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[Form 4] Robinhood Markets, Inc. Insider Trading Activity

Filing Impact
(High)
Filing Sentiment
(Very Negative)
Form Type
4
Rhea-AI Filing Summary

Robinhood Markets, Inc. (HOOD) – Form 4 filing dated 07/03/2025

Chief Executive Officer and Co-Founder Vladimir Tenev reported a pre-planned Rule 10b5-1 transaction executed on 07/01/2025. The filing shows:

  • Automatic conversion of 750,000 Class B shares into 750,000 Class A shares immediately prior to sale.
  • Sale of the 750,000 Class A shares at a weighted-average price of $93.2731 (intraday range $89.79–$99.11), generating proceeds of roughly $70 million.
  • Remaining direct Class A ownership: 0 shares; indirect Class A holdings through a living trust: 6,907 shares.
  • Ongoing economic interest: 47,367,360 Class B shares (super-voting), preserving effective control despite the sale.

The disposition represents less than 2% of Tenev’s total Class B holdings and was executed under a previously adopted 10b5-1 plan dated 08/19/2024, indicating a structured diversification rather than an opportunistic sale.

Robinhood Markets, Inc. (HOOD) – Comunicazione Form 4 del 03/07/2025

Il CEO e co-fondatore Vladimir Tenev ha segnalato una transazione pre-pianificata ai sensi della Regola 10b5-1 eseguita il 01/07/2025. La comunicazione evidenzia:

  • Conversione automatica di 750.000 azioni di Classe B in 750.000 azioni di Classe A immediatamente prima della vendita.
  • Vendita delle 750.000 azioni di Classe A a un prezzo medio ponderato di 93,2731 $ (intervallo intraday da 89,79 $ a 99,11 $), generando un ricavo di circa 70 milioni di dollari.
  • Possesso diretto residuo di azioni di Classe A: 0 azioni; partecipazioni indirette tramite un trust vivente: 6.907 azioni.
  • Interesse economico continuativo: 47.367.360 azioni di Classe B (con diritto di voto superiore), mantenendo il controllo effettivo nonostante la vendita.

La cessione rappresenta meno del 2% del totale delle azioni di Classe B detenute da Tenev ed è stata eseguita in base a un piano 10b5-1 adottato il 19/08/2024, indicando una diversificazione strutturata piuttosto che una vendita opportunistica.

Robinhood Markets, Inc. (HOOD) – Presentación Formulario 4 con fecha 03/07/2025

El CEO y cofundador Vladimir Tenev reportó una transacción preestablecida bajo la Regla 10b5-1 ejecutada el 01/07/2025. La presentación muestra:

  • Conversión automática de 750,000 acciones Clase B a 750,000 acciones Clase A justo antes de la venta.
  • Venta de las 750,000 acciones Clase A a un precio promedio ponderado de $93.2731 (rango intradía $89.79–$99.11), generando ingresos aproximados de $70 millones.
  • Propiedad directa restante de acciones Clase A: 0 acciones; tenencias indirectas a través de un fideicomiso en vida: 6,907 acciones.
  • Interés económico continuo: 47,367,360 acciones Clase B (con supervoto), preservando el control efectivo a pesar de la venta.

La disposición representa menos del 2% del total de acciones Clase B de Tenev y se ejecutó bajo un plan 10b5-1 previamente adoptado el 19/08/2024, indicando una diversificación estructurada en lugar de una venta oportunista.

Robinhood Markets, Inc. (HOOD) – 2025년 7월 3일자 Form 4 제출

최고경영자이자 공동창립자인 블라디미르 테네브2025년 7월 1일에 실행된 사전 계획된 Rule 10b5-1 거래를 보고했습니다. 제출 내용은 다음과 같습니다:

  • 자동 전환: 판매 직전 750,000주 클래스 B 주식을 750,000주 클래스 A 주식으로 전환.
  • 750,000주 클래스 A 주식을 가중평균 가격 $93.2731 (거래일 중 $89.79~$99.11 범위)로 매도하여 약 7,000만 달러의 수익 창출.
  • 남은 직접 클래스 A 보유: 0주; 생전 신탁을 통한 간접 보유: 6,907주.
  • 지속적인 경제적 이익: 47,367,360주 클래스 B (슈퍼보팅 권한 보유)로 매도 후에도 실질적 지배력 유지.

이번 매각은 테네브의 총 클래스 B 보유량의 2% 미만에 해당하며, 2024년 8월 19일에 채택된 10b5-1 계획에 따라 실행되어 기회주의적 매도가 아닌 구조화된 다각화임을 나타냅니다.

Robinhood Markets, Inc. (HOOD) – Dépôt Formulaire 4 daté du 03/07/2025

Le PDG et co-fondateur Vladimir Tenev a déclaré une transaction planifiée conformément à la règle 10b5-1 réalisée le 01/07/2025. Le dépôt indique :

  • Conversion automatique de 750 000 actions de Classe B en 750 000 actions de Classe A immédiatement avant la vente.
  • Vente des 750 000 actions de Classe A à un prix moyen pondéré de 93,2731 $ (fourchette intrajournalière de 89,79 $ à 99,11 $), générant un produit d’environ 70 millions de dollars.
  • Détention directe restante de Classe A : 0 actions ; détentions indirectes via une fiducie vivante : 6 907 actions.
  • Intérêt économique en cours : 47 367 360 actions de Classe B (à droit de vote supérieur), conservant ainsi le contrôle effectif malgré la vente.

Cette cession représente moins de 2 % du total des actions de Classe B détenues par Tenev et a été réalisée dans le cadre d’un plan 10b5-1 adopté le 19/08/2024, indiquant une diversification structurée plutôt qu’une vente opportuniste.

Robinhood Markets, Inc. (HOOD) – Form 4 Einreichung vom 03.07.2025

Chief Executive Officer und Mitgründer Vladimir Tenev meldete eine vorab geplante Transaktion gemäß Regel 10b5-1, die am 01.07.2025 ausgeführt wurde. Die Einreichung zeigt:

  • Automatische Umwandlung von 750.000 Class B-Aktien in 750.000 Class A-Aktien unmittelbar vor dem Verkauf.
  • Verkauf der 750.000 Class A-Aktien zu einem gewichteten Durchschnittspreis von 93,2731 $ (Intraday-Spanne 89,79 $–99,11 $), wodurch Erlöse von etwa 70 Millionen Dollar erzielt wurden.
  • Verbleibender direkter Besitz von Class A-Aktien: 0 Aktien; indirekter Besitz über einen lebenden Trust: 6.907 Aktien.
  • Laufendes wirtschaftliches Interesse: 47.367.360 Class B-Aktien (mit Superstimmrecht), wodurch trotz des Verkaufs die effektive Kontrolle erhalten bleibt.

Die Veräußerung stellt weniger als 2 % von Tenevs gesamten Class B-Beständen dar und wurde im Rahmen eines zuvor am 19.08.2024 angenommenen 10b5-1-Plans ausgeführt, was auf eine strukturierte Diversifikation statt einen opportunistischen Verkauf hinweist.

Positive
  • CEO maintains significant control through 47.4 million Class B super-voting shares, limiting any governance disruption.
Negative
  • Insider sale of 750,000 shares (~$70 m) may signal reduced near-term confidence and can apply technical selling pressure.

Insights

TL;DR: CEO sells 750k shares (~$70 m) via 10b5-1; control intact—slightly negative sentiment but limited governance impact.

The sale reduces Vladimir Tenev’s liquid Class A position to zero, yet he retains more than 47 million Class B shares, so his voting power remains virtually unchanged. Although insider selling often pressures sentiment, the trade was pre-scheduled under a 10b5-1 plan and equals a small fraction of his stake (<2%). The dollar amount is material but unlikely to affect the firm’s strategic direction or capital structure. I view the event as modestly negative for short-term perception but not fundamentally impactful.

Robinhood Markets, Inc. (HOOD) – Comunicazione Form 4 del 03/07/2025

Il CEO e co-fondatore Vladimir Tenev ha segnalato una transazione pre-pianificata ai sensi della Regola 10b5-1 eseguita il 01/07/2025. La comunicazione evidenzia:

  • Conversione automatica di 750.000 azioni di Classe B in 750.000 azioni di Classe A immediatamente prima della vendita.
  • Vendita delle 750.000 azioni di Classe A a un prezzo medio ponderato di 93,2731 $ (intervallo intraday da 89,79 $ a 99,11 $), generando un ricavo di circa 70 milioni di dollari.
  • Possesso diretto residuo di azioni di Classe A: 0 azioni; partecipazioni indirette tramite un trust vivente: 6.907 azioni.
  • Interesse economico continuativo: 47.367.360 azioni di Classe B (con diritto di voto superiore), mantenendo il controllo effettivo nonostante la vendita.

La cessione rappresenta meno del 2% del totale delle azioni di Classe B detenute da Tenev ed è stata eseguita in base a un piano 10b5-1 adottato il 19/08/2024, indicando una diversificazione strutturata piuttosto che una vendita opportunistica.

Robinhood Markets, Inc. (HOOD) – Presentación Formulario 4 con fecha 03/07/2025

El CEO y cofundador Vladimir Tenev reportó una transacción preestablecida bajo la Regla 10b5-1 ejecutada el 01/07/2025. La presentación muestra:

  • Conversión automática de 750,000 acciones Clase B a 750,000 acciones Clase A justo antes de la venta.
  • Venta de las 750,000 acciones Clase A a un precio promedio ponderado de $93.2731 (rango intradía $89.79–$99.11), generando ingresos aproximados de $70 millones.
  • Propiedad directa restante de acciones Clase A: 0 acciones; tenencias indirectas a través de un fideicomiso en vida: 6,907 acciones.
  • Interés económico continuo: 47,367,360 acciones Clase B (con supervoto), preservando el control efectivo a pesar de la venta.

La disposición representa menos del 2% del total de acciones Clase B de Tenev y se ejecutó bajo un plan 10b5-1 previamente adoptado el 19/08/2024, indicando una diversificación estructurada en lugar de una venta oportunista.

Robinhood Markets, Inc. (HOOD) – 2025년 7월 3일자 Form 4 제출

최고경영자이자 공동창립자인 블라디미르 테네브2025년 7월 1일에 실행된 사전 계획된 Rule 10b5-1 거래를 보고했습니다. 제출 내용은 다음과 같습니다:

  • 자동 전환: 판매 직전 750,000주 클래스 B 주식을 750,000주 클래스 A 주식으로 전환.
  • 750,000주 클래스 A 주식을 가중평균 가격 $93.2731 (거래일 중 $89.79~$99.11 범위)로 매도하여 약 7,000만 달러의 수익 창출.
  • 남은 직접 클래스 A 보유: 0주; 생전 신탁을 통한 간접 보유: 6,907주.
  • 지속적인 경제적 이익: 47,367,360주 클래스 B (슈퍼보팅 권한 보유)로 매도 후에도 실질적 지배력 유지.

이번 매각은 테네브의 총 클래스 B 보유량의 2% 미만에 해당하며, 2024년 8월 19일에 채택된 10b5-1 계획에 따라 실행되어 기회주의적 매도가 아닌 구조화된 다각화임을 나타냅니다.

Robinhood Markets, Inc. (HOOD) – Dépôt Formulaire 4 daté du 03/07/2025

Le PDG et co-fondateur Vladimir Tenev a déclaré une transaction planifiée conformément à la règle 10b5-1 réalisée le 01/07/2025. Le dépôt indique :

  • Conversion automatique de 750 000 actions de Classe B en 750 000 actions de Classe A immédiatement avant la vente.
  • Vente des 750 000 actions de Classe A à un prix moyen pondéré de 93,2731 $ (fourchette intrajournalière de 89,79 $ à 99,11 $), générant un produit d’environ 70 millions de dollars.
  • Détention directe restante de Classe A : 0 actions ; détentions indirectes via une fiducie vivante : 6 907 actions.
  • Intérêt économique en cours : 47 367 360 actions de Classe B (à droit de vote supérieur), conservant ainsi le contrôle effectif malgré la vente.

Cette cession représente moins de 2 % du total des actions de Classe B détenues par Tenev et a été réalisée dans le cadre d’un plan 10b5-1 adopté le 19/08/2024, indiquant une diversification structurée plutôt qu’une vente opportuniste.

Robinhood Markets, Inc. (HOOD) – Form 4 Einreichung vom 03.07.2025

Chief Executive Officer und Mitgründer Vladimir Tenev meldete eine vorab geplante Transaktion gemäß Regel 10b5-1, die am 01.07.2025 ausgeführt wurde. Die Einreichung zeigt:

  • Automatische Umwandlung von 750.000 Class B-Aktien in 750.000 Class A-Aktien unmittelbar vor dem Verkauf.
  • Verkauf der 750.000 Class A-Aktien zu einem gewichteten Durchschnittspreis von 93,2731 $ (Intraday-Spanne 89,79 $–99,11 $), wodurch Erlöse von etwa 70 Millionen Dollar erzielt wurden.
  • Verbleibender direkter Besitz von Class A-Aktien: 0 Aktien; indirekter Besitz über einen lebenden Trust: 6.907 Aktien.
  • Laufendes wirtschaftliches Interesse: 47.367.360 Class B-Aktien (mit Superstimmrecht), wodurch trotz des Verkaufs die effektive Kontrolle erhalten bleibt.

Die Veräußerung stellt weniger als 2 % von Tenevs gesamten Class B-Beständen dar und wurde im Rahmen eines zuvor am 19.08.2024 angenommenen 10b5-1-Plans ausgeführt, was auf eine strukturierte Diversifikation statt einen opportunistischen Verkauf hinweist.

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 CA 94025

(City) (State) (Zip)
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
3. Date of Earliest Transaction (Month/Day/Year)
07/01/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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 07/01/2025 C 750,000 A (1) 750,000 D
Class A Common Stock 07/01/2025 S(2) 750,000 D $93.2731(3) 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) 07/01/2025 C 750,000 (1) (1) Class A Common Stock 750,000 $0 47,367,360 D
Explanation of Responses:
1. As part of the transaction effected on July 1, 2025 pursuant to the Rule 10b5-1 trading plan adopted by the Reporting Person on August 19, 2024 ("Tenev 10b5-1 plan"), the Reporting Person sold 750,000 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 $89.79 to $99.11. 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:
Tenev POA
/s/ Lucas Moskowitz, attorney-in-fact for Vladimir Tenev 07/03/2025
** 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.

FAQ

How many Robinhood (HOOD) shares did CEO Vladimir Tenev sell?

He sold 750,000 Class A shares that were converted from Class B stock.

What was the average sale price of the shares?

The weighted-average sale price was $93.2731, with trades between $89.79 and $99.11.

Was the sale part of a 10b5-1 trading plan?

Yes. The transaction followed a Rule 10b5-1 plan adopted on 08/19/2024.

How many shares does Vladimir Tenev still own after the sale?

He retains 47,367,360 Class B shares and 6,907 Class A shares held indirectly via a trust.

Does the sale affect Vladimir Tenev’s voting control over Robinhood?

No. Class B shares carry super-voting rights, so his voting control remains largely unchanged.
Robinhood Markets, Inc.

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