Robinhood’s Chief Financial Officer Plans Big Stock Sales
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Robinhood Markets Chief Financial Officer Jason Warnick plans to sell up to $27 million of shares of the trading platform. On Feb. 14, Warnick filed a so-called Rule 10b5-1 trading plan to sell up 525,000 Robinhood shares, the company disclosed in its first-quarter report with the Securities and Exchange Commission. The company disclosure of Warnick’s plan notes that restricted stock units “convert into class A common stock on a one-for-one basis upon vesting and settlement,” which may mean some or all of the shares to be sold will be vested RSUs.
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