SCHEDULE: BlackRock Discloses 10.9% Stake in AdaptHealth Corp.

BlackRock, Inc. has filed an amended Schedule 13G, reporting a 10.9% beneficial ownership stake in AdaptHealth Corp.'s common stock as of June 30, 2025.

Summary

• BlackRock, Inc. filed an Amendment No. 4 to Schedule 13G regarding its beneficial ownership of AdaptHealth Corp. common stock.
• As of June 30, 2025, BlackRock, Inc. beneficially owned an aggregate of 14,667,181 shares of AdaptHealth Corp. common stock.
• This ownership represents 10.9% of the total outstanding common stock of AdaptHealth Corp.
• BlackRock holds sole voting power over 14,413,701 shares and sole dispositive power over 14,667,181 shares.
• The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of AdaptHealth Corp.
• BlackRock Fund Advisors, a subsidiary of BlackRock, Inc., beneficially owns 5% or greater of the outstanding shares of the security class reported.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing disclosing a significant, passive institutional ownership stake, which is generally viewed as a positive signal of investor confidence in the company.

Positives

• Confirmation of a significant 10.9% ownership stake by BlackRock, Inc., a major institutional investor, in AdaptHealth Corp.
• The filing explicitly states that the shares are held in the ordinary course of business, indicating a passive investment rather than an intent to influence control.

Future Outlook

This Schedule 13G filing is a disclosure of current beneficial ownership and does not provide any forward-looking statements or guidance regarding AdaptHealth Corp.'s future performance or BlackRock's investment strategy beyond the passive nature of the holding.

Management Comments

• The securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities.

Industry Context

This document is a routine regulatory filing by a large institutional investor disclosing its passive ownership stake in a publicly traded company. It does not provide specific industry context for AdaptHealth Corp. or broader industry trends.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder, potentially influencing investor confidence and market perception.

Key Dates

Keywords

AdaptHealth Corp, BlackRock, Inc., Schedule 13G, beneficial ownership, common stock, institutional investment