Gallagher Michael Joseph 4

What Happened
Michael Joseph Gallagher, a director of Robinhood Ventures Fund I (RVI), acquired 4,000 shares on 2026-03-10 at $22.74 per share for a total transaction value of $90,960. The Form 4 lists the transaction code P (open market or private purchase), indicating a purchase rather than a sale.

Key Details

• Transaction date: 2026-03-10
• Type/code: Purchase (P) — open market or private purchase
• Shares acquired: 4,000 @ $22.74 per share
• Total value: $90,960
• Shares owned after transaction: Not reported on this Form 4
• Filing status: Form filed 2026-03-10 (transaction and filing same date; no late filing indicated)
• Signatory note: Aaron Ellias signed on behalf of Michael J. Gallagher pursuant to a power of attorney dated Jan 21, 2026 (filed as Exhibit 24)
• No 10b5-1 plan, option exercises, gifts, or tax withholding noted in this filing

Context
This is a straightforward director purchase. Purchases by insiders can be interpreted by investors as a signal of confidence, but they are only one data point and do not guarantee future performance. This filing does not indicate any derivative activity or other complicating factors.