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Robinhood Markets trims Robinhood Ventures Fund I stake (NYSE: RVI)

(Very High)
(Negative)
Form Type
4

Rhea-AI Filing Summary

Robinhood Markets, Inc., a ten percent owner of Robinhood Ventures Fund I, reported two open‑market sales of the issuer’s Common Shares of Beneficial Interest.

It sold 7,069 shares at $30.88 on July 10, 2026 and 14,040 shares at $30.03 on July 13, 2026, totaling 21,109 shares. After these trades it directly holds 13,285,317 shares. Footnotes state that reported prices are weighted averages of multiple trades in ranges of $30.69–$31.20 and $29.75–$30.50, and that totals reflect a stock split reclassifying each share into 1.0239 shares of beneficial interest.

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Insider Robinhood Markets, Inc.
Role 10% Owner
Sold 21,109 shs ($640K)
Type Security Shares Price Value
Sale Common Shares of Beneficial Interest 14,040 $30.03 $422K
Sale Common Shares of Beneficial Interest 7,069 $30.88 $218K
Holdings After Transaction: Common Shares of Beneficial Interest — 13,285,317 shares (Direct)
Footnotes (1)
  1. This is the weighted average sale price. Shares were sold in multiple transactions at prices from $30.69 to $31.20. 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 $29.75 to $30.50. 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).
Shares sold on July 13, 2026 14,040 shares Open-market sale of Common Shares of Beneficial Interest at $30.03 per share
Shares sold on July 10, 2026 7,069 shares Open-market sale of Common Shares of Beneficial Interest at $30.88 per share
Total shares sold 21,109 shares Aggregate of July 10 and July 13, 2026 open-market sales by Robinhood Markets
Shares held after transactions 13,285,317 shares Direct holdings of Common Shares of Beneficial Interest following July 13, 2026 sale
Stock split ratio 1.0239 shares Each share outstanding as of March 5, 2026 reclassified into 1.0239 shares of beneficial interest
Price range footnote 1 $30.69–$31.20 Range of prices for trades included in a weighted average sale price disclosure
Price range footnote 3 $29.75–$30.50 Range of prices for trades included in another weighted average sale price disclosure
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"
ten percent owner regulatory
"Reporting person is a ten percent owner of the issuer"

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FAQ

What insider transactions did Robinhood Markets report for Robinhood Ventures Fund I (RVI)?

Robinhood Markets reported two open-market sales totaling 21,109 shares of Robinhood Ventures Fund I Common Shares of Beneficial Interest, executed on July 10 and July 13, 2026, and remains a large holder with over 13.2 million shares afterward.

On what dates and at what prices were RVI shares sold by Robinhood Markets?

Robinhood Markets sold 7,069 shares at $30.88 on July 10, 2026 and 14,040 shares at $30.03 on July 13, 2026. The disclosed prices are weighted averages of multiple trades within specified intraday price ranges.

How many Robinhood Ventures Fund I (RVI) shares does Robinhood Markets hold after these sales?

After the reported July 2026 transactions, Robinhood Markets directly holds 13,285,317 Common Shares of Beneficial Interest of Robinhood Ventures Fund I. This figure already reflects the share reclassification from a prior stock split described in the footnotes.

What do the weighted average sale price footnotes mean for RVI trades?

The footnotes explain that each reported price is a weighted average sale price. Individual trades occurred across price ranges of $30.69–$31.20 and $29.75–$30.50, and detailed breakdowns by exact price are available upon request to the parties listed.

How did the stock split affect Robinhood Markets’ holdings of RVI shares?

A footnote states a stock split became effective immediately before the IPO, under which each share became 1.0239 shares of beneficial interest. Robinhood Markets’ reported total of 13,285,317 shares already reflects this reclassification adjustment.

What is Robinhood Markets’ ownership status in Robinhood Ventures Fund I (RVI)?

Robinhood Markets is identified as a ten percent owner of Robinhood Ventures Fund I. Even after selling 21,109 shares in July 2026, it continues to hold more than 13.2 million Common Shares of Beneficial Interest directly.
SEC Form 4
FORM 4UNITED 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)
DirectorX10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/10/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Shares of Beneficial Interest07/10/2026S7,069D$30.88(1)13,299,357(2)D
Common Shares of Beneficial Interest07/13/2026S14,040D$30.03(3)13,285,317(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. This is the weighted average sale price. Shares were sold in multiple transactions at prices from $30.69 to $31.20. 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 $29.75 to $30.50. 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: Treasurer07/14/2026
** Signature of Reporting PersonDate
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)