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Robinhood Markets (RVI) logs 18,365-share Rule 10b5-1 sale in Ventures Fund I

(Very High)
(Negative)
Form Type
4

Rhea-AI Filing Summary

Robinhood Markets, Inc., a ten percent owner of Robinhood Ventures Fund I (symbol RVI), reported open-market sales of common shares of beneficial interest. On August 7 and August 10, 2026, it sold an aggregate of 18,365 shares at weighted average prices in the high-$20 range per share.

The transactions were executed pursuant to a Rule 10b5-1 trading plan and priced within disclosed ranges from $27.35 to $28.88. A noted stock split effective March 5, 2026 reclassified each share into 1.0239 shares of beneficial interest before the initial public offering.

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Insights

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Insider Robinhood Markets, Inc.
Role 10% Owner
Sold 18,365 shs ($516K)
Type Security Shares Price Value
Sale Common Shares of Beneficial Interest F4, F2 6,577 $28.18 $185K
Sale Common Shares of Beneficial Interest F1, F2 9,764 $27.94 $273K
Sale Common Shares of Beneficial Interest F3, F2 2,024 $28.65 $58K
Holdings After Transaction: Common Shares of Beneficial Interest — 13,075,684 shares (Direct)
Footnotes (4)
  1. F1. This is the weighted average sale price. Shares were sold in multiple transactions at prices from $27.35 to $28.26. 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 $28.38 to $28.88. 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 $27.97 to $28.66. 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).
Shares sold August 10, 2026 6,577 shares Common Shares of Beneficial Interest sold at $28.18 weighted average
Shares sold August 7, 2026 (block 1) 9,764 shares Sold at $27.94 weighted average in multiple transactions
Shares sold August 7, 2026 (block 2) 2,024 shares Sold at $28.65 weighted average in multiple transactions
Total shares sold 18,365 shares Aggregate of three open-market sale transactions reported in this Form 4
Lowest price range $27.35–$28.26 Price range for one weighted-average sale block on August 7, 2026
Highest price range $28.38–$28.88 Price range for one weighted-average sale block on August 7, 2026
Stock split ratio 1.0239 shares per share Reclassification of each share outstanding as of March 5, 2026
Rule 10b5-1 trading plan regulatory
"The transactions were executed pursuant to 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..."
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.
shares of beneficial interest financial
"classified into 1.0239 shares of beneficial interest."

FAQ

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

Robinhood Markets, Inc. reported sales of 18,365 common shares of beneficial interest of Robinhood Ventures Fund I in open-market transactions on August 7 and 10, 2026, at weighted average prices in the high-$20 range per share.

How many RVI shares did Robinhood Markets, Inc. sell on each reported date?

On August 7, 2026, Robinhood Markets, Inc. sold 9,764 shares at a weighted average price of $27.94 and 2,024 shares at $28.65. On August 10, 2026, it sold 6,577 shares at a weighted average price of $28.18.

What price ranges applied to the recent RVI share sales by Robinhood Markets, Inc.?

The filing states that shares were sold in multiple trades within ranges of $27.35–$28.26, $28.38–$28.88, and $27.97–$28.66. Reported prices are weighted averages, and detailed trade breakdowns are available on request.

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

Yes. The Form 4 indicates the transactions were made under a Rule 10b5-1 trading plan, meaning the trade instructions were pre-established, which can reduce the informational value of the timing of these sales for RVI investors.

What does the stock split disclosure for RVI say in this Form 4?

The disclosure notes a stock split effective immediately before the initial public offering, under which each share outstanding as of March 5, 2026 was reclassified into 1.0239 shares of beneficial interest, affecting how total shares held are reflected.

What type of security did Robinhood Markets, Inc. sell in the RVI Form 4 filing?

Robinhood Markets, Inc. sold Common Shares of Beneficial Interest of Robinhood Ventures Fund I. All three reported transactions involved this same security type in open-market or private sale transactions at weighted average prices in the high-$20 range.

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

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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)
08/07/2026
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 Interest08/07/2026S9,764D$27.94(1)13,084,285(2)D
Common Shares of Beneficial Interest08/07/2026S2,024D$28.65(3)13,082,261(2)D
Common Shares of Beneficial Interest08/10/2026S6,577D$28.18(4)13,075,684(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 $27.35 to $28.26. 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 $28.38 to $28.88. 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 $27.97 to $28.66. 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: Treasurer08/11/2026
** 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)