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[Form 4] Robinhood Markets, Inc. Insider Trading Activity

Filing Impact
(High)
Filing Sentiment
(Negative)
Form Type
4
Rhea-AI Filing Summary

SEC Form 4 for Robinhood Markets (HOOD) reports that Chief Brokerage Officer Steven M. Quirk disposed of 40,131 Class A shares on 08/05/2025. The stock was sold in multiple trades at prices ranging from $103.29-$107.15, producing a weighted-average price of $104.7081.

After the transaction, Quirk’s direct stake falls to 120,408 shares. The sale was made under a pre-arranged Rule 10b5-1 plan adopted 11/12/2024, which limits concerns about selective information. No derivative activity or additional insider purchases were disclosed.

Il modulo SEC Form 4 per Robinhood Markets (HOOD) segnala che il Chief Brokerage Officer Steven M. Quirk ha venduto 40.131 azioni di Classe A il 05/08/2025. Le azioni sono state cedute in più operazioni a prezzi compresi tra $103,29 e $107,15, con un prezzo medio ponderato di $104,7081.

Dopo la transazione, la partecipazione diretta di Quirk scende a 120.408 azioni. La vendita è stata effettuata nell'ambito di un piano predefinito Rule 10b5-1 adottato il 12/11/2024, che riduce le preoccupazioni riguardo all'uso di informazioni privilegiate. Non sono state segnalate attività su derivati o acquisti aggiuntivi da parte di insider.

El formulario SEC Form 4 para Robinhood Markets (HOOD) informa que el Director de Corretaje Steven M. Quirk Ի徱ó 40,131 acciones Clase A el 05/08/2025. Las acciones se vendieron en múltiples transacciones a precios que oscilaron entre $103.29 y $107.15, con un precio promedio ponderado de $104.7081.

Tras la operación, la participación directa de Quirk se reduce a 120,408 acciones. La venta se realizó bajo un plan preestablecido Rule 10b5-1 adoptado el 12/11/2024, lo que limita las preocupaciones sobre el uso de información privilegiada. No se reportaron actividades con derivados ni compras adicionales de insiders.

Robinhood Markets(HOOD)� 대� SEC Form 4 보고서에 따르� 최고중개책임� Steven M. Quirk가 2025� 8� 5일에 40,131� 클래� A 주식� 처분했습니다. 주식은 여러 거래에서 $103.29에서 $107.15 사이� 가격으� 매도되었으며, 가중평� 가격은 $104.7081입니�.

거래 � Quirk� 직접 보유 지분은 120,408주로 감소했습니다. � 매도� 2024� 11� 12� 채택� Rule 10b5-1 사전 계획� 따라 이루어져 내부 정보 이용 우려� 제한합니�. 파생상품 거래� 추가 내부� 매수� 보고되지 않았습니�.

Le formulaire SEC Form 4 pour Robinhood Markets (HOOD) indique que le Chief Brokerage Officer Steven M. Quirk a cédé 40 131 actions de Classe A le 05/08/2025. Les actions ont été vendues lors de plusieurs transactions à des prix allant de 103,29 $ à 107,15 $, avec un prix moyen pondéré de 104,7081 $.

Après la transaction, la participation directe de Quirk tombe à 120 408 actions. La vente a été réalisée dans le cadre d’un plan préétabli Rule 10b5-1 adopté le 12/11/2024, ce qui limite les inquiétudes liées à l’utilisation d’informations privilégiées. Aucune activité sur dérivés ni achat supplémentaire d’initiés n’a été déclaré.

Das SEC-Formular 4 für Robinhood Markets (HOOD) berichtet, dass der Chief Brokerage Officer Steven M. Quirk am 05.08.2025 40.131 Class A Aktien veräußert hat. Die Aktien wurden in mehreren Transaktionen zu Preisen zwischen 103,29 $ und 107,15 $ verkauft, mit einem gewichteten Durchschnittspreis von 104,7081 $.

Nach der Transaktion sinkt Quirks direkter Anteil auf 120.408 Aktien. Der Verkauf erfolgte im Rahmen eines vorab vereinbarten Rule 10b5-1 Plans, der am 12.11.2024 angenommen wurde, was Bedenken hinsichtlich selektiver Informationen einschränkt. Es wurden keine Derivatgeschäfte oder zusätzliche Insiderkäufe gemeldet.

Positive
  • Sale executed under a pre-disclosed Rule 10b5-1 plan, reducing potential insider-trading concerns and demonstrating governance compliance.
Negative
  • High-level executive reduced direct holdings by 40,131 shares, which may be interpreted as a lack of confidence in near-term valuation.

Insights

TL;DR: Senior officer sells ~40k HOOD shares; modest size, 10b5-1 plan limits negative read-through.

The sale represents roughly a high-five-figure reduction but leaves Quirk with over 120k shares, indicating he retains meaningful exposure. At a ~$104.7 average, proceeds total ~$4.2 million. Because the transaction is under a 10b5-1 plan, it is less likely to signal short-term pessimism, yet insider selling—particularly from top brokerage leadership—can weigh on sentiment in the near term. No operational metrics or strategic commentary accompany the filing, so the market impact should be limited unless followed by additional officer sales.

TL;DR: Routine, transparent 10b5-1 sale; governance risk minimal but optics mildly negative.

Use of an established 10b5-1 plan underscores adequate governance controls and reduces litigation risk. The filing meets full disclosure standards, listing weighted-average pricing and offering to supply detailed trade data. However, insider dispositions can trigger perception of overvaluation, especially when a C-suite member trims holdings just above $100. Still, his remaining 120k-plus shares align incentives with shareholders, and no red flags (e.g., clustered sales, derivatives, pledging) are present.

Il modulo SEC Form 4 per Robinhood Markets (HOOD) segnala che il Chief Brokerage Officer Steven M. Quirk ha venduto 40.131 azioni di Classe A il 05/08/2025. Le azioni sono state cedute in più operazioni a prezzi compresi tra $103,29 e $107,15, con un prezzo medio ponderato di $104,7081.

Dopo la transazione, la partecipazione diretta di Quirk scende a 120.408 azioni. La vendita è stata effettuata nell'ambito di un piano predefinito Rule 10b5-1 adottato il 12/11/2024, che riduce le preoccupazioni riguardo all'uso di informazioni privilegiate. Non sono state segnalate attività su derivati o acquisti aggiuntivi da parte di insider.

El formulario SEC Form 4 para Robinhood Markets (HOOD) informa que el Director de Corretaje Steven M. Quirk Ի徱ó 40,131 acciones Clase A el 05/08/2025. Las acciones se vendieron en múltiples transacciones a precios que oscilaron entre $103.29 y $107.15, con un precio promedio ponderado de $104.7081.

Tras la operación, la participación directa de Quirk se reduce a 120,408 acciones. La venta se realizó bajo un plan preestablecido Rule 10b5-1 adoptado el 12/11/2024, lo que limita las preocupaciones sobre el uso de información privilegiada. No se reportaron actividades con derivados ni compras adicionales de insiders.

Robinhood Markets(HOOD)� 대� SEC Form 4 보고서에 따르� 최고중개책임� Steven M. Quirk가 2025� 8� 5일에 40,131� 클래� A 주식� 처분했습니다. 주식은 여러 거래에서 $103.29에서 $107.15 사이� 가격으� 매도되었으며, 가중평� 가격은 $104.7081입니�.

거래 � Quirk� 직접 보유 지분은 120,408주로 감소했습니다. � 매도� 2024� 11� 12� 채택� Rule 10b5-1 사전 계획� 따라 이루어져 내부 정보 이용 우려� 제한합니�. 파생상품 거래� 추가 내부� 매수� 보고되지 않았습니�.

Le formulaire SEC Form 4 pour Robinhood Markets (HOOD) indique que le Chief Brokerage Officer Steven M. Quirk a cédé 40 131 actions de Classe A le 05/08/2025. Les actions ont été vendues lors de plusieurs transactions à des prix allant de 103,29 $ à 107,15 $, avec un prix moyen pondéré de 104,7081 $.

Après la transaction, la participation directe de Quirk tombe à 120 408 actions. La vente a été réalisée dans le cadre d’un plan préétabli Rule 10b5-1 adopté le 12/11/2024, ce qui limite les inquiétudes liées à l’utilisation d’informations privilégiées. Aucune activité sur dérivés ni achat supplémentaire d’initiés n’a été déclaré.

Das SEC-Formular 4 für Robinhood Markets (HOOD) berichtet, dass der Chief Brokerage Officer Steven M. Quirk am 05.08.2025 40.131 Class A Aktien veräußert hat. Die Aktien wurden in mehreren Transaktionen zu Preisen zwischen 103,29 $ und 107,15 $ verkauft, mit einem gewichteten Durchschnittspreis von 104,7081 $.

Nach der Transaktion sinkt Quirks direkter Anteil auf 120.408 Aktien. Der Verkauf erfolgte im Rahmen eines vorab vereinbarten Rule 10b5-1 Plans, der am 12.11.2024 angenommen wurde, was Bedenken hinsichtlich selektiver Informationen einschränkt. Es wurden keine Derivatgeschäfte oder zusätzliche Insiderkäufe gemeldet.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Quirk Steven M.

(Last) (First) (Middle)
C/O ROBINHOOD MARKETS, INC.
85 WILLOW ROAD

(Street)
MENLO PARK CA 94025

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Robinhood Markets, Inc. [ HOOD ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Brokerage Officer
3. Date of Earliest Transaction (Month/Day/Year)
08/05/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 08/05/2025 S(1) 40,131 D $104.7081(2) 120,408 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 12, 2024.
2. This transaction was executed in multiple trades during the day at prices ranging from $103.29 to $107.15. 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.
Remarks:
/s/ Matthew Yorkavich, attorney-in-fact for Steven M. Quirk 08/07/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many Robinhood (HOOD) shares did Steven M. Quirk sell?

The Form 4 shows a sale of 40,131 Class A shares on 08/05/2025.

At what price were the HOOD shares sold?

The weighted-average sale price was $104.7081, with individual trades between $103.29 and $107.15.

How many HOOD shares does the insider still own?

After the transaction, Quirk directly owns 120,408 shares of Robinhood Markets.

Was the sale made under a 10b5-1 trading plan?

Yes. The filing states it was executed pursuant to a Rule 10b5-1 plan adopted on 11/12/2024.

Does the filing report any derivative securities activity?

No. Table II shows no derivative securities acquired or disposed of in this transaction.
Robinhood Markets, Inc.

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