BlackRock, Inc. — Director's Dealing 2025

Jul 26, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BlackRock, Inc. (BLK)
CIK: 0002012383
Period of Report: 2025-07-25

Reporting Person: Lord Rachel (Senior Managing Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-07-25	Common Stock	M	18036	$513.50	Acquired	37241	Direct
2025-07-25	Common Stock	S	6437	$1123.3479	Disposed	30804	Direct
2025-07-25	Common Stock	S	2476	$1124.5604	Disposed	28328	Direct
2025-07-25	Common Stock	S	900	$1125.5294	Disposed	27428	Direct
2025-07-25	Common Stock	S	2407	$1126.8217	Disposed	25021	Direct
2025-07-25	Common Stock	S	4041	$1127.5537	Disposed	20980	Direct
2025-07-25	Common Stock	S	946	$1128.7149	Disposed	20034	Direct
2025-07-25	Common Stock	S	829	$1129.6128	Disposed	19205	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-07-25	Employee Stock Option (Right to Buy)	$513.50	M	18036	Disposed	2026-12-04	Common Stock (18036)	Direct

Footnotes

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.

F2: This transaction was executed in multiple trades at prices ranging from $1,122.96 to $1,123.95. 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 $1,124.00 to $1,125.00. 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.

F4: This transaction was executed in multiple trades at prices ranging from $1,125.01 to $1,126.01. 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 $1,126.22 to $1,127.21. 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 $1,127.23 to $1,128.15. 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 $1,128.27 to $1,129.25. 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 $1,129.38 to $1,129.83. 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: These options vested in equal installments on December 4, 2022, December 4, 2023 and December 4, 2024.