Robinhood trade execution
If you had a Robinhood account between September 1, 2016, and September 1, 2018, and your market orders were filled at prices worse than the national best bid/offer — costing you more than $5 total — you're covered. If your Robinhood account is still active and in good standing, your share will be credited automatically. If your account is closed or not in good standing, you need to file a claim by July 13, 2026.
Approximately $17.60 per person after deductions from a $2 million settlement fund.
The settlement fund is $2 million. Based on plaintiff estimates, the average payout is $17.60 per person, but your actual amount depends on how much your trades were shortchanged compared to everyone else in the class.
Official site: forms.ksacms.com
Pending final court approval: you can file a claim now, but payments begin only after the court grants final approval (and any appeals conclude). Final approval is not guaranteed.
Who may qualify
U.S. Robinhood customers who placed market orders to buy or sell stocks between September 1, 2016, and September 1, 2018, where those orders were filled at prices worse than the national best bid or offer, and where the total shortfall across all such trades added up to more than $5.
Official eligibility wording
U.S. customers who placed qualifying equity trades between September 1, 2016 and September 1, 2018, where execution prices deviated unfavorably from the National Best Bid/Offer by more than $5.00 in aggregate.
This summary is based on available official settlement sources. The settlement administrator determines eligibility and payment approval.
New to the terms? Plain-English: claim deadline, proof of purchase, administrator, pro rata.
Important dates
- Claim deadline
- July 13, 2026
- Exclusion deadline
- March 30, 2026 (passed)
- Objection deadline
- March 30, 2026 (passed)
Proof requirements
Proof requirement is currently marked as Yes.
Review the official claim form before submitting any information.
What you need
If you have an active Robinhood account in good standing, no action is needed. Otherwise, file a claim at robinhoodorderflowsettlement.com by July 13, 2026. You'll likely need your Robinhood account details; specific proof requirements aren't listed, so the claim form itself will tell you exactly what's needed.
How to file this claim
- Confirm whether you still have an active Robinhood account — if yes, you will receive payment automatically with no action required.
- If your account is no longer active or you prefer a different payment method, visit the claim form URL and submit a completed claim form before the claim deadline.
- If you want to opt out and preserve your right to sue separately, submit an exclusion request; that deadline has already passed.
- Contact the Claims Administrator at 1-833-754-8881 or Kroll Settlement Administration LLC, P.O. Box 5324, New York, NY 10150-5324 with any questions.
Watch out for
- Active account holders who do nothing still receive automatic payment — filing a claim is only required for those without active accounts or who want an alternative payment method.
- The exclusion and objection deadlines have already passed, so opting out of this settlement is no longer possible.
- The specific fields and documentation required by the online claim form are not described in the available documents — visit the claim URL to see exactly what is requested.
We prepare — you file on the official site yourself. This is not legal advice and is not an eligibility decision; the administrator and court decide.
How do I file a claim for this settlement?
No claim form is needed — Kroll Settlement Administration LLC issues this refund automatically; confirm your eligibility and contact details on the official source.
- Check the official source to confirm you are within the eligible group — the settlement administrator determines eligibility.
- Make sure Kroll Settlement Administration LLC has your current mailing address or payment details if the official source provides a way to update them.
- No claim form is required for an automatic refund; you do not need to pay anyone or submit documents to receive it.
- Watch the payment status on this record and on the official source — payments begin only after the court or program process concludes.
New to settlement claims? How to file safely →
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How we verified this record
- Claim deadline the official settlement website · Jun 19, 2026
- Payout details the official settlement website · Jun 19, 2026
- Eligibility the official settlement website · Jun 19, 2026
- Proof requirement the official settlement website · Jun 19, 2026
- Administrator the official settlement website · Jun 19, 2026
- Court case the official settlement website · Jun 19, 2026
- Payment status the official settlement website · Jun 19, 2026
- Official claim link queued for re-check
Every published record clears our source-verification bar; remaining fields are checked one by one on our weekly re-verification pass.
Checked fields are matched against a named official source and re-checked on a schedule. We show the authority and the date, never our internal evidence link.
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Claim deadline
July 13, 2026
Verified Jun 19, 2026 · against the official settlement website
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Eligibility summary
U.S. customers who placed qualifying equity trades between September 1, 2016 and September 1, 2018, where execution prices deviated unfavorably from the National Best Bid/Offer by more than $5.00 in aggregate.
Verified Jun 19, 2026 · against the official settlement website
The settlement class includes U.S. customers who placed qualifying equity trades between September 1, 2016, and September 1, 2018, where execution prices deviated unfavorably from the National Best Bid/Offer by more than $5.00 in aggregate.
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Proof requirement
Yes
Verified Jun 19, 2026 · against the official settlement website
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Payment status
Final approval pending
Verified Jun 19, 2026 · against the official settlement website
Settlement Hearing: May 5, 2026, at 2:00 p.m.
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Estimated payout
Approximately $17.60 per person after deductions from a $2 million settlement fund.
Verified Jun 19, 2026 · against the official settlement website
Based on estimates, settlement class members anticipate receiving approximately $17.60 per person after deductions.
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Administrator
Kroll Settlement Administration LLC
Verified Jun 19, 2026 · against the official settlement website
Show all 9 more verified fields
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Objection deadline
March 30, 2026
Verified Jun 19, 2026 · against the official settlement website
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Opt-out deadline
March 30, 2026
Verified Jun 19, 2026 · against the official settlement website
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Automatic refund
Yes — automatic, no claim needed
Verified Jun 19, 2026 · against the official settlement website
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Class period start
September 1, 2016
Verified Jun 19, 2026 · against the official settlement website
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Class period end
September 1, 2018
Verified Jun 19, 2026 · against the official settlement website
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Court
U.S. District Court for the Northern District of California
Verified Jun 19, 2026 · against the official settlement website
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Court case number
4:20-cv-09328-YGR
Verified Jun 19, 2026 · against the official settlement website
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No-claim explanation
Active Robinhood account holders receive automatic pro rata distributions without filing a claim form.
Verified Jun 19, 2026 · against the official settlement website
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Case name
In re Robinhood Order Flow Litigation
Verified Jun 19, 2026 · against the official settlement website
This class action settlement concerns Robinhood Financial LLC, Robinhood Securities, LLC, and Robinhood Markets, Inc., filed in the U.S. District Court for the Northern District of California (Case No. 4:20-cv-09328-YGR).
Common questions
Is the Robinhood trade execution settlement legitimate?
Yes — the Robinhood trade execution settlement is a real claims process that SettleSignal tracks from its official source. It is administered by Kroll Settlement Administration LLC under case 4:20-cv-09328-YGR in U.S. District Court for the Northern District of California. File only through the official settlement website (www.robinhoodorderflowsettlement.com); a genuine settlement administrator never charges a fee to file. SettleSignal last checked this record against the official source on June 19, 2026. Always confirm the current details on the official site before filing.
Who may qualify for this settlement?
U.S. customers who placed qualifying equity trades between September 1, 2016 and September 1, 2018, where execution prices deviated unfavorably from the National Best Bid/Offer by more than $5.00 in aggregate.
What is the claim deadline?
The claim deadline is July 13, 2026. Confirm the current deadline on the official settlement source before filing.
Do I need proof to claim?
Proof requirement: Yes. The settlement administrator determines what documentation, if any, is required.
What is the current payment status?
Current payment status: Final approval pending. Payments are issued by the administrator after the court process concludes.
When will Robinhood trade execution pay out?
Current payment status: Final approval pending. Class-action payouts typically begin only after final approval and any appeals. See our payout timeline guide.
Where is the official Robinhood trade execution claim form?
No claim form is needed — Active Robinhood account holders receive automatic pro rata distributions without filing a claim form. Never pay a fee to claim a settlement payment.
How do I know if my trades qualify?
Your orders had to be market orders (not stop orders) placed during market hours between September 1, 2016, and September 1, 2018, and filled at a price worse than the best national bid or offer at the time. The total gap across all qualifying trades also has to exceed $5. If you're not sure, file a claim and let the administrator sort it out.
I still have a Robinhood account. Do I need to do anything?
No — active accounts in good standing will receive a credit automatically. The only reason to file a form is if you want the payment sent to a different bank account via ACH instead.
My Robinhood account is closed. What do I do?
You need to submit a claim form at robinhoodorderflowsettlement.com by July 13, 2026. Without a filed claim, you won't receive any payment and you'll give up your right to sue Robinhood over these issues.
How much will I actually get?
The estimate is an average of $17.60, but the actual amount depends on how large your individual trading shortfall was compared to the total shortfall across all claimants. These are estimates only.
Can I still opt out or object?
The opt-out and objection deadlines were March 30, 2026, and the fairness hearing was May 5, 2026 — both have passed. At this point, filing a claim by July 13, 2026, is the relevant action if you haven't already.
Where to act
When you are ready, you open the official claim form yourself. SettleSignal does not file claims or determine eligibility.
Active Robinhood account holders receive automatic pro rata distributions without filing a claim form.
Listed on the official settlement website (Kroll Settlement Administration LLC).
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Disclaimer
This service summarizes publicly available settlement information and links to official settlement sources. We are not a law firm, do not provide legal advice, do not submit claims on your behalf, and do not determine eligibility or payout approval. Only file a claim if the information you provide is accurate.
Change log
- June 19, 2026 — Settlement published after verification.
- June 19, 2026 — Verified field details updated from an official source.