Robinhood (HOOD) Chief Legal Officer Daniel Gallagher Sells 10,000 Shares

What Happened
Daniel Martin Gallagher Jr., Chief Legal Officer of Robinhood Markets (HOOD), sold a total of 10,000 shares in multiple open-market transactions on August 3, 2026, for aggregate proceeds of approximately $904,191. The trades were all sales (transaction code S) executed at several average prices: 800 shares @ $86.28 ($69,023); 400 shares @ $87.19 ($34,878); 300 shares @ $89.08 ($26,723); 2,200 shares @ $90.06 ($198,134); 3,400 shares @ $90.94 ($309,201); and 2,900 shares @ $91.80 ($266,232). These sales were effected under a pre-established Rule 10b5-1 trading plan.

Key Details

• Transaction date: August 3, 2026; Form 4 filed August 5, 2026 (timely filing).
• Prices/ranges (per footnotes): trades executed across intraday ranges — $85.85–$86.65; $87.00–$87.35; $88.46–$89.41; $89.47–$90.45; $90.48–$91.46; $91.50–$92.33. Reported amounts above are weighted-average prices for each grouped sale.
• Shares sold: 10,000 total; proceeds ≈ $904,191.
• Shares owned after transaction: not specified in the provided filing details.
• Notable footnotes: F1 — sales were made pursuant to a Rule 10b5-1 plan adopted Aug 8, 2025. F2–F7 — multiple intraday trades for each grouped sale; the reporting person will provide detailed per-trade info on request.

Context
Sales under a Rule 10b5-1 plan are pre-arranged and often viewed as routine liquidity management rather than a real-time signal of the insider's view on the stock. For retail investors, scheduled sales are generally less informative than ad-hoc purchases by insiders. This report documents only the sales; it does not indicate why the plan was established or how many shares Gallagher continues to hold.