---
schema_version: "secwatch.filing_event.v1"
accession: "0001783879-26-000077"
form_type: "8-K"
ticker: "HOOD"
cik: "0001783879"
company_name: "Robinhood Markets, Inc."
filed_at: "2026-06-25T21:25:27+00:00"
generated_at: "2026-06-25T21:28:15.582994+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Robinhood closes $2.2B zero-coupon convertible note offering; repurchases $290M in stock

## Summary
- Issued $2.2B aggregate principal of 0.00% convertible senior notes due 2029 in private placement.
- Initial conversion price ~$174.42/share, a 65% premium over June 22, 2026 closing price.
- Used ~$290M of net proceeds to repurchase 2.743M shares at $105.71/share.
- Entered capped calls with initial cap ~$237.85/share; no net dilution expected until share price exceeds ~$237.85.
- After factoring share repurchase, no net dilution until share price exceeds $303.95 (154% above closing).

## SEC filing metadata
- accession: 0001783879-26-000077
- form_type: 8-K
- ticker: HOOD
- cik: 0001783879
- company_name: Robinhood Markets, Inc.
- filed_at: 2026-06-25T21:25:27+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1783879/000178387926000077/0001783879-26-000077-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1783879/000178387926000077/hood-20260622.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001783879-26-000077
- JSON: https://secwatch.observer/filing/0001783879-26-000077.json
- Plain text: https://secwatch.observer/filing/0001783879-26-000077.txt

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