Gallagher Daniel Martin Jr 4
Research Summary
AI-generated summary
Robinhood (HOOD) CLO Daniel Gallagher Sells 10,000 Shares
What Happened
Daniel Martin Gallagher Jr., Chief Legal Officer of Robinhood Markets (HOOD), reported seven open-market sales executed on July 6, 2026 totaling 10,000 shares for aggregate proceeds of approximately $1,161,433. The reported lots were: 500 @ $112.06 ($56,028); 700 @ $113.59 ($79,516); 2,000 @ $114.68 ($229,368); 900 @ $115.76 ($104,181); 2,953 @ $116.80 ($344,917); 2,547 @ $117.80 ($300,042); and 400 @ $118.45 ($47,381). These transactions were effected pursuant to a Rule 10b5-1 trading plan.
Key Details
- Transaction date: July 6, 2026; Form 4 filed July 8, 2026 (timely filing).
- Total sold: 10,000 shares for roughly $1.16 million.
- Price execution: trades were done in multiple executions during the day; per footnotes the intra-lot price ranges span roughly $111.69 to $118.52, with the weighted-average prices reported above.
- Plan: Sale effected under a 10b5-1 plan adopted August 8, 2025 (footnote F1).
- Additional disclosure: Reporting person offers to provide detailed per-trade share counts/prices to SEC, issuer, or shareholders on request (footnotes F2–F8).
- Shares owned after transaction: not specified in the provided filing excerpt.
Context
Sales made under pre-established 10b5-1 plans are common for executives and are generally viewed as pre-arranged, routine dispositions rather than immediate signals of company outlook. This filing documents sales (S = sale); there were no purchases, option exercises, or awards reported in this Form 4.