Robinhood CEO Stock Sale: Tenev Sold 375,000 Shares in October

Vladimir Tenev's Robinhood CEO stock sale covered 375,000 shares on October 5, 2026. Its Form 4 reached the SEC's database on October 7. Three batches at weighted averages between $113.24 and $114.95 come to about $42.6 million. Social posts framed it as the end of his selling because his direct Class A holdings now read zero. The form supports that number, but it hides most of what he still owns.

SEC Form 4 filed by Tenev, Table I sales on October 5 and the Class B balance in Table II.

Robinhood CEO stock sale: what the filing shows

Every share sold started life as Class B stock. Selling converts it to Class A automatically. So Table I shows the full 375,000 shares coming in and going out on the same day.

The trades ran in three batches. The first two were the big ones, 158,911 shares near $113.24 and 193,897 near $113.97, and a small 22,192-share tail closed it out near $114.95. Footnote 1 ties everything to a Rule 10b5-1 plan he adopted back on September 5, 2025. Plans set that far ahead fix the schedule long before any given week's price.

This filing also landed inside the two business days that insiders get to report a trade, so nothing about the timing is unusual.

Where the "zero" comes from

Table I ends at 0 Class A shares held directly. The same table adds 6,907 more held through a living trust. Table II carries the bulk, with 47,419,572 Class B shares still reported as directly owned and each convertible into Class A. Against the 47,794,572 he held before the sale, this trade trimmed about 0.8% of that block.

Coin Bureau's post on X, which called the holdings "zero" without the Class B figure.

Two earlier sales from September

Two earlier Form 4s follow the same pattern. September 21 brought 259,166 shares, worth roughly $32.5 million. A day later he sold 240,834 more for about $30.2 million. Prices on both days sat near $125 to $126.

Put October 5 beside them and you get 875,000 shares and about $105.4 million across three sessions. His Class B balance dropped by that same 875,000, so the filings reconcile.

October's trades priced about 9% under September's. Yahoo Finance's daily data has HOOD closing at $109.51 on October 7, after $112.00 the day before. Those moves sit alongside a plan that does not look at the chart. Someone following a rule accepts a lower October price without changing their view. That is the point of adopting one.

Why crypto readers track Robinhood insiders

Robinhood runs a crypto app and its own chain. Its stock often trades as a read on retail appetite for both. TOCE covered how Robinhood Chain DEX volume sits 68% below its September peak. On its own, a Robinhood CEO stock sale under a plan says little about demand. It shows a calendar being followed.

Watch the next Form 4 and the Class B balance it reports. That balance moves with every plan trade. Retail demand shows up in volumes and revenue. Those arrive in earnings reports rather than insider forms.

Sale figures come from the three Form 4 filings and use their weighted-average prices, so totals are estimates. This is reporting on a filing, and it says nothing about where HOOD or any token goes next.