{"schema_version":"secwatch.filing_event.v1","accession":"0001783879-23-000250","form_type":"8-K","ticker":"HOOD","cik":"0001783879","company_name":"Robinhood Markets, Inc.","filed_at":"2023-10-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.419514+00:00","generated_at":"2026-06-09T04:51:43.112092+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"confidence":"high","headline":"Robinhood files Q3 2023 Rule 606 reports showing Virtu received 53.7% of S&P 500 orders","bullets":["Virtu received 53.68% of S&P 500 non-directed orders; Citadel 23.10%; Jane Street 8.48%; G1 11.56%.","Total PFOF for S&P 500 market orders: Virtu $126K, Citadel $67K, Jane Street $50K, G1 $72K.","For non-S&P 500 stocks, Citadel received 38.19% of orders; Virtu 25.48%; Jane Street 25.27%.","RHS passes 80% of PFOF revenue to RHF under a revenue and cost allocation agreement.","Reports exclude orders for fractional shares, dollar-based orders, and certain recurring investment programs."],"urls":{"canonical":"https://secwatch.observer/filing/0001783879-23-000250","json":"https://secwatch.observer/filing/0001783879-23-000250.json","markdown":"https://secwatch.observer/filing/0001783879-23-000250.md","text":"https://secwatch.observer/filing/0001783879-23-000250.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1783879/000178387923000250/0001783879-23-000250-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1783879/000178387923000250/hood-20231031.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T04:51:43.112092+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"}