Robinhood Markets' CEO, Vladimir Tenev, sold 259,166 shares of the company's Class A stock for a total value of approximately $32.5 million. The transactions, which occurred on September 21, were disclosed in a regulatory filing on September 23. The shares were sold at weighted average prices between $125.55 and $126.15.
The sale was conducted under a pre-arranged Rule 10b5-1 trading plan that Tenev had adopted a year prior, on September 5, 2025. This type of plan allows company insiders to set up a schedule for selling stocks at a predetermined time to avoid accusations of insider trading. Following the transaction, Tenev's direct ownership in this specific stock class decreased, though he continues to hold a substantial number of Class B shares.