Tenev Vladimir 4
4 · Robinhood Markets, Inc. · Filed Apr 8, 2026
Research Summary
AI-generated summary of this filing
Robinhood (HOOD) CEO Vladimir Tenev Sells Shares
What Happened
Vladimir Tenev, CEO of Robinhood Markets (HOOD), sold a total of 375,000 Class A shares on April 6, 2026 under a pre-established Rule 10b5-1 plan. The sales were reported as two open-market dispositions: 182,667 shares at a weighted-average price of $69.53 for $12,701,622, and 192,333 shares at a weighted-average price of $70.12 for $13,486,082 — a combined proceeds of approximately $26,187,704. The filing also reports a conversion of 375,000 derivative shares (Class B to Class A) that automatically occurred in connection with the sales.
Key Details
- Transaction date: April 6, 2026; Form 4 filed April 8, 2026 (filed timely).
- Sales: 182,667 shares @ $69.53 (total $12,701,622) and 192,333 shares @ $70.12 (total $13,486,082). Combined proceeds ≈ $26.19M.
- Conversion: 375,000 Class B shares converted to Class A (reported as derivative conversion tied to the sales).
- Trade price ranges (per footnotes): first block executed in multiple trades at $68.80–$69.79; second block at $69.80–$70.77. Weighted-average prices are reported above; Tenev offers to provide full trade details upon request.
- Plan: Transactions effected pursuant to a Rule 10b5-1 trading plan adopted Sept 5, 2025.
- Shares owned after transaction: not specified in the provided excerpt of the filing.
Context
This was a sale executed under a prearranged 10b5-1 plan (common for insiders to sell shares on a schedule); the filing shows an automatic conversion of Class B shares to Class A in connection with the sale. Sales are routine insider activity and do not, by themselves, indicate management view of the company’s prospects.
Insider Transaction Report
- Conversion
Class A Common Stock
[F1]2026-04-06+375,000→ 375,000 total - Sale
Class A Common Stock
[F2][F3]2026-04-06$69.53/sh−182,667$12,701,622→ 192,333 total - Sale
Class A Common Stock
[F2][F4]2026-04-06$70.12/sh−192,333$13,486,082→ 0 total - Conversion
Class B Common Stock
[F1]2026-04-06−375,000→ 48,669,572 total→ Class A Common Stock (375,000 underlying)
- 6,907(indirect: By Trust)
Class A Common Stock
Footnotes (4)
- [F1]As part of the transaction effected on April 6, 2026 pursuant to the Rule 10b5-1 trading plan adopted by the Reporting Person on September 5, 2025 ("Tenev 10b5-1 plan"), the Reporting Person sold 375,000 shares of his Class B Common Stock, resulting in an automatic conversion of the shares into Class A Common Stock upon execution of the sale.
- [F2]This transaction was effected pursuant to the Tenev 10b5-1 plan.
- [F3]This transaction was executed in multiple trades during the day at prices ranging from $68.80 to $69.79. The weighted-average price is reported above. The Reporting Person hereby undertakes to provide to the SEC staff, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares and prices at which the trades were made.
- [F4]This transaction was executed in multiple trades during the day at prices ranging from $69.80 to $70.77. The weighted-average price is reported above. The Reporting Person hereby undertakes to provide to the SEC staff, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares and prices at which the trades were made.