Robinhood Ventures (NYSE: RVI) 10% holder sells 28,431 common shares

Rhea-AI Filing Summary

Robinhood Markets, Inc., reported as a 10% owner of Robinhood Ventures Fund I (RVI), sold an aggregate of 28,431 Common Shares of Beneficial Interest in transactions on July 22–23, 2026. The sales were executed under a Rule 10b5-1 trading plan and use weighted-average prices, with detailed price ranges described in the transaction notes.

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

Insider Trade Summary 10b5-1

Net Seller: 28,431 shares

Net Sell 4 txns

Insider Robinhood Markets, Inc.

Role 10% Owner

Sold 28,431 shs ($765K)

Type	Security	Shares	Price	Value
Sale	Common Shares of Beneficial Interest F4, F2	10,549	$26.02	$274K
Sale	Common Shares of Beneficial Interest F2	118	$26.79	$3K
Sale	Common Shares of Beneficial Interest F1, F2	2,114	$26.96	$57K
Sale	Common Shares of Beneficial Interest F3, F2	15,650	$27.49	$430K

Holdings After Transaction: Common Shares of Beneficial Interest — 13,181,275 shares (Direct)

Footnotes (4)

1. F1. This is the weighted average sale price. Shares were sold in multiple transactions at prices from $26.235 to $27.225. 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 $27.235 to $27.90. 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 $25.67 to $26.58. 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

Total shares sold: 28,431 shares Sale lot on 2026-07-22 (weighted average): 2,114 shares at $26.96 per share Sale lot on 2026-07-22 (weighted average): 15,650 shares at $27.49 per share +3 more

6 metrics

Total shares sold 28,431 shares Aggregate non-derivative sales by Robinhood Markets, Inc. on July 22–23, 2026

Sale lot on 2026-07-22 (weighted average) 2,114 shares at $26.96 per share Common Shares of Beneficial Interest, trades from $26.235 to $27.225

Sale lot on 2026-07-22 (weighted average) 15,650 shares at $27.49 per share Common Shares of Beneficial Interest, trades from $27.235 to $27.90

Sale lot on 2026-07-23 (weighted average) 10,549 shares at $26.02 per share Common Shares of Beneficial Interest, trades from $25.67 to $26.58

Additional sale on 2026-07-23 118 shares at $26.79 per share Common Shares of Beneficial Interest, non-derivative sale

Stock split ratio 1.0239 shares of beneficial interest per share Each share outstanding as of March 5, 2026 reclassified before the IPO

Key Terms

Rule 10b5-1 trading plan, weighted average sale price, stock split, Common Shares of Beneficial Interest

4 terms

Rule 10b5-1 trading plan financial

"Transactions were effected under a Rule 10b5-1 trading plan"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

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 the IPO"

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.

Common Shares of Beneficial Interest financial

"Security title reported as 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.

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/24/2026 - 05:22 PM Accepted by SEC EDGAR 07/24/2026 - 05:21 PM Learn about SEC filing dates

FAQ

What insider activity did Robinhood Markets, Inc. report for Robinhood Ventures Fund I (RVI)?

Robinhood Markets, Inc. reported sales of 28,431 Common Shares of Beneficial Interest in Robinhood Ventures Fund I on July 22–23, 2026. These non-derivative transactions were coded “S” for sales and were executed under a Rule 10b5-1 trading plan.

How many RVI shares were sold and at what prices in this Form 4 filing?

The filing shows 28,431 shares sold across four transactions. Lots of 2,114, 15,650 and 10,549 shares used weighted-average prices with trade ranges from $25.67–$27.90, and a separate 118-share sale was executed at $26.79 per share.

Were the RVI insider sales by Robinhood Markets, Inc. made under a Rule 10b5-1 plan?

Yes. The Form 4 indicates the transactions were effected under a Rule 10b5-1 trading plan. Such plans pre-establish trading parameters, so sales occur according to the plan’s terms rather than discretionary timing decisions by the reporting person.

What type of security did Robinhood Markets, Inc. sell in Robinhood Ventures Fund I (RVI)?

The reported transactions involved Common Shares of Beneficial Interest of Robinhood Ventures Fund I. All four entries are non-derivative sales, reflecting direct ownership, rather than option exercises or other derivative-related activity.

What stock split impacting RVI holdings is described in the Form 4 footnotes?

A footnote states that total holdings reflect a stock split effective immediately before the IPO, under which each share outstanding as of March 5, 2026 was reclassified into 1.0239 shares of beneficial interest, adjusting the reporting person’s share count accordingly.

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)
07/22/2026

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	07/22/2026		S		2,114	D	$26.96(1)	13,207,592(2)	D
Common Shares of Beneficial Interest	07/22/2026		S		15,650	D	$27.49(3)	13,191,942(2)	D
Common Shares of Beneficial Interest	07/23/2026		S		10,549	D	$26.02(4)	13,181,393(2)	D
Common Shares of Beneficial Interest	07/23/2026		S		118	D	$26.79	13,181,275(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 $26.235 to $27.225. 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 $27.235 to $27.90. 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 $25.67 to $26.58. 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	07/24/2026
	** 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)