Robinhood CEO Tenev Sells $32.5M of HOOD Stock as His Third 2026 Disposal

Robinhood chief govt Vladimir Tenev offered about $32.5 million of firm inventory (HOOD) on Monday, the third time this 12 months he has finished so below a buying and selling plan he arrange a 12 months earlier.

The submitting that discloses it additionally reveals how little of his stake the sale touched. Tenev holds 48,035,406 Class B shares, every convertible right into a Class A share, value roughly $6 billion on the worth he offered at. The 259,166 shares he disposed of quantity to about half a p.c of that.

A Form 4 filed with the U.S. Securities and Alternate Fee on September 23, 2026, discloses the September 21 transactions, signed by Maureen Montgomery as attorney-in-fact for Tenev.

What the Submitting Exhibits

The September 21 sale was reported in two worth blocks, reflecting trades executed at totally different factors throughout the day. Tenev disposed of 248,136 Class A shares at a weighted-average worth of $125.5528 in a number of trades starting from $125.05 to $126.04 and an extra 11,030 shares at a weighted-average of $126.1489 in trades between $126.10 and $126.31.

Collectively that involves about $32.55 million, at a blended common of roughly $125.58 per share.

The mechanics are value spelling out, as a result of they clarify an in any other case complicated set of numbers. Tenev doesn’t maintain Class A inventory straight. What he offered had been Class B shares, which convert mechanically into Class A shares in the intervening time of sale. The submitting information that conversion as an acquisition of 259,166 Class A shares, adopted instantly by their disposal, leaving his direct Class A stability at zero.

That’s the reason the submitting reveals him buying and disposing of the same amount on the identical day and why his direct Class A holding reads as nil reasonably than as a decreased place.

What He Nonetheless Holds

After the transactions, Tenev’s reported holdings are:

• 48,035,406 Class B shares, held straight, every convertible into one Class A share
• 6,907 Class A shares, held not directly by his dwelling belief
• Zero Class A shares held straight

On the weighted-average worth of his September sale, the Class B stake alone could be value roughly $6.03 billion. The Class A shares within the belief could be value about $867,000 on the identical foundation. These are calculations on the sale worth, not present market valuations.

A Type 4 experiences solely an insider’s holdings within the issuer’s personal securities. It doesn’t disclose every other property.

A Sample of Gross sales

The transactions had been executed below a Rule 10b5-1 buying and selling plan Tenev adopted on September 5, 2025. Such plans let company insiders schedule trades upfront in order that gross sales proceed on preset phrases reasonably than at a second the insider chooses, offering an affirmative protection in opposition to insider buying and selling allegations.

That is a minimum of the third sale below that plan in 2026. Tenev offered 375,000 shares on July 6, a transaction that left him holding 48,294,572 Class B shares, based on the Type 4 filed for it. The 259,166 shares offered this week cut back that determine to 48,035,406, matching the submitting precisely. He additionally sold 375,000 shares in early April, at costs between $69.53 and $70.12.

The costs inform their very own story about Robinhood’s 12 months. April’s sale priced round $70; July’s round $116; Monday’s round $126.

Why Class B Issues

Class B shares carry enhanced voting rights at Robinhood, which is the rationale Tenev’s financial gross sales don’t translate right into a proportionate lack of affect. As a result of the conversion occurs solely on the level of sale, each share he sells is a share of voting energy he provides up, whereas every part he retains stays within the higher-voting class.

The Type 4 doesn’t state the voting ratio; that’s set out in Robinhood’s constitution and annual report.

What This Says, and Doesn’t Say, About Crypto

Robinhood is adopted carefully by crypto traders as a result of a considerable a part of its enterprise is crypto buying and selling, and its inventory is commonly handled as a proxy for retail crypto exercise. That’s the reason a routine insider submitting attracts consideration on this market.

The submitting itself says nothing about crypto. It discloses Tenev’s holdings in Robinhood securities solely. Neither this Type 4 nor every other SEC submitting discloses private cryptocurrency holdings by a company officer, as a result of digital property held personally should not issuer securities and fall outdoors Part 16 reporting.

So there is no such thing as a public document of what, if any, crypto Tenev owns personally, and any declare about it might be hypothesis. What’s on the document is his stake in an organization whose income is tied partly to crypto buying and selling volumes and the truth that he has been promoting small parts of it on a preset schedule since final September.

What the Submitting Does Not Set up

A 10b5-1 sale is scheduled upfront, so it carries no sign about an govt’s view of the corporate on the time of execution. The plan was adopted greater than a 12 months earlier than this commerce.

The submitting additionally provides no indication of the plan’s remaining measurement or length, no cause for the gross sales, and no details about every other transactions.

Additionally Learn: Two Robinhood Engineers Charged With Insider Trading on Hyperliquid

Disclaimer: The knowledge researched and reported by The Crypto Occasions is for informational functions solely and isn’t an alternative choice to skilled monetary recommendation. Investing in crypto property includes important threat attributable to market volatility. All the time Do Your Personal Analysis (DYOR) and seek the advice of with a professional Monetary Advisor earlier than making any funding selections.