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 24,311 shares of Class A Common Stock at $54.93 per share on May 9, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• On May 9, 2025, Steven M. Quirk, the Chief Brokerage Officer of Robinhood Markets, Inc., sold 24,311 shares of Class A Common Stock.
• The sale was executed at a price of $54.93 per share.
• This transaction was conducted under a Rule 10b5-1 trading plan adopted on November 12, 2024.
• Following the transaction, Quirk directly owns 299,349 shares of Robinhood's Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing an insider stock sale under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard practice and provide transparency into the trading activities of company insiders. The use of a 10b5-1 trading plan suggests the insider's trading activity is pre-planned and not based on any material non-public information.

Stakeholder Impact

• The sale of shares by a company officer could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates

Keywords

Form 4, Robinhood Markets Inc, Steven M. Quirk, Class A Common Stock, 10b5-1 Trading Plan, Insider Trading, Securities Exchange Act