Robinhood CEO Vladimir Tenev sells 240,834 shares under 10b5-1 plan

Robinhood Markets, Inc. (NASDAQ: HOOD) Chief Executive Officer Vladimir Tenev reported selling 240,834 Class A shares on Sept. 22, 2026, after converting the same number of Class B shares, according to a Form 4 accepted after the close on Sept. 24. Shares traded near $119 Friday afternoon, down about 1.3% on the session and up about 3.5% year to date.

The Form 4 shows a code C acquisition of 240,834 Class A common shares and matching sales the same day: 239,532 shares at a weighted-average price of $125.3282 and 1,302 shares at a weighted-average $126.1408. Footnotes said the Class B sale and automatic conversion into Class A, and both open-market sales, were effected under the Rule 10b5-1 trading plan Tenev adopted on Sept. 5, 2025 (“Tenev 10b5-1 plan”). The larger tranche traded between $125.05 and $126.01; the smaller between $126.14 and $126.15.

After the sales, Tenev reported zero Class A shares held directly. He still reported 6,907 Class A shares held indirectly by a living trust, and 47,794,572 Class B shares remaining directly after disposing of 240,834 Class B shares in the conversion. Using the filing’s weighted-average prices, the Class A sales totaled about $30.2 million in disclosed proceeds.

Tenev is listed as a director and officer with the title chief executive officer. The form was signed by attorney-in-fact Maureen Montgomery on Sept. 24, 2026.

By the numbers

• Trade date: Sept. 22, 2026
• Class B converted / Class A sold: 240,834 shares
• Sale prices (weighted avg.): $125.3282 and $126.1408
• Direct Class A after sales: 0
• Indirect Class A (living trust): 6,907
• Class B remaining (direct): 47,794,572
• Plan: Rule 10b5-1 adopted Sept. 5, 2025

Sources

1. Robinhood Markets, Inc. Form 4 for Vladimir Tenev, accession 0001871006-26-000010
2. Form 4 index

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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