Quirk Steven M. 4
4 · Robinhood Markets, Inc. · Filed Jun 5, 2026
Research Summary
AI-generated summary of this filing
Robinhood (HOOD) Chief Brokerage Officer Steven Quirk Sells Shares
What Happened
Steven M. Quirk, Chief Brokerage Officer of Robinhood Markets (HOOD), sold a total of 10,837 shares in open-market dispositions on June 3, 2026. The sales break down as 8,540 shares at a weighted-average price of $85.77 (proceeds $732,518) and 2,297 shares at $86.42 (proceeds $198,507), for combined gross proceeds of approximately $931,025. These were sales (dispositions), which are typically routine insider liquidity events rather than affirmative bullish purchases.
Key Details
- Transaction date: June 3, 2026; Form 4 filed June 5, 2026 (timely filing).
- Prices: weighted-average $85.77 for the 8,540-share block (range per footnote $85.58–$86.51) and $86.42 for the 2,297-share block; multiple trades executed during the day.
- Total shares sold: 10,837; total reported proceeds ≈ $931,025.
- Shares owned after transaction: Not provided in the supplied filing.
- Notable footnotes:
- One transaction was executed under a Rule 10b5-1 trading plan adopted Nov 19, 2025 (prearranged plan).
- Reporting person offers to provide detailed per-trade share counts and prices to the SEC, issuer, or any security holder upon request.
Context
Sales under a 10b5-1 plan are pre-scheduled and are generally considered routine liquidity management rather than a direct signal about the insider’s view of the company's near-term prospects. For retail investors, purchases tend to carry more weight as a sign of insider confidence; this filing documents routine sales. If you want the exact per-trade breakdown, the filing indicates the reporting person will provide that information on request.
Insider Transaction Report
- Sale
Class A Common Stock
[F1][F2]2026-06-03$85.77/sh−8,540$732,518→ 84,286 total - Sale
Class A Common Stock
[F1][F3]2026-06-03$86.42/sh−2,297$198,507→ 81,989 total
Footnotes (3)
- [F1]This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 19, 2025.
- [F2]This transaction was executed in multiple trades during the day at prices ranging from $85.58 to $86.51. The weighted-average price is reported above. The Reporting Person hereby undertakes to provide to the SEC staff, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares and prices at which the trades were made.
- [F3]This transaction was executed during the day at the price reported above. The Reporting Person hereby undertakes to provide to the SEC staff, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares and prices at which the trades were made.