Robinhood Executives Sell Shares Worth Hundreds of Millions Amid Stock Plunge

According to a U.S. Securities and Exchange Commission filing, three Robinhood Markets, Inc. (HOOD) executives—including former and current chief financial officers and the chief legal officer—sold roughly 140,000 shares of the company’s Class A common stock under prearranged trades between early February and March 3, generating about $12 million (approximately ₩16 billion). Former CFO Jason Warnick sold 125,000 shares on February 9, raising around $10.64 million (about ₩14 billion). Current CFO Shiv Verma and Chief Legal Officer Daniel Gallagher Jr. each sold additional blocks of stock worth several hundred thousand dollars. The filing noted that all transactions were executed on-exchange in multiple tranches pursuant to predefined Rule 10b5-1 trading plans.

At the same time, Robinhood’s share price plunged about 24% in February—driven by slowing trading volumes, revenue falling short of expectations, and regulatory concerns—and is down roughly 40% over the past three months. Even though the company’s fourth-quarter 2025 results, announced on February 10, set records for quarterly revenue and Predictive Markets contract volume, the stock saw only a modest rebound.

Founded in 2013, Robinhood has grown into a U.S.-listed fintech firm offering a mobile-first, commission-free platform for retail investors to trade stocks, options, and cryptocurrencies. Its revenue streams include payment for order flow, trading in options, crypto, and equities, interest income, premium memberships, derivatives, and event contracts.