Robinhood co-founder sold 49,223 shares worth approximately $4.68 million

TechFlow news, July 30, according to SEC Form 4 filings, Robinhood Markets (HOOD) Co-founder and Director Baiju Bhatt on July 24, 2026, pursuant to a 10b5-1 plan established by his Living Trust on November 13, 2025, automatically converted 49,223 shares of Class B common stock into Class A common stock and subsequently sold all of them, with transaction prices ranging from $93.17 to $99.92, cashing out approximately $4.6 million. After the transaction, Bhatt's indirect holdings of Class A common stock through the Living Trust decreased to 3,703 shares, while he still holds approximately 46.9 million shares of Class B common stock.