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Robinhood Markets, Inc.·4

Apr 20, 6:07 PM ET

Bhatt Baiju 4

Research Summary

AI-generated summary

Updated

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.