SCHEDULE: BlackRock Amends Under Armour Stake to 8.3%
Beneficial Ownership Amendment
BlackRock, Inc. has filed an Amendment No. 3 to its Schedule 13G, disclosing an 8.3% beneficial ownership in Under Armour Inc. common stock as of December 31, 2025.
Summary
- BlackRock, Inc. reported beneficial ownership of 16,606,506 shares of Under Armour Inc. common stock.
- This represents 8.3% of the class of securities outstanding.
- BlackRock holds sole voting power over 16,245,984 shares.
- BlackRock holds sole dispositive power over 16,606,506 shares.
- The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Under Armour Inc.
- BlackRock Fund Advisors is identified as an entity within BlackRock, Inc. that beneficially owns 5% or greater of the outstanding shares.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing (Schedule 13G/A) disclosing passive ownership by a large institutional investor. It does not contain information that would typically alter sentiment positively or negatively regarding the issuer's operational or financial performance.
Future Outlook
NA
Industry Context
This filing is a routine disclosure by a large institutional investor, BlackRock, Inc., regarding its passive ownership stake in Under Armour Inc. It reflects BlackRock's ongoing investment activities and does not indicate any specific strategic or operational changes for Under Armour Inc. or broader industry trends beyond typical institutional portfolio management.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Update | BlackRock, Inc. executed a new Power of Attorney on January 21, 2025, revoking a previous one dated April 30, 2023. This new document appoints several individuals as attorneys-in-fact for executing ownership or control-person reporting requirements, including SEC filings. | 2025-01-21 | This is a standard internal corporate governance update for BlackRock, ensuring proper authorization for regulatory filings. It has no direct impact on Under Armour Inc.'s corporate governance. |
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional holder's stake, confirming BlackRock's continued passive investment in Under Armour Inc.
Key Dates
| Date | Description |
|---|---|
| 2023-04-30 | Previous Power of Attorney date, which was revoked. |
| 2025-01-21 | Effective date of the new Power of Attorney. |
| 2025-12-31 | Date of event requiring the filing of this statement (reporting period end). |
| 2026-01-21 | Signature date of the Schedule 13G/A filing. |
Keywords
Under Armour, BlackRock, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, SEC Filing
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