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

Robinhood Markets' Chief Legal Officer, Daniel M. Gallagher Jr., sold 9,990 shares of Class A Common Stock on January 5, 2026, through a pre-arranged 10b5-1 trading plan.

Summary

• Daniel Martin Gallagher Jr., Chief Legal Officer of Robinhood Markets, Inc. (HOOD), reported the sale of Class A Common Stock.
• The transactions occurred on January 5, 2026.
• A total of 9,990 shares of Class A Common Stock were disposed of across five separate transactions.
• The shares were sold at weighted-average prices ranging from $118.2604 to $122.8165 per share.
• Following these transactions, Daniel M. Gallagher Jr. beneficially owns 403,612 shares of Class A Common Stock directly.
• These transactions were executed pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 8, 2025.

Sentiment

Score: 5

Explanation: The filing reports a pre-scheduled sale of shares by a company officer under a Rule 10b5-1 trading plan, which is a routine disclosure and does not inherently indicate a positive or negative sentiment regarding the company's immediate prospects.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This filing details a routine insider transaction by a company officer, which is a standard disclosure requirement and does not inherently reflect broader industry trends or competitive dynamics.

Stakeholder Impact

• Shareholders: May observe a reduction in direct insider ownership, though the pre-arranged 10b5-1 plan mitigates concerns of reactive selling.

Key Dates

Keywords

Robinhood, HOOD, insider trading, Form 4, stock sale, Daniel Gallagher, Chief Legal Officer, 10b5-1 plan