StockDriftsRobinhood Markets, Inc. · HOOD · 4 · Filed
Chief Brokerage Officer sells $2.9M of stock under 10b5-1 plan
Source: SEC EDGAR, accession 0001659211-26-000018
What did Robinhood Markets, Inc. announce?
Steven M. Quirk, Chief Brokerage Officer, sold 24,416 shares for a total of $2,937,889.19 under a 10b5-1 plan.
Steven M. Quirk, Robinhood Markets' Chief Brokerage Officer, reported the sale of 24,416 shares of Class A Common Stock on September 3, 2026. The shares were sold in multiple transactions at prices ranging from $113.25 to $124.58 per share. These sales were conducted under a pre-arranged 10b5-1 trading plan.
Following these transactions, Mr. Quirk's direct beneficial ownership in Robinhood Markets Class A Common Stock stands at 77,839 shares. The filing did not indicate any indirect beneficial ownership. The document lists the specific quantities sold at each price point, totaling the reported shares and value.
The filing does not provide details on the reasons behind the establishment of the 10b5-1 plan or the specific criteria that triggered these sales on September 3, 2026. It also does not compare this sale to any previous transactions by Mr. Quirk or other executives at the company.
Key details
- Steven M. Quirk, the Chief Brokerage Officer, sold stock.
- The transaction involved an open-market sale of 24,416 shares.
- The total value of the shares sold was $2,937,889.19.
- The sale was made under a 10b5-1 plan.
Why it matters
This 4 reports an insider transaction at Robinhood Markets, Inc.. The likely share-price reaction reads as neutral.