Form 4: Robinhood's Chief Brokerage Officer, Steven M. Quirk, Sells Shares Under 10b5-1 Plan

Steven M. Quirk, Chief Brokerage Officer of Robinhood Markets, Inc., sold 123,272 shares of Class A Common Stock on February 21, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On February 21, 2025, Steven M. Quirk, the Chief Brokerage Officer of Robinhood Markets, Inc., sold 123,272 shares of Class A Common Stock.
• The sale was executed under a Rule 10b5-1 trading plan adopted on November 12, 2024.
• The shares were sold at a weighted-average price of $55.8029, with individual trades ranging from $51.46 to $57.82.
• Following the transaction, Quirk directly owns 298,826 shares of Robinhood's Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine stock sale by an officer. It doesn't inherently convey positive or negative sentiment, but the market reaction will depend on the size and context of the sale.

Industry Context

Sales by company insiders are a common occurrence and are often pre-planned through Rule 10b5-1 trading plans to avoid accusations of trading on non-public information. The market typically analyzes the size and frequency of such sales to gauge insider sentiment.

Stakeholder Impact

• Shareholders may react to the news of an officer selling shares, although the existence of a 10b5-1 plan mitigates concerns about insider information.

Key Dates