Vladimir Tenev - 12 Sep 2025 Form 4 Insider Report for Robinhood Markets, Inc. (HOOD)

Reporting relationship: Chief Executive Officer, Director
Issuer ticker: HOOD
Reported as of: 12 Sep 2025
Net transaction value: -$403,973,892
SEC form: 4
Accepted by SEC: 16 Sep 2025, 15:51:00 UTC
Prior SEC filing: 18 Jul 2025
Next SEC filing: 03 Oct 2025
Source filing: View source filing
Reporting owner signature: /s/ Matthew Yorkavich, attorney-in-fact for Vladimir Tenev

Key filing fact

Vladimir Tenev filed Form 4 for Robinhood Markets, Inc. (HOOD) on 16 Sep 2025.

Key facts

This page summarizes Vladimir Tenev's Form 4 filing for Robinhood Markets, Inc. (HOOD).
9 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 16 Sep 2025, 15:51.

Change

Previous filing in this sequence was filed on 18 Jul 2025.
Current net transaction value: -$403,973,892.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001871006 Primary reporting owner

Tenev Vladimir

Relationship: Chief Executive Officer, Director
Address: C/O ROBINHOOD MARKETS, INC., 85 WILLOW ROAD, MENLO PARK
Signature: /s/ Matthew Yorkavich, attorney-in-fact for Vladimir Tenev
Signature date: 16 Sep 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

HOOD transaction

Class A Common Stock

Options Exercise

Transaction value
Shares: +6,915,914
Change %
Price
Shares after: 6,915,914
Date: 12 Sep 2025
Ownership: Direct
Footnotes: F1

HOOD transaction

Class A Common Stock

Sale

Transaction value: $32,760,092
Shares: -289,667
Change %: -4.2%
Price: $113.10
Shares after: 6,626,247
Date: 15 Sep 2025
Ownership: Direct
Footnotes: F2, F3

HOOD transaction

Class A Common Stock

Sale

Transaction value: $128,810,962
Shares: -1,128,877
Change %: -17%
Price: $114.11
Shares after: 5,497,370
Date: 15 Sep 2025
Ownership: Direct
Footnotes: F2, F4

HOOD transaction

Class A Common Stock

Sale

Transaction value: $203,175,385
Shares: -1,768,531
Change %: -32%
Price: $114.88
Shares after: 3,728,839
Date: 15 Sep 2025
Ownership: Direct
Footnotes: F2, F5

HOOD transaction

Class A Common Stock

Sale

Transaction value: $38,873,601
Shares: -335,819
Change %: -9%
Price: $115.76
Shares after: 3,393,020
Date: 15 Sep 2025
Ownership: Direct
Footnotes: F2, F6

HOOD transaction

Class A Common Stock

Sale

Transaction value: $353,852
Shares: -3,038
Change %: -0.09%
Price: $116.48
Shares after: 3,389,982
Date: 15 Sep 2025
Ownership: Direct
Footnotes: F2, F7

HOOD transaction

Class A Common Stock

Disposed to Issuer

Transaction value
Shares: -3,389,982
Change %: -100%
Price
Shares after: 0
Date: 16 Sep 2025
Ownership: Direct
Footnotes: F8

HOOD holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 6,907
Date: 12 Sep 2025
Ownership: By Living Trust

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

HOOD transaction Derivative

Market-Based Performance Stock Units

Options Exercise

Transaction value: $0
Shares: -6,915,914
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 12 Sep 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 6,915,914
Exercise price
Footnotes: F9

HOOD transaction Derivative

Class B Common Stock

Award

Transaction value
Shares: +3,389,982
Change %: +7.2%
Price
Shares after: 50,257,342
Date: 16 Sep 2025
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 3,389,982
Exercise price
Footnotes: F8, F10

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 10 footnotes

Footnote F1

Performance stock units ("PSUs") convert into Class A Common Stock on a one-for-one basis upon vesting and settlement.

Footnote F2

Represents a mandatory sale of a sufficient number of shares to cover the tax withholding liability associated with the vesting and settlement of the 6,915,914 PSUs reported above. Sale occurred for purposes of satisfying tax obligations and does not represent a discretionary sale by the Reporting Person.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote F9

On October 8, 2019, the Reporting Person was granted 13,831,829 PSUs under Robinhood's Amended and Restated 2013 Stock Plan. Portions of the award become eligible to vest based on share- price goals of $30.45 (20% portion), $50.75 (30% portion), and $101.50 (50% portion). Following the IPO, these goals are tested based on our trailing 60-trading-day average daily VWAP. When a share price goal is achieved, half of the PSUs allocated to that level vest immediately, with the other half vesting on a time-based service schedule ending on August 1, 2024, subject to the Reporting Person's continued service through the applicable share price goal achievement date. Because the time-based vesting schedule has been satisfied, the Reporting Person becomes vested in full in any tranche that satisfies the share price goal, subject to his continued service as of such achievement. This transaction reflects the settlement on September 15, 2025 of 6,915,914 PSUs allocated to $101.50 share price goal.

Footnote F10

Shares of Class B Common Stock are convertible into Class A Common Stock on a one-for-one basis (a) at the holder's election, (b) upon certain transfers of such shares, or (c) in connection with the holder's death or disability in certain circumstances and, if not previously converted, will so convert at the earlier of (i) certain dates determined either by a vote of the holders of the shares of Class B Common Stock or by Robinhood's Board of Directors as described in Robinhood's Charter or (ii) August 2, 2036.