Robinhood Markets (RVI) trims stake with 21,294-share open-market sale

Rhea-AI Filing Summary

Robinhood Markets, Inc., as a 10% owner of Robinhood Ventures Fund I (RVI), reported open-market sales of a total of 21,294 Common Shares of Beneficial Interest on July 6–7, 2026 at prices between $30.815 and $34.31. After these transactions, the reporting person directly holds 13,324,375 common shares of beneficial interest.

Insights

Equity ownership analyst

Robinhood Markets reports net open-market sales totaling 21,294 RVI shares while retaining over 13.3 million shares.

The filing shows Robinhood Markets, Inc. executed five open-market sale transactions in Common Shares of Beneficial Interest of Robinhood Ventures Fund I over July 6–7, 2026, totaling 21,294 shares sold.

Sale prices ranged from about $30.815 to $34.31, with several trades reported using weighted average sale prices. Following these sales, the reporting person’s direct holdings stand at 13,324,375 shares as reflected in the post-transaction ownership figures.

The filing discloses no derivative positions in the derivativeSummary and does not indicate any Rule 10b5-1 trading plan. Future ownership changes, if any, would be visible through subsequent Forms 4 or related disclosures.

Insider Trade Summary 10b5-1

Net Seller: 21,294 shares ($689,832)

Net Sell 5 txns

Insider Robinhood Markets, Inc.

Role null

Sold 21,294 shs ($690K)

Type	Security	Shares	Price	Value
Sale	Common Shares of Beneficial Interest	10,033	$31.35	$315K
Sale	Common Shares of Beneficial Interest	2,296	$32.12	$74K
Sale	Common Shares of Beneficial Interest	182	$32.95	$6K
Sale	Common Shares of Beneficial Interest	3,484	$33.18	$116K
Sale	Common Shares of Beneficial Interest	5,299	$33.96	$180K

Holdings After Transaction: Common Shares of Beneficial Interest — 13,326,853 shares (Direct, null)

Footnotes (1)

1. This is the weighted average sale price. Shares were sold in multiple transactions at prices from $32.70 to $33.62. 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). 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. This is the weighted average sale price. Shares were sold in multiple transactions at prices from $33.715 to $34.31. 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). This is the weighted average sale price. Shares were sold in multiple transactions at prices from $30.815 to $31.805. 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). This is the weighted average sale price. Shares were sold in multiple transactions at prices from $31.81 to $32.78. 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 (5). This is the weighted average sale price. Shares were sold in multiple transactions at prices from $32.86 to $33.00. 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

Total shares sold: 21,294 shares Post-transaction holdings: 13,324,375 shares Sale price example: $33.96 per share +4 more

7 metrics

Total shares sold 21,294 shares Aggregate non-derivative open-market sales on July 6–7, 2026

Post-transaction holdings 13,324,375 shares Common Shares of Beneficial Interest held after latest sale

Sale price example $33.96 per share One open-market sale on July 6, 2026

Sale price example $32.95 per share One open-market sale on July 7, 2026

Lowest sale price range $30.815–$31.805 Weighted average sale price range disclosed in footnote

Highest sale price range $33.715–$34.31 Weighted average sale price range disclosed in footnote

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

Key Terms

Common Shares of Beneficial Interest, weighted average sale price, initial public offering, stock split, +1 more

5 terms

Common Shares of Beneficial Interest financial

"security_title: Common Shares of Beneficial Interest"

Common Shares of Beneficial Interest are units that represent ownership in a company or organization, like owning a piece of a pie. They give investors voting rights and a chance to share in profits, making them important for those looking to invest and have a say in how the organization is run.

weighted average sale price financial

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

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.

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.

beneficial interest financial

"being classified into 1.0239 shares of beneficial interest"

Beneficial interest is the right to receive the economic benefits of an asset—such as dividends, interest, or sale proceeds—without necessarily holding legal title to it. For investors this matters because it determines who actually gains from an investment or trust, much like renting an apartment where the tenant enjoys living there and paying bills while the landlord holds the deed; understanding who has the beneficial interest affects income rights, voting influence, and risk exposure.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/08/2026 - 04:37 PM Accepted by SEC EDGAR 07/08/2026 - 04:36 PM Learn about SEC filing dates

FAQ

How many RVI shares did Robinhood Markets sell in this Form 4?

Robinhood Markets sold a total of 21,294 Common Shares of Beneficial Interest in Robinhood Ventures Fund I. The filing aggregates five open-market sale transactions, as summarized in the transaction data, all reported as non-derivative sales.

What prices did Robinhood Markets receive for the RVI shares sold?

The shares were sold at prices between $30.815 and $34.31. Several entries list a weighted average sale price, with detailed price ranges disclosed in the footnotes for each group of transactions.

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

After the reported sales, Robinhood Markets directly holds 13,324,375 Common Shares of Beneficial Interest. This post-transaction ownership figure is shown in the total shares following transaction field for the most recent sale entry.

Were these RVI share transactions open-market sales or another type?

All reported transactions are classified as open-market sales of non-derivative Common Shares of Beneficial Interest. The transaction code is S, described as a sale in open market or private transaction, with direction labeled as sell.

Does the Form 4 for Robinhood Markets include any derivative securities?

No derivative securities are reported in this Form 4. The derivativeSummary section is empty, and each transaction involves non-derivative Common Shares of Beneficial Interest rather than options, warrants, or other derivative instruments.

What does the stock split disclosure in the footnotes mean for RVI shares?

The footnote explains that 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, adjusting reported holdings.

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)
07/06/2026

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	07/06/2026		S		3,484	D	$33.18(1)	13,342,185(2)	D
Common Shares of Beneficial Interest	07/06/2026		S		5,299	D	$33.96(3)	13,336,886(2)	D
Common Shares of Beneficial Interest	07/07/2026		S		10,033	D	$31.35(4)	13,326,853(2)	D
Common Shares of Beneficial Interest	07/07/2026		S		2,296	D	$32.12(5)	13,324,557(2)	D
Common Shares of Beneficial Interest	07/07/2026		S		182	D	$32.95(6)	13,324,375(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 $32.70 to $33.62. 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 $33.715 to $34.31. 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 $30.815 to $31.805. 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 $31.81 to $32.78. 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 (5).

6. This is the weighted average sale price. Shares were sold in multiple transactions at prices from $32.86 to $33.00. 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	07/08/2026
	** 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)