Robinhood CEO Vladimir Tenev Sells 259,166 Shares

What Happened
Vladimir Tenev, CEO of Robinhood Markets (HOOD), sold 259,166 shares of common stock on September 21, 2026 under a pre‑arranged 10b5‑1 trading plan. The sales were executed in multiple open‑market transactions: 248,136 shares at a weighted‑average price of $125.55 (proceeds $31,154,170) and 11,030 shares at a weighted‑average price of $126.15 (proceeds $1,391,422), for total gross proceeds of approximately $32,545,592. The sale triggered an automatic conversion of the sold Class B shares into Class A shares upon execution.

Key Details

• Transaction date: September 21, 2026; Form 4 filed September 23, 2026 (appears timely; Form 4 generally due within 2 business days).
• Sale details: 259,166 shares sold in open market trades for combined proceeds ≈ $32.55M. Reported blocks: 248,136 @ $125.55 and 11,030 @ $126.15 (weighted averages).
• Price ranges: trades were executed across ranges of $125.05–$126.04 and $126.10–$126.31 (per filing footnotes).
• Plan/footnotes: Transactions were executed pursuant to a 10b5‑1 trading plan adopted Sept 5, 2025; the filing notes automatic conversion of Class B to Class A shares upon sale.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Derivative note: A conversion entry reflects the conversion of Class B shares to Class A as part of the sale (no additional cash proceeds).

Context
This was a pre‑scheduled sale under a 10b5‑1 plan, which is commonly used by insiders to systematically sell shares and helps demonstrate the trades were planned in advance rather than timed to new information. The filing is a sale (not a purchase), so it’s a liquidity event by the insider rather than an insider buy signal.