Robinhood Officer Entity Files Form 144 to Sell $4.09M in Common Stock
Robinhood Markets, Inc.
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Filing Summary
Proposed sale of 40,500 shares ($4,093,740.00) of Common Stock by Surfboard Management LLC (Officer affiliate, Vladimir Tenev) under Rule 144. Sale executed via Morgan Stanley pursuant to a Rule 10b5-1 plan adopted on September 5, 2025.
Comprehensive Analysis
Executive Summary
On October 15, 2026, Surfboard Management LLC, an affiliated entity of Robinhood Markets, Inc. officer Vladimir Tenev, filed a Form 144 notice proposing the sale of 40,500 shares of Robinhood Markets, Inc. (HOOD) Common Stock. The aggregate market value of the proposed transaction is approximately $4,093,740.00, representing an estimated price of $101.08 per share.
Transaction & Filing Details
- Filer: Surfboard Management LLC (CIK:
0002035019) - Relationship: Officer affiliate (associated with co-founder/CEO Vladimir Tenev)
- Broker: Morgan Stanley Smith Barney LLC Executive Financial Services
- Shares Proposed for Sale: 40,500
- Aggregate Market Value: $4,093,740.00
- Approximate Date of Sale: October 15, 2026
- Trading Plan Adoption Date: September 5, 2025 (Rule 10b5-1)
- Shares Outstanding: 790,630,234 shares
- Origin of Securities: Founder shares acquired directly from the issuer on April 30, 2019
Prior 3-Month Trading Activity
During the prior three months, related 10b5-1 sales on behalf of Vladimir Tenev totaled 875,000 shares generating gross proceeds of over $105.37M:
- 10/05/2026: 375,000 shares for $42,643,537.50
- 09/22/2026: 240,834 shares for $30,184,351.39
- 09/21/2026: 259,166 shares for $32,545,573.86
Market Impact & Significance
The planned sale represents a negligible fraction (<0.01%) of the 790.6M shares outstanding. Given that this filing operates under a pre-established Rule 10b5-1 trading arrangement established over a year earlier on September 5, 2025, the trading significance is rated as Medium, reflecting structured founder diversification rather than discretionary market timing.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
Nothing here is a recommendation to buy, sell, or hold any security. Do your own due diligence.