BlackRock, Inc. (NYSE:BLK) Senior Managing Director J. Richard Kushel reported the sale of 2,385 shares of company stock on February 24, 2026, according to a Form 4 filing submitted to the Securities and Exchange Commission. The two sales together produced $2.58 million in gross proceeds.
The executed prices for the shares ranged narrowly between $1,083.05 and $1,084.9101 per share. The filing specifies that 2,000 shares were sold at $1,083.05 apiece, while the remaining 385 shares changed hands at $1,084.9101 per share.
Following these dispositions, Kushel retains direct ownership of 61,980.34 shares of BlackRock stock and holds an additional 92,488 shares indirectly through family trusts, as reported in the filing.
Market context included in the filing and related notes shows BlackRock shares trading at $1,090.27, with a market capitalization of $177.21 billion. Separate analysis from InvestingPro cited in the filing indicates that BlackRock appears overvalued relative to its Fair Value.
Investors seeking expanded metrics and valuation context were directed to a comprehensive Pro Research Report available through InvestingPro for BlackRock and more than 1,400 other U.S. equities.
The filing and accompanying company notes also summarized several contemporaneous developments at BlackRock. UBS upgraded BlackRock to a buy rating from neutral, citing increased confidence in sustained base management fee growth after the company's fourth-quarter results and comments provided by BlackRock's chief financial officer at the UBS Financial Services conference.
In governance news, BlackRock announced the election of Gregg R. Lemkau, Co-CEO of BDT & MSD Partners, to its Board of Directors as an independent director. The company framed the appointment as introducing additional financial and investment expertise to the board.
On the investment management front, the filing referenced public remarks in which White House adviser Kevin Hassett praised BlackRock's chief bond investment manager, Rick Rieder, identifying him as a potential candidate for the Federal Reserve Chair position.
Additional reports included in the company notes indicated that Chief Executive Officer Larry Fink, who serves as interim co-chair of the World Economic Forum's governing board, is considering relocating the WEF's annual meeting from Davos to alternative venues.
Finally, the filing referenced separate coverage concerning VoltaGrid, which is reportedly exploring fundraising options to support expansion amid growing demand for artificial intelligence. Those efforts reportedly include consideration of an initial public offering and discussions with private equity firms.
The Form 4 filing documents the insider transactions and the concurrent set of company developments that provide context for the trade. The declaration of the disposition, the retained direct and indirect holdings, and the surrounding analyst and corporate updates offer multiple data points for investors monitoring insider activity and company positioning.