Goldstein Robert L. 4

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.