BlackRock discloses 7.1% stake in Block: 38,928,405 shares
BlackRock, Inc. filed Amendment No. 2 to a Schedule 13G reporting its beneficial ownership in Block, Inc. Class A stock.
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Rhea-AI Filing Summary
BlackRock, Inc. filed Amendment No. 2 to a Schedule 13G reporting its beneficial ownership in Block, Inc. Class A stock. BlackRock reported beneficial ownership of 38,928,405 shares, representing 7.1% of the class as of the stated event date. It reported sole voting power over 35,157,794 shares and sole dispositive power over 38,928,405 shares, with no shared voting or dispositive power.
The filing notes that various persons have rights to receive dividends or sale proceeds through managed accounts, but no single person has more than five percent of the outstanding common shares. BlackRock certified the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
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What did BlackRock report in its Schedule 13G/A about Block, Inc. (XYZ)?
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