trustee of the Tibbir Trust and each of the Aphrodite Trusts. The Reporting Person disclaims beneficial ownership of such shares for purposes of Section 16 except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that such shares are beneficially owned by him for Section 16 or any other purpose. Shares held by Tibbir Holdings LLC, of which the Reporting Person serves as investment manager. The Reporting Person disclaims beneficial ownership of such Shares for purposes of Section 16 except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that such shares are beneficially owned by him for Section 16 or any other purpose.
Key Figures
Open-market purchase size: 249,000 shares
Weighted average purchase price: $80.3944 per share
Fund holdings after purchase: 3,493,427 shares
+3 more
6 metrics
Open-market purchase size
249,000 shares
Class A Common Stock bought by associated fund on May 28, 2026
Weighted average purchase price
$80.3944 per share
Open-market purchase range $80.05–$80.68
Fund holdings after purchase
3,493,427 shares
Indirectly held by fund associated with Meyer Malka
Trust-related indirect holdings
3,976,234 shares
Held through multiple trusts linked to Malka
LLC indirect holdings
102,183 shares
Held through an LLC associated with Malka
Directly held shares
1,011 shares
Class A Common Stock held directly by Meyer Malka
Key Terms
weighted average price, open-market purchase, restricted stock units ("RSUs"), pecuniary interest, +1 more
5 terms
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
open-market purchase financial
"transaction_action": "open-market purchase""
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
restricted stock units ("RSUs") financial
"upon vesting and settlement of restricted stock units ("RSUs") to certain entities"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
pecuniary interest financial
"disclaims beneficial ownership of such shares ... except to the extent of his pecuniary interest therein"
Section 16 regulatory
"disclaims beneficial ownership of such shares for purposes of Section 16 except to the extent"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
What insider transaction did Meyer Malka report for Robinhood (HOOD)?
Meyer Malka reported that a fund associated with him purchased 249,000 shares of Robinhood Class A Common Stock in an open-market transaction. The filing characterizes this as a weighted average purchase, rather than a single trade, executed within a narrow price range.
What are Meyer Malka’s indirect fund holdings in Robinhood (HOOD) after this Form 4?
After the reported purchase, a fund associated with Meyer Malka held 3,493,427 Robinhood Class A shares indirectly. This position is in addition to substantial indirect holdings through various trusts and LLCs, as well as a smaller direct holding disclosed in the filing.
Does Meyer Malka claim full beneficial ownership of his Robinhood (HOOD) holdings?
No. The filing states that Meyer Malka disclaims beneficial ownership of shares held through funds, trusts, and LLCs, except for any pecuniary interest. This means he treats those shares as controlled by affiliated entities rather than as fully his for Section 16 purposes.
Was the Robinhood (HOOD) insider transaction a buy or a sell?
The key transaction was a buy. A fund associated with director Meyer Malka executed an open-market purchase of 249,000 Class A shares. The transaction summary shows one net-buy event and no reported sales in this particular Form 4 filing excerpt.