Goldstein Robert L. 4
4 · BlackRock, Inc. · Filed Feb 12, 2026
Research Summary
AI-generated summary of this filing
BlackRock COO Robert Goldstein Exercises Options, Sells Shares
What Happened
Robert L. Goldstein, Chief Operating Officer of BlackRock (BLK), exercised options on Feb 10, 2026, acquiring 54,190 shares at a strike price of $513.50 for a total cost of $27,826,565. Following the exercise he conducted multiple open‑market sales on Feb 10–11, 2026, disposing of 59,483 shares at prices roughly between $1,082 and $1,092 per share for aggregate gross proceeds of approximately $64,658,977. The Form 4 also shows a derivative disposition of 54,190 shares at $0.00, which typically reflects shares surrendered/withheld in connection with the exercise (e.g., to cover taxes or option costs).
Key Details
- Transaction dates: Feb 10–11, 2026. Filing date: Feb 12, 2026 (filed timely).
- Exercise: 54,190 shares at $513.50 each = $27,826,565 (code M).
- Market sales: 59,483 shares sold in multiple trades; weighted average sale prices ranged ≈ $1,082.35–$1,092.00 depending on the trade; total proceeds ≈ $64,658,977.
- Filing footnotes note multiple‑trade weighted averages for several sale blocks and that reported holdings include Common Stock and Restricted Stock Units (F1).
- Shares owned after the transactions are not specified in the summary data provided in this prompt.
Context
- This was an exercise of derivative awards followed by open‑market sales — a common cashless or liquidity approach for insiders exercising options or receiving vested RSUs. The separate line showing a disposition of 54,190 derivative shares at $0.00 is consistent with shares being withheld or surrendered to satisfy exercise/tax obligations.
- Sales are routine disclosures of liquidity; they are factual events and do not by themselves indicate the insider’s view of the company’s prospects.
Insider Transaction Report
Form 4
Goldstein Robert L.
Chief Operating Officer
Transactions
- Exercise/Conversion
Shares Of Common Stock (par Value $0.01 Per Share)
[F1]2026-02-10$513.50/sh+54,190$27,826,565→ 105,668.44 total - Sale
Shares Of Common Stock (par Value $0.01 Per Share)
[F2][F1]2026-02-10$1084.06/sh−3,839$4,161,709→ 101,829.44 total - Sale
Shares Of Common Stock (par Value $0.01 Per Share)
[F3][F1]2026-02-10$1085.10/sh−5,924$6,428,155→ 95,905.44 total - Sale
Shares Of Common Stock (par Value $0.01 Per Share)
[F4][F1]2026-02-10$1085.97/sh−8,992$9,765,030→ 86,913.44 total - Sale
Shares Of Common Stock (par Value $0.01 Per Share)
[F5][F1]2026-02-10$1087.05/sh−5,608$6,096,186→ 81,305.44 total - Sale
Shares Of Common Stock (par Value $0.01 Per Share)
[F6][F1]2026-02-10$1088.00/sh−18,046$19,634,068→ 63,259.44 total - Sale
Shares Of Common Stock (par Value $0.01 Per Share)
[F7][F1]2026-02-10$1089.00/sh−8,708$9,482,983→ 54,551.44 total - Sale
Shares Of Common Stock (par Value $0.01 Per Share)
[F8][F1]2026-02-10$1089.93/sh−1,215$1,324,266→ 53,336.44 total - Sale
Shares Of Common Stock (par Value $0.01 Per Share)
[F9][F1]2026-02-10$1091.34/sh−1,740$1,898,935→ 51,596.44 total - Sale
Shares Of Common Stock (par Value $0.01 Per Share)
[F10][F1]2026-02-10$1092.00/sh−118$128,856→ 51,478.44 total - Sale
Shares Of Common Stock (par Value $0.01 Per Share)
[F11][F1]2026-02-11$1083.11/sh−2,364$2,560,468→ 49,114.44 total - Sale
Shares Of Common Stock (par Value $0.01 Per Share)
[F12][F1]2026-02-11$1083.96/sh−911$987,485→ 48,203.44 total - Sale
Shares Of Common Stock (par Value $0.01 Per Share)
[F13][F1]2026-02-11$1085.09/sh−478$518,675→ 47,725.44 total - Sale
Shares Of Common Stock (par Value $0.01 Per Share)
[F14][F1]2026-02-11$1085.82/sh−1,540$1,672,161→ 46,185.44 total - Exercise/Conversion
Employee Stock Option (Right to Buy)
[F15]2026-02-10−54,190→ 0 totalExercise: $513.50Exp: 2026-12-04→ Common Stock (54,190 underlying)
Holdings
- 9,435(indirect: By Trust)
Shares Of Common Stock (par Value $0.01 Per Share)
Footnotes (15)
- [F1]Includes Common Stock as well as Restricted Stock Units that will vest over a period of 1 to 3 years. Each Restricted Stock Unit is payable solely by delivery of an equal number of shares of Common Stock.
- [F10]This transaction was executed in multiple trades at prices ranging from $1,091.99 to $1,092.00. The price reported represents the weighted average sale price of these trades. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price.
- [F11]This transaction was executed in multiple trades at prices ranging from $1,082.35 to $1,083.35. The price reported represents the weighted average sale price of these trades. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price.
- [F12]This transaction was executed in multiple trades at prices ranging from $1,083.38 to $1,084.37. The price reported represents the weighted average sale price of these trades. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price.
- [F13]This transaction was executed in multiple trades at prices ranging from $1,084.53 to $1,085.51. The price reported represents the weighted average sale price of these trades. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price.
- [F14]This transaction was executed in multiple trades at prices ranging from $1,085.55 to $1,086.35. The price reported represents the weighted average sale price of these trades. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price.
- [F15]These options vested in equal installments on December 4, 2022, December 4, 2023 and December 4, 2024.
- [F2]This transaction was executed in multiple trades at prices ranging from $1,083.52 to $1,084.52. The price reported represents the weighted average sale price of these trades. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price.
- [F3]This transaction was executed in multiple trades at prices ranging from $1,084.58 to $1,085.57. The price reported represents the weighted average sale price of these trades. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price.
- [F4]This transaction was executed in multiple trades at prices ranging from $1,085.58 to $1,086.58. The price reported represents the weighted average sale price of these trades. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price.
- [F5]This transaction was executed in multiple trades at prices ranging from $1,086.60 to $1,087.59. The price reported represents the weighted average sale price of these trades. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price.
- [F6]This transaction was executed in multiple trades at prices ranging from $1,087.60 to $1,088.60. The price reported represents the weighted average sale price of these trades. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price.
- [F7]This transaction was executed in multiple trades at prices ranging from $1,088.61 to $1,089.59. The price reported represents the weighted average sale price of these trades. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price.
- [F8]This transaction was executed in multiple trades at prices ranging from $1,089.64 to $1,090.61. The price reported represents the weighted average sale price of these trades. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price.
- [F9]This transaction was executed in multiple trades at prices ranging from $1,090.93 to $1,091.92. The price reported represents the weighted average sale price of these trades. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price.
Signature
/s/ R. Andrew Dickson III as Attorney-in-Fact for Robert L. Goldstein|2026-02-12