Robinhood CFO Shiv Verma Sells Shares Worth $1.3 Million
Shiv Verma, Chief Financial Officer of Robinhood Markets (NASDAQ: HOOD), sold 11,472 shares of Class A common stock on September 15, 2026, for a total value of approximately $1.3 million. The transaction was conducted under an established Rule 10b5-1 trading plan adopted in August 2025 to ensure compliance with insider trading regulations and avoid reliance on non-public information. Following the sale, Verma retained ownership of 56,858 shares directly held by him, valued at around $6.2 million based on market close prices from September 15, 2026. The stock was sold across a range of prices between $106.08 and $112.83 per share with an average price of $110.42. Robinhood Markets operates as one of the leading fintech platforms in the U.S., offering commission-free trading for equities, ETFs, options, precious metals, and cryptocurrencies while generating revenue through transaction fees, margin lending, and subscription services.
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