Robinhood Markets sells RVI shares under trading plan

Robinhood Markets, Inc., a 10% owner of Robinhood Ventures Fund I (RVI), reported selling a total of 12,695 Common Shares of Beneficial Interest in open-market transactions on August 11–12, 2026 under a Rule 10b5-1 trading plan.

Rhea-AI Filing Summary

Robinhood Markets, Inc., a 10% owner of Robinhood Ventures Fund I (RVI), reported selling a total of 12,695 Common Shares of Beneficial Interest in open-market transactions on August 11–12, 2026 under a Rule 10b5-1 trading plan. Sales on August 11 covered 5,756 shares at a weighted average price of $27.83 (with individual trades between $27.51 and $28.35) plus 52 additional shares at $28.54. On August 12, 6,887 shares were sold at a weighted average price of $28.23, with prices ranging from $27.90 to $28.655. A noted stock split reclassified each share outstanding as of March 5, 2026 into 1.0239 shares of beneficial interest.

Insider Trade Summary 10b5-1

Net Seller: 12,695 shares

Net Sell 3 txns

Insider Robinhood Markets, Inc.

Role 10% Owner

Sold 12,695 shs ($356K)

Type	Security	Shares	Price	Value
Sale	Common Shares of Beneficial Interest F3, F2	6,887	$28.23	$194K
Sale	Common Shares of Beneficial Interest F1, F2	5,756	$27.83	$160K
Sale	Common Shares of Beneficial Interest F2	52	$28.54	$1K

Holdings After Transaction: Common Shares of Beneficial Interest — 13,062,989 shares (Direct)

Footnotes (3)

1. F1. This is the weighted average sale price. Shares were sold in multiple transactions at prices from $27.51 to $28.35. 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 $27.90 to $28.655. 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

Total shares sold: 12,695 shares August 11 main block: 5,756 shares at $27.83 August 11 additional sale: 52 shares at $28.54 +2 more

5 metrics

Total shares sold 12,695 shares Aggregate non-derivative sales reported for August 11–12, 2026

August 11 main block 5,756 shares at $27.83 Weighted average price; trades ranged from $27.51 to $28.35

August 11 additional sale 52 shares at $28.54 Separate open-market sale on August 11, 2026

August 12 sale 6,887 shares at $28.23 Weighted average price; trades ranged from $27.90 to $28.655

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

Key Terms

Rule 10b5-1, weighted average sale price, shares of beneficial interest, stock split

4 terms

Rule 10b5-1 regulatory

"The Rule 10b5-1 checkbox is affirmed, indicating trades under a plan."

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

weighted average sale price financial

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

shares of beneficial interest financial

"Common Shares of Beneficial Interest were the security sold in the 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.

FAQ

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

What insider transactions did Robinhood Markets report in RVI on this Form 4?

Robinhood Markets reported selling 12,695 Common Shares of Beneficial Interest in Robinhood Ventures Fund I (RVI) on August 11–12, 2026. All transactions were open-market sales of non-derivative shares.

At what prices did Robinhood Markets sell RVI shares on August 11, 2026?

On August 11, Robinhood Markets sold 5,756 shares at a weighted average price of $27.83, with trade prices between $27.51 and $28.35. It also sold 52 shares at $28.54 that day.

What was the August 12, 2026 sale reported by Robinhood Markets in RVI?

On August 12, Robinhood Markets sold 6,887 RVI shares at a weighted average price of $28.23. Individual transactions occurred at prices ranging from $27.90 to $28.655, according to the filing footnote.

Were Robinhood Markets’ RVI share sales made under a Rule 10b5-1 plan?

Yes. The Form 4 indicates the Rule 10b5-1 checkbox as affirmative, meaning the reported RVI share sales were made pursuant to a pre-arranged trading plan rather than discretionary timing.

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

Across all reported transactions, Robinhood Markets sold 12,695 Common Shares of Beneficial Interest in RVI. This consists of 6,887 shares sold on August 12 and 5,808 shares sold on August 11.

What stock split does the Robinhood Ventures Fund I Form 4 reference?

The filing notes a stock split in which each share outstanding as of March 5, 2026 was reclassified into 1.0239 shares of beneficial interest. Reported total shares held reflect this reclassification.

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 08/13/2026 - 04:38 PM EDT Learn about SEC filing dates

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)
08/11/2026

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	08/11/2026		S		5,756	D	$27.83(1)	13,069,928(2)	D
Common Shares of Beneficial Interest	08/11/2026		S		52	D	$28.54	13,069,876(2)	D
Common Shares of Beneficial Interest	08/12/2026		S		6,887	D	$28.23(3)	13,062,989(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 $27.51 to $28.35. 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 $27.90 to $28.655. 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	08/13/2026
	** 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)