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Delcath Systems: BlackRock reports 6.3% stake

The report distinguishes voting power from dispositive power and excludes holdings attributed to other disaggregated BlackRock business units.

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Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

Form Type
SCHEDULE 13G

Rhea-AI Filing Summary

DELCATH SYSTEMS, INC. common stock was the subject of BlackRock Portfolio Management LLC’s report of beneficial ownership of 2,180,493 shares, or 6.3% of the class, as of September 30, 2026. The report lists sole voting power over 2,018,673 shares and sole dispositive power over 2,180,493 shares, with 0 shares of shared voting power and 0 shares of shared dispositive power.

The report reflects securities beneficially owned, or deemed beneficially owned, by certain BlackRock, Inc. business units and excludes holdings attributed to other disaggregated business units. Various persons have the right to receive or direct dividends or sale proceeds, but no one person’s interest exceeds 5% of the outstanding common shares.

Beneficial ownership 2,180,493 shares DELCATH SYSTEMS, INC. Common Stock, as of September 30, 2026
Percent of class 6.3% DELCATH SYSTEMS, INC. Common Stock, as of September 30, 2026
Sole voting power 2,018,673 shares As of September 30, 2026
Sole dispositive power 2,180,493 shares As of September 30, 2026
Shared voting power 0 shares As of September 30, 2026
Shared dispositive power 0 shares As of September 30, 2026
Beneficially owned financial
"Amount beneficially owned: 2180493"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Sole Voting Power financial
"Sole Voting Power 2,018,673.00"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
Sole Dispositive Power financial
"Sole Dispositive Power 2,180,493.00"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many DCTH shares did BlackRock Portfolio Management LLC report as beneficially owned?

BlackRock Portfolio Management LLC reported beneficial ownership of 2,180,493 shares of DELCATH SYSTEMS, INC. common stock, equal to 6.3% of the class, as of September 30, 2026.

What voting and dispositive power did BlackRock report over DCTH shares?

BlackRock Portfolio Management LLC reported sole voting power over 2,018,673 shares and sole dispositive power over 2,180,493 shares. It reported 0 shares of shared voting power and 0 shares of shared dispositive power.

Did any person have more than a 5% interest in the DCTH shares reported by BlackRock?

No. The report states that various persons have the right to receive or direct dividends or proceeds from sales of DELCATH SYSTEMS, INC. common stock, but no one person’s interest exceeds 5% of the outstanding common shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR Accepted by SEC EDGAR Learn about SEC filing dates





24661P807

(CUSIP Number)
09/30/2026

(Date of Event Which Requires Filing of this Statement)


Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)




schemaVersion:


SCHEDULE 13G





SCHEDULE 13G



BlackRock Portfolio Management LLC
Signature:Spencer Fleming
Name/Title:Managing Director
Date:10/27/2026
Exhibit Information

Exhibit 24: Power of Attorney Exhibit 99: Item 7

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