Form 4: Robinhood CEO Tenev Donates 87,770 Shares

Robinhood Markets CEO Vladimir Tenev reported a donation of 87,770 Class B shares, which automatically converted to Class A shares, to a donor-advised fund.

Summary

• Vladimir Tenev, Chief Executive Officer and Director of Robinhood Markets, Inc. (HOOD), reported a change in beneficial ownership.
• On December 10, 2025, Tenev converted 87,770 shares of Class B Common Stock into Class A Common Stock.
• Immediately following the conversion, Tenev gifted these 87,770 Class A Common Stock shares to a donor-advised fund.
• The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged trading plan.
• Following these transactions, Tenev's direct beneficial ownership of Class A Common Stock from this specific transaction is 0 shares, and he indirectly owns 6,907 Class A Common Stock via a Living Trust.
• Tenev's direct beneficial ownership of Class B Common Stock decreased by 87,770 shares, leaving 49,419,572 Class B shares directly owned.

Sentiment

Score: 6

Explanation: The filing reports a charitable donation of shares by the CEO, which is generally viewed positively from a corporate social responsibility perspective. The transaction was also conducted under a Rule 10b5-1 plan, indicating pre-planning and transparency. However, it does not provide operational or financial performance insights, leading to a slightly positive but largely neutral sentiment regarding the company's business.

Positives

• The transaction demonstrates philanthropic activity by the company's Chief Executive Officer.
• The disposition of shares was made pursuant to a Rule 10b5-1 plan, indicating a pre-planned and transparent approach to share transactions.

Negatives

• A reduction in the CEO's direct beneficial ownership of Class A common stock.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategy.

Industry Context

This filing details an individual insider transaction by the CEO of Robinhood Markets, Inc. It does not provide information directly related to broader industry trends or competitive landscape, but rather reflects personal financial planning and philanthropic activity by a key executive.

Stakeholder Impact

• Shareholders: Observe a reduction in the CEO's direct Class A ownership, balanced by the transparency of a 10b5-1 plan and the philanthropic nature of the transaction.
• Charitable organizations/Donor Advised Fund: Directly benefit from the gift of shares.

Key Dates

Keywords

Robinhood Markets, HOOD, Vladimir Tenev, CEO, Director, Form 4, Insider Transaction, Stock Donation, Class A Common Stock, Class B Common Stock, Beneficial Ownership, 10b5-1 Plan