[Form 4] Blackrock, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Form 4 highlights: Director Fabrizio Freda reported two open-market sales of BlackRock (BLK) common stock on 24-Jul-2025.

• 598 shares sold at a weighted-average $1,122.1621, leaving 7,342 shares.
• 3,836 shares sold at a weighted-average $1,122.9109, leaving 3,506 shares.

In total, 4,434 shares were disposed of; no derivative securities were involved. Following the transactions, Freda’s direct ownership fell from 7,940 to 3,506 shares—an approximate 56% reduction in her stake. The filing gives weighted-average prices and notes the trades were executed across multiple lots inside the disclosed ranges. No purchases, option exercises or other insider activity were reported, and there is no indication of additional reporting persons. Insider sales of this magnitude can signal profit-taking or personal liquidity needs, but the form provides no commentary on motive.

Positive

• None.

Negative

• Director sold 4,434 BLK shares, cutting personal stake by ~56%
• No insider purchases or option exercises offset the selling pressure

Insights

Securities Analyst

TL;DR: Director sold 4,434 BLK shares (≈56% of stake) at ~$1,123, lowering holdings to 3,506—moderately negative signal.

The sizeable reduction suggests the director is monetising a majority position, which can be interpreted as reduced confidence or portfolio rebalancing. While absolute value (~$5 m) is modest relative to BLK’s market cap, percentage of personal holding is material. No offsetting purchases or option exercises temper the perception. Short-term sentiment is slightly bearish, but single insider actions seldom change long-term outlook.

Corporate Governance Expert

TL;DR: Large insider sale without accompanying rationale raises governance watchpoints.

An over-50% stake reduction by a board member warrants monitoring, especially ahead of earnings or strategic events. Absence of a 10b5-1 footnote means trades were likely discretionary. Investors should track subsequent filings for pattern confirmation; isolated sales are common, but repeated disposals could indicate shifting board alignment with shareholder interests.

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).

1. Name and Address of Reporting Person^*

Freda Fabrizio

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
07/24/2025

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
Common Stock	07/24/2025		S		598	D	$1,122.1621(1)	7,342	D
Common Stock	07/24/2025		S		3,836	D	$1,122.9109(2)	3,506	D

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

Explanation of Responses:

1. This transaction was executed in multiple trades at prices ranging from $1,121.56 to $1,122.51. The price reported represents the weighted average sale price of these trades. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price.

2. This transaction was executed in multiple trades at prices ranging from $1,122.68 to $1,123.51. The price reported represents the weighted average sale price of these trades. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price.

	/s/ R. Andrew Dickson III as Attorney-in-Fact for Fabrizio Freda	07/25/2025
	** 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

How many BlackRock (BLK) shares did Fabrizio Freda sell?

4,434 common shares were sold on 24-Jul-2025.

What price range were the BLK shares sold at?

Weighted-average prices were $1,121.56–$1,123.51 per share, disclosed in two tranches.

How many BLK shares does Fabrizio Freda now own?

Post-sale, the director directly owns 3,506 shares.

Were any derivative securities involved in this Form 4?

No. Only common stock transactions were reported; Table II is empty.

When did the insider transactions occur?

Both sales took place on 24-Jul-2025 and were reported on 25-Jul-2025.