Robinhood Markets sells 13,778 fund shares

Robinhood Markets, Inc. (HOOD), as a ten percent owner of Robinhood Ventures Fund I, reported open-market sales of an aggregate 13,778 Common Shares of Beneficial Interest in the fund on August 27–28, 2026.

Rhea-AI Filing Summary

Robinhood Markets, Inc. (HOOD), as a ten percent owner of Robinhood Ventures Fund I, reported open-market sales of an aggregate 13,778 Common Shares of Beneficial Interest in the fund on August 27–28, 2026. Reported per-share prices are weighted averages across multiple trades, and the issuer indicates these transactions were effected pursuant to a Rule 10b5-1 trading plan. Footnotes also note that total shares held are adjusted for a prior stock split completed immediately before the fund’s initial public offering.

Insider Trade Summary 10b5-1

Net Seller: 13,778 shares

Net Sell 3 txns

Insider Robinhood Markets, Inc.

Role 10% Owner

Sold 13,778 shs ($373K)

Type	Security	Shares	Price	Value
Sale	Common Shares of Beneficial Interest F4, F2	4,987	$27.19	$136K
Sale	Common Shares of Beneficial Interest F1, F2	7,279	$26.87	$196K
Sale	Common Shares of Beneficial Interest F3, F2	1,512	$27.62	$42K

Holdings After Transaction: Common Shares of Beneficial Interest — 12,988,564 shares (Direct)

Footnotes (4)

1. F1. This is the weighted average sale price. Shares were sold in multiple transactions at prices from $26.405 to $27.395. 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 sold at each separate price within the range set forth in this footnote (1).
2. F2. Total shares held reflects the stock split that was effective immediately before the completion of the initial public offering, which resulted in each share outstanding as of March 5, 2026 being classified into 1.0239 shares of beneficial interest.
3. F3. This is the weighted average sale price. Shares were sold in multiple transactions at prices from $27.415 to $27.78. 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 sold at each separate price within the range set forth in this footnote (3).
4. F4. This is the weighted average sale price. Shares were sold in multiple transactions at prices from $27.03 to $27.57. 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 sold at each separate price within the range set forth in this footnote (4).

Key Figures

Shares sold (total): 13,778 shares Sale on 2026-08-27: 7,279 shares at $26.87 per share (weighted average) Additional sale on 2026-08-27: 1,512 shares at $27.62 per share (weighted average) +5 more

8 metrics

Shares sold (total) 13,778 shares Aggregate non-derivative sales reported in this Form 4

Sale on 2026-08-27 7,279 shares at $26.87 per share (weighted average) Common Shares of Beneficial Interest sold in multiple transactions

Additional sale on 2026-08-27 1,512 shares at $27.62 per share (weighted average) Common Shares of Beneficial Interest sold in multiple transactions

Sale on 2026-08-28 4,987 shares at $27.19 per share (weighted average) Common Shares of Beneficial Interest sold in multiple transactions

Price range for F1 transaction $26.405 to $27.395 per share Individual trade prices underlying the $26.87 weighted-average sale

Price range for F3 transaction $27.415 to $27.78 per share Individual trade prices underlying the $27.62 weighted-average sale

Price range for F4 transaction $27.03 to $27.57 per share Individual trade prices underlying the $27.19 weighted-average sale

Stock split ratio 1 share into 1.0239 shares of beneficial interest Reclassification of each share outstanding as of March 5, 2026

Key Terms

weighted average sale price, stock split, initial public offering, shares of beneficial interest

4 terms

weighted average sale price financial

"This is the weighted average sale price. Shares were sold in multiple transactions"

stock split financial

"Total shares held reflects the stock split that was effective immediately before"

A stock split increases the number of a company's shares by dividing each existing share into multiple new shares while reducing the price per share by the same proportion, so an investor's total value and ownership percentage stay the same. It matters because lower per-share prices can make trading easier and attract more buyers, similar to breaking a large chocolate bar into smaller pieces to make it easier to share, which can boost liquidity and market interest.

initial public offering financial

"effective immediately before the completion of the initial public offering"

An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.

shares of beneficial interest financial

"being classified into 1.0239 shares of beneficial interest"

FAQ

What insider activity did Robinhood Markets, Inc. (HOOD) report in this Form 4?

Robinhood Markets, Inc. reported selling an aggregate 13,778 Common Shares of Beneficial Interest of Robinhood Ventures Fund I in open-market transactions on August 27–28, 2026, through three separate sale transactions at weighted-average prices.

How many shares did HOOD-related entities sell on August 27, 2026?

On August 27, 2026, the reporting person sold 7,279 shares at a weighted-average price of $26.87 and 1,512 shares at a weighted-average price of $27.62, all in multiple transactions within stated price ranges.

What transaction did HOOD report on August 28, 2026?

On August 28, 2026, the reporting person sold 4,987 shares of Common Shares of Beneficial Interest at a weighted-average price of $27.19, with individual trades executed between $27.03 and $27.57 per share.

Were the HOOD-related sales made under a Rule 10b5-1 trading plan?

Yes. The filing indicates that the Rule 10b5-1 checkbox is marked, meaning the reported sales were effected pursuant to a Rule 10b5-1 trading plan, which is a pre-arranged trading program for insiders.

What stock split information is disclosed in this HOOD-related filing?

A footnote states that total shares held reflect a stock split effective immediately before the completion of the initial public offering, in which each share outstanding as of March 5, 2026 was reclassified into 1.0239 shares of beneficial interest.

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Available on EDGAR 08/31/2026 - 04:31 PM Accepted by SEC EDGAR 08/31/2026 - 04:30 PM Learn about SEC filing dates

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^*

Robinhood Markets, Inc.

(Last) (First) (Middle)

85 WILLOW ROAD

(Street)

MENLO PARK CALIFORNIA 94025

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Robinhood Ventures Fund I [ RVI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/27/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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
Common Shares of Beneficial Interest	08/27/2026		S		7,279	D	$26.87(1)	12,995,063(2)	D
Common Shares of Beneficial Interest	08/27/2026		S		1,512	D	$27.62(3)	12,993,551(2)	D
Common Shares of Beneficial Interest	08/28/2026		S		4,987	D	$27.19(4)	12,988,564(2)	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 is the weighted average sale price. Shares were sold in multiple transactions at prices from $26.405 to $27.395. 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 sold at each separate price within the range set forth in this footnote (1).

2. Total shares held reflects the stock split that was effective immediately before the completion of the initial public offering, which resulted in each share outstanding as of March 5, 2026 being classified into 1.0239 shares of beneficial interest.

3. This is the weighted average sale price. Shares were sold in multiple transactions at prices from $27.415 to $27.78. 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 sold at each separate price within the range set forth in this footnote (3).

4. This is the weighted average sale price. Shares were sold in multiple transactions at prices from $27.03 to $27.57. 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 sold at each separate price within the range set forth in this footnote (4).

Remarks:

	Robinhood Markets, Inc., By: /s/ Manan Shah, Name: Manan Shah, Title: Treasurer	08/31/2026
	** 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.
* Form 4: SEC 1474 (03-26)