Dividend timing linked; adjustment amount not checked
Recorded change: Sep 21, 2026, 12:20 AM UTC
A contract event links the ratio change to the dividend’s timing. The amount has not been checked.
Stock-price exposure represented by one token
The ratio converts token units into equivalent stock-price exposure. A change in this ratio does not change your token count or make you a shareholder.
This dated document review describes published terms. It does not verify reserves or establish an individual holder’s eligibility.
Cash redemption
Sell in the secondary market or submit through an authorised participant when one is available.
Redemption terms and conditions
Direct redemption with Robinhood Assets (Jersey) is available only when no authorised participant is available or the issuer publishes a notice allowing it, and remains subject to identity, anti-money-laundering, sanctions, and other checks.
Cash value is based on the underlying market value and can be reduced by the applicable investor fee, execution costs, taxes, and other adjustments in the series terms.
Announced, not live
Redemption into shares
Robinhood leadership has announced redemption into shares as a roadmap item. The current prospectus still requires cash settlement and excludes physical delivery of the underlying share.
Shareholder voting
Robinhood leadership has announced voting for eligible Stock Token holders as a roadmap item. The current prospectus still gives token holders no voting right, and no operating eligibility or voting process is documented yet.
Limits of this document review
Series-specific final terms, jurisdiction, investor eligibility, and fees can change the result for an individual holder.
A listed redemption option does not show that the service is available.
StonkParty does not verify custody balances, legal title to collateral, or an individual holder claim.
Published backing and custody disclosures
Robinhood names a custodian and an independent reserve-verification agent. Naming these parties is a disclosure, not evidence that StonkParty has verified the reserves.
Named broker and custodian
Alpaca Securities LLC
Named verification agent
Security Agent Services AG
The prospectus says reserve-verification reports will be published on the issuer website within three months of its financial year-end.
No reserve-verification report was located in the issuer pages reviewed on 15 September 2026. The applicable financial year-end is not established here, so no overdue-report conclusion is made. A report would establish only its stated date, series, scope and exceptions, including any substitute collateral for lent securities.
Amount comparisonDividend timing linked; adjustment amount not checked
The token adjustment was observed before the scheduled process date. Its calculation does not establish completed settlement or a payment to an individual holder.
Trading activity and past trade-cost simulations provide context alongside the corporate-action research.
Each test simulates buying this token with the stated USD amount and immediately selling it back. Compare money recovered and buy-and-sell cost at the recorded time.
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The last recorded activity and trade-cost test will appear here.
Reference bid–ask · USD per XLK tokenLoading price…Reading Robinhood’s price referenceRobinhood’s share-price reference × shares represented per token. This reference is not a trading quote.
Trade counts, transfers and test amountsRecorded trades · 24hLoading…A complete 24-hour count is not available.Token transfers · 24hLoading…A complete 24-hour count is not available.
A round trip simulates buying the token and selling it back on the tested path. Returned cash is measured before network fees; it is not an investment return. Past tests are not executable quotes. Transfers are not necessarily trades or unique holders.
THE RECORDED CHANGES
Shares-per-token history
History scanned through block 97,151,471
A recorded ratio change shows what the contract announced. Explaining its cause requires the corresponding company and issuer records.
≈ 1 → ≈ 1.000804Effective Sep 21, 2026, 12:20 AM UTCRecorded in block 68,357,795 · Sep 21, 2026, 12:11 AM UTCInspect transaction 0xf4e850…c9dba4 ↗Exact ratios, block and source details
Confirmed multiplier announcement from the complete-universe finalized historical scan.
Exact records
Exact shares-per-token ratio1.000804404520428861
One token represents approximately 1.000804 shares of price exposure. Dividends and splits can change this ratio without changing the token count. This is Robinhood’s reported ratio, not a custody verification.
These observations preserve what the source returned at a stated time. Unfinalized blocks can change; a saved observation is not independent verification of the issuer.