Robinhood CEO sells $31.05M in HOOD shares
- —Tenev sells 259,166 HOOD shares worth $31.05 million
- —Sale executed under a pre-arranged plan filed September 21
- —His remaining stake is valued at $790.63 million
- —In July he sold about 702,000 shares for $81.1 million
Why it matters: Insider selling at Robinhood may signal management's view on valuation as the company expands its crypto business.
Source: PANews