Robinhood CEO Sells 375,000 Shares, Cashes Out $43.56 Million

Robinhood Markets Inc. Chief Executive Officer Vlad Tenev has recently sold a large chunk of his holdings in the company.

BlockBeats reported on July 9 that Tenev sold 375,000 Robinhood shares from July 6 through recent days.

The shares were sold at an average price of $116.17 each, for total proceeds of $43.56 million.

After the sale, Tenev still held 48.3 million Class B shares of Robinhood, the report said. That stake is estimated to be worth more than $5 billion.