From 24/7 Wall St. · Omor Ibne Ehsan · · 1m 10s
Robinhood CEO and Cathie Wood Sell Shares
Robinhood's CEO sold $42.6 million of stock as Cathie Wood dumped $38 million more in HOOD shares.
In brief
Robinhood's CEO sold $42.6 million of stock as Cathie Wood dumped $38 million more in HOOD shares. Robinhood's CEO and Cathie Wood sold significant HOOD shares without impacting the company's outlook ahead of earnings. Originally reported by 24/7 Wall St..
Robinhood CEO's Stock Sale
Robinhood's CEO Vlad Tenev sold 375,000 shares for $42.64 million on October 5, 2026.
Cathie Wood's Share Dump
Cathie Wood's ARK Invest sold 63,000 shares on October 6, 2026, followed by larger sales over the next three days.
Tenev's Pre-Set Trading Plan
Tenev's sale ran under a Rule 10b5-1 plan adopted on September 5, 2025, to avoid insider trading.
ARK's Portfolio Cuts
ARK sold 151,903 shares on October 7 and 202,825 shares on October 8, totaling $47.5 million.
Stock Price Decline
Robinhood's stock fell from $114.11 to $107.01, dropping 29% below its 12-month high of $153.56.
Earnings Ahead
Robinhood's third-quarter results are scheduled for October 27, 2026, with key metrics to watch.
Investment Case Unchanged
The stock's price decline and sales do not affect Robinhood's earnings outlook ahead of earnings.
What it means
Robinhood's CEO and Cathie Wood sold significant HOOD shares without impacting the company's outlook ahead of earnings.
