Gallagher Daniel Martin Jr 4
Research Summary
AI-generated summary
Robinhood (HOOD) Chief Legal Officer Daniel Gallagher Sells 10,000 Shares
What Happened
Daniel Martin Gallagher Jr., Chief Legal Officer of Robinhood Markets, sold a total of 10,000 shares of HOOD in open-market transactions on June 3, 2026, generating approximately $836,771 in proceeds. The sales were executed in multiple trades at prices reported as weighted averages for blocks: 4,800 shares @ $83.08 ($398,782), 4,200 shares @ $84.06 ($353,072), 800 shares @ $84.70 ($67,762), and 200 shares @ $85.78 ($17,155). This is a sale (not a purchase) and was executed pursuant to a pre-established Rule 10b5-1 trading plan.
Key Details
- Transaction date: June 3, 2026 (reported on Form 4 filed June 5, 2026).
- Total shares sold: 10,000; total proceeds: ~$836,771.
- Price details / trade ranges (per filing footnotes):
- 4,800 shares: trades ranged $82.53–$83.51 (weighted avg $83.08) (F2)
- 4,200 shares: trades ranged $83.53–$84.51 (weighted avg $84.06) (F3)
- 800 shares: trades ranged $84.55–$85.52 (weighted avg $84.70) (F4)
- 200 shares: trades ranged $85.75–$85.80 (weighted avg $85.78) (F5)
- 10b5-1 plan: The sales were effected under a Rule 10b5-1 trading plan adopted August 8, 2025 (F1).
- Filing timeliness: Form 4 was filed June 5, 2026 reporting transactions on June 3, 2026; the filing does not indicate a late filing.
- Shares owned after transaction: Not disclosed in the provided filing excerpt.
- Filing note: The reporting person agreed to provide detailed per-trade quantities and prices to the SEC, issuer, or any security holder upon request.
Context
Sales made under Rule 10b5-1 plans are pre-scheduled and generally considered routine dispositions rather than direct signals of the insider’s current view on the company. No purchases, option exercises, or transfers were reported in this filing.