• Robinhood launched a private placement of USD 2 billion convertible senior notes due Oct. 1, 2029, sold under Rule 144A to qualified institutional buyers.
• Up to USD 200 million more notes available via an initial purchasers’ option for settlement within 13 days of first issuance.
• About USD 300 million of proceeds earmarked for Class A share repurchases, with additional buybacks planned under its existing program.
• Part of proceeds to fund capped call transactions designed to limit dilution up to a targeted 125% premium to the pricing-day share price.
• Conversions to be settled in cash up to principal, with any excess in cash, shares, or a mix at Robinhood’s election.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Robinhood Markets Inc. published the original content used to generate this news brief on June 22, 2026, and is solely responsible for the information contained therein.