Quirk Steven M. 4
Research Summary
AI-generated summary
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.