Robinhood co-founder plans $31M stock sale

Robinhood Markets, Inc. (HOOD) disclosed that co-founder and executive Vladimir Tenev has filed a Rule 144 notice indicating an intent to sell up to 259,166 shares of common stock, to be sold through Morgan Stanley Smith Barney LLC.

Rhea-AI Filing Summary

Robinhood Markets, Inc. (HOOD) disclosed that co-founder and executive Vladimir Tenev has filed a Rule 144 notice indicating an intent to sell up to 259,166 shares of common stock, to be sold through Morgan Stanley Smith Barney LLC. These shares were acquired as Founders Shares on December 4, 2013. The filing also lists prior sales of Robinhood common stock in the last three months under 10b5-1 plans by Surfboard Management LLC, the Tenev 2017 IRR Trust, and Vladimir Tenev.

Key Figures

Shares to be sold under Rule 144: 259,166 shares Aggregate market value of shares to be sold: $31,053,270.12 Shares outstanding: 790,630,234 shares +5 more

8 metrics

Shares to be sold under Rule 144 259,166 shares Planned sale of Robinhood common stock by Vladimir Tenev

Aggregate market value of shares to be sold $31,053,270.12 Value associated with the 259,166 shares in the Rule 144 notice

Shares outstanding 790,630,234 shares Robinhood common stock outstanding referenced in the Form 144

Prior 10b5-1 sale by Surfboard Management LLC 40,500 shares for $4,643,624.70 Sale of Robinhood common stock on July 15, 2026

Prior 10b5-1 sale by Tenev 2017 IRR Trust 327,500 shares for $37,549,217.75 Sale of Robinhood common stock on July 15, 2026

Prior 10b5-1 sale by Vladimir Tenev 375,000 shares for $43,562,325.00 Sale of Robinhood common stock on July 6, 2026

Acquisition date of founders’ shares December 4, 2013 Acquisition date of the 259,166 founders’ shares to be sold

Planned sale date reference September 21, 2026 Date listed in the securities information section for the sale

Key Terms

Rule 144, Founders Shares, 10b5-1, aggregate market value

4 terms

Rule 144 regulatory

"See the definition of "person" in paragraph (a) of Rule 144."

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

Founders Shares financial

"Common | 12/04/2013 | Founders Shares | Issuer"

Founders shares are a special block of a company’s stock originally given to the people who started the business; they often carry extra voting power or favorable terms compared with regular shares. For investors, these shares matter because they concentrate control and influence how future funding, ownership dilution, and decision-making will play out—think of founders shares as the steering wheel that can steer a company’s direction even as more passengers (investors) climb aboard.

10b5-1 regulatory

"10b5-1 Sales for SURFBOARD MANAGEMENT LLC"

A 10b5-1 plan is a pre-set schedule that lets company insiders buy or sell shares according to written instructions made when they do not possess material, nonpublic information. Think of it as a timed automatic payment for stock trades: it helps insiders avoid accusations of trading on secret information and gives outside investors a clearer signal about whether sales are routine or potentially informative about the company’s prospects.

aggregate market value financial

"Common | Morgan Stanley Smith Barney LLC ... | 259166 | 31053270.12"

Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Form 144 filing for HOOD disclose about Vladimir Tenev’s planned sale?

The Form 144 states that Vladimir Tenev intends to sell up to 259,166 shares of Robinhood common stock under Rule 144, through Morgan Stanley Smith Barney LLC, with the shares originally acquired as Founders Shares on December 4, 2013.

How many Robinhood (HOOD) shares are covered by this new Rule 144 notice?

The notice covers up to 259,166 shares of Robinhood common stock, with an indicated aggregate market value of $31,053,270.12 and based on 790,630,234 shares outstanding at the time referenced in the filing.

What prior 10b5-1 sales related to HOOD does the Form 144 list for the past three months?

The filing lists 10b5-1 sales of Robinhood common stock: 40,500 shares for $4,643,624.70 by Surfboard Management LLC on July 15, 2026; 327,500 shares for $37,549,217.75 by the Tenev 2017 IRR Trust on July 15, 2026; and 375,000 shares for $43,562,325.00 by Vladimir Tenev on July 6, 2026.

When were the HOOD shares in this Form 144 originally acquired and in what form?

The 259,166 shares covered by the notice were acquired on December 4, 2013 as Founders Shares from the issuer, Robinhood Markets, Inc.

Which broker is named for Vladimir Tenev’s planned HOOD share sale in the Form 144?

The filing lists Morgan Stanley Smith Barney LLC Executive Financial Services as the broker for the planned sale of 259,166 shares of Robinhood common stock, with trading on NASDAQ referenced in the securities information.

What share count does the Form 144 give for Robinhood (HOOD) as a reference point?

The Form 144 lists 790,630,234 shares of Robinhood common stock outstanding as a reference figure in the securities information section, separate from the 259,166 shares that are the subject of the planned Rule 144 sale.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/21/2026 - 04:28 PM Accepted by SEC EDGAR 09/21/2026 - 04:27 PM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001871006
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	Robinhood Markets, Inc.
SEC File Number	001-40691
Address of Issuer	85 Willow Road Menlo Park CALIFORNIA 94025
Phone	8444285411
Name of Person for Whose Account the Securities are To Be Sold	VLADIMIR TENEV
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Director
Relationship to Issuer	Officer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	259166	31053270.12	790630234	09/21/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	12/04/2013	Founders Shares	Issuer			259166	12/04/2013	N/A

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
10b5-1 Sales for SURFBOARD MANAGEMENT LLC 85 Willow Road Menlo Park CA 94025	Common	07/15/2026	40500	4643624.70
10b5-1 Sales for TENEV 2017 IRR TRUST AGREEMENT U/ADTD 02/28/2017 85 Willow Road Menlo Park CA 94025	Common	07/15/2026	327500	37549217.75
10b5-1 Sales for VLADIMIR TENEV 85 Willow Road Menlo Park CA 94025	Common	07/06/2026	375000	43562325.00

144: Remarks and Signature

Remarks
Date of Notice	09/21/2026
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	09/05/2025
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Vladimir Tenev
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)