{"schema_version":"secwatch.filing_event.v1","accession":"0001783879-23-000097","form_type":"8-K","ticker":"HOOD","cik":"0001783879","company_name":"Robinhood Markets, Inc.","filed_at":"2023-04-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.554147+00:00","generated_at":"2026-06-16T06:39:12.959691+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"regulatory","sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"confidence":"high","headline":"Robinhood releases Q1 2023 Rule 606(a) order-routing reports","bullets":["All non-directed orders in S&P 500, non-S&P 500, and options routed 100% to affiliate Robinhood Securities, LLC.","RHF reports zero net payment for order flow for all order types across all three months of Q1 2023.","RHS receives PFOF from third-party venues and passes 80% of revenue to RHF under a cost-sharing agreement.","Fractional-share, dollar-based, and certain recurring-investment orders are excluded as 'not held' and outside report scope."],"urls":{"canonical":"https://secwatch.observer/filing/0001783879-23-000097","json":"https://secwatch.observer/filing/0001783879-23-000097.json","markdown":"https://secwatch.observer/filing/0001783879-23-000097.md","text":"https://secwatch.observer/filing/0001783879-23-000097.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1783879/000178387923000097/0001783879-23-000097-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1783879/000178387923000097/hood-20230428.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T06:39:12.959691+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}