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BLKBlackRock · Insider ownership research

BlackRock insiders sold $206M in the past 12 months. How much of their stake is that?

About 6.9% overall. As a group they still hold 97% of their starting shares. The biggest seller whose stake can be measured, Laurence Fink, gave up 14% of starting holdings. These figures leave out Adebayo Ogunlesi, the largest holder (holdings couldn't be fully reconciled).

Updated Oct 8, 2026 from SEC filings · covers Oct 9, 2025 to Oct 8, 2026
How this comparesMore of their stake sold than at 199 of the 311 other companies we can measure (#113 of 312)See ranking
0
buyers among officers and directors, past 12 months
0%
of sales were under disclosed trading plans, past 12 months
8 of 28
officers and directors sold shares, past 12 months
Recent activity · past 30 days, Sep 9, 2026 to Oct 8, 2026

No officer or director trades were reported for the past 30 days. The most recent before that:

Jul 21, 2026Laurence Fink gave away 7.9K shares as a gift. That is 3.5% of the total stake held that day.
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Laurence Fink
Chairman and CEO, Director
7,852n/a3.5%216KJul 21, 2026Jul 22, 2026

"% of total stake" is the shares in this event against all the vested shares the person held that day, across every share class and holding entity, after that day's vesting. "n/a" means the person's holdings don't reconcile, or the row is a purchase. "Holdings record incomplete" means more shares were sold than the filings show the person held that day, so a percentage would be wrong.

Is this normal? Not enough history to compare: fewer than three earlier years of filings. Year by year
Latest filing: Filed Oct 2 for a stock award on Sep 30. William Ford received an award of 34 shares. Filing
99 SEC ownership filings in the period · See the evidence

What stands out

Two officers sold more than 25% of vested holdings: Rachel Lord (62% of holdings, $14.0M, none under a disclosed plan) and Stephen Cohen (54% of holdings, $2.6M, none under a disclosed plan).Rachel Lord: largest sale, Oct 20, 2025 · Stephen Cohen: largest sale, Feb 11, 2026
Six officers sold $190M with no disclosed plan: Robert Goldstein ($64.7M), Laurence Fink ($37.7M, 14% of holdings) and Martin Small ($33.0M), plus 3 more. The filings don't state a reason.Robert Goldstein: largest such sale, Feb 10, 2026 · Laurence Fink: largest such sale, Apr 28, 2026 · Martin Small: largest such sale, Jan 16, 2026
Richard Kushel sold 22K shares (16% of starting holdings), but 27K more shares were added, so the stake grew (from 141K to 141K).Largest sale, Jan 21, 2026

Percentages cover 23 of 28 officers and directors. 5 are left out

i
Left out: Adebayo Ogunlesi (holdings couldn't be fully reconciled); Robert Goldstein, Christopher Meade and Martin Small (most of their shares vested during the period, so a percentage would mislead); Gregg Lemkau (held no vested shares at the start).
Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Each bar is the insider's vested stake at the start of the period (Oct 8, 2025). The gold part is what they sold.

SoldRest of starting stakeAdded during the period
Robert Goldstein
Chief Operating Officer
Sold 48% of the shares held or received (after tax withholding) during the period†. No bar against the starting stake: most of these shares arrived during the period.
$64.7MNo plan disclosed
Laurence Fink
Chairman and CEO, Director
14% · $37.7MNo plan disclosed
Martin Small
CFO & Senior Managing Director
Sold 70% of the shares held or received (after tax withholding) during the period†. No bar against the starting stake: most of these shares arrived during the period.
$33.0MNo plan disclosed
Richard Kushel
Senior Managing Director
Sold 16%, but 20K shares were added (mostly vesting), so the stake grew
16% · $25.1MNo plan disclosed
Christopher Meade
General Counsel and CLO
Sold 56% of the shares held or received (after tax withholding) during the period†. No bar against the starting stake: most of these shares arrived during the period.
$19.9MNo plan disclosed
All 8 sellers

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

Disclosed planTo cover taxesNo plan disclosed
Oct 2025: $14.0M no plan disclosedOctNovDec 2025: $1.3M no plan disclosedDecJan 2026: $54.2M no plan disclosedJanFeb 2026: $69.8M no plan disclosed$69.8MFebMarApr 2026: $44.8M no plan disclosedAprMayJunJul 2026: $22.0M no plan disclosedJulAugSepOct

Common questions

Is the BlackRock CEO selling stock?

Yes. Laurence Fink sold 36K shares ($37.7M, 14% of starting holdings) in the past 12 months, none of it under a trading plan disclosed in the filings.

Why are BlackRock insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 0% of sales by value ran under 10b5-1 trading plans disclosed in the filings and 100% had no disclosed plan. A trading plan schedules sales in advance.

Are any BlackRock insiders buying?

No. Officers and directors reported no purchases in the past 12 months.

How much of their stake did BlackRock insiders sell?

About 6.9% overall. As a group they still hold 97% of their starting shares. The biggest seller whose stake can be measured, Laurence Fink, gave up 14% of starting holdings. These figures leave out Adebayo Ogunlesi, the largest holder (holdings couldn't be fully reconciled). That covers the 12 months to Oct 8, 2026 and counts vested shares reported on SEC Forms 3, 4 and 5, which is not an insider's whole wealth.

The evidence

Who sold8 officers and directors: amount, % of holdings, trading plan
Who soldAmount% of holdingsTrading plan
Robert Goldstein
Chief Operating Officer
$64.7M
59K shares
48%†
i
† Most of the shares Robert Goldstein sold arrived during the period, so this is shares sold as a share of the 54K held at the start plus the 76K received, less 6.6K withheld by the company for taxes.
No plan disclosed
Laurence Fink
Chairman and CEO, Director
$37.7M
36K shares
14%No plan disclosed
Martin Small
CFO & Senior Managing Director
$33.0M
28K shares
70%†
i
† Most of the shares Martin Small sold arrived during the period, so this is shares sold as a share of the 7.5K held at the start plus the 37K received, less 3.8K withheld by the company for taxes.
No plan disclosed
Richard Kushel
Senior Managing Director
$25.1M
22K shares
16%No plan disclosed
Christopher Meade
General Counsel and CLO
$19.9M
18K shares
56%†
i
† Most of the shares Christopher Meade sold arrived during the period, so this is shares sold as a share of the 9.9K held at the start plus the 26K received, less 3.5K withheld by the company for taxes.
No plan disclosed
Rachel Lord
Senior Managing Director
$14.0M
12K shares
62%No plan disclosed
Robert Kapito
President, Director
$9.2M
8.7K shares
4.2%No plan disclosed
Stephen Cohen
Senior Managing Director
$2.6M
2.4K shares
54%No plan disclosed
The full ownership picture27 of 28 insiders fully reconciled · 28 officers and directors

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

InsiderHeld Oct 8, 2025SoldHeld Oct 8, 2026Still held
Adebayo Ogunlesi
!
Holdings couldn't be fully reconciled. Balance changed with no matching transaction and no footnote: +1,366,957 shares on Dec 2, 2025 (Direct). See the filing Sales and other transactions for Adebayo Ogunlesi are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Adebayo Ogunlesi
0shares vested or exercised
−29Kgifted (net of own trusts)
none reportedunvested awards, start → end

Holdings couldn't be fully reconciled. Balance changed with no matching transaction and no footnote: +1,366,957 shares on Dec 2, 2025 (Direct). The balances below are as reported, not verified totals.

Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock01,338,407
New Global Infrastructure Management Participation 1, L.P. and Global Infrastructure Management Participation 2, LLC for the benefit of the reporting person andCommon Stock1,366,9571,366,957
Ogunlesi Investment Partners LLCCommon Stock455,652455,652
Raynham I LLCCommon Stock317317
Ogunlesi 2011 Investment TrustCommon Stock101101
Susan Wagner
Director
428K0428Kno sales
Vesting, gifts, unvested awards and holding lines for Susan Wagner
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectShares Of Common Stock (par Value $0.01 Per Share)427,757427,971
Laurence Fink
i
Includes unvested RSUs, amount not disclosed.
Chairman and CEO, Director
252K−36K216K86%
Vesting, gifts, unvested awards and holding lines for Laurence Fink
0shares vested or exercised
−13Kgifted (net of own trusts)
−14Kwithheld by the company for taxes
none reportedunvested awards, start → end
  • Includes unvested RSUs, amount not disclosed.
Held throughShare classOct 8, 2025Oct 8, 2026
Direct
includes unvested RSUs, amount not disclosed
Shares Of Common Stock (par Value $0.01 Per Share)251,697215,979
Robert Kapito
i
Includes unvested RSUs, amount not disclosed.
President, Director
210K−8.7K210K99.9%
Vesting, gifts, unvested awards and holding lines for Robert Kapito
0shares vested or exercised
−1Kgifted (net of own trusts)
−11Kwithheld by the company for taxes
none reportedunvested awards, start → end
  • Includes unvested RSUs, amount not disclosed.
Held throughShare classOct 8, 2025Oct 8, 2026
Direct
includes unvested RSUs, amount not disclosed
Shares Of Common Stock (par Value $0.01 Per Share)210,324210,186
Richard Kushel
i
Minor difference of -1,718 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer). Includes unvested RSUs, amount not disclosed.
Senior Managing Director
141K−22K141K+0.2%
Vesting, gifts, unvested awards and holding lines for Richard Kushel
+20Kshares vested or exercised
0gifted (net of own trusts)
−4.2Kwithheld by the company for taxes
none reportedunvested awards, start → end
  • Includes unvested RSUs, amount not disclosed.
Held throughShare classOct 8, 2025Oct 8, 2026
Direct
includes unvested RSUs, amount not disclosed
Shares Of Common Stock (par Value $0.01 Per Share)61,36961,980
Kushel Family 2011 Dynasty TrustShares Of Common Stock (par Value $0.01 Per Share)47,30547,305
Family TrustShares Of Common Stock (par Value $0.01 Per Share)28,15328,153
Kushel Family 2018 TrustShares Of Common Stock (par Value $0.01 Per Share)3,7203,335

Reconciliation: minor difference of -1,718 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

Robert Goldstein
i
Minor difference of 180 shares. Difference is under 0.5% of holdings. Includes unvested RSUs, amount not disclosed.
Chief Operating Officer
54K−59K56Knot meaningful
Vesting, gifts, unvested awards and holding lines for Robert Goldstein
+54Kshares vested or exercised
0gifted (net of own trusts)
−6.6Kwithheld by the company for taxes
none reportedunvested awards, start → end
  • Includes unvested RSUs, amount not disclosed.
Held throughShare classOct 8, 2025Oct 8, 2026
Direct
includes unvested RSUs, amount not disclosed
Shares Of Common Stock (par Value $0.01 Per Share)44,33037,551
2022 Family TrustShares Of Common Stock (par Value $0.01 Per Share)9,4359,435
2026 Family TrustShares Of Common Stock (par Value $0.01 Per Share)08,634

Reconciliation: minor difference of 180 shares. Difference is under 0.5% of holdings.

Murry Gerber
Director
43K043Kno sales
Vesting, gifts, unvested awards and holding lines for Murry Gerber
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectShares Of Common Stock (par Value $0.01 Per Share)42,89843,112
Rachel Lord
i
Includes unvested RSUs, amount not disclosed.
Senior Managing Director
19K−12K13K68%
Vesting, gifts, unvested awards and holding lines for Rachel Lord
0shares vested or exercised
0gifted (net of own trusts)
−2.8Kwithheld by the company for taxes
none reportedunvested awards, start → end
  • Includes unvested RSUs, amount not disclosed.
Held throughShare classOct 8, 2025Oct 8, 2026
Direct
includes unvested RSUs, amount not disclosed
Common Stock19,20513,065
William Ford
Director
16K017Kno sales
Vesting, gifts, unvested awards and holding lines for William Ford
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock16,38616,743
Manish Mehta
i
Includes unvested RSUs, amount not disclosed. Started reporting during the period; starting holdings are from the Form 3.
Senior Managing Director
11K011Kno sales
Vesting, gifts, unvested awards and holding lines for Manish Mehta
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
  • Includes unvested RSUs, amount not disclosed.
  • Started reporting during the period; starting holdings are from the Form 3.
Held throughShare classOct 8, 2025Oct 8, 2026
Direct
includes unvested RSUs, amount not disclosed
Common Stock11,03011,030
Christopher Meade
i
Includes unvested RSUs, amount not disclosed.
General Counsel and CLO
9.9K−18K14Knot meaningful
Vesting, gifts, unvested awards and holding lines for Christopher Meade
+18Kshares vested or exercised
0gifted (net of own trusts)
−3.5Kwithheld by the company for taxes
none reportedunvested awards, start → end
  • Includes unvested RSUs, amount not disclosed.
Held throughShare classOct 8, 2025Oct 8, 2026
Direct
includes unvested RSUs, amount not disclosed
Common Stock9,85914,059
Martin Small
i
Includes unvested RSUs, amount not disclosed.
CFO & Senior Managing Director
7.5K−28K12Knot meaningful
Vesting, gifts, unvested awards and holding lines for Martin Small
+27Kshares vested or exercised
0gifted (net of own trusts)
−3.8Kwithheld by the company for taxes
none reportedunvested awards, start → end
  • Includes unvested RSUs, amount not disclosed.
Held throughShare classOct 8, 2025Oct 8, 2026
Direct
includes unvested RSUs, amount not disclosed
Common Stock7,46712,093
Marc Comerchero
i
Includes unvested RSUs, amount not disclosed.
Principal Accounting Officer
6.3K07Kno sales
Vesting, gifts, unvested awards and holding lines for Marc Comerchero
0shares vested or exercised
0gifted (net of own trusts)
−558withheld by the company for taxes
none reportedunvested awards, start → end
  • Includes unvested RSUs, amount not disclosed.
Held throughShare classOct 8, 2025Oct 8, 2026
Direct
includes unvested RSUs, amount not disclosed
Common Stock6,2957,016
Pamela Daley
Director
6.2K06.5Kno sales
Vesting, gifts, unvested awards and holding lines for Pamela Daley
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock6,1836,530
Cheryl Mills
Director
5.7K05.9Kno sales
Vesting, gifts, unvested awards and holding lines for Cheryl Mills
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock5,7285,942
Charles Robbins
Director
5.7K06Kno sales
Vesting, gifts, unvested awards and holding lines for Charles Robbins
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock2,8332,833
DirectShares Of Common Stock (par Value $0.01 Per Share)2,8203,148
Gordon Nixon
Director
5.3K05.6Kno sales
Vesting, gifts, unvested awards and holding lines for Gordon Nixon
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock5,2755,632
Stephen Cohen
i
Includes unvested RSUs, amount not disclosed.
Senior Managing Director
4.5K−2.4K5.7K+26%
Vesting, gifts, unvested awards and holding lines for Stephen Cohen
0shares vested or exercised
−657gifted (net of own trusts)
−2.1Kwithheld by the company for taxes
none reportedunvested awards, start → end
  • Includes unvested RSUs, amount not disclosed.
Held throughShare classOct 8, 2025Oct 8, 2026
Direct
includes unvested RSUs, amount not disclosed
Shares Of Common Stock (par Value $0.01 Per Share)4,4905,661
Margaret Johnson
Director
3.8K04.2Kno sales
Vesting, gifts, unvested awards and holding lines for Margaret Johnson
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock2,1342,067
Family TrustCommon Stock1,7152,134
Fabrizio Freda
Director
3.5K03.8Kno sales
Vesting, gifts, unvested awards and holding lines for Fabrizio Freda
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock3,5303,822
Hans Vestberg
Director
3.3K03.6Kno sales
Vesting, gifts, unvested awards and holding lines for Hans Vestberg
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock1,4441,444
DirectShares Of Common Stock (par Value $0.01 Per Share)1,8292,181
Kristin Peck
Director
3.1K03.5Kno sales
Vesting, gifts, unvested awards and holding lines for Kristin Peck
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock1,3861,386
DirectShares Of Common Stock (par Value $0.01 Per Share)1,7502,092
Mark Wilson
Director
3.1K03.3Kno sales
Vesting, gifts, unvested awards and holding lines for Mark Wilson
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock3,0803,294
Caroline Heller
i
Includes unvested RSUs, amount not disclosed.
Senior Managing Director
2.9K04Kno sales
Vesting, gifts, unvested awards and holding lines for Caroline Heller
0shares vested or exercised
0gifted (net of own trusts)
−740withheld by the company for taxes
none reportedunvested awards, start → end
  • Includes unvested RSUs, amount not disclosed.
Held throughShare classOct 8, 2025Oct 8, 2026
Direct
includes unvested RSUs, amount not disclosed
Common Stock2,9284,011
Amin Nasser
Director
1.4K01.7Kno sales
Vesting, gifts, unvested awards and holding lines for Amin Nasser
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock457457
Family TrustCommon Stock142142
DirectShares Of Common Stock (par Value $0.01 Per Share)8171,145
Kathleen Murphy
Director
5140878no sales
Vesting, gifts, unvested awards and holding lines for Kathleen Murphy
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectShares Of Common Stock (par Value $0.01 Per Share)446810
Murphy 2024 Family TrustShares Of Common Stock (par Value $0.01 Per Share)5353
SonShares Of Common Stock (par Value $0.01 Per Share)1010
Murphy 2019 Descendants' TrustShares Of Common Stock (par Value $0.01 Per Share)55
Gregory Fleming
Director
2560470no sales
Vesting, gifts, unvested awards and holding lines for Gregory Fleming
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectShares Of Common Stock (par Value $0.01 Per Share)256470
Gregg Lemkau
i
Started reporting during the period; starting holdings are from the Form 3.
Director
00311no sales
Vesting, gifts, unvested awards and holding lines for Gregg Lemkau
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
  • Started reporting during the period; starting holdings are from the Form 3.
Held throughShare classOct 8, 2025Oct 8, 2026
DirectShares Of Common Stock (par Value $0.01 Per Share)0311

27 of 28 insiders fully reconciled: starting holdings plus reported transactions match ending holdings (25 exactly, 2 with a minor or footnoted difference). For 1 we show sales but not holdings; the ! icon on that row explains why. Percentages cover 23 of 28 officers and directors. Left out: Adebayo Ogunlesi (holdings couldn't be fully reconciled); Robert Goldstein, Christopher Meade and Martin Small (most of their shares vested during the period, so a percentage would mislead); Gregg Lemkau (held no vested shares at the start). "Still held" compares ending with starting vested shares; a plus sign means the holding grew.

What explains the selling$206M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $206M across 187,216 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

No plan disclosed · $206M

Sales with no 10b5-1 plan and no tax reference in the filing. $64.7M of it is Robert Goldstein. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: Richard Kushel, Jan 21, 2026

Taxes

49,406 shares ($55.3M) were withheld by the company for taxes, which isn't a market sale.

SellerShares soldProceedsUnder a disclosed planShare of totalSales dates
Robert Goldstein
Chief Operating Officer
59K$64.7M0%31%Feb 10, 2026 to Feb 11, 2026
Laurence Fink
Chairman and CEO, Director
36K$37.7M0%18%Apr 28, 2026 to Jul 16, 2026
Martin Small
CFO & Senior Managing Director
28K$33.0M0%16%Dec 1, 2025 to Jan 16, 2026
Richard Kushel
Senior Managing Director
22K$25.1M0%12%Jan 21, 2026 to Feb 24, 2026
Christopher Meade
General Counsel and CLO
18K$19.9M0%10%Jul 16, 2026 to Jul 16, 2026
Rachel Lord
Senior Managing Director
12K$14.0M0%7%Oct 20, 2025 to Oct 20, 2025
Robert Kapito
President, Director
8.7K$9.2M0%4%Apr 27, 2026 to Apr 27, 2026
Stephen Cohen
Senior Managing Director
2.4K$2.6M0%1%Feb 11, 2026 to Feb 23, 2026

Sales by month

MonthSale proceedsDisclosed planTo cover taxesNo plan disclosed
Oct 2025$14.0M$0$0$14.0M
Nov 2025$0$0$0$0
Dec 2025$1.3M$0$0$1.3M
Jan 2026$54.2M$0$0$54.2M
Feb 2026$69.8M$0$0$69.8M
Mar 2026$0$0$0$0
Apr 2026$44.8M$0$0$44.8M
May 2026$0$0$0$0
Jun 2026$0$0$0$0
Jul 2026$22.0M$0$0$22.0M
Aug 2026$0$0$0$0
Sep 2026$0$0$0$0
Oct 2026$0$0$0$0
Is this normal? Selling year by yearNot enough history to compare

Not enough history to compare: fewer than three earlier years of filings.

12 months endingShares soldInsiders who soldProceeds
Oct 8, 2026
Latest 12 months
187K8$206M
Oct 8, 2025
1 year earlier
272K7$285M
Oct 8, 2024
2 years earlier · filings don't cover the whole year
n/an/an/a
Oct 9, 2023
3 years earlier · filings don't cover the whole year
n/an/an/a
Oct 9, 2022
4 years earlier · filings don't cover the whole year
n/an/an/a
Oct 9, 2021
5 years earlier · filings don't cover the whole year
n/an/an/a

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertainty1 insider whose holdings couldn't be fully reconciled

Adebayo Ogunlesi: holdings couldn't be fully reconciled (difference of 1,366,957 shares). Balance changed with no matching transaction and no footnote: +1,366,957 shares on Dec 2, 2025 (Direct). Filing, Dec 2, 2025

Richard Kushel: minor difference of -1,718 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

Robert Goldstein: minor difference of 180 shares. Difference is under 0.5% of holdings.

Inferred rename: "New Global Infrastructure Management Participation 1, L.P. and Global Infrastructure Management Participation 2, LLC for the benefit of Ogunlesi Investment Partners LLC" is treated as the same holder as "Ogunlesi Investment Partners LLC", because the old name was never reported again and the new one opened with the same balance (455,652 shares). Old name, new name

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology210 filings from SEC EDGAR, and how we read them

All 210 Forms 3, 4 and 5 filed for BlackRock (SEC CIK 2012383) from Oct 2, 2024 to Oct 2, 2026, retrieved from SEC EDGAR on Oct 8, 2026. Prices are the ones reported in each filing, often weighted averages. 16 filings were left out because BlackRock filed them as an owner of another company's stock.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (2)No filing in 18 months; last reported balances, not in any total
NameLast filedLast reported balance
Domit SlimApr 2, 202514,142 shares, last reported balance as of Mar 31, 2025
Mark WiedmanDec 6, 20246,480 shares, last reported balance as of Dec 6, 2024