Robinhood (HOOD) CBO Steven Quirk Sells 24,416 Shares
$HOOD · Robinhood Markets, Inc.Research Summary
AI-generated summary of this SEC filing
Robinhood (HOOD) CBO Steven Quirk Sells 24,416 Shares
What Happened
Steven M. Quirk, Chief Brokerage Officer of Robinhood Markets (HOOD), sold a total of 24,416 shares in open-market transactions on September 3, 2026, for aggregate proceeds of approximately $2,937,890. Individual reported lots included: 2,397 @ $113.25 ($271,454); 200 @ $116.28 ($23,256); 300 @ $117.86 ($35,358); 13,208 @ $119.93 ($1,584,016); 400 @ $120.63 ($48,253); 800 @ $121.70 ($97,358); 3,599 @ $122.97 ($442,552); 2,700 @ $123.88 ($334,483); and 812 @ $124.58 ($101,160). These were sales (S) — typically routine and not an explicit bullish signal.
Key Details
- Transaction date: September 3, 2026; Form 4 filed September 4, 2026 (timely — within Form 4 reporting window).
- Total shares sold: 24,416; total proceeds: ≈ $2,937,890.
- Reported prices for individual lots ranged roughly from $113.24 to $124.78; several entries were executed as multiple intra-day trades and reported as weighted-average prices.
- One transaction note indicates it was effected pursuant to a Rule 10b5-1 trading plan adopted November 19, 2025.
- Shares owned after the transactions are not provided in the information you supplied.
- Transaction code: S = Sale.
Context
Sales by executives can be routine (diversification, planned selling, or a 10b5-1 plan) and do not necessarily reflect a change in outlook on the company. The presence of a Rule 10b5-1 plan for at least one lot suggests at least part of these sales were pre-scheduled. Purchases generally carry more weight as affirmative insider confidence signals; this filing documents multiple open-market sales.