- Robinhood CEO Vladimir Tenev has sold all of his directly held Class A shares to zero six times in 2026, but each sale stems from converting super-voting Class B shares into Class A upon execution.
- Tenev still owns over 47.4 million Class B shares worth about $5.2 billion, which carry 10 votes each and maintain his majority voting control alongside co-founder Baiju Bhatt.
- Total sales across the six transactions amount to roughly $220 million, representing about 4% of his Class B stake, under a pre-disclosed Rule 10b5-1 trading plan adopted in September 2025.
Robinhood CEO Vladimir Tenev has sold his directly held Class A common stock to zero for the sixth time in 2026, according to an SEC filing dated October 7 covering a transaction on October 5. Tenev unloaded 375,000 Class A shares for approximately $42.6 million, leaving his directly held Class A position at zero.
However, the sale involved an automatic conversion of Class B common stock into Class A shares upon execution, as described in a footnote to the filing. The Class B shares carry 10 votes each, compared to one vote for Class A, and Tenev retains 47,419,572 Class B shares worth roughly $5.2 billion at the October 9 close near $109 per share.
A post from October 8 that garnered over 200,000 views framed the move as a founder bailing on the company, but Community Notes contributors noted this is the same zero Tenev has produced five times already in 2026. Each liquidation follows the same pattern under a pre-disclosed Rule 10b5-1 trading plan adopted September 5, 2025.
Across 2026, Tenev has sold approximately 2 million Class B shares via Class A conversions for about $220 million, stripping roughly 20 million votes from his direct holdings. Nevertheless, Robinhood’s own 10-K confirms that founders and “founder affiliates” hold 100% of outstanding Class B stock, giving Tenev and co-founder Baiju Bhatt control of more than half the voting power.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
