Robinhood CEO Vlad Tenev sold 375,000 shares of Robinhood Markets stock on July 6, according to a recent SEC filing. The filing shows that his Class B shares automatically converted into Class A common stock when the sale took place. The transaction was made under a Rule 10b5-1 trading plan adopted on Sept. 5, 2025.
🚨BREAKING: Robinhood CEO, CLO, Venture Capital Dumped Millions in HOOD Stocks💰
• CEO Vlad Tenev sold 375,000 shares worth ~$43.6 million
• CLO Daniel Gallagher sold 9500 shares → ~$1.1 Million
•Robinhood Ventures Fund I sold 21,300 RVI sharesThe sales come as $HOOD stock… pic.twitter.com/uMiIV4N37F
— Rednirav (@CryptoRednirav) July 9, 2026
The sale was reported across several price ranges, with weighted average prices from $112.2242 to $118.1385.Investing.com placed the total value near $43.6 million. Tenev still held more than 48.2 million Class B shares after the transaction, based on the same filing.
Gallagher also reports HOOD sale
Robinhood Chief Legal Officer Daniel Gallagher also sold HOOD shares on July 6. A Form 4 summary showed 10,000 Class A shares sold across seven transactions. Reported weighted average sale prices ranged from $112.056 to $118.4525.
The filing said Gallagher’s sale was made under a Rule 10b5-1 trading plan adopted on Aug. 8, 2025. Such plans allow company insiders to schedule sales in advance. They do not, by themselves, prove a change in an executive’s view of the company.
Robinhood Ventures trims RVI holding
Robinhood Markets also reported sales tied to Robinhood Ventures Fund I, which trades under the ticker RVI. The filing showed 21,294 common shares of beneficial interest sold on July 6 and July 7. The reported sale prices ranged from $30.815 to $34.31.
Robinhood launched RVI as a closed-end fund designed to give retail investors access to private companies. The company said the fund would focus on private firms at the “frontiers” of their industries. Robinhood later said RVI had added exposure to companies including Canva, SpaceX, Stripe and ElevenLabs.
Stock rally follows crypto product push
The insider sales came after a strong move in Robinhood shares. HOOD recently traded near $113.53, with a market value above $100 billion, according to market data. The stock had gained attention after a run of product updates and analyst coverage.
Crypto.news recently reported that Robinhood launched Robinhood Chain, an Ethereum layer-2 network built with Arbitrum technology. The rollout also included Stock Tokens, decentralized lending, perpetual futures access and AI-powered trading accounts. Robinhood said the Stock Tokens track the economic performance of underlying equities but do not give holders legal ownership, voting rights or other shareholder rights.
Crypto.news also covered Robinhood’s role in the wider corporate chain race. The report said Robinhood had joined Coinbase, Stripe, Circle and Tether in building company-controlled blockchain rails. That move puts Robinhood deeper into crypto infrastructure as trading apps, exchanges and payment firms try to control more of their technology stack.
Recent crypto.news coverage also tied Robinhood to the Trump Accounts rollout and rising prediction market activity. Bernstein projected Robinhood prediction market revenue could climb in 2026 as World Cup trading volumes grew. The added coverage followed Robinhood’s broader move beyond stock and crypto trading.
The stock sale filings may draw attention because they arrived after a rally. Still, the largest reported executive sales were linked to preset 10b5-1 plans. Investors may now watch whether Robinhood’s crypto, tokenized stock and private-market products can keep supporting growth after the recent move in HOOD shares.
