Bhatt Baiju 4

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.