SCHEDULE: BlackRock Discloses 10.9% Stake in Under Armour

BlackRock, Inc. has filed a Schedule 13G, reporting beneficial ownership of 22,172,935 shares of Under Armour Inc. common stock, representing 10.9% of the class.

Summary

• BlackRock, Inc. has filed an amendment to its Schedule 13G, indicating its beneficial ownership of Under Armour Inc. common stock.
• As of June 30, 2026, BlackRock beneficially owns 22,172,935 shares of Under Armour's common stock.
• This holding represents 10.9% of the total outstanding shares of Under Armour's common stock.
• BlackRock has sole voting power over 21,922,317 shares and sole dispositive power over 22,172,935 shares.
• The filing clarifies that this ownership is held in the ordinary course of business and not for the purpose of influencing control of the issuer.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral; it is a routine disclosure of beneficial ownership by a major institutional investor and does not inherently signal positive or negative performance for Under Armour.

Positives

• BlackRock, a significant institutional investor, holds a substantial stake in Under Armour, which can be viewed as a vote of confidence.
• The filing confirms that BlackRock's ownership is for ordinary business purposes, not for control, which may be reassuring to existing management and stakeholders.

Negatives

• The filing does not contain any negative financial or operational information about Under Armour; it solely reports BlackRock's ownership stake.

Risks

• Potential for BlackRock to significantly alter its holdings, which could impact Under Armour's stock price.
• Increased scrutiny on Under Armour's performance and governance due to the significant stake held by a major institutional investor.

Future Outlook

The filing does not contain forward-looking statements or guidance regarding Under Armour's future performance. It is a disclosure of beneficial ownership.

Management Comments

• "In accordance with SEC Release No. 34-39538 (January 12, 1998), this Schedule 13G reflects the securities beneficially owned, or deemed to be beneficially owned, by certain business units (collectively, the 'Reporting Business Units') of BlackRock, Inc. and its subsidiaries and affiliates."
• "It does not include securities, if any, beneficially owned by other business units whose beneficial ownership of securities are disaggregated from that of the Reporting Business Units in accordance with such release."
• "Various persons have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the common stock of UNDER ARMOUR INC. No one person's interest in the common stock of UNDER ARMOUR INC is more than five percent of the total outstanding common shares."
• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above 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 and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect..."

Industry Context

StockSavvy.ai notes that significant ownership filings by large asset managers like BlackRock are common in the apparel and footwear industry, reflecting active portfolio management and strategic investment decisions. This filing indicates BlackRock's continued interest in Under Armour as a significant holding.

Stakeholder Impact

• Shareholders: May view BlackRock's significant stake as a positive indicator of institutional support, but also as a potential source of stock price volatility if BlackRock adjusts its position.
• Management: May face increased scrutiny from a major shareholder regarding performance and strategic decisions.
• Creditors: The filing does not directly impact creditors, but overall company performance, influenced by major shareholders, is relevant.

Next Steps

• BlackRock will continue to monitor its investment in Under Armour.
• Under Armour will continue its business operations and financial reporting.

Key Dates

Keywords

Under Armour, BlackRock, Schedule 13G, Beneficial Ownership, Institutional Investor, Common Stock, SEC Filing, Securities Exchange Act