How did a stock split affect Robinhood Markets, Inc.’s reported RVI share holdings?

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

Robinhood Markets (RVI) discloses open-market sale of 17,949 fund shares

Q: What insider transactions did Robinhood Markets, Inc. report for RVI on this Form 4?

Robinhood Markets, Inc. reported two open-market sales of Common Shares of Beneficial Interest of Robinhood Ventures Fund I. The sales occurred on July 8, 2026 and July 9, 2026 , and both were reported as non-derivative transactions coded "S."

Q: How many Robinhood Ventures Fund I (RVI) shares did Robinhood Markets, Inc. sell and at what prices?

Robinhood Markets, Inc. sold 10,041 shares at a weighted average price of $30.55 on July 8, 2026 and 7,908 shares at a weighted average price of $31.11 on July 9, 2026, all as open-market sales.

Q: Did Robinhood Markets, Inc.’s RVI trades involve a price range or single price per transaction?

Each trade used a weighted average sale price . Footnotes state shares on July 8, 2026 were sold between $30.26 and $30.91 , and on July 9, 2026 between $30.71 and $31.33 , with full breakdowns available on request.

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Robinhood Markets, Inc., a ten percent owner of Robinhood Ventures Fund I (RVI), reported two open-market sales of Common Shares of Beneficial Interest. On July 8, 2026 it sold 10,041 shares at a weighted average price of $30.55, and on July 9, 2026 it sold 7,908 shares at a weighted average price of $31.11. After these transactions, it directly held 13,306,426 shares, with totals reflecting a prior stock split in which each share outstanding as of March 5, 2026 was classified into 1.0239 shares of beneficial interest.

Insider Trade Summary 10b5-1

Net Seller: 17,949 shares ($552,770)

Net Sell 2 txns

Insider Robinhood Markets, Inc.

Role null

Sold 17,949 shs ($553K)

Type	Security	Shares	Price	Value
Sale	Common Shares of Beneficial Interest	7,908	$31.11	$246K
Sale	Common Shares of Beneficial Interest	10,041	$30.55	$307K

Holdings After Transaction: Common Shares of Beneficial Interest — 13,306,426 shares (Direct, null)

Footnotes (1)

This is the weighted average sale price. Shares were sold in multiple transactions at prices from $30.26 to $30.91. 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 $30.71 to $31.33. 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).

Key Figures

Shares sold on July 8, 2026: 10,041 shares Price on July 8, 2026: $30.55 per share Shares sold on July 9, 2026: 7,908 shares +4 more

7 metrics

Shares sold on July 8, 2026 10,041 shares Open-market sale of Common Shares of Beneficial Interest at weighted average price

Price on July 8, 2026 $30.55 per share Weighted average sale price for 10,041 shares sold

Shares sold on July 9, 2026 7,908 shares Open-market sale of Common Shares of Beneficial Interest at weighted average price

Price on July 9, 2026 $31.11 per share Weighted average sale price for 7,908 shares sold

Total shares sold 17,949 shares Aggregate of both reported open-market sales

Shares held after transactions 13,306,426 shares Direct ownership of Common Shares of Beneficial Interest following July 9, 2026 sale

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

Key Terms

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

4 terms

weighted average sale price financial

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

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.

initial public offering financial

"reflects the stock split that was 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.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/10/2026 - 06:17 PM Accepted by SEC EDGAR 07/10/2026 - 06:16 PM

FAQ

What insider transactions did Robinhood Markets, Inc. report for RVI on this Form 4?

Robinhood Markets, Inc. reported two open-market sales of Common Shares of Beneficial Interest of Robinhood Ventures Fund I. The sales occurred on July 8, 2026 and July 9, 2026, and both were reported as non-derivative transactions coded "S."

How many Robinhood Ventures Fund I (RVI) shares did Robinhood Markets, Inc. sell and at what prices?

Robinhood Markets, Inc. sold 10,041 shares at a weighted average price of $30.55 on July 8, 2026 and 7,908 shares at a weighted average price of $31.11 on July 9, 2026, all as open-market sales.

How many RVI shares does Robinhood Markets, Inc. hold after these reported sales?

Following the reported sales, Robinhood Markets, Inc. directly held 13,306,426 Common Shares of Beneficial Interest of Robinhood Ventures Fund I, as shown in the Form 4’s post-transaction ownership fields for the July 9, 2026 transaction.

What type of ownership does Robinhood Markets, Inc. report for its RVI shares?

Robinhood Markets, Inc. reports its holdings of Robinhood Ventures Fund I as direct ownership, with the ownership code "D" on the Form 4. The transactions involve non-derivative Common Shares of Beneficial Interest held directly.

Did Robinhood Markets, Inc.’s RVI trades involve a price range or single price per transaction?

Each trade used a weighted average sale price. Footnotes state shares on July 8, 2026 were sold between $30.26 and $30.91, and on July 9, 2026 between $30.71 and $31.33, with full breakdowns available on request.

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)
07/08/2026

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	07/08/2026		S		10,041	D	$30.55⁽¹⁾	13,314,334⁽²⁾	D
Common Shares of Beneficial Interest	07/09/2026		S		7,908	D	$31.11⁽³⁾	13,306,426⁽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 $30.26 to $30.91. 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 $30.71 to $31.33. 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).

Remarks:

	Robinhood Markets, Inc., By: /s/ Manan Shah, Name: Manan Shah, Title: Treasurer	07/10/2026
	** 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