Robinhood Markets, Inc. - Form 8-K Filing

Robinhood Markets, Inc. announced a reduction in force impacting approximately 10% of its full-time employees and closing several open roles. This decision, made from a position of business strength with record daily trading volumes, is intended to maintain a high-performance culture and streamline operations. The company estimates incurring approximately $20 million in cash restructuring and related charges for severance and benefits, plus approximately $8 million for share-based compensation, expecting to recognize these in the second quarter of 2026. Any material changes or additional costs will be disclosed via an amendment to this report. The filing also includes a cautionary note regarding forward-looking statements and potential risks.