{"schema_version":"secwatch.filing_event.v1","accession":"0001783879-25-000305","form_type":"8-K","ticker":"HOOD","cik":"0001783879","company_name":"Robinhood Markets, Inc.","filed_at":"2025-10-31T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.442921+00:00","generated_at":"2026-05-17T01:08:10.787136+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"other","sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"confidence":"high","headline":"Robinhood files Q3 2025 SEC Rule 606(a) order routing reports for broker-dealers","bullets":["Reports cover July 2025 S&P 500 and non-S&P 500 stock order routing for RHF and RHS.","Virtu Americas was top venue for S&P 500 non-directed orders at 52.9%; Citadel for non-S&P at 17.8%.","RHS passes 80% of payment-for-order-flow revenue to RHF under cost allocation agreement.","No other material financial or operational updates in this filing.","Data is unaudited and excludes fractional, dollar-based, and 24-hour market orders."],"urls":{"canonical":"https://secwatch.observer/filing/0001783879-25-000305","json":"https://secwatch.observer/filing/0001783879-25-000305.json","markdown":"https://secwatch.observer/filing/0001783879-25-000305.md","text":"https://secwatch.observer/filing/0001783879-25-000305.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1783879/000178387925000305/0001783879-25-000305-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1783879/000178387925000305/hood-20251031.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T01:08:10.787136+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"}