{"schema_version":"secwatch.filing_event.v1","accession":"0001783879-25-000097","form_type":"8-K","ticker":"HOOD","cik":"0001783879","company_name":"Robinhood Markets, Inc.","filed_at":"2025-03-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:04.841717+00:00","generated_at":"2026-05-24T05:56:03.172387+00:00","sec_items":["1.01","2.03","5.02","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Robinhood subsidiary upsizes credit facility to $2.65B, appoints Meta CRO Hegeman to board","bullets":["New $2.65B 364-day senior secured revolver replaces $2.25B facility; can expand by $1.325B to $3.975B.","Interest: Daily Simple SOFR + 0.10% floor plus margins 1.25% (Tranche A) or 2.50% (Tranches B & C); commitment fee 0.50%.","John Hegeman, Meta Chief Revenue Officer, appointed to board effective March 21, 2025; joins Safety, Risk and Regulatory Committee.","Board expanded from nine to ten directors; Hegeman's initial term ends at 2025 annual meeting.","Credit agreement requires minimum tangible net worth, excess net capital, and net capital to debit items ratio covenants."],"urls":{"canonical":"https://secwatch.observer/filing/0001783879-25-000097","json":"https://secwatch.observer/filing/0001783879-25-000097.json","markdown":"https://secwatch.observer/filing/0001783879-25-000097.md","text":"https://secwatch.observer/filing/0001783879-25-000097.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1783879/000178387925000097/0001783879-25-000097-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1783879/000178387925000097/hood-20250321.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T05:56:03.172387+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":[{"claim_id":"63f9443651","claim":"John Hegeman was appointed as Director at Robinhood Markets, Inc..","evidence_excerpt":"On March 21, 2025, the board of directors (the “Board”) of Robinhood appointed John Hegeman to the Board, effective immediately.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1783879/000178387925000097/0001783879-25-000097-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}