Robinhood Markets trims Robinhood Ventures Fund I (RVI) stake in June sales

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 open-market sales of a total of 48,396 Common Shares of Beneficial Interest on June 5, 2026. The shares were sold across multiple trades at weighted average prices, with disclosed ranges from $36.6500 to $42.5600 per share. After these transactions, Robinhood Markets continues to hold over 14 million shares, indicating a large remaining position despite the net sale.

Insider Trade Summary

Net Seller: 48,396 shares ($1,845,681)

Net Sell 5 txns

Insider Robinhood Markets, Inc.

Role null

Sold 48,396 shs ($1.85M)

Type	Security	Shares	Price	Value
Sale	Common Shares of Beneficial Interest	17,050	$37.24	$635K
Sale	Common Shares of Beneficial Interest	25,856	$38.06	$984K
Sale	Common Shares of Beneficial Interest	990	$38.99	$39K
Sale	Common Shares of Beneficial Interest	2,000	$40.83	$82K
Sale	Common Shares of Beneficial Interest	2,500	$42.56	$106K

Holdings After Transaction: Common Shares of Beneficial Interest — 14,107,482 shares (Direct, null)

Footnotes (1)

This is the weighted average sale price. Shares were sold in multiple transactions at prices from $36.6500 to $37.6400. 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). This is the weighted average sale price. Shares were sold in multiple transactions at prices from $37.6500 to $38.5500. 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 (2). This is the weighted average sale price. Shares were sold in multiple transactions at prices from $38.7000 to $39.2000. 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 $40.5000 to $41.0700. 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). 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.

Key Figures

Shares sold: 48,396 shares Highest reported sale price: $42.5600 per share Lowest price range: $36.6500–$37.6400 +2 more

5 metrics

Shares sold 48,396 shares Total RVI Common Shares of Beneficial Interest sold on June 5, 2026

Highest reported sale price $42.5600 per share One open-market sale tranche on June 5, 2026

Lowest price range $36.6500–$37.6400 Footnote (1) weighted average sale price range

Highest price range $40.5000–$41.0700 Footnote (4) weighted average sale price range

Stock split ratio 1.0239 shares per prior share Reclassification effective before the initial public offering on March 5, 2026

Key Terms

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

4 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.

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Form 4 Insider Transactions: What Each Field Means →

06/09/2026 - 07:31 PM

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)
06/05/2026

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	06/05/2026		S		17,050	D	$37.24⁽¹⁾	14,107,482⁽⁵⁾	D
Common Shares of Beneficial Interest	06/05/2026		S		25,856	D	$38.06⁽²⁾	14,081,626⁽⁵⁾	D
Common Shares of Beneficial Interest	06/05/2026		S		990	D	$38.99⁽³⁾	14,080,636⁽⁵⁾	D
Common Shares of Beneficial Interest	06/05/2026		S		2,000	D	$40.83⁽⁴⁾	14,078,636⁽⁵⁾	D
Common Shares of Beneficial Interest	06/05/2026		S		2,500	D	$42.56	14,076,136⁽⁵⁾	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 $36.6500 to $37.6400. 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. This is the weighted average sale price. Shares were sold in multiple transactions at prices from $37.6500 to $38.5500. 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 (2).

3. This is the weighted average sale price. Shares were sold in multiple transactions at prices from $38.7000 to $39.2000. 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 $40.5000 to $41.0700. 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. 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.

	Robinhood Markets, Inc., By: /s/ Manan Shah, Name: Manan Shah, Title: Treasurer	06/09/2026
	** 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

FAQ

What did Robinhood Markets, Inc. report in its latest Form 4 for RVI?

Robinhood Markets, Inc. reported open-market sales totaling 48,396 Common Shares of Beneficial Interest in Robinhood Ventures Fund I on June 5, 2026. These transactions were disclosed as routine insider sales by a ten percent owner.

How many Robinhood Ventures Fund I (RVI) shares did Robinhood Markets sell?

Robinhood Markets sold 48,396 Common Shares of Beneficial Interest in Robinhood Ventures Fund I. The Form 4 transaction summary groups five separate open-market sale entries into this single net-sell figure for the reporting date.

At what prices were the RVI shares sold by Robinhood Markets, Inc.?

The reported RVI shares were sold at weighted average prices, with ranges from $36.6500 to $42.5600 per share. Footnotes explain that multiple trades occurred within these bands, and detailed breakdowns are available upon request from the reporting person.

Does Robinhood Markets, Inc. still hold a significant stake in RVI after these sales?

Yes. After the reported sales, Robinhood Markets continues to hold more than 14 million Common Shares of Beneficial Interest in Robinhood Ventures Fund I, showing that the June 5, 2026 transactions represented only a small portion of its position.

What does the stock split footnote mean for RVI shares held by Robinhood Markets?

A footnote notes 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 reclassified into 1.0239 shares of beneficial interest, increasing the share count accordingly.

Were Robinhood Markets’ RVI sales on June 5, 2026 part of a single transaction?

No. The filing states these were multiple open-market sales aggregated into weighted average prices. Trades occurred across several price ranges, and the reporting person can provide the exact share amounts at each separate price upon request.