Form 4: Robinhood Executive Steven M. Quirk Sells Shares Under 10b5-1 Trading Plan

Steven M. Quirk, Chief Brokerage Officer of Robinhood Markets, Inc., sold 10,032 shares of Class A Common Stock at an average price of $47.6731 on May 5, 2025, under a pre-arranged trading plan.

Summary

• On May 5, 2025, Steven M. Quirk, the Chief Brokerage Officer of Robinhood Markets, Inc., sold 10,032 shares of Class A Common Stock.
• The sale was executed at a weighted-average price of $47.6731 per share, with individual trades ranging from $45.88 to $48.28.
• The transaction was conducted under a Rule 10b5-1 trading plan adopted on November 12, 2024.
• Following the transaction, Quirk directly owns 323,660 shares of Robinhood's Class A Common Stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction was pre-planned under a 10b5-1 trading plan and doesn't necessarily reflect a change in the executive's view of the company.

Industry Context

Executive stock sales are a common occurrence in publicly traded companies. The use of a 10b5-1 trading plan allows insiders to sell shares over a period of time while avoiding accusations of insider trading. Investors often monitor these transactions for insights into management's perspective on the company's value and future prospects.

Stakeholder Impact

• The sale of shares by a high-ranking executive could potentially create uncertainty among shareholders, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates

Keywords

Form 4, Robinhood, HOOD, Steven M. Quirk, Chief Brokerage Officer, Class A Common Stock, 10b5-1 trading plan, SEC