Robinhood CEO Vladimir Tenev Sells $42.6M in Class A Shares Under Rule 10b5-1 Plan

Executive Summary

On October 5, 2026, Robinhood Markets, Inc. (NASDAQ: HOOD) Chief Executive Officer and Director Vladimir Tenev executed transactions disposing of 375,000 shares of Class A Common Stock for aggregate gross proceeds of approximately $42.64 million. The disposition was completed under a pre-established Rule 10b5-1 trading plan established on September 5, 2025.

Transaction Details

1. Conversion Event:
   • Tenev converted 375,000 shares of Class B Common Stock into 375,000 shares of Class A Common Stock at a 1:1 ratio immediately prior to execution.
2. Open Market Sales:
   • 158,911 shares sold at a weighted-average price of $113.2356 (range: $112.62–$113.61)
   • 193,897 shares sold at a weighted-average price of $113.9682 (range: $113.62–$114.61)
   • 22,192 shares sold at a weighted-average price of $114.9537 (range: $114.63–$115.48)
   • Total Sold: 375,000 shares at a blended average price of ~$113.72, yielding $42,643,527.02.

Ownership Structure & Market Impact

• Post-Transaction Direct Class A Holdings: 0 shares.
• Indirect Class A Holdings: 6,907 shares held by a Living Trust.
• Class B Multi-Voting Equity: 47,419,572 shares retained directly. Class B common stock holds superior voting rights (typically 10 votes per share), meaning Tenev retains overwhelming voting influence and long-term economic alignment despite the sizeable dollar extraction.
• Trading Significance: Rated High based strictly on the headline transaction size exceeding $40 million, although programmatic execution under a 10b5-1 schedule mitigates signal of opportunistic selling.