Robinhood Co-Founder Bhatt Files Form 4, Signals Ownership Change

TL;DR

**Robinhood co-founder Baiju Bhatt just filed a Form 4, signaling a change in his stock ownership.**

AI Summary

This filing, dated March 24, 2026, indicates that Baiju Bhatt, a reporting person for Robinhood Markets, Inc., has filed a Form 4. This form is used to report changes in beneficial ownership of securities. While the filing itself doesn't detail specific transactions, it signals that Bhatt, a co-founder of Robinhood, has had a change in his holdings that will be disclosed in the full document. This matters to investors because changes in ownership by key insiders like Bhatt can signal their confidence (or lack thereof) in the company's future prospects.

Why It Matters

Changes in insider ownership can provide valuable insights into how those closest to the company view its future, potentially influencing investor sentiment and stock price.

Risk Assessment

Risk Level: medium — Without transaction details, the risk is medium as it could be a sale (negative) or an acquisition (positive), creating uncertainty.

Analyst Insight

A smart investor would await the full details of the Form 4 to understand the nature of Baiju Bhatt's transaction (buy or sell) before making any investment decisions, as this filing only signals a change, not the specifics.

Key Players & Entities

• Bhatt Baiju (person) — Reporting Person, co-founder of Robinhood Markets, Inc.
• Robinhood Markets, Inc. (company) — Issuer of the securities
• 0001870914 (person) — CIK for Bhatt Baiju
• 0001783879 (company) — CIK for Robinhood Markets, Inc.

FAQ

Key Financial Figures

• $69.92 — s during the day at prices ranging from $69.92 to $70.90. The weighted-average price i
• $70.90 — he day at prices ranging from $69.92 to $70.90. The weighted-average price is reported
• $70.94 — s during the day at prices ranging from $70.94 to $71.93. The weighted-average price i
• $71.93 — he day at prices ranging from $70.94 to $71.93. The weighted-average price is reported
• $71.94 — s during the day at prices ranging from $71.94 to $72.86. The weighted-average price i
• $72.86 — he day at prices ranging from $71.94 to $72.86. The weighted-average price is reported
• $73.09 — s during the day at prices ranging from $73.09 to $73.09. The weighted-average price i

Filing Documents

• wk-form4_1774384293.html (4)
• wk-form4_1774384293.xml (4) — 14KB
• 0001870914-26-000005.txt ( ) — 16KB

From the Filing

SEC FORM 4 SEC Form 4 FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5    Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). X Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. 1. Name and Address of Reporting Person * Bhatt Baiju (Last) (First) (Middle) C/O ROBINHOOD MARKETS, INC. 85 WILLOW ROAD (Street) MENLO PARK CALIFORNIA 94025 (City) (State) (Zip) UNITED STATES (Country) 2. Issuer Name and Ticker or Trading Symbol Robinhood Markets, Inc. [ HOOD ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner Officer (give title below) Other (specify below) 2a. Foreign Trading Symbol 3. Date of Earliest Transaction (Month/Day/Year) 03/20/2026 6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person 4. If Amendment, Date of Original Filed (Month/Day/Year) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Class A Common Stock 03/20/2026 C 67,422 A (1) 67,422 I By Living Trust Class A Common Stock 03/20/2026 S (2) 28,945 D $ 70.5593 (3) 38,477 I By Living Trust Class A Common Stock 03/20/2026 S (2) 18,666 D $ 71.4686 (4) 19,811 I By Living Trust Class A Common Stock 03/20/2026 S (2) 19,711 D $ 72.2869 (5) 100 I By Living Trust Class A Common Stock 03/20/2026 S (2) 100 D $ 73.09 (6) 0 I By Living Trust Class A Common Stock 1,798 D Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Class B Common Stock (1) 03/20/2026 C 67,422 (1) (1) Class A Common Stock 67,422 $ 0 47,131,060 I By Living Trust Explanation of Responses: 1. As part of the transactions effected on March 20, 2026 pursuant to the Rule 10b5-1 trading plan adopted by the Baiju Bhatt Living Trust ("Living Trust") on November 13, 2025 ("Bhatt 10b5-1 plan"), the Living Trust sold an aggregate of 67,422 shares of its Class B Common Stock, resulting in an automatic conversion of the same amount of shares into Class A Common Stock upon execution of the sales. 2. This transaction was effected pursuant to the Bhatt 10b5-1 plan. 3. This transaction was executed in multiple trades during the day at prices ranging from $69.92 to $70.90. The weighted-average price is reported above. The Reporting Person hereby undertakes to provide to the SEC staff, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares and prices at which the trades were made. 4. This transaction was executed in multiple trades during the day at prices ranging from $70.94 to $71.93. The weighted-average price is reported above. The Reporting Person hereby undertakes to provide to the SEC staff, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares and prices at which the trades were made. 5. This transaction was executed in multiple trades during the day at prices ranging from $71.94 to $72.86. The weighted-average price is reported above. The Reporting Person hereby undertakes to provide to the SEC staff, the Issuer, or any security holder of the

View Full Filing

View this 4 filing on SEC EDGAR