Kushel J. Richard 4

What Happened

• Kushel J. Richard, Senior Managing Director at BlackRock, sold a total of 2,385 shares in two open-market transactions on February 24, 2026. The sales were: 385 shares at $1,084.91 for $417,690, and 2,000 shares at $1,083.05 for $2,166,100 — total proceeds ≈ $2,583,790.
• These were sales (S), which are often routine insider cashing-out transactions and do not by themselves indicate company outlook.

Key Details

• Transaction dates & prices:
  • 2026-02-24: 385 shares @ $1,084.91 = $417,690
  • 2026-02-24: 2,000 shares @ $1,083.05 = $2,166,100
• Total shares sold: 2,385; total proceeds: ~$2,583,790.
• Filing: Report filed 2026-02-26 for trades on 2026-02-24 (filed within two business days — timely based on the provided dates).
• Shares owned after transaction: Not specified in the provided excerpt — check the full Form 4 for post-transaction holdings.
• Footnote: F1 indicates reported holdings include both Common Stock and Restricted Stock Units (RSUs) that vest over 1–3 years; each RSU is payable in one share of Common Stock when it vests.

Context

• Sales are routine for insiders for diversification, tax or personal-liquidity reasons; they are less informative than purchases as signals of insider conviction.
• The footnote about RSUs means some of the insider’s reported ownership may reflect unvested awards that will convert to shares later — these are not newly purchased shares.