'Robinhood' CLO·CTO, Board Approves $1.5 Billion Share Buyback Amid Ongoing Share Sales

Daniel Martin Gallagher Jr., Chief Legal Officer of HOOD, sold 10,000 shares of Class A common stock on the open market in multiple transactions on March 3, 2026, under a pre-arranged 10b5-1 trading plan, raising approximately $748,000 (about KRW 10 billion) in cash. On March 5, Chief Technology Officer Jeffrey Tsvi Pinner also executed a 10b5-1 plan, selling roughly 5,800 shares at around $79 per share in several tranches, reducing his total stake to about 29,000 shares. Separately, the company’s board approved a new $1.5 billion (approximately KRW 2 trillion) share repurchase program to be executed over the next three years, expanding its total buyback capacity—including the remaining balance of the existing authorization—to roughly $2.6 billion (around KRW 3.4 trillion).

Robinhood recently reaffirmed its $1.5 billion repurchase authorization and disclosed that, under its prior program—which comprised $1 billion in May 2024 and $500 million in April 2025—it has already repurchased over $1.1 billion of its stock at an average price of $45 (about KRW 1.5 trillion). The company also noted that, as it diversifies its business into prediction markets, tokenized assets and private markets in 2026, it will continue to pursue its long-term growth strategy alongside disciplined capital allocation.

Headquartered in Menlo Park, California, Robinhood is a fintech brokerage that grew rapidly through its mobile app–based trading services for stocks, ETFs, options and cryptocurrencies, and went public on the Nasdaq in 2021. Gallagher, a former U.S. Securities and Exchange Commission commissioner, now oversees the company’s legal, compliance and corporate communications functions, while CTO Pinner leads platform expansion and AI-driven technology enhancements. These insider stock transactions, together with the sizable share repurchase decision, are being viewed as important signals for Robinhood’s future governance and compensation structures.