Robinhood's Baiju Bhatt sells Class A shares at up to $102 a share
As seen on the 24/7 Wall St. homepage on October 23, 2026.
Robinhood co-founder Baiju Bhatt converted Class B shares and cleared out the entire Class A position the same day, roughly $5.1 million sold between $99 and $102. He still holds about 46.8 million Class B shares, and the selling price marks where a founder was willing to take cash.
Continue ReadingShow less
On October 23, 2026, Baiju Bhatt converted a block of Class B shares into Class A shares and sold the entire resulting Class A position the same day at prices between $99 and $102.
The conversion-and-sell structure is a common mechanism for founders who hold supervoting Class B stock: converting to Class A is required before shares can be sold on the open market, which makes this a deliberate, planned liquidation.
Sponsored
Twelve Tabs, One Thesis
Your Research Resets Every Morning
The quote page in one tab. Filings in another. A chart you rebuilt from scratch, a transcript you never went back and found, a screener whose settings you will redo next week. Nothing you built yesterday is still there.
AlphaSpace replaces all of it with one screen you arrange yourself. Earnings calendar, estimate versus actual, the call transcript, live news, your own charts, every panel wired to whatever ticker you click. Close the browser and it is all still sitting there tomorrow.
See What a Built View Looks Like →
(Sponsor)
A co-founder took cash at prices up to $102, marking where at least one informed insider saw fit to act. That price signal tends to draw attention from traders who follow insider activity as a sentiment indicator.
Bhatt retains approximately 46.8 million Class B shares after the transaction, so his economic stake in Robinhood remains substantial. The sale represents a sliver of his overall position, but the level at which he chose to sell is the detail worth keeping an eye on as the stock continues to trade in that range.
Sources
Mentioned: HOOD