---
schema_version: "secwatch.filing_event.v1"
accession: "0001783879-23-000201"
form_type: "8-K"
ticker: "HOOD"
cik: "0001783879"
company_name: "Robinhood Markets, Inc."
filed_at: "2023-09-01T23:59:59+00:00"
generated_at: "2026-06-11T00:40:03.967444+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Robinhood repurchases 55.3M shares from USMS for $605.7M

## Summary
- Purchased 55,273,469 shares of Class A common stock at ~$10.96 per share from US Marshal Service.
- Aggregate purchase price of $605,694,411.59 funded from corporate cash on hand.
- Shares were originally acquired by Emergent Fidelity Technologies, seized, and transferred to US custody.
- Transaction closed on August 31, 2023; approved by US District Court for SDNY.
- Board authorized pursuit of purchasing most or all of these shares, announced Feb 8, 2023.

## SEC filing metadata
- accession: 0001783879-23-000201
- form_type: 8-K
- ticker: HOOD
- cik: 0001783879
- company_name: Robinhood Markets, Inc.
- filed_at: 2023-09-01T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1783879/000178387923000201/0001783879-23-000201-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1783879/000178387923000201/hood-20230830.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001783879-23-000201
- JSON: https://secwatch.observer/filing/0001783879-23-000201.json
- Plain text: https://secwatch.observer/filing/0001783879-23-000201.txt

## Key facts
- Material Agreements
  Robinhood Markets, Inc. entered into Share Purchase Agreement with United States Marshal Service valued at $605,694,411.59 for 55,273,469 shares (effective 2023-08-30).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: United States Marshal Service
  - Value: $605,694,411.59 for 55,273,469 shares
  - Effective: 2023-08-30
  source text: On August 30, 2023, Robinhood Markets, Inc. (the “Company”) entered into a Share Purchase Agreement (the “Share Purchase Agreement”) with the United States Marshal Service (the "USMS"), for and on behalf of the United States, pursuant to which the Company agreed to purchase 55,273,469 shares of the Company's Class A common stock (the "Shares") from the USMS.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1783879/000178387923000201/0001783879-23-000201-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.