Tenev Vladimir 4

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.