Robinhood Markets: CEO Vladimir Tenev sold 375,000 shares

What happened

• The filing says Vladimir Tenev, CEO, sold 375,000 shares of Class A common stock on Oct 5, 2026 in three open-market transactions, totaling $42,643,527. The filing also shows a conversion of 375,000 derivative shares into Class A common stock in connection with the sale.

Key details

• Transaction dates and prices: Oct 5, 2026 — 158,911 shares sold at a weighted-average price of $113.24 for $17,994,382; 193,897 shares sold at a weighted-average price of $113.97 for $22,098,092; 22,192 shares sold at a weighted-average price of $114.95 for $2,551,053. Footnotes report intra-day price ranges of $112.62–$113.61, $113.62–$114.61, and $114.63–$115.48 across the multiple trades.
• Conversion and plan: The filing states the sales were effected under a Rule 10b5-1 trading plan adopted Sep 5, 2025 and that 375,000 Class B shares automatically converted to Class A upon execution of the sale.
• Additional filing details: The Form 4 was filed Oct 7, 2026. The reporting person offers to provide detailed trade-by-trade information to the SEC, the issuer, or any security holder upon request.
• Shares owned after the transaction: not reported in the filing.

Why it may matter

• The filing shows a conversion of derivative Class B shares into Class A shares and immediate sale pursuant to a Rule 10b5-1 plan; sales were executed in multiple trades during the day.
• A filing does not show why the insider traded or why the company acted.