Form 4: Robinhood Director Baiju Bhatt Executes Planned Stock Sale

Robinhood director Baiju Bhatt sold 186,514 shares of Class A Common Stock through a pre-arranged trading plan.

Summary

• Baiju Bhatt, a director at Robinhood Markets, Inc., sold 186,514 shares of Class A Common Stock on December 11, 2024.
• The sale was executed as part of a pre-arranged trading plan (10b5-1) adopted by Bhatt's Living Trust on September 13, 2023.
• The shares were sold at a weighted average price of $38.1328, with individual trades ranging from $37.77 to $38.54.
• The sale of Class B Common Stock resulted in an automatic conversion to Class A Common Stock.
• Following the transaction, Bhatt's Living Trust holds 0 shares of Class A Common Stock directly and 57,632,586 shares of Class B Common Stock indirectly.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to a pre-planned stock sale, and does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing related to insider trading activity, which is common for directors and officers of publicly traded companies. The use of a 10b5-1 plan is a standard practice to avoid accusations of insider trading.

Comparison to Industry Standards

• The use of a 10b5-1 trading plan is a common practice among executives and directors of publicly traded companies to manage their personal stock holdings while avoiding potential insider trading issues.
• Similar filings are regularly made by executives at companies like Coinbase, Block, and Interactive Brokers, reflecting standard practices for managing personal stock holdings.

Stakeholder Impact

• The stock sale may have a minor impact on the stock price, but it is unlikely to be significant given the pre-planned nature of the transaction.

Key Dates

Keywords

Robinhood, Baiju Bhatt, stock sale, Form 4, 10b5-1 plan, insider trading, Class A Common Stock, Class B Common Stock