Keros Therapeutics Schedule 13G reports that BlackRock, Inc. beneficially owned 1,990,842 shares of common stock, representing 10.1% of the class as of 03/31/2026. The filing attributes ownership to certain Reporting Business Units of BlackRock and shows 1,960,306 shares with sole voting power.
The filing states that various persons may have rights to dividends or sale proceeds and that no single outside person holds more than 5% separately. The filing is signed by a BlackRock managing director on 04/07/2026.
Positive
None.
Negative
None.
Insights
BlackRock reports a sizable passive stake of 10.1% in Keros (as of 03/31/2026).
BlackRock's Schedule 13G lists 1,990,842 shares beneficially owned by Reporting Business Units, with 1,960,306 shares carrying sole voting power. The statement follows the passive-investor disclosure route consistent with 13G reporting standards.
Actual trading intentions and any block-sell timing are not described; subsequent filings could clarify if the position becomes active or crosses thresholds that change reporting status.
This filing documents a governance-relevant holding but does not assert control or activism.
The filing notes sole voting power for 1,960,306 shares and sole dispositive power for 1,990,842 shares. It also includes a standard disclosure that various persons may hold dividend or sale rights, without identifying any >5% third party.
Watch for any Schedule 13D or Form 13F amendments that would indicate a change in intent or a move toward active engagement.
Key Figures
Beneficially owned shares:1,990,842 sharesPercent of class:10.1%Sole voting power:1,960,306 shares+1 more
4 metrics
Beneficially owned shares1,990,842 sharesas of 03/31/2026
Percent of class10.1%as of 03/31/2026
Sole voting power1,960,306 sharesreported on Schedule 13G
Sole dispositive power1,990,842 sharesreported on Schedule 13G
Key Terms
Schedule 13G, beneficially owned, sole dispositive power
3 terms
Schedule 13Gregulatory
"In accordance with SEC Release No. 34-39538 (January 12, 1998), this reflects"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
beneficially ownedfinancial
"Amount beneficially owned: 1990842 (b) Percent of class: 10.1 %"
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 dispositive powergovernance
"Sole power to dispose or to direct the disposition of: 1990842"
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.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Keros Therapeutics, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
492327101
(CUSIP Number)
03/31/2026
(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
CUSIP Number(s):
492327101
1
Names of Reporting Persons
BlackRock, Inc.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
1,960,306.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
1,990,842.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,990,842.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
10.1 %
12
Type of Reporting Person (See Instructions)
HC
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Keros Therapeutics, Inc.
(b)
Address of issuer's principal executive offices:
1050 WALTHAM STREET, SUITE 302 LEXINGTON MA 02421
Item 2.
(a)
Name of person filing:
BlackRock, Inc.
In accordance with SEC Release No. 34-39538 (January 12, 1998), this Schedule 13G reflects the securities beneficially owned, or deemed to be beneficially owned, by certain business units (collectively, the "Reporting Business Units") of BlackRock, Inc. and its subsidiaries and affiliates. It does not include securities, if any, beneficially owned by other business units whose beneficial ownership of securities are disaggregated from that of the Reporting Business Units in accordance with such release.
(b)
Address or principal business office or, if none, residence:
BlackRock, Inc., 50 Hudson Yards New York, NY 10001
(c)
Citizenship:
See Item 4 of Cover Page
(d)
Title of class of securities:
Common Stock
(e)
CUSIP Number(s):
492327101
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
1990842
(b)
Percent of class:
10.1 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
1960306
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct the disposition of:
1990842
(iv) Shared power to dispose or to direct the disposition of:
0
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
Various persons have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the common stock of Keros Therapeutics, Inc.. No one person's interest in the common stock of Keros Therapeutics, Inc. is more than five percent of the total outstanding common shares.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
See Exhibit 99
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
BlackRock beneficially owned 1,990,842 shares, representing 10.1% of the class as of 03/31/2026. The filing attributes the position to Reporting Business Units of BlackRock and lists sole voting power on 1,960,306 shares.
Is BlackRock an activist owner of Keros (KROS)?
No. The filing is a Schedule 13G, indicating passive ownership rather than active intent. It states holdings are reported by Reporting Business Units and does not describe plans for control or activism.
Who has voting and dispositive power over the shares?
The filing reports 1,960,306 shares with sole voting power and 1,990,842 shares with sole dispositive power as of 03/31/2026. Shared voting and dispositive powers are reported as 0.
Does the filing name other persons with >5% interest?
No. The filing says various persons have rights to dividends or proceeds but states no one person's interest exceeds 5% of the outstanding common shares. Beneficial owners of >5% are not identified.
What dates anchor the reported ownership?
The ownership position is stated as of 03/31/2026, and the Schedule 13G was signed on 04/07/2026. Those dates are the time anchors for the reported share counts and percentages.
