Robinhood CEO Vladimir 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.
A post from October 8, which earned over 200,000 views, framed his latest sell-out as a founder bailing on a $96 billion company. However, Community Notes contributors noted that’s the same zero he’s produced five times already in 2026.
The relevant filing, made with the SEC on October 7, covers his sale dated October 5. When Tenev sold 375,000 Class A shares for roughly $42.6 million, his directly held Class A position after that sale correctly read zero.
$HOOD CEO SOLD HIS SHARES – NOW HE HAS ZERO.
Vladimir Tenev unloaded 375,000 shares at $113.72.
0 Class A shares remaining.
Form 4 filed Oct. 7
Transaction date: Oct. 5
$42.6M is significant. Insiders can have many reasons to sell, but going from 375,000 to ZERO is certainly… pic.twitter.com/cRl9cSBRUN
A footnote on that filing explains that Tenev “sold 375,000 shares of his Class B common stock, resulting in an automatic conversion of the shares into Class A common stock upon execution of the sale” under a Rule 10b5-1 trading plan adopted September 5, 2025.
In other words, Robinhood converts Tenev’s Class B shares, with 10 votes each, into single-vote Class A shares the moment they’re sold.
Although it’s true that Tenev has zero Class A shares remaining after his sale, he still owns 47,419,572 Class B shares, plus a small Class A position of 6,907 shares in a living trust that aren’t considered directly held.
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