Robinhood Co-Founder & Director Baiju Bhatt Sells $5.16M in Class A Shares Under 10b5-1 Plan

Executive Summary

On October 21, 2026, Robinhood Markets, Inc. (NASDAQ: HOOD) Director and Co-Founder Baiju Bhatt executed the sale of 50,912 shares of Class A Common Stock through multiple transactions at a weighted-average price of approximately $101.40 per share, generating gross proceeds of approximately $5.16 million.

Transaction Breakdown

• Conversion: Prior to the sales, 50,912 shares of Class B Common Stock held by the Baiju Bhatt Living Trust were converted on a 1-to-1 basis into Class A Common Stock.
• Sales Details:
  • 10,500 shares at a weighted-average price of $99.4705
  • 6,000 shares at a weighted-average price of $100.3752
  • 11,232 shares at a weighted-average price of $101.7191
  • 23,180 shares at a weighted-average price of $102.3836
• Trading Plan: The sales were pre-scheduled and executed pursuant to a Rule 10b5-1 trading plan adopted by the Baiju Bhatt Living Trust on November 13, 2025.

Post-Transaction Context

Following these sales, the Baiju Bhatt Living Trust holds zero Class A shares and retains 46,754,654 shares of Class B Common Stock. Bhatt additionally retains 4,636 shares of Class A Common Stock held directly. The 50,912 shares liquidated represent approximately 0.11% of Bhatt's total indirect Class B voting ownership, reflecting minimal impact on his overall equity position and governance standing.