Form 4: Robinhood CFO Sells Shares Under 10b5-1 Plan

Robinhood Markets CFO Shiv Verma sold 5,474 shares of Class A Common Stock on February 17, 2026, under a pre-arranged 10b5-1 trading plan.

Summary

• Shiv Verma, Chief Financial Officer of Robinhood Markets, Inc. (HOOD), reported the sale of Class A Common Stock.
• A total of 5,474 shares were disposed of across four separate transactions on February 17, 2026.
• The sales were executed at weighted-average prices ranging from $73.444 to $76.3638 per share.
• These transactions were conducted pursuant to a Rule 10b5-1 trading plan adopted by Mr. Verma on August 20, 2025.
• Following these transactions, Mr. Verma beneficially owns 51,771 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the sale was executed under a pre-arranged 10b5-1 plan, mitigating immediate negative implications, though it still represents an insider reducing their stake.

Negatives

• An insider, the Chief Financial Officer, reduced their direct ownership stake in the company by selling 5,474 shares.

Industry Context

StockSavvy.ai notes that insider sales, even when conducted under pre-arranged 10b5-1 plans, are routinely monitored by investors for sentiment, especially in the fintech sector where executive confidence can influence market perception. While a 10b5-1 plan mitigates the immediate negative signal of an insider sale, it still represents a reduction in direct ownership by a key executive.

Stakeholder Impact

• Shareholders may interpret the CFO's sale of shares as a signal, though the pre-planned nature under Rule 10b5-1 suggests it is not based on new, material non-public information.

Key Dates

Recommendation

The sale by the CFO was conducted under a pre-arranged 10b5-1 trading plan, indicating it was not based on new, material non-public information. While insider sales are generally viewed with caution, the pre-planned nature suggests a neutral to slightly negative impact, warranting a 'hold' recommendation as investors assess broader company performance.

Keywords

Robinhood, HOOD, Shiv Verma, CFO, Insider Trading, Stock Sale, 10b5-1 Plan, SEC Form 4