Robinhood CEO Vlad Tenev Sold Off $220M of Class B Shares to Zero, But Remains Majority Controller
Key Summary
Robinhood CEO Vlad Tenev has sold an additional 375,000 Class B shares to zero for $42.6 million, marking the sixth time this year he has done so, leaving him with a remaining stake of 47,419,572 Class B shares worth $5.2 billion. Despite this, his majority voting control alongside co-founder Baiju Bhatt remains intact.
Background Context
Robinhood CEO Vlad Tenev has sold every share of his Class A stock to zero - the sixth time this year. However, he doesn't receive regular awards of new Class A stock as executive compensation.
Key Insider Sell
Tenev sold 375,000 Class A shares for roughly $42.6 million on October 5, leaving his directly held Class A position at zero.\n\nRobinhood's Class A and B shares are automatically converted under a Rule 10b5-1 trading plan adopted September 5, 2025. This means Tenev's Class B shares are converted into single-vote Class A shares upon sale.\n\nDespite this, Tenev still owns 47,419,572 Class B shares, worth roughly $5.2 billion at the market close near $109 per share. He also holds a small Class A position of 6,907 shares in a living trust.\n\nTenev's Class B holdings have been steadily decreasing, with the most recent sale removing 20 million votes from his direct holdings.\n\nHowever, his majority voting control alongside co-founder Baiju Bhatt remains intact, with founders holding 100% of the outstanding Class B super-voting common stock.