Robinhood Files 8-K for Regulation FD Disclosure
Ticker: HOOD · Form: 8-K · Filed: May 28, 2024 · CIK: 1783879
| Field | Detail |
|---|---|
| Company | Robinhood Markets, INC. (HOOD) |
| Form Type | 8-K |
| Filed Date | May 28, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.0001, $1 billion |
| Sentiment | neutral |
Sentiment: neutral
Topics: disclosure, regulation-fd
Related Tickers: HOOD
TL;DR
Robinhood filed an 8-K for a Reg FD disclosure - no specific details yet.
AI Summary
Robinhood Markets, Inc. filed an 8-K on May 28, 2024, to report a Regulation FD Disclosure. The filing does not contain specific financial figures or transaction details but serves as a notification of information being disclosed under Regulation Fair Disclosure.
Why It Matters
This filing indicates Robinhood is making a public disclosure under Regulation FD, ensuring all investors receive the same material information simultaneously.
Risk Assessment
Risk Level: low — The filing is a standard procedural disclosure and does not contain information that inherently increases risk.
Key Players & Entities
- Robinhood Markets, Inc. (company) — Registrant
- May 28, 2024 (date) — Date of Report
- Regulation FD (regulation) — Disclosure Type
FAQ
What specific information is being disclosed under Regulation FD?
The provided text of the 8-K filing does not specify the exact details of the Regulation FD disclosure, only that one is being made.
When was this 8-K filing submitted?
The filing was submitted on May 28, 2024.
What is the primary purpose of this 8-K filing?
The primary purpose is to report a Regulation FD Disclosure, ensuring simultaneous dissemination of material information to all investors.
What is Robinhood Markets, Inc.'s principal executive office address?
The principal executive offices are located at 85 Willow Road, Menlo Park, CA 94025.
What is the Commission File Number for Robinhood Markets, Inc.?
The Commission File Number is 001-40691.
Filing Stats: 1,138 words · 5 min read · ~4 pages · Grade level 13.6 · Accepted 2024-05-28 16:06:09
Key Financial Figures
- $0.0001 — which registered Class A Common Stock, $0.0001 par value per share HOOD The Nasdaq Sto
- $1 billion — orizing the Company to repurchase up to $1 billion of its outstanding Class A common stock
Filing Documents
- hood-20240528.htm (8-K) — 43KB
- exhibit991-blogpostdated.htm (EX-99.1) — 4KB
- exhibit991-blogpostdated001.jpg (GRAPHIC) — 129KB
- exhibit991-blogpostdated002.jpg (GRAPHIC) — 155KB
- 0001783879-24-000156.txt ( ) — 563KB
- hood-20240528.xsd (EX-101.SCH) — 2KB
- hood-20240528_lab.xml (EX-101.LAB) — 21KB
- hood-20240528_pre.xml (EX-101.PRE) — 12KB
- hood-20240528_htm.xml (XML) — 3KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. On May 28, 2024, Robinhood Markets, Inc. (the "Company" or "Robinhood") announced that its board of directors approved a share repurchase program (the "Repurchase Program") authorizing the Company to repurchase up to $1 billion of its outstanding Class A common stock. While the Repurchase Program does not have an expiration date, the Company's management currently expects to conduct the Repurchase Program over a period of two to three years, beginning in the third quarter of 2024. The timing and amount of repurchase transactions will be determined by the Company from time to time at its discretion based on its evaluation of market conditions, share price, and other factors, and repurchase transactions may be made using a variety of methods, such as open market share repurchases, including the use of trading plans intended to qualify under Rule 10b5-1 under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or other financial arrangements or transactions. The Repurchase Program does not obligate the Company to acquire any particular amount of Class A common stock, and the Repurchase Program may be suspended or discontinued at any time at the Company's discretion. A copy of a blog post announcing the approval of the Repurchase Program is furnished as Exhibit 99.1 to this report and is incorporated herein by reference into this Item 7.01. Robinhood uses the "Overview" tab of its Investor Relations website (accessible at investors.robinhood.com/overview) and its Newsroom (accessible at newsroom.aboutrobinhood.com), as means of disclosing information to the public in a broad, non-exclusionary manner for purposes of the U.S. Securities and Exchange Commission's ("SEC") Regulation Fair Disclosure (Reg. FD). Investors should routinely monitor those web pages, in addition to Robinhood's press releases, SEC filings, and public conference calls and webcasts, as information posted on them could be deemed to be mater
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 99.1 Blog post dated May 28, 2024 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Robinhood Markets, Inc. Date: May 28, 2024 By: /s/ Jason Warnick Name: Jason Warnick Title: Chief Financial Officer