Robinhood Chief Legal Officer Daniel Gallagher Sells $1.22M in Class A Shares Under Rule 10b5-1 Plan
Robinhood Markets, Inc.
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Filing Summary
📢 Insider Transaction Report: Robinhood Markets, Inc. (HOOD)
Insider: Daniel Martin Gallagher Jr (Chief Legal Officer) Transaction Date: September 3, 2026 Action: Sold 10,000 shares of Class A Common Stock Average Price: ~$122.43 Total Value: $1,224,335.12 Remaining Holdings: 509,943 shares (Direct) Plan Type: Rule 10b5-1 (Adopted August 8, 2025)
Trading Significance: Low (Routine scheduled 10b5-1 sale representing ~1.9% of insider's holdings)
Comprehensive Analysis
Executive Summary
On September 3, 2026, Daniel Martin Gallagher Jr, Chief Legal Officer of Robinhood Markets, Inc. ($HOOD), disposed of 10,000 shares of Class A Common Stock across multiple price tranches ranging from $113.45 to $124.84, generating total gross proceeds of approximately $1.22 million at a weighted-average price of ~$122.43 per share.
Transaction Details
- Security: Class A Common Stock
- Total Shares Sold: 10,000
- Total Consideration: $1,224,335.12
- Ownership After Transaction: 509,943 direct shares
- Rule 10b5-1 Trading Plan: Yes (Plan adopted on August 8, 2025)
Significance & Market Impact
- Significance Level: Low
- Context: The transaction was executed pursuant to a pre-arranged Rule 10b5-1 trading plan established over a year prior (August 8, 2025). The sale represents less than 2% of Mr. Gallagher's reported direct equity holdings in Robinhood, leaving him with a substantial ongoing stake of 509,943 shares.
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