Were the RVI insider transactions by Robinhood Markets derivative exercises or simple share sales?

All reported transactions are simple share sales of non-derivative common shares of beneficial interest. The Form 4 classifies each as an open-market or private sale with transaction code “S,” and the derivative transaction and exercise counts are both reported as zero.

Robinhood Markets sells 30K Robinhood Ventures shares

Robinhood Markets, Inc., a 10% owner of Robinhood Ventures Fund I, reported open-market sales of a total of 30,467 common shares of beneficial interest on June 29–30, 2026, at weighted average prices in the low-to-mid $30s per share.

Filing Impact

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Filing Sentiment

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Form Type

Rhea-AI Filing Summary

Robinhood Markets, Inc., a 10% owner of Robinhood Ventures Fund I, reported open-market sales of a total of 30,467 common shares of beneficial interest on June 29–30, 2026, at weighted average prices in the low-to-mid $30s per share. Following these sales, it directly held 13,345,669 shares.

Insider Trade Summary

Net Seller: 30,467 shares

Net Sell 5 txns

Insider Robinhood Markets, Inc.

Role 10% Owner

Sold 30,467 shs ($1.02M)

Type	Security	Shares	Price	Value
Sale	Common Shares of Beneficial Interest	12,637	$33.14	$419K
Sale	Common Shares of Beneficial Interest	9,463	$34.01	$322K
Sale	Common Shares of Beneficial Interest	3,171	$33.08	$105K
Sale	Common Shares of Beneficial Interest	4,558	$34.07	$155K
Sale	Common Shares of Beneficial Interest	638	$34.77	$22K

Holdings After Transaction: Common Shares of Beneficial Interest — 13,345,669 shares (Direct)

Footnotes (6)

F1. This is the weighted average sale price. Shares were sold in multiple transactions at prices from $32.70 to $33.66. 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).
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.
F3. This is the weighted average sale price. Shares were sold in multiple transactions at prices from $33.70 to $34.56. 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).
F4. This is the weighted average sale price. Shares were sold in multiple transactions at prices from $34.725 to $34.80. 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).
F5. This is the weighted average sale price. Shares were sold in multiple transactions at prices from $32.78 to $33.76. 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 (5).
F6. This is the weighted average sale price. Shares were sold in multiple transactions at prices from $33.78 to $34.345. 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 (6).

Key Figures

Shares sold: 30,467 shares Holding after sales: 13,345,669 shares Sale price example: $34.01 per share +2 more

5 metrics

Shares sold 30,467 shares Total net shares sold across 5 open-market transactions

Holding after sales 13,345,669 shares Direct common shares of beneficial interest held post-transaction

Sale price example $34.01 per share One reported weighted average sale price on June 30, 2026

Sale price range (footnote) $32.70–$34.80 Footnotes describe multiple trades within these price bands

Stock split ratio 1.0239 shares Each share outstanding as of March 5, 2026 reclassified into 1.0239 shares

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 at prices from $32.70 to $33.66."

stock split financial

"Total shares held reflects the stock split that was effective immediately before the completion of the initial public offering."

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

"Stock split that was effective immediately before the completion of the initial public offering, which resulted in each share being reclassified."

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

"Each share outstanding as of March 5, 2026 being classified into 1.0239 shares of beneficial interest."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Robinhood Markets report for RVI?

Robinhood Markets reported open-market sales of Robinhood Ventures Fund I common shares of beneficial interest. The Form 4 shows multiple sale transactions over June 29–30, 2026, as it reduced its position while remaining a significant 10% owner after the trades.

How many Robinhood Ventures Fund I (RVI) shares did Robinhood Markets sell?

Robinhood Markets sold a total of 30,467 common shares of beneficial interest. This total comes from five separate sale transactions reported in the Form 4, all coded as open-market or private sales of non-derivative common shares during late June 2026.

At what prices were the RVI shares sold by Robinhood Markets?

The reported sales occurred at weighted average prices generally around the low-to-mid $30s per share. Individual footnotes state price ranges from $32.70 up to $34.80, reflecting multiple executions within those bands across the June 29–30, 2026 transactions.

How many RVI shares does Robinhood Markets hold after these sales?

After the reported sales, Robinhood Markets directly held 13,345,669 common shares of beneficial interest. This post-transaction holding figure is disclosed in the Form 4 and reflects its remaining direct position in Robinhood Ventures Fund I following the June 2026 trades.

Did a stock split affect the reported RVI holdings for Robinhood Markets?

Yes. A footnote explains total shares held reflect a stock split effective immediately before the initial public offering. Each share outstanding as of March 5, 2026 was classified into 1.0239 shares of beneficial interest, increasing the reported share count accordingly.

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

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 07/01/2026 - 05:32 PM EDT

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).

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)
06/29/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Shares of Beneficial Interest	06/29/2026		S		3,171	D	$33.08⁽¹⁾	13,372,965⁽²⁾	D
Common Shares of Beneficial Interest	06/29/2026		S		4,558	D	$34.07⁽³⁾	13,368,407⁽²⁾	D
Common Shares of Beneficial Interest	06/29/2026		S		638	D	$34.77⁽⁴⁾	13,367,769⁽²⁾	D
Common Shares of Beneficial Interest	06/30/2026		S		12,637	D	$33.14⁽⁵⁾	13,355,132⁽²⁾	D
Common Shares of Beneficial Interest	06/30/2026		S		9,463	D	$34.01⁽⁶⁾	13,345,669⁽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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. This is the weighted average sale price. Shares were sold in multiple transactions at prices from $32.70 to $33.66. 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 $33.70 to $34.56. 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 $34.725 to $34.80. 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).

5. This is the weighted average sale price. Shares were sold in multiple transactions at prices from $32.78 to $33.76. 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 (5).

6. This is the weighted average sale price. Shares were sold in multiple transactions at prices from $33.78 to $34.345. 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 (6).

Remarks:

	Robinhood Markets, Inc., By: /s/ Manan Shah, Name: Manan Shah, Title: Treasurer	07/01/2026
	** 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)

Source: View Original Filing on SEC EDGAR