Tenev Vladimir's Form 4 filing
Robinhood Markets, Inc. (HOOD) · filed Sep 16, 2025
- Accession no.
- 0001783879-25-000272
- Filed
- Sep 16, 2025
- Trade date
- Sep 12-16, 2025
- Filing delay
- 4 days
- Rule 10b5-1 plan
- Not checked
This filing lists 7 non-derivative transactions and 2 derivative transactions. Open-market sales total $404.0M. It was filed 4 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Tenev VladimirCIK 0001871006 | Director, Officer (Chief Executive Officer) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Sep 12, 2025 | Class A Common Stock | MOption exerciseAcquired | +6,915,914 | –F1 | – | 6,915,914 | Direct | |
| Sep 15, 2025 | Class A Common Stock | SSaleDisposed | −289,667 | $113.10F3 | −$32,761,337.7 | 6,626,247 | Direct | |
| Sep 15, 2025 | Class A Common Stock | SSaleDisposed | −1,128,877 | $114.11F4 | −$128,816,154.47 | 5,497,370 | Direct | |
| Sep 15, 2025 | Class A Common Stock | SSaleDisposed | −1,768,531 | $114.88F5 | −$203,168,841.28 | 3,728,839 | Direct | |
| Sep 15, 2025 | Class A Common Stock | SSaleDisposed | −335,819 | $115.76F6 | −$38,874,407.44 | 3,393,020 | Direct | |
| Sep 15, 2025 | Class A Common Stock | SSaleDisposed | −3,038 | $116.48F7 | −$353,866.24 | 3,389,982 | Direct | |
| Sep 16, 2025 | Class A Common Stock | DReturned to the companyDisposed | −3,389,982 | –F8 | – | 0 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Sep 12, 2025 | Common Stock | MOption exerciseDisposed | −6,915,914 | $0.00 | $0 | 0 | Direct | |
| Sep 16, 2025 | Class A Common Stock | AGrant or awardAcquired | +3,389,982 | –F8 | – | 50,257,342 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
Performance stock units ("PSUs") convert into Class A Common Stock on a one-for-one basis upon vesting and settlement.
Referenced by the price of 1 transaction in Table I.
- F3
This transaction was executed in multiple trades during the day at prices ranging from $112.45 to $113.44. The weighted-average price is reported above. The Reporting Person hereby undertakes to provide to the SEC staff, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares and prices at which the trades were made.
Referenced by the price of 1 transaction in Table I.
- F4
This transaction was executed in multiple trades during the day at prices ranging from $113.45 to $114.445. The weighted-average price is reported above. The Reporting Person hereby undertakes to provide to the SEC staff, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares and prices at which the trades were made.
Referenced by the price of 1 transaction in Table I.
- F5
This transaction was executed in multiple trades during the day at prices ranging from $114.45 to $115.44. The weighted-average price is reported above. The Reporting Person hereby undertakes to provide to the SEC staff, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares and prices at which the trades were made.
Referenced by the price of 1 transaction in Table I.
- F6
This transaction was executed in multiple trades during the day at prices ranging from $115.45 to $116.43. The weighted-average price is reported above. The Reporting Person hereby undertakes to provide to the SEC staff, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares and prices at which the trades were made.
Referenced by the price of 1 transaction in Table I.
- F7
This transaction was executed in multiple trades during the day at prices ranging from $116.45 to $116.50. The weighted-average price is reported above. The Reporting Person hereby undertakes to provide to the SEC staff, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares and prices at which the trades were made.
Referenced by the price of 1 transaction in Table I.
- F8
In connection with Robinhood Markets, Inc. ("Robinhood")'s initial public offering ("IPO"), Robinhood entered into an equity exchange right agreement with the Reporting Person and related entities. Pursuant to the equity exchange right agreement, the Reporting Person has a right (an "Equity Exchange Right") to require Robinhood to exchange, for shares of Class B Common Stock, any shares of Class A Common Stock received by him upon the vesting and settlement of restricted stock units ("RSUs"). The Equity Exchange Right applies only to RSUs granted to the Reporting Person prior to the closing of Robinhood's IPO on July 29, 2021. Such RSUs include the PSUs that settled on September 15, 2025 for 3,389,982 shares of Class A Common Stock and for which the Reporting Person has exercised his right to require Robinhood to exchange for shares of Class B Common Stock on a one-for-one basis pursuant to the equity exchange right agreement.
Referenced by the price of 1 transaction in Table I and 1 transaction in Table II.