{"schema_version":"secwatch.filing_event.v1","accession":"0001783879-26-000007","form_type":"8-K","ticker":"HOOD","cik":"0001783879","company_name":"Robinhood Markets, Inc.","filed_at":"2026-01-30T23:59:59+00:00","discovered_at":"2026-05-14T18:02:36.163494+00:00","generated_at":"2026-05-16T06:02:06.516238+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"regulatory","sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"confidence":"high","headline":"Robinhood releases Q4 2025 SEC Rule 606 order routing reports","bullets":["Reports cover October–December 2025 for Robinhood Financial and Robinhood Securities.","Virtu Americas received 46.3% of S&P 500 non-directed orders in October.","Citadel Securities paid $552k net for S&P 500 market orders in October.","Exhibits include detailed payment for order flow (PFOF) per venue and order type.","Unaudited reports provided without commentary; routine quarterly regulatory disclosure."],"urls":{"canonical":"https://secwatch.observer/filing/0001783879-26-000007","json":"https://secwatch.observer/filing/0001783879-26-000007.json","markdown":"https://secwatch.observer/filing/0001783879-26-000007.md","text":"https://secwatch.observer/filing/0001783879-26-000007.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1783879/000178387926000007/0001783879-26-000007-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1783879/000178387926000007/hood-20260130.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T06:02:06.516238+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"}