On July 6, 2026, Robinhood Markets, Inc. CEO and Director Vladimir Tenev executed a sizable planned sale of company stock pursuant to his Rule 10b5-1 trading plan adopted on September 5, 2025 (the “Tenev 10b5-1 plan”). He sold 375,000 shares of Class B Common Stock, which automatically converted into Class A Common Stock upon execution (coded as “C”), and then disposed of all 375,000 Class A shares in multiple trades coded “S” at weighted-average prices ranging from $111.69 to $118.63. Following these transactions, his direct holdings of Class A Common Stock fell to zero, with only 6,907 shares held indirectly via a living trust, and his derivative Class B holdings decreased to 48,294,572 shares. Large, planned executive sales can be interpreted as a mildly bearish signal or an effort to monetize gains at current valuation; investors should monitor any further insider activity and the company’s fundamentals.