filings.toolsItem 1A. Risk Factors
3K characters. Original on sec.gov ·
Item 1A. Risk Factors
In addition to the other information set forth in this report, the risks discussed in BlackRock's Annual Report on Form 10-K for the year ended December 31, 2024 could materially affect our business, financial condition, operating results and nonoperating results.
Item 2. Unregistered Sales of Eq****uity Securities and Use of Proceeds
During the three months ended September 30, 2025, the Company made the following purchases of its common stock, which is registered pursuant to Section 12(b) of the Exchange Act, and Class B-2 Common Units ("Subco Units") of a consolidated subsidiary, BlackRock Saturn Subco, LLC.
| Total Number of Shares Purchased**(1)** | Total Number of Subco Units Purchased**(1)(2)** | Average Price Paid per Share and Subco Unit | TotalNumber of Shares and Subco Units Purchased as Part of Publicly AnnouncedPlans or Programs | Maximum Number of Shares orSubco Units that May Yet Be Purchased Under the Plans or Programs(1) | ||||||||||||||||
| July 1, 2025 through July 31, 2025 | 4,745 | 115,949 | $ | 1,106.42 | 115,949 | 2,929,526 | ||||||||||||||
| August 1, 2025 through August 31, 2025 | 2,844 | 199,203 | $ | 1,129.23 | 199,203 | 2,730,323 | ||||||||||||||
| September 1, 2025 through September 30, 2025 | 1,750 | 19,408 | $ | 1,105.98 | 19,408 | 2,710,915 | ||||||||||||||
| Total | 9,339 | 334,560 | $ | 1,119.79 | 334,560 |
(1)
Consists of purchases of common stock made by the Company primarily to satisfy income tax withholding obligations of employees and members of the Company’s Board of Directors related to the vesting of certain restricted stock unit awards and purchases of common stock and/or Subco Units made by the Company pursuant to the share repurchase plan. The Company announced its share repurchase plan in July 2010, which initially authorized the repurchase of 5.1 million shares with no stated expiration. In January 2023, the Company announced that the Board of Directors authorized the repurchase of an additional seven million shares under the Company’s existing share repurchase program, for a total of up to approximately 7.9 million shares of BlackRock common stock.
(2)
The Subco Units repurchased by the Company during the three months ended September 30, 2025 were exchangeable into an equal number of shares of the Company’s common stock.
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