Robinhood Insider Sells $868K in Shares as Executives Cash Out Despite High Ownership

Recent sale by Daniel Gallagher was the biggest sale of Robinhood shares by an insider in the last year, around current price of $10.67.
Over last 3 months, significant insider selling at Robinhood with Chief Legal Daniel Gallagher dumping $868k worth of shares. No insider purchases recorded.
Insiders own 15% of Robinhood, worth about $1.4b based on recent share price, which suggests management incentives aligned with shareholders.
An insider sold Robinhood shares recently but didn't buy any. No purchases over last year despite selling.
High insider ownership is good to see but recent insider selling leaves us cautious on Robinhood.

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