Robinhood (HOOD) Director Baiju Bhatt Sells 50,317 Shares

What Happened

• Baiju Bhatt, a director of Robinhood Markets (HOOD), sold an aggregate 50,317 shares on August 14, 2026 under a pre-established Rule 10b5-1 plan. The sales were executed in multiple trades and generated total proceeds of approximately $4,870,628.
• Sales detail by tranche: 17,271 shares at a weighted-average $95.85 (≈ $1,655,393); 27,245 shares at a weighted-average $97.19 (≈ $2,647,982); and 5,801 shares at a weighted-average $97.79 (≈ $567,253). The transactions were accompanied by an automatic conversion of 50,317 shares from a derivative/Class B position into Class A shares upon execution.

Key Details

• Transaction date: August 14, 2026; Form 4 filed August 18, 2026 (filed timely).
• Prices/ranges: tranche averages shown above; individual trade price ranges reported as $95.49–$96.44, $96.57–$97.56, and $97.57–$98.33 per footnotes.
• Total shares sold: 50,317; total proceeds ≈ $4.87 million.
• Footnotes: Transactions were effected pursuant to the Baiju Bhatt Living Trust’s 10b5-1 plan (adopted Nov 13, 2025). The sales caused an automatic conversion of the same number of shares into Class A common stock.
• Shares owned after transaction: not reported in the provided filing details.

Context

• These were planned sales under a Rule 10b5-1 trading plan, which is a common mechanism for insiders to sell shares on a pre-set schedule; such sales are generally considered routine and do not, by themselves, indicate management sentiment.
• The filing shows conversion of derivative/Class B shares into Class A shares tied to the sales — essentially the trust sold shares and those converted into Class A upon execution.