---
schema_version: "secwatch.filing_event.v1"
accession: "0001783879-24-000125"
form_type: "8-K"
ticker: "HOOD"
cik: "0001783879"
company_name: "Robinhood Markets, Inc."
filed_at: "2024-04-30T23:59:59+00:00"
generated_at: "2026-06-03T04:37:32.677762+00:00"
event_type: "regulatory"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.2
confidence: "high"
source: SEC EDGAR
---

# Robinhood releases Q1 2024 SEC Rule 606(a) order routing reports for broker-dealer subsidiaries.

## Summary
- Robinhood Financial LLC and Robinhood Securities LLC filed Q1 2024 SEC Rule 606(a) order routing reports.
- Citadel Securities received largest share of S&P 500 non-directed orders at 43.99%.
- RHS passes 80% of payment for order flow revenue received from venues to RHF.
- Reports exclude fractional-share, dollar-based, and certain automated orders as 'not held'.
- This is a routine quarterly regulatory filing with no material impact on financial results.

## SEC filing metadata
- accession: 0001783879-24-000125
- form_type: 8-K
- ticker: HOOD
- cik: 0001783879
- company_name: Robinhood Markets, Inc.
- filed_at: 2024-04-30T23:59:59+00:00
- event_type: regulatory
- sentiment: neutral
- materiality_score: 0.2
- calibrated_materiality_score: 0.2
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1783879/000178387924000125/0001783879-24-000125-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1783879/000178387924000125/hood-20240430.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001783879-24-000125
- JSON: https://secwatch.observer/filing/0001783879-24-000125.json
- Plain text: https://secwatch.observer/filing/0001783879-24-000125.txt

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