'Robinhood' Executives, Including Former CFO, Sell Shares Worth $15 Billion

Robinhood Markets, Inc. (NASDAQ: HOOD), the operator of the U.S. online brokerage, saw three executives—including former CFO Jason Warnick, the CTO, and the CLO—sell portions of their common stock under pre-established Rule 10b5-1 trading plans between late January and early February. On February 9, former CFO Warnick sold 125,000 shares of Class A common stock at approximately $85 per share, realizing roughly $10.64 million in proceeds. The CTO and CLO also reduced their stakes by small amounts, each cashing out several million dollars. Even after these sales, Warnick and the CLO continue to hold several hundred thousand shares, reflecting a partial adjustment of their holdings rather than a full divestiture.

In its February 10 release of fourth-quarter and full-year 2025 results, Robinhood reported record annual revenue of $4.5 billion and diluted EPS of $2.05. However, revenue slightly missed market expectations and weak crypto-related earnings triggered a double-digit drop in the share price immediately following the announcement, heightening volatility. On February 19, the company provided additional metrics as of January 2026, reporting 27.2 million funded accounts and $324 billion in platform assets, and noted that deposit inflows and growth in stock and options trading continue.

Launched in 2013 as a mobile app offering commission-free stock trading, Robinhood rapidly expanded the retail investor market and now aspires to be a “financial super app,” encompassing options, futures, crypto trading, and premium paid services. Alongside its earnings release, the company announced executive changes: former CFO Warnick stepped down on February 6 and will serve as a strategic advisor through his official retirement on September 1. Succeeding him is Siva Verma, the former head of finance and strategy, who has been promoted to CFO and will lead the company’s financial operations.