Robinhood Markets: CLO Gallagher Daniel Martin Jr sold 10,000 shares

What happened

• Gallagher Daniel Martin Jr, chief legal officer, sold 4,800 shares at a weighted-average price of $113.28 for $543,741; sold 4,700 shares at a weighted-average price of $114.01 for $535,830; and sold 500 shares at a weighted-average price of $115.06 for $57,529. Total proceeds reported: $1,137,100.

Key details

• Transaction date: Oct 5, 2026. Reported filing date: Oct 7, 2026.
• Prices and execution: weighted-average prices reported as $113.28, $114.01 and $115.06; filing notes the trades were executed in multiple trades at prices ranging $112.70 to $113.68, $113.71 to $114.68, and $114.73 to $115.27, respectively.
• Shares owned after the transaction: not reported in the filing.
• Footnotes: the filing states a Rule 10b5-1 trading plan was adopted by the reporting person on Aug 8, 2025; the filing also includes undertakings to provide details of the number of shares and prices for the multiple trades upon request.
• Filing timeliness: not indicated in the filing.

Why it may matter

• The filing reports open-market sales executed in multiple trades and notes a 10b5-1 trading plan.
• This was not an option exercise or a gift; it was reported as sales.
• A filing does not show why the insider traded or why the company acted.