Robinhood CEO Vlad Tenev sold 375,000 shares of Class A common stock worth approximately $42.6 million on October 5, reducing his direct holdings of Class A shares to zero. This marks the sixth time Tenev has reduced his Class A share holdings to zero in 2026. SEC filings show that Tenev sold the shares after converting Class B shares, which carry 10 times the voting power, into Class A shares through a pre-arranged trading plan. Although his Class A share holdings are now zero, Tenev still holds 47,419,572 Class B shares, plus a small number of Class A shares in a trust, totaling approximately $5.2 billion, and co-controls the majority voting rights of Robinhood with the co-founder.