BlackRock (BLK) executive Kushel exercises options and sells 20,000 shares

Rhea-AI Filing Summary

BlackRock Senior Managing Director J. Richard Kushel reported an option exercise and share sale in BlackRock, Inc. common stock. On January 21, 2026, he exercised 20,000 employee stock options at an exercise price of $513.5 per share, receiving the same number of common shares. On the same date, he sold 20,000 common shares at a price of $1,125 per share.

After these transactions, Kushel directly beneficially owned 61,894.34 shares of BlackRock common stock, a figure that includes restricted stock units that vest over 1 to 3 years. He also reported additional indirect holdings through various family trusts, including shares held "By Family Trust" and by the Kushel Family 2011 Dynasty Trust and the Kushel Family 2018 Trust.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Kushel J. Richard

(Last) (First) (Middle)

BLACKROCK, INC.

50 HUDSON YARDS

(Street)

NEW YORK NY 10001

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BlackRock, Inc. [ BLK ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Senior Managing Director

3. Date of Earliest Transaction (Month/Day/Year)
01/21/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Shares Of Common Stock (par Value $0.01 Per Share)	01/21/2026		M		20,000	A	$513.5	81,894.34(1)	D
Shares Of Common Stock (par Value $0.01 Per Share)	01/21/2026		S		20,000	D	$1,125	61,894.34(1)	D
Shares Of Common Stock (par Value $0.01 Per Share)								26,153	I	By Family Trust
Shares Of Common Stock (par Value $0.01 Per Share)								1,000	I	By Family Trust
Shares Of Common Stock (par Value $0.01 Per Share)								1,000	I	By Family Trust
Shares Of Common Stock (par Value $0.01 Per Share)								47,305	I	By The Kushel Family 2011 Dynasty Trust
Shares Of Common Stock (par Value $0.01 Per Share)								3,720	I	By The Kushel Family 2018 Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (Right to Buy)	$513.5	01/21/2026		M			20,000	(2)	12/04/2026	Common Stock	20,000	$0	0	D

Explanation of Responses:

1. Includes Common Stock as well as Restricted Stock Units that will vest over a period of 1 to 3 years. Each Restricted Stock Unit is payable solely by delivery of an equal number of shares of Common Stock.

2. These options vested in equal installments on December 4, 2022, December 4, 2023 and December 4, 2024.

	/s/ R. Andrew Dickson III as Attorney-in-Fact for J. Richard Kushel	01/23/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did J. Richard Kushel report at BlackRock (BLK)?

J. Richard Kushel, a Senior Managing Director at BlackRock, reported exercising 20,000 employee stock options and selling 20,000 shares of BlackRock common stock on January 21, 2026.

At what prices did Kushel exercise and sell his BlackRock (BLK) shares?

Kushel exercised 20,000 employee stock options at an exercise price of $513.5 per share and sold 20,000 common shares at a price of $1,125 per share.

How many BlackRock (BLK) shares does Kushel own directly after this Form 4?

Following the reported transactions, Kushel directly beneficially owned 61,894.34 shares of BlackRock common stock, including restricted stock units that vest over 1 to 3 years.

What are the indirect holdings reported for Kushel in BlackRock (BLK) stock?

Kushel reported indirect ownership of BlackRock common stock through family-related entities, including shares held "By Family Trust", and by the Kushel Family 2011 Dynasty Trust and the Kushel Family 2018 Trust, each with separately listed share amounts.

What does the employee stock option transaction mean in Kushel's BlackRock (BLK) filing?

The Form 4 shows an Employee Stock Option (Right to Buy) for 20,000 shares with an exercise price of $513.5. These options vested in equal installments on December 4, 2022, December 4, 2023 and December 4, 2024, and were exercised on January 21, 2026.

Do Kushel's reported holdings in BlackRock (BLK) include restricted stock units?

Yes. A footnote states that the reported direct holdings include common stock as well as restricted stock units that will vest over a period of 1 to 3 years, each payable in an equal number of common shares.