Bhatt Baiju 4
4 · Robinhood Markets, Inc. · Filed May 22, 2026
Research Summary
AI-generated summary of this filing
Robinhood (HOOD) Director Baiju Bhatt Sells 67,422 Shares
What Happened
Baiju Bhatt, a director of Robinhood Markets (HOOD), sold an aggregate 67,422 shares on May 20, 2026 under a pre-set Rule 10b5-1 trading plan. The sales broke down as: 13,200 shares at a weighted-average $74.28 ($980,463), 42,955 shares at $75.55 ($3,245,220), and 11,267 shares at $76.01 ($856,355), for total cash proceeds of about $5.08 million. The filing also reports a coincident automatic conversion of 67,422 Class B shares into Class A shares upon execution of the sales (reported as derivative conversion).
Key Details
- Transaction date: May 20, 2026; Form 4 filed May 22, 2026 (timely filing).
- Sale details:
- 13,200 shares sold @ weighted-average $74.28 = $980,463 (trades ranged $73.81–$74.80).
- 42,955 shares sold @ weighted-average $75.55 = $3,245,220 (trades ranged $74.86–$75.85).
- 11,267 shares sold @ weighted-average $76.01 = $856,355 (trades ranged $75.86–$76.28).
- Total proceeds from reported sales: ≈ $5.08 million.
- Filing also shows conversion of 67,422 derivative/Class B shares into Class A shares in connection with the sales (conversion reported with $0 derivative proceeds).
- Shares owned after transaction: not specified in the provided filing excerpt.
- Notable footnotes: transactions were executed pursuant to the Baiju Bhatt Living Trust’s 10b5-1 plan (adopted Nov 13, 2025); the reporting person offers to provide detailed trade-by-trade quantities and prices on request.
Context
These were planned sales executed under a Rule 10b5-1 plan, which typically indicates pre-arranged, scheduled selling rather than opportunistic trading tied to new company information. The conversion noted reflects automatic conversion of Class B to Class A shares upon sale execution and is a technical step rather than a separate cash transaction. As always, sales by insiders are factual data points but do not alone indicate company outlook.
Insider Transaction Report
- Conversion
Class A Common Stock
[F1]2026-05-20+67,422→ 67,422 total(indirect: By Trust) - Sale
Class A Common Stock
[F2][F3]2026-05-20$74.28/sh−13,200$980,463→ 54,222 total(indirect: By Trust) - Sale
Class A Common Stock
[F2][F4]2026-05-20$75.55/sh−42,955$3,245,220→ 11,267 total(indirect: By Trust) - Sale
Class A Common Stock
[F2][F5]2026-05-20$76.01/sh−11,267$856,355→ 0 total(indirect: By Trust) - Conversion
Class B Common Stock
[F1]2026-05-20−67,422→ 47,006,377 total(indirect: By Trust)→ Class A Common Stock (67,422 underlying)
- 2,778
Class A Common Stock
Footnotes (5)
- [F1]As part of the transactions effected on May 20, 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 67,422 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 $73.81 to $74.80. 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 $74.86 to $75.85. 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 $75.86 to $76.28. 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.