Robinhood CEO Vlad Tenev on Selling Spree, Plans More HOOD Stock Sale

Robinhood CEO Vladimir Tenev sold 240,834 shares of Class A Common Stock for $30.1 million on September 22, 2026, at prices ranging from $125.33 to $126.14. HOOD stock is up 66.56% over six months but is considered overvalued. Tenev now holds no direct Class A shares but retains 47.8 million Class B shares. Analysts maintain positive ratings on Robinhood, with StoneX setting a $170 price target.

Meta's new AI product, Muse, has caused market turbulence, with Charles Schwab's shares falling 6% and LPL Financial Holdings down 7%. Robinhood's stock rose, reaching a new year-to-date high. Analysts suggest AI disruption may impact traditional brokerage services, with Schwab's low-yielding sweep cash seen as vulnerable. Meta's AI assistant does not trade or give financial advice but can track investments and analyze portfolios.

Bitcoin rose 4.9% to $84,371, extending its recovery as a US SEC decision on tokenised equities supported crypto markets. The SEC granted a temporary exemption for trading tokenised US equities on blockchain platforms. Coinbase, MicroStrategy, and Robinhood shares advanced. Ethereum, XRP, and other cryptocurrencies also gained.

U.S. spot Bitcoin ETFs recorded $999M in net inflows on September 21, the highest since October 2025. Bitcoin's price reached $87,200, bringing average ETF investors to breakeven. BlackRock's IBIT led with $381M inflows, followed by ARKB and FBTC. Inflows likely occurred on September 18, not September 21.

Stock tokens, digital representations of traditional shares on a blockchain, are being introduced in the US. Proponents argue they improve trading speed and efficiency, while critics raise concerns about risks and limited benefits for individual investors. The SEC has set guidelines for their trading, requiring approval from companies and granting the same rights as traditional shares. AMC and Robinhood recently clashed over tokenized AMC shares.

AMC CEO Adam Aron praised the SEC's innovation exemption for tokenized equities, which grants temporary relief for trading tokenized stocks. The exemption allows issuers to veto third-party tokenization and requires tokenized shares to carry the same rights as underlying stocks. The order follows a dispute between AMC and Robinhood over unauthorized tokenization of AMC shares. Industry experts highlighted the implications for tokenized equity markets and future regulatory developments.