Robinhood CEO Vladimir Tenev sells 375,000 shares for about $42.6 million

Robinhood Markets Chief Executive Vladimir Tenev sold 375,000 shares of the trading app's stock on Oct. 5, raising roughly $42.6 million, according to a Form 4 filed after the close Wednesday.

The sale ran through the Rule 10b5-1 trading plan Tenev adopted on Sept. 5, 2025, the filing said. He sold 375,000 Class B shares, which converted automatically into Class A stock when the sale executed.

The shares went in three batches: 158,911 at a weighted-average price of $113.2356, 193,897 at $113.9682 and 22,192 at $114.9537. Individual trades ranged from $112.62 to $115.48.

A bigger round than September

It is the second plan sale by Tenev in about two weeks. A Form 4 filed Sept. 24 showed he sold 240,834 shares on Sept. 22 at weighted-average prices of about $125 to $126, for roughly $30.2 million.

This latest round was larger in share count and dollar terms, but at lower prices, about $113 to $115 a share.

Tenev still has a large stake. After the October sale he reported 47,419,572 Class B shares held directly, down from 47,794,572 after the September sale, along with 6,907 Class A shares held through a living trust. He reported no Class A shares held directly.

By the numbers

• Trade date: Oct. 5, 2026
• Shares sold: 375,000 (converted from Class B)
• Weighted-average prices: $113.2356, $113.9682, $114.9537
• Approximate proceeds: $42.6 million
• Class B shares still held directly: 47,419,572
• Trading plan adopted: Sept. 5, 2025

Sources

1. Robinhood Markets, Inc. Form 4 for Vladimir Tenev, filed Oct. 7, 2026, accession 0001871006-26-000012
2. Robinhood Markets, Inc. Form 4 for Vladimir Tenev, filed Sept. 24, 2026, accession 0001871006-26-000010

This article is for informational and educational purposes only and is not investment advice. It is not a recommendation to buy or sell any security.

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