Cohen Stephen 4

What Happened Stephen Cohen, a Senior Managing Director at BlackRock, reported an open-market sale of 2,179 shares on February 11, 2026. The shares were sold at $1,073.87 each for a total transaction value of $2,339,963. This filing (Form 4) reports a sale (code S), which is a disposition of shares rather than a purchase.

Key Details

• Transaction date: 2026-02-11; Sale price: $1,073.87 per share
• Shares sold: 2,179; Total proceeds: $2,339,963
• Transaction type: Sale (open market/private sale as reported)
• Filing date: 2026-02-13 (filed within two business days of the trade)
• Shares owned after transaction: Not specified in the provided filing
• Footnote: F1 notes holdings include Common Stock and Restricted Stock Units (RSUs) that vest over 1–3 years; each RSU is settled in shares of Common Stock

Context Sales by executives are common and can be for many personal or tax-planning reasons; they do not by themselves indicate a change in company outlook. For retail investors, purchases are typically more informative about insider confidence, while reported sales are useful for tracking insider liquidity and timing.