Form 4: Robinhood's Chief Technology Officer, Jeffrey Pinner, Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Jeffrey Pinner, Chief Technology Officer of Robinhood Markets, Inc., sold 5,853 shares of Class A Common Stock on March 5, 2025, under a pre-arranged 10b5-1 trading plan.
Summary
- On March 5, 2025, Jeffrey Tsvi Pinner, the Chief Technology Officer of Robinhood Markets, Inc., sold 5,853 shares of Class A Common Stock.
- The sale was executed at a weighted-average price of $46.8105 per share, with individual trades occurring between $45.22 and $48.27.
- The transaction was conducted under a Rule 10b5-1 trading plan adopted on November 11, 2024.
- Following the transaction, Pinner directly owns 17,559 shares of Robinhood's Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to an insider stock sale under a pre-arranged trading plan, suggesting a neutral sentiment.
Industry Context
This filing is a routine disclosure of insider trading activity. It is common for executives to use 10b5-1 trading plans to sell shares over time to avoid accusations of insider trading based on short term knowledge.
Stakeholder Impact
- The sale of shares by a high-ranking officer could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| 11/11/2024 | Date the Reporting Person adopted a Rule 10b5-1 trading plan |
| 03/05/2025 | Date of the transaction (sale of shares) |
| 03/07/2025 | Date of signature for the SEC Form 4 filing |
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