Robinhood CEO Tenev sells $42.6m in shares on October 5

Robinhood CEO Vladimir Tenev sold approximately $42.6 million worth of the company's Class A common stock on October 5, 2025. The transactions, executed under a pre-arranged Rule 10b5-1 trading plan, involved the sale of 375,000 shares at prices ranging from $112.62 to $115.48 per share. Tenev's sale consisted of three batches: 158,911 shares at an average price of $113.2356, 193,897 shares at an average price of $113.9682, and 22,192 shares at an average price of $114.9537.

Post-sale, Tenev no longer directly holds any Class A shares but still owns 6,907 shares indirectly through a living trust and maintains a significant holding of 47,419,572 shares of Class B common stock. Analysts have noted that Robinhood is currently overvalued, with InvestingPro suggesting this based on current market conditions.