Robinhood director sells 43K shares at $112–116
Rhea-AI Filing Summary
Robinhood Markets, Inc. director Baiju Bhatt, through the Baiju Bhatt Living Trust, converted 43,373 shares of Class B Common Stock into the same number of Class A shares on September 10, 2026, then sold 43,373 Class A shares in multiple transactions at weighted-average prices between about $112.77 and $116.26, pursuant to a pre‑established Rule 10b5-1 trading plan. Following these transactions, the Living Trust held 46,805,566 Class B shares, and Bhatt also held 3,703 Class A shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
8 txns
Insider
Bhatt Baiju
Role
Director
Sold
43,373 shs ($4.96M)
Approx. gross sale proceeds
$4.96M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock F1 | 43,373 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F1 | 43,373 | -- | -- |
| Sale | Class A Common Stock F2, F3 | 2,400 | $112.7717 | $271K |
| Sale | Class A Common Stock F2, F4 | 15,984 | $113.7372 | $1.82M |
| Sale | Class A Common Stock F2, F5 | 18,889 | $114.5114 | $2.16M |
| Sale | Class A Common Stock F2, F6 | 6,000 | $115.5387 | $693K |
| Sale | Class A Common Stock F2, F7 | 100 | $116.26 | $12K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 46,805,566 contracts (Indirect, By Living Trust);
Class A Common Stock — 0 shares (Indirect, By Living Trust);
Class A Common Stock — 3,703 shares (Direct)
Footnotes (7)
- F1. As part of the transactions effected on September 10, 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 43,373 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 $112.17 to $113.16. 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 $113.17 to $114.16. 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 $114.17 to $115.16. 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 $115.21 to $116.15. 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.
- F7. This transaction was executed during the day at the price 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
Class B shares converted: 43,373 shares
Class A shares sold: 43,373 shares
Sale tranche 1: 2,400 shares at $112.7717 per share
+6 more
9 metrics
Class B shares converted
43,373 shares
Converted from Class B into Class A on September 10, 2026
Class A shares sold
43,373 shares
Total Class A shares sold by Living Trust on September 10, 2026
Sale tranche 1
2,400 shares at $112.7717 per share
Weighted‑average price for first sale tranche
Sale tranche 2
15,984 shares at $113.7372 per share
Weighted‑average price for second sale tranche
Sale tranche 3
18,889 shares at $114.5114 per share
Weighted‑average price for third sale tranche
Sale tranche 4
6,000 shares at $115.5387 per share
Weighted‑average price for fourth sale tranche
Sale tranche 5
100 shares at $116.2600 per share
Price for fifth sale tranche
Class B shares held by Living Trust after transaction
46,805,566 shares
Indirect ownership following the conversion and sales
Direct Class A holdings
3,703 shares
Class A shares held directly by Baiju Bhatt after transactions
Key Terms
Rule 10b5-1 trading plan, Class B Common Stock, Class A Common Stock, weighted-average price, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"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 43,373 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.
Class A Common Stock financial
"automatic conversion of the same amount of shares into 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.
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.
Living Trust financial
"adopted by the Baiju Bhatt Living Trust ("Living Trust")"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Robinhood (HOOD) director Baiju Bhatt report in this Form 4?
He reported that his Living Trust converted 43,373 Class B shares into 43,373 Class A shares and sold all 43,373 Class A shares on September 10, 2026 in multiple transactions under a Rule 10b5-1 trading plan.
Were Baiju Bhatt’s Robinhood (HOOD) trades made under a Rule 10b5-1 plan?
Yes. The filing states the transactions were effected pursuant to the Bhatt 10b5-1 trading plan adopted by the Baiju Bhatt Living Trust on November 13, 2025, and the Rule 10b5-1 checkbox is affirmed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
