Robinhood CEO sells 375,000 shares under plan
Robinhood Markets, Inc. CEO Vladimir Tenev reported a pre-planned sale tied to a share conversion.
Rhea-AI Filing Summary
Robinhood Markets, Inc. CEO Vladimir Tenev reported a pre-planned sale tied to a share conversion. On April 6, 2026, he converted 375,000 shares of Class B Common Stock into 375,000 shares of Class A Common Stock and then sold all 375,000 Class A shares in open-market transactions.
The sales occurred at weighted-average prices of $69.5343 and $70.1184 per share, executed under a Rule 10b5-1 trading plan adopted on September 5, 2025. After these transactions, Tenev directly holds 48,669,572 shares of Class B Common Stock and indirectly holds 6,907 shares of Class A Common Stock through a living trust.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and Sale: 375,000 shares ($26.19M approx. pre-tax spread)
Exercise and Sale
5 txns
Insider
Tenev Vladimir
Role
Chief Executive Officer
Sold
375,000 shs ($26.19M)
Approx. gross sale proceeds
$26.19M
Approx. exercise cost
$0.00
Approx. pre-tax spread
$26.19M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 375,000 | $0.00 | $0.00 |
| Conversion | Class A Common Stock | 375,000 | $0.00 | $0.00 |
| Sale | Class A Common Stock | 182,667 | $69.5343 | $12.70M |
| Sale | Class A Common Stock | 192,333 | $70.1184 | $13.49M |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 48,669,572 contracts (Direct);
Class A Common Stock — 0 shares (Direct);
Class A Common Stock — 6,907 shares (Indirect, By Living Trust)
Footnotes (4)
- F1. As part of the transaction effected on April 6, 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 375,000 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.
- F2. This transaction was effected pursuant to the Tenev 10b5-1 plan.
- F3. This transaction was executed in multiple trades during the day at prices ranging from $68.80 to $69.79. 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.
- F4. This transaction was executed in multiple trades during the day at prices ranging from $69.80 to $70.77. 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
Shares converted: 375,000 shares
Shares sold total: 375,000 shares
Sale price tranche 1: $69.5343/share
+4 more
7 metrics
Shares converted
375,000 shares
Class B converted to Class A on April 6, 2026
Shares sold total
375,000 shares
Open-market sales on April 6, 2026
Sale price tranche 1
$69.5343/share
Weighted-average price for 182,667 Class A shares
Sale price tranche 2
$70.1184/share
Weighted-average price for 192,333 Class A shares
Post-transaction Class B holdings
48,669,572 shares
Direct Class B Common Stock after April 6, 2026
Indirect Class A holdings
6,907 shares
Class A Common Stock held by living trust
Net shares sold
375,000 shares
Net sell direction per transaction summary
Key Terms
Rule 10b5-1 trading plan, Class B Common Stock, Class A Common Stock, weighted-average price, +2 more
6 terms
Rule 10b5-1 trading plan financial
"pursuant to the Rule 10b5-1 trading plan adopted by the Reporting Person on September 5, 2025"
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.
Class B Common Stock financial
"sold 375,000 shares of his Class B Common Stock, resulting in an automatic conversion"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
Class A Common Stock financial
"automatic conversion of the shares into Class A Common Stock upon execution of the sale"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
weighted-average price financial
"multiple trades during the day at prices ranging from $68.80 to $69.79. 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.
open-market sale financial
"Sale in open market or private transaction"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
living trust financial
"total_shares_following_transaction: "6907.0000" ... nature_of_ownership: "By Living Trust""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Robinhood (HOOD) CEO Vladimir Tenev report in this Form 4?
Vladimir Tenev reported converting 375,000 Class B shares into 375,000 Class A shares, then selling all 375,000 Class A shares in open-market transactions. These trades were executed on April 6, 2026 under a previously adopted Rule 10b5-1 trading plan.
Was the Robinhood (HOOD) CEO’s sale part of a Rule 10b5-1 plan?
Yes. The filing states the April 6, 2026 transactions were effected under a Rule 10b5-1 trading plan that Vladimir Tenev adopted on September 5, 2025, indicating the sales were pre-arranged rather than newly decided at the time of execution.
What is the significance of the Class B to Class A conversion at Robinhood (HOOD)?
The Form 4 shows 375,000 Class B shares automatically converted into 375,000 Class A shares as part of the sale. This conversion occurred upon execution of the sale transaction, as described in the footnotes, and then the resulting Class A shares were sold.
AI-generated analysis. How Rhea-AI works. Not financial advice.
