Robinhood (HOOD) CEO Vladimir Tenev Sells ~240,834 Shares

What Happened

• Vladimir Tenev, CEO of Robinhood Markets (HOOD), sold a total of 240,834 shares on September 22, 2026 under a pre-established Rule 10b5-1 trading plan. The sales consisted of 239,532 shares at a weighted-average price of $125.33 (proceeds $30,020,114) and 1,302 shares at a weighted-average price of $126.14 (proceeds $164,235), for combined proceeds of approximately $30,184,349. The filing also reports conversion entries reflecting the automatic conversion of the sold Class B shares into Class A shares upon execution.

Key Details

• Transaction date: September 22, 2026; Form 4 filed September 24, 2026 (timely).
• Sales reported: 239,532 shares @ $125.33 (weighted avg) and 1,302 shares @ $126.14 (weighted avg). Total proceeds ≈ $30,184,349.
• Conversion reporting: 240,834 shares shown as converted (Class B → Class A) in connection with the sales; conversion entries are bookkeeping related to the executed sale.
• Notable footnotes: Trades executed under a 10b5-1 plan adopted Sept 5, 2025 (F1, F2). Trades occurred in multiple intraday executions with price ranges of $125.05–$126.01 and $126.14–$126.15; weighted averages are reported and detailed trade-level info is available upon request to the SEC/issuer (F3, F4).
• Shares owned after transaction: Not stated in the provided filing.

Context

• These were open-market sales executed under a pre-set 10b5-1 plan, a common mechanism insiders use to sell shares on a scheduled basis; such sales are typically routine and do not, by themselves, indicate management’s view of the company’s prospects. The conversion entries reflect mechanics of selling Class B stock that automatically converts to Class A upon sale.