Bhatt Baiju 4
4 · Robinhood Markets, Inc. · Filed Apr 20, 2026
Research Summary
AI-generated summary of this filing
Robinhood (HOOD) Director Baiju Bhatt Sells 57,261 Shares
What Happened
Baiju Bhatt, a director of Robinhood Markets (HOOD), sold a total of 57,261 shares on April 16, 2026 under a pre‑arranged Rule 10b5‑1 trading plan established by the Baiju Bhatt Living Trust. The sales were executed in multiple blocks at weighted‑average prices of $84.59, $85.62, $86.59, $87.48 and $88.36, producing aggregate gross proceeds of approximately $4.95 million. The filing also reports the automatic conversion of 57,261 Class B shares into Class A common stock upon execution of those sales (recorded as conversion of a derivative security).
Key Details
- Transaction date: April 16, 2026 (filed with the SEC on April 20, 2026).
- Sales (multiple trades, weighted averages and intra‑day price ranges):
- 6,400 shares — $84.59 (range $84.06–$85.05) — ~$541,395
- 11,400 shares — $85.62 (range $85.06–$86.05) — ~$976,041
- 27,961 shares — $86.59 (range $86.06–$87.05) — ~$2,421,238
- 10,000 shares — $87.48 (range $87.06–$88.05) — ~$874,843
- 1,500 shares — $88.36 (range $88.06–$89.00) — ~$132,544
- Total sold: 57,261 shares; total proceeds ≈ $4.95 million.
- Footnotes: sales were made under the Baiju Bhatt Living Trust’s 10b5‑1 plan (adopted Nov 13, 2025); conversion of Class B to Class A occurred automatically upon sale; weighted‑average prices reported and the filer offers to provide detailed trade-by-trade data on request.
- Shares owned after the transactions are not specified in this filing.
- Filing posted Apr 20, 2026 (four days after the trades); check the SEC filing for any timeliness notes.
Context
These sales were executed under a Rule 10b5‑1 plan, which typically indicates pre‑planned, automated trades rather than ad‑hoc insider sales. The conversion entries reflect the mechanics of Class B shares converting to Class A when sold; the filing shows the conversion and subsequent sale rather than an outright cashless exercise. As always, sales by insiders can be routine (planned diversification or trust instructions) and do not by themselves prove a change in the insider’s view of the company.
Insider Transaction Report
- Conversion
Class A Common Stock
[F1]2026-04-16+57,261→ 57,261 total(indirect: By Trust) - Sale
Class A Common Stock
[F2][F3]2026-04-16$84.59/sh−6,400$541,395→ 50,861 total(indirect: By Trust) - Sale
Class A Common Stock
[F2][F4]2026-04-16$85.62/sh−11,400$976,041→ 39,461 total(indirect: By Trust) - Sale
Class A Common Stock
[F2][F5]2026-04-16$86.59/sh−27,961$2,421,238→ 11,500 total(indirect: By Trust) - Sale
Class A Common Stock
[F2][F6]2026-04-16$87.48/sh−10,000$874,843→ 1,500 total(indirect: By Trust) - Sale
Class A Common Stock
[F2][F7]2026-04-16$88.36/sh−1,500$132,544→ 0 total(indirect: By Trust) - Conversion
Class B Common Stock
[F1]2026-04-16−57,261→ 47,073,799 total(indirect: By Trust)→ Class A Common Stock (57,261 underlying)
- 2,778
Class A Common Stock
Footnotes (7)
- [F1]As part of the transactions effected on April 16, 2026 pursuant to the Rule 10b5-1 trading plan adopted by the Baiju Bhatt Living Trust ("Living Trust") on November 13, 2025 ("Bhatt 10b5-1 plan"), the Living Trust sold an aggregate of 57,261 shares of its Class B Common Stock, resulting in an automatic conversion of the same amount of shares into Class A Common Stock upon execution of the sales.
- [F2]This transaction was effected pursuant to the Bhatt 10b5-1 plan.
- [F3]This transaction was executed in multiple trades during the day at prices ranging from $84.06 to $85.05. The weighted-average price is reported above. The Reporting Person hereby undertakes to provide to the SEC staff, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares and prices at which the trades were made.
- [F4]This transaction was executed in multiple trades during the day at prices ranging from $85.06 to $86.05. The weighted-average price is reported above. The Reporting Person hereby undertakes to provide to the SEC staff, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares and prices at which the trades were made.
- [F5]This transaction was executed in multiple trades during the day at prices ranging from $86.06 to $87.05. The weighted-average price is reported above. The Reporting Person hereby undertakes to provide to the SEC staff, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares and prices at which the trades were made.
- [F6]This transaction was executed in multiple trades during the day at prices ranging from $87.06 to $88.05. The weighted-average price is reported above. The Reporting Person hereby undertakes to provide to the SEC staff, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares and prices at which the trades were made.
- [F7]This transaction was executed in multiple trades during the day at prices ranging from $88.06 to $89.00. The weighted-average price is reported above. The Reporting Person hereby undertakes to provide to the SEC staff, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares and prices at which the trades were made.