=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-02-23
10b5-1 Pre-arranged Plan: Yes
--- Issuer ---
Name: Robinhood Markets, Inc. (HOOD)
CIK: 0001783879
--- Reporting Owner ---
Name: Bhatt Baiju
CIK: 0001870914
Role: Director
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Class A Common Stock
Date: 2026-02-23 | Code: C (Conversion of derivative)
Shares: +65,694
Shares Owned After: 65,694 | Ownership: I (Indirect) | Nature: By Living Trust
Footnotes:
[F1] As part of the transactions effected on February 23, 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 65,694 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.
[Transaction #2]
Security: Class A Common Stock
Date: 2026-02-23 | Code: S (Open market sale)
Shares: -42,620 | Price: $71.93
Total Value: $3,065,852.65
Shares Owned After: 23,074 | Ownership: I (Indirect) | Nature: By Living Trust
Footnotes:
[F2] This transaction was effected pursuant to the Bhatt 10b5-1 plan.
[F3] This transaction was executed in multiple trades during the day at prices ranging from $71.48 to $72.47. 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.
[Transaction #3]
Security: Class A Common Stock
Date: 2026-02-23 | Code: S (Open market sale)
Shares: -20,574 | Price: $72.81
Total Value: $1,497,916.82
Shares Owned After: 2,500 | Ownership: I (Indirect) | Nature: By Living Trust
Footnotes:
[F2] This transaction was effected pursuant to the Bhatt 10b5-1 plan.
[F4] This transaction was executed in multiple trades during the day at prices ranging from $72.48 to $73.44. 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.
[Transaction #4]
Security: Class A Common Stock
Date: 2026-02-23 | Code: S (Open market sale)
Shares: -2,400 | Price: $74.47
Total Value: $178,728.00
Shares Owned After: 100 | Ownership: I (Indirect) | Nature: By Living Trust
Footnotes:
[F2] This transaction was effected pursuant to the Bhatt 10b5-1 plan.
[F5] This transaction was executed in multiple trades during the day at prices ranging from $73.82 to $74.78. 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.
[Transaction #5]
Security: Class A Common Stock
Date: 2026-02-23 | Code: S (Open market sale)
Shares: -100 | Price: $74.82
Total Value: $7,482.00
Shares Owned After: 0 | Ownership: I (Indirect) | Nature: By Living Trust
Footnotes:
[F2] This transaction was effected pursuant to the Bhatt 10b5-1 plan.
[F6] This transaction was executed in multiple trades during the day at prices ranging from $74.82 to $74.82. 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.
--- Derivative Transactions ---
[Transaction #1]
Security: Class B Common Stock
Date: 2026-02-23 | Code: C (Conversion of derivative)
Shares: -65,694 | Price: $0.00
Shares Owned After: 47,198,482 | Ownership: I (Indirect) | Nature: By Living Trust
Footnotes:
[F1] As part of the transactions effected on February 23, 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 65,694 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.
[F1] As part of the transactions effected on February 23, 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 65,694 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.
[F1] As part of the transactions effected on February 23, 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 65,694 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.
--- Holdings ---
[Holding #1]
Security: Class A Common Stock
Ownership: D (Direct)
--- Footnotes (Complete Index) ---
F1: As part of the transactions effected on February 23, 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 65,694 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.
F2: This transaction was effected pursuant to the Bhatt 10b5-1 plan.
F3: This transaction was executed in multiple trades during the day at prices ranging from $71.48 to $72.47. 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.
F4: This transaction was executed in multiple trades during the day at prices ranging from $72.48 to $73.44. 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.
F5: This transaction was executed in multiple trades during the day at prices ranging from $73.82 to $74.78. 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.
F6: This transaction was executed in multiple trades during the day at prices ranging from $74.82 to $74.82. 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.
--- Signature ---
/s/ /s/ Matthew Yorkavich, attorney-in- fact for Baiju Bhatt (2026-02-25)
