HOOD Stock Dips Overnight: CEO Vlad Tenev Sells Shares Worth $31M

• Following the transaction, Tenev held 790.63 million shares in the company. 
• The CEO previously sold about 375,000 shares worth $43.56 million in July, and another 327,500 shares worth $37.55 million that same month through his Trust account. 
• Meanwhile, Robinhood’s app, website and login pages were briefly down on Monday evening amid a cloud outage. 

Shares of Robinhood Markets Inc. (HOOD) declined about 0.65% in the overnight session late Monday. In a filing, the company reported that CEO Vlad Tenev sold a significant number of shares. 

Tenev’s HOOD Share Sale 

On Monday, Tenev filed to sell 259,166 HOOD shares worth $31.05 million under a pre-arranged trading plan that allows corporate insiders to schedule stock sales in advance. Following the transaction, Tenev held 790.63 million shares in the company. 

The CEO previously sold about 375,000 shares worth $43.56 million in July, and another 327,500 shares worth $37.55 million that same month via his Trust account. 

HOOD App Malfunctions Briefly 

Meanwhile, Robinhood’s app, website, and login pages were briefly down on Monday evening amid a cloud outage. 

According to Down Detector, more than 5,000 reports were filed on the platform, with about 83% of complaints about the app malfunctioning. 

However, the company said in a post on X around 7.25 pm EST that “Robinhood services have fully recovered after the AWS outage.”

HOOD Stock: Retail Stance

On Stocktwits, retail sentiment around HOOD stock was ‘bullish’ at the time of writing. The stock was also among the platform's top trending tickers. 

One user said, “$HOOD is Vlad done selling his shares? Now we rip.”

Another user said about the outage, “$HOOD lawsuit incoming, they are making us lose money, I can’t trade my position now.”

A third user said, “$HOOD app crashed and not working.”

HOOD stock has gained about 7% so far in 2026. 

Editor's note: This story has been updated to reflect that Tenev's share sale was executed under a pre-arranged trading plan, in which stock sales are scheduled in advance to avoid liability for illegal insider trading.

For updates and corrections, email newsroom[at]stocktwits[dot]com.