Robinhood CEO converts 259,166 Class B, sells stock

The two reported weighted-average sale prices were $125.5528 and $126.1489 per share under a plan adopted September 5, 2025.

Rhea-AI Filing Summary

Robinhood Markets, Inc. CEO Vladimir Tenev converted 259,166 Class B shares into Class A shares on September 21, 2026; the conversion occurred automatically when the shares were sold. He reported sales of 248,136 Class A shares at a weighted-average $125.5528 per share and 11,030 shares at $126.1489 per share. The transactions were made under a Rule 10b5-1 plan adopted September 5, 2025. His reported Class B holdings following the transaction were 48,035,406 shares.

Insider Trade Summary 10b5-1

Exercise and sale activity reported; no spread calculated

Exercise and Sale 5 txns

Insider Tenev Vladimir

Role Chief Executive Officer

Sold 259,166 shs ($32.55M)

Approx. gross sale proceeds $32.55M

Type	Security	Shares	Price	Value
Conversion	Class B Common Stock F1	259,166	$0.00	$0.00
Conversion	Class A Common Stock F1	259,166	--	--
Sale	Class A Common Stock F2, F3	248,136	$125.5528	$31.15M
Sale	Class A Common Stock F2, F4	11,030	$126.1489	$1.39M
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Class B Common Stock — 48,035,406 contracts (Direct); Class A Common Stock — 0 shares (Direct); Class A Common Stock — 6,907 shares (Indirect, By Living Trust)

Footnotes (4)

1. F1. As part of the transaction effected on September 21, 2026 pursuant to the Rule 10b5-1 trading plan adopted by the Reporting Person on September 5, 2025 ("Tenev 10b5-1 plan"), the Reporting Person sold 259,166 shares of his Class B Common Stock, resulting in an automatic conversion of the shares into Class A Common Stock upon execution of the sale.
2. F2. This transaction was effected pursuant to the Tenev 10b5-1 plan.
3. F3. This transaction was executed in multiple trades during the day at prices ranging from $125.05 to $126.04 The weighted-average price is reported above. The Reporting Person hereby undertakes to provide to the SEC staff, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares and prices at which the trades were made.
4. F4. This transaction was executed in multiple trades during the day at prices ranging from $126.10 to $126.31. The weighted-average price is reported above. The Reporting Person hereby undertakes to provide to the SEC staff, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares and prices at which the trades were made.

Key Figures

Class B shares automatically converted: 259,166 shares Class A shares sold: 248,136 shares Weighted-average sale price: $125.5528 per share +4 more

7 metrics

Class B shares automatically converted 259,166 shares September 21, 2026

Class A shares sold 248,136 shares September 21, 2026

Weighted-average sale price $125.5528 per share For the 248,136-share sale on September 21, 2026

Class A shares sold 11,030 shares September 21, 2026

Weighted-average sale price $126.1489 per share For the 11,030-share sale on September 21, 2026

Class B shares following transaction 48,035,406 shares Reported following the September 21, 2026 transaction

Indirect Class A shares held through Living Trust 6,907 shares Reported September 21, 2026

Key Terms

Rule 10b5-1 trading plan, weighted-average price, automatic conversion

3 terms

Rule 10b5-1 trading plan regulatory

"pursuant to the Rule 10b5-1 trading plan adopted"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

weighted-average price financial

"The weighted-average price is reported above."

Weighted-average price is the average of multiple prices where each price is counted according to its size or importance—larger trades carry more weight than smaller ones, like averaging course grades by credit hours. It matters to investors because it gives a more realistic picture of the true price paid or received, helping assess trade execution, compare performance, calculate cost basis, and value positions more accurately than a simple average.

automatic conversion technical

"resulting in an automatic conversion of the shares"

FAQ

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

What shares did HOOD CEO Vladimir Tenev sell on September 21, 2026?

Vladimir Tenev reported sales of 248,136 Class A shares at a weighted-average $125.5528 per share and 11,030 shares at $126.1489 per share.

How did the HOOD share conversion relate to Tenev's sales?

259,166 Class B shares automatically converted into Class A shares upon execution of the sale on September 21, 2026.

Were Vladimir Tenev's HOOD transactions made under a Rule 10b5-1 plan?

Yes. The transactions were made under a Rule 10b5-1 plan adopted September 5, 2025.

What HOOD shares were reported after Tenev's transactions?

His reported Class B holdings following the transaction were 48,035,406 shares. The reported indirect position through a Living Trust was 6,907 Class A shares.

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

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Available on EDGAR 09/23/2026 - 08:09 AM Accepted by SEC EDGAR 09/23/2026 - 08:08 AM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Tenev Vladimir

(Last) (First) (Middle)

C/O ROBINHOOD MARKETS, INC.

85 WILLOW ROAD

(Street)

MENLO PARK CALIFORNIA 94025

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Robinhood Markets, Inc. [ HOOD ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/21/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	09/21/2026		C		259,166	A	(1)	259,166	D
Class A Common Stock	09/21/2026		S(2)		248,136	D	$125.5528(3)	11,030	D
Class A Common Stock	09/21/2026		S(2)		11,030	D	$126.1489(4)	0	D
Class A Common Stock								6,907	I	By Living Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Class B Common Stock	(1)	09/21/2026		C			259,166	(1)	(1)	Class A Common Stock	259,166	$0	48,035,406	D

Explanation of Responses:

1. As part of the transaction effected on September 21, 2026 pursuant to the Rule 10b5-1 trading plan adopted by the Reporting Person on September 5, 2025 ("Tenev 10b5-1 plan"), the Reporting Person sold 259,166 shares of his Class B Common Stock, resulting in an automatic conversion of the shares into Class A Common Stock upon execution of the sale.

2. This transaction was effected pursuant to the Tenev 10b5-1 plan.

3. This transaction was executed in multiple trades during the day at prices ranging from $125.05 to $126.04 The weighted-average price is reported above. The Reporting Person hereby undertakes to provide to the SEC staff, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares and prices at which the trades were made.

4. This transaction was executed in multiple trades during the day at prices ranging from $126.10 to $126.31. The weighted-average price is reported above. The Reporting Person hereby undertakes to provide to the SEC staff, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares and prices at which the trades were made.

Remarks:

	/s/ Maureen Montgomery, attorney-in-fact for Vladimir Tenev	09/23/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)