---
schema_version: "secwatch.filing_event.v1"
accession: "0001783879-24-000030"
form_type: "8-K"
ticker: "HOOD"
cik: "0001783879"
company_name: "Robinhood Markets, Inc."
filed_at: "2024-01-31T23:59:59+00:00"
generated_at: "2026-06-06T14:00:02.121764+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.15
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# Robinhood publishes Q4 2023 order routing reports under SEC Rule 606(a)

## Summary
- S&P 500 stocks: Virtu received 43% of non-directed orders, Citadel 29.79%, G1 Execution 14.06%, Jane Street 9.47%.
- PFOF from Citadel for S&P 500 market orders: $75,230.46 (48.0873 cents per 100 shares).
- Non-S&P 500 stocks top venues: Citadel 35.39%, Virtu 27.66%, Jane Street 26.15%, G1 Execution 5.80%.
- RHS passes 80% of venue payments to RHF under revenue-sharing agreement; certain order types excluded.
- Reports are unaudited and cover Q4 2023 (October–December 2023).

## SEC filing metadata
- accession: 0001783879-24-000030
- form_type: 8-K
- ticker: HOOD
- cik: 0001783879
- company_name: Robinhood Markets, Inc.
- filed_at: 2024-01-31T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.15
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1783879/000178387924000030/0001783879-24-000030-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1783879/000178387924000030/hood-20240131.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001783879-24-000030
- JSON: https://secwatch.observer/filing/0001783879-24-000030.json
- Plain text: https://secwatch.observer/filing/0001783879-24-000030.txt

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