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, 2025 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 June 30, 2026, the Company made the following purchases of its common stock, which is registered pursuant to Section 12(b) of the Exchange Act.


	Total Number of Shares Purchased(1)		Average Price Paid per Share		TotalNumber of Shares Purchased as Part of Publicly AnnouncedPlans or Programs		Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs(1)
April 1, 2026 through April 30, 2026		152,183	$	1,050.18		151,112		8,681,203
May 1, 2026 through May 31, 2026		253,608	$	1,070.00		247,183		8,434,020
June 1, 2026 through June 30, 2026		29,833	$	1,019.16		25,858		8,408,162
Total		435,624	$	1,059.60		424,153

(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 2026, 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 9.2 million shares of BlackRock common stock.

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