BlackRock, Inc. (NASDAQ: OPBK) discloses 5.5% beneficial stake in OP Bancorp
Rhea-AI Filing Summary
BlackRock, Inc. reported its holdings of OP Bancorp common stock on a Schedule 13G, disclosing beneficial ownership of 825,500 shares, representing 5.5% of the class. BlackRock has sole voting power over 813,138 shares and sole dispositive power over 825,500 shares, with no shared voting or dispositive power. Various underlying clients have rights to dividends and sale proceeds, but no single client holds more than five percent of OP Bancorp’s outstanding common shares.
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Key Figures
Beneficial ownership: 825,500 shares
Percent of class: 5.5%
Sole voting power: 813,138 shares
+1 more
4 metrics
Beneficial ownership
825,500 shares
Shares of OP Bancorp common stock beneficially owned by BlackRock, Inc.
Percent of class
5.5%
Percentage of OP Bancorp common stock class beneficially owned by BlackRock, Inc.
Sole voting power
813,138 shares
OP Bancorp shares over which BlackRock, Inc. has sole power to vote
Sole dispositive power
825,500 shares
OP Bancorp shares over which BlackRock, Inc. has sole power to dispose
Key Terms
beneficially owned, Sole Voting Power, Sole Dispositive Power, Schedule 13G, +1 more
5 terms
beneficially owned financial
"this reflects the securities beneficially owned, or deemed to be beneficially owned"
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
"5 | Sole Voting Power 813,138.00 6 | Shared Voting Power 0.00"
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
"7 | Sole Dispositive Power 825,500.00 8 | Shared Dispositive Power 0.00"
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.
Schedule 13G regulatory
"In accordance with SEC Release No. 34-39538 this reflects the securities"
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.
Power of Attorney regulatory
"Exhibit 24: Power of Attorney Exhibit 99: Item 7"
A power of attorney is a legal document that allows one person to make decisions and act on behalf of another person, often in financial or legal matters. It’s like giving someone a trusted helper or agent the authority to handle important tasks if you are unable to do so yourself. This matters to investors because it can impact how their assets are managed or transferred if they become unable to oversee their affairs.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What percentage of OPBK common stock does BlackRock, Inc. report owning?
BlackRock, Inc. reports beneficial ownership of 5.5% of OP Bancorp’s common stock. This stake is based on 825,500 shares of OP Bancorp common stock identified as beneficially owned in the Schedule 13G filing.
What voting power does BlackRock, Inc. have over its OPBK holdings?
BlackRock, Inc. has sole voting power over 813,138 OP Bancorp shares and no shared voting power. The filing also shows sole dispositive power over 825,500 shares, with no shared dispositive power reported.
What is the CUSIP number and class of securities reported for OPBK?
The filing covers OP Bancorp Common Stock with CUSIP number 67109R109. BlackRock, Inc. reports its beneficial ownership and related voting and dispositive powers with respect to this specific class of securities.