Form 8-K · Current Report · Filed 2026-06-30
BlackRock Registers Shares for SubCo Unit Redemptions Post-HPS Acquisition
On June 30, 2026, BlackRock, Inc. filed a prospectus supplement to register up to 12,035,866 shares of its common stock for issuance to holders of Class B-2 membership units of BlackRock Saturn Subco, LLC. These shares are issuable upon redemption of SubCo Units, which were issued as part of the consideration for the acquisition of HPS Investment Partners on July 1, 2025. The redemption can occur at certain times following the one-year anniversary of the HPS Transaction closing, either for one share of common stock per SubCo Unit or a cash settlement amount. The Company may elect to perform the redemption obligations through direct exchanges for common stock. The filing also includes a legal opinion on the validity of the shares.
- Filer
- BlackRock Inc. BLK · NYSE
- Filed
- Accession
- 0001193125-26-290830
- CIK
- 0002012383
- Signal
- High impactFinancial Services
- Source
- Official filing on sec.gov ↗
Items reported
Reported Item
Market reaction
Close before filing
$950.17
Next session
+3.2%
Since filing
+14.8%
Latest close
$1,090.39
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from BLK reporting the same item, with the next session's move:
Insider tape
Within 45 days of this filing, BLK insiders reported 18 Form 4 transactions — net selling of $12.7M.
About BlackRock Inc.
BlackRock Inc. is a global investment management corporation renowned for its comprehensive array of investment and advisory services. Founded in 1988, the firm has emerged as one of the world's largest asset managers, with trillions of dollars under management. BlackRock's primary function is to provide investment solutions to an extensive client base, including individuals, corporations, governments, and foundations. The corporation is notable for its expansive suite of offerings, which encompass mutual funds, exchange-traded funds (ETFs), and other associated investment vehicles. Its iShares product line represents one of the most significant ETF platforms worldwide, influencing both retail and institutional sectors across diverse markets. The firm's technological innovation, epitomized by its Aladdin platform, integrates risk management, advisory services, and enterprise investment systems, thereby enhancing decision-making and investment efficiency. BlackRock plays a pivotal role in the financial market, impacting capital flows and investment trends globally, while also engaging with crucial aspects like environmental, social, and governance (ESG) criteria, increasingly shaping corporate practices and investor expectations.
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