Robinhood Files 8-K for Regulation FD Disclosure

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

From the Filing

0001783879-24-000156.txt : 20240528 0001783879-24-000156.hdr.sgml : 20240528 20240528160609 ACCESSION NUMBER: 0001783879-24-000156 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20240528 ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20240528 DATE AS OF CHANGE: 20240528 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Robinhood Markets, Inc. CENTRAL INDEX KEY: 0001783879 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 09 Crypto Assets IRS NUMBER: 464364776 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-40691 FILM NUMBER: 24991766 BUSINESS ADDRESS: STREET 1: 85 WILLOW ROAD CITY: MENLO PARK STATE: CA ZIP: 94025 BUSINESS PHONE: 844-428-5411 MAIL ADDRESS: STREET 1: 85 WILLOW ROAD CITY: MENLO PARK STATE: CA ZIP: 94025 8-K 1 hood-20240528.htm 8-K hood-20240528 0001783879 FALSE 0001783879 2023-08-02 2023-08-02 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549   FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 28, 2024 Robinhood Markets, Inc. (Exact name of registrant as specified in its charter)           Delaware   001-40691   46-4364776           (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.)           85 Willow Road Menlo Park , CA 94025 (Address of principal executive offices) (Zip Code) ( 844 ) 428-5411 (Registrant’s telephone number, including area code) not applicable (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)       ☐   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)       ☐   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))       ☐   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Class A Common Stock, $0.0001 par value per share HOOD The Nasdaq Stock Market LLC Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).           Emerging growth company   ☐       If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.   ☐ 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 ti