BlackRock, Inc. (SMRT) discloses 5.9% beneficial ownership in SmartRent Class A stock
Rhea-AI Filing Summary
BlackRock, Inc. filed as an institutional owner of SmartRent, Inc. Class A stock. BlackRock reports beneficial ownership of 11,355,862 shares, representing 5.9% of the class. It has sole voting power over 11,248,590 shares and sole dispositive power over 11,355,862 shares, with no shared voting or dispositive power.
The filing explains that these holdings are attributed to certain BlackRock business units, and that various underlying persons may receive dividends or sale proceeds, but no single underlying holder has more than five percent of SmartRent’s outstanding common shares. The report is signed by a BlackRock managing director.
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Key Figures
Beneficial ownership: 11,355,862 shares
Percent of class: 5.9%
Sole voting power: 11,248,590 shares
+1 more
4 metrics
Beneficial ownership
11,355,862 shares
Class A stock beneficially owned by BlackRock, Inc.
Percent of class
5.9%
Percentage of SmartRent Class A stock beneficially owned
Sole voting power
11,248,590 shares
Shares over which BlackRock has sole power to vote
Sole dispositive power
11,355,862 shares
Shares over which BlackRock has sole power to dispose
Key Terms
beneficially owned, sole voting power, sole dispositive power, parent holding company
4 terms
beneficially owned financial
"reflects the securities beneficially owned, or deemed to be beneficially owned, by certain business units"
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 11,248,590.00"
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 11,355,862.00"
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.
parent holding company financial
"If a parent holding company has filed this schedule, pursuant to (ii)(G)"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What stake does BlackRock report in SmartRent, Inc. (SMRT)?
BlackRock reports beneficial ownership of 11,355,862 shares of SmartRent Class A stock, representing 5.9% of the outstanding class, according to the Schedule 13G. This reflects holdings of certain BlackRock business units.
How much voting power does BlackRock have in SmartRent (SMRT)?
BlackRock has sole voting power over 11,248,590 SmartRent shares and no shared voting power. This means only BlackRock’s reporting units can vote or direct votes for those shares.
Do other investors benefit from BlackRock’s SmartRent (SMRT) holdings?
Yes. The filing states that various persons have rights to receive dividends or sale proceeds from SmartRent shares held by BlackRock-related entities, but no one person exceeds five percent of SmartRent’s total outstanding common shares.
Which BlackRock units are included in the SmartRent (SMRT) Schedule 13G?
The Schedule 13G covers SmartRent shares beneficially owned by certain business units of BlackRock and its subsidiaries. It specifically excludes units whose ownership is disaggregated under SEC Release No. 34-39538.
Who signed the BlackRock Schedule 13G for SmartRent (SMRT)?
The SmartRent Schedule 13G is signed by Spencer Fleming, identified as a Managing Director of BlackRock, Inc. The filing also references a Power of Attorney as Exhibit 24.