Robinhood co-founder may sell $29.7M in shares

Vladimir Tenev files a Rule 144 notice to potentially sell 240,834 Robinhood common shares, citing prior 10b5-1 sales in recent months.

Rhea-AI Filing Summary

Robinhood Markets, Inc. (HOOD) is the issuer for a planned resale of its common stock under Rule 144 by co-founder Vladimir Tenev. The notice covers up to 240,834 shares of common stock, identified as founders shares acquired from Robinhood on December 4, 2013, to be sold through Morgan Stanley Smith Barney LLC. Robinhood reports that 790,630,234 shares of its common stock were outstanding as of September 22, 2026. The filing also lists recent Rule 10b5-1 sales in the past three months by Tenev and related entities, including prior sales on July 6, July 15, and September 21, 2026.

Key Figures

Shares to be sold under Rule 144: 240,834 shares Aggregate market value of shares to be sold: $29,694,832.20 Shares outstanding: 790,630,234 shares +4 more

7 metrics

Shares to be sold under Rule 144 240,834 shares Common stock for the account of Vladimir Tenev

Aggregate market value of shares to be sold $29,694,832.20 Value associated with the 240,834 shares covered by the notice

Shares outstanding 790,630,234 shares Robinhood common stock outstanding as of September 22, 2026

Recent 10b5-1 sale by Vladimir Tenev 259,166 shares; $32,545,573.86 Common stock sale on September 21, 2026

10b5-1 sale by Surfboard Management LLC 40,500 shares; $4,643,624.70 Common stock sale on July 15, 2026

10b5-1 sale by Tenev 2017 IRR Trust 327,500 shares; $37,549,217.75 Common stock sale on July 15, 2026

Earlier 10b5-1 sale by Vladimir Tenev 375,000 shares; $43,562,325.00 Common stock sale on July 6, 2026

Key Terms

Rule 144, 10b5-1, Founders Shares, Form 144

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.

10b5-1 regulatory

"10b5-1 Sales for VLADIMIR TENEV 85 Willow Road Menlo Park CA 94025"

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.

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.

Form 144 regulatory

"144: Filer Information"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

FAQ

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

What does the Form 144 filing mean for Robinhood (HOOD)?

The Form 144 filing gives notice that Vladimir Tenev may sell up to 240,834 shares of Robinhood common stock under Rule 144. It is a disclosure of potential resale by an affiliate and does not involve Robinhood issuing new shares.

How many Robinhood (HOOD) shares does Vladimir Tenev plan to sell?

The notice states that up to 240,834 shares of Robinhood common stock may be sold for the account of Vladimir Tenev. These are described as founders shares acquired from the issuer on December 4, 2013.

How many Robinhood (HOOD) shares are outstanding according to this filing?

The filing reports that 790,630,234 shares of Robinhood common stock were outstanding as of September 22, 2026. This figure provides context for the size of the proposed Rule 144 sale.

What recent 10b5-1 sales involving Robinhood (HOOD) does the filing list?

The filing lists Rule 10b5-1 plan sales in Robinhood common stock, including 259,166 shares sold for $32,545,573.86 on September 21, 2026 for Vladimir Tenev, plus additional July 2026 sales by Vladimir Tenev and related entities.

Which broker is named for the planned Robinhood (HOOD) share sale?

The proposed sale of 240,834 Robinhood common shares for Vladimir Tenev is listed through Morgan Stanley Smith Barney LLC Executive Financial Services, located at 1 New York Plaza, New York, New York.

What is the reported market value of the Robinhood (HOOD) shares to be sold?

The Form 144 lists an aggregate market value of $29,694,832.20 for the 240,834 shares of Robinhood common stock covered by the notice, based on the price information included in the filing.

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

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Available on EDGAR 09/22/2026 - 04:14 PM Accepted by SEC EDGAR 09/22/2026 - 04:13 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	240834	29694832.20	790630234	09/22/2026	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			240834	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 VLADIMIR TENEV 85 Willow Road Menlo Park CA 94025	Common	09/21/2026	259166	32545573.86
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	09/22/2026
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)