Robinhood’s Pinner sells $614,140 in shares

Published 29/07/2025, 22:02
Robinhood’s Pinner sells $614,140 in shares

Robinhood Markets , Inc. (NASDAQ:HOOD), the $91.4 billion fintech company whose stock has surged over 400% in the past year, reported that Chief Technology Officer Jeffrey Tsvi Pinner sold 5,864 shares of Class A Common Stock on July 25, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were sold at a weighted average price of $104.7307, resulting in a total transaction value of $614,140. The prices for the transactions ranged from $101.35 to $106.30.

Following the transaction, Pinner directly owns 3,044 shares of Robinhood Markets, Inc. The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on November 11, 2024.

In other recent news, Block Inc will be added to the S&P 500 index, replacing Hess Corp (NYSE:HES) following its acquisition by Chevron Corp. (NYSE:CVX) This change is set to take effect before trading opens on July 23, 2025. Similarly, The Trade Desk (NASDAQ:TTD) has been announced as a new addition to the S&P 500 index, replacing ANSYS (NASDAQ:ANSS) Inc., which is being acquired by Synopsys Inc (NASDAQ:SNPS). The Trade Desk’s inclusion is effective on July 18, 2025, and is expected to drive significant buying activity from index funds.

Meanwhile, Robinhood Markets is under investigation by Florida authorities for allegedly misleading consumers about cryptocurrency trading costs. The Florida Attorney General has issued a subpoena for internal documents from Robinhood Crypto, LLC as part of this probe. In other developments related to Robinhood, its CEO’s AI startup, Harmonic (NASDAQ:HLIT), has raised $100 million in Series B funding, valuing the company at $875 million. Additionally, Raymond (NSE:RYMD) James has reiterated its Market Perform rating on Robinhood stock, noting impressive account and deposit growth, alongside increased trading volumes.

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