Robinhood Markets (RVI) trims 15,310 fund shares in August sales

Rhea-AI Filing Summary

Robinhood Markets, Inc., a ten percent owner of Robinhood Ventures Fund I (RVI), reported open-market sales of common shares of beneficial interest. On August 13–14, 2026 it sold a total of 15,310 shares at weighted average prices around $28–$29 per share, in multiple trades within disclosed price ranges. These transactions were affirmed as made under a Rule 10b5-1 trading plan. A prior stock split effective immediately before the initial public offering reclassified each share outstanding as of March 5, 2026 into 1.0239 shares of beneficial interest, which is reflected in the reported holdings.

Insider Trade Summary 10b5-1

Net Seller: 15,310 shares

Net Sell 3 txns

Insider Robinhood Markets, Inc.

Role 10% Owner

Sold 15,310 shs ($439K)

Type	Security	Shares	Price	Value
Sale	Common Shares of Beneficial Interest F3, F2	5,482	$28.49	$156K
Sale	Common Shares of Beneficial Interest F1, F2	9,757	$28.73	$280K
Sale	Common Shares of Beneficial Interest F2	71	$29.13	$2K

Holdings After Transaction: Common Shares of Beneficial Interest — 13,047,679 shares (Direct)

Footnotes (3)

1. F1. This is the weighted average sale price. Shares were sold in multiple transactions at prices from $28.135 to $29.075. 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 $28.27 to $28.977. 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: 15,310 shares Shares sold on 2026-08-13 (main block): 9,757 shares Shares sold on 2026-08-13 (additional): 71 shares +4 more

7 metrics

Total shares sold 15,310 shares Net shares sold across all reported transactions in August 2026

Shares sold on 2026-08-13 (main block) 9,757 shares Common Shares of Beneficial Interest sold at a weighted average price of $28.73

Shares sold on 2026-08-13 (additional) 71 shares Common Shares of Beneficial Interest sold at $29.13 per share

Shares sold on 2026-08-14 5,482 shares Common Shares of Beneficial Interest sold at a weighted average price of $28.49

Price range for 9,757-share sale $28.135–$29.075 Individual trade prices for the August 13, 2026 weighted average sale (footnote F1)

Price range for 5,482-share sale $28.27–$28.977 Individual trade prices for the August 14, 2026 weighted average sale (footnote F3)

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

Key Terms

Common Shares of Beneficial Interest, Rule 10b5-1, weighted average sale price, initial public offering, +1 more

5 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.

Rule 10b5-1 regulatory

"aff_10b5_one indicates affirmation under Rule 10b5-1"

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"

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.

FAQ

What insider transactions did Robinhood Markets, Inc. report for RVI in this Form 4?

Robinhood Markets, Inc. reported selling 15,310 common shares of beneficial interest of RVI in open-market transactions on August 13–14, 2026. The sales occurred at weighted average prices around $28–$29 per share, across multiple trades within specified price ranges.

On what dates did Robinhood Markets, Inc. sell RVI shares and at what prices?

Sales occurred on August 13, 2026 and August 14, 2026. Reported weighted average prices were $28.73 and $28.49 per share, with individual trades in ranges of $28.135–$29.075 and $28.27–$28.977, plus a small sale at $29.13.

How many RVI shares did Robinhood Markets, Inc. sell in total according to this filing?

The filing reports total sales of 15,310 common shares of beneficial interest of RVI. This consists of 9,757 shares and 71 shares sold on August 13, 2026, and 5,482 shares sold on August 14, 2026, all in open-market transactions.

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

Yes. The Form 4 indicates the Rule 10b5-1 checkbox as affirmed, meaning the reported RVI share sales were made under a Rule 10b5-1 trading plan. Such plans pre-arrange trading activity, which can reduce the informational value of transaction timing.

What stock split affecting RVI is referenced in Robinhood Markets, Inc.’s Form 4?

The filing notes a stock split effective immediately before RVI’s initial public offering. Each share outstanding as of March 5, 2026 was reclassified into 1.0239 shares of beneficial interest. The total shares held by the reporting person reflect this adjustment.

What type of security did Robinhood Markets, Inc. sell in RVI?

Robinhood Markets, Inc. sold Common Shares of Beneficial Interest in RVI. All three reported transactions in the Form 4 involve this same security type, disposed of in open-market or private sale transactions at prices around $28–$29 per share.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/17/2026 - 05:07 PM Accepted by SEC EDGAR 08/17/2026 - 05:07 PM 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)
08/13/2026

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	08/13/2026		S		9,757	D	$28.73(1)	13,053,232(2)	D
Common Shares of Beneficial Interest	08/13/2026		S		71	D	$29.13	13,053,161(2)	D
Common Shares of Beneficial Interest	08/14/2026		S		5,482	D	$28.49(3)	13,047,679(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 $28.135 to $29.075. 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 $28.27 to $28.977. 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	08/17/2026
	** 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)