---
schema_version: "secwatch.filing_event.v1"
accession: "0001783879-26-000074"
form_type: "8-K"
ticker: "HOOD"
cik: "0001783879"
company_name: "Robinhood Markets, Inc."
filed_at: "2026-06-23T10:04:43+00:00"
generated_at: "2026-06-23T10:10:32.910962+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Robinhood prices $2B zero-coupon convertible notes due 2029; ~$290M for share buybacks

## Summary
- Priced $2.0B aggregate principal of 0.00% convertible senior notes due Oct 1, 2029; initial purchasers have $200M greenshoe option.
- Initial conversion price of $174.42/share (~65% premium over last sale); capped call cap price $237.85/share (~125% premium).
- Net proceeds ~$1,971.8M; uses: ~$290M concurrent share repurchase, $112M for capped call costs, remainder general corporate.
- Notes convertible upon specified conditions; redeemable after July 1, 2028 if stock >=120% of conversion price for 20 of 30 trading days.
- Offering expected to close June 25, 2026; capped calls reduce dilution on conversion up to the cap price.

## SEC filing metadata
- accession: 0001783879-26-000074
- form_type: 8-K
- ticker: HOOD
- cik: 0001783879
- company_name: Robinhood Markets, Inc.
- filed_at: 2026-06-23T10:04:43+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1783879/000178387926000074/0001783879-26-000074-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1783879/000178387926000074/hood-20260622.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001783879-26-000074
- JSON: https://secwatch.observer/filing/0001783879-26-000074.json
- Plain text: https://secwatch.observer/filing/0001783879-26-000074.txt

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