Robinhood Co-Founder & Director Files Form 144 to Sell $5.0M in Shares via 10b5-1 Plan

Overview

On October 21, 2026, the Baiju Prafulkumar Bhatt Living Trust, associated with Robinhood Markets, Inc. co-founder and director Baiju Prafulkumar Bhatt, filed a Form 144 notice of proposed sale for 50,912 shares of Class A Common Stock. The aggregate market value of the proposed transaction is $5,000,067.52, reflecting an implied price of approximately $98.21 per share.

Key Details

• Broker: Morgan Stanley Smith Barney LLC Executive Financial Services
• Nature of Shares: Founder shares originally acquired on October 4, 2018, from the issuer.
• Trading Plan: Executed under a pre-established Rule 10b5-1 trading plan adopted on November 13, 2025.
• Shares Outstanding Context: The 50,912 shares represent approximately 0.006% of Robinhood's 790,630,234 outstanding shares.

Prior 3-Month Sales History

The trust has conducted steady monthly sales under the same 10b5-1 plan:

• September 10, 2026: 43,373 shares sold for gross proceeds of $4,956,488.61 (~$114.28/share)
• August 14, 2026: 50,317 shares sold for gross proceeds of $4,870,630.25 (~$96.80/share)
• July 24, 2026: 49,223 shares sold for gross proceeds of $4,680,526.47 (~$95.09/share)

Significance & Market Impact

The transaction significance is rated Low. The proposed sale represents a small fraction of total shares outstanding and forms part of an established, routine monthly liquidation program under a Rule 10b5-1 trading plan instituted almost a year prior.