SCHEDULE 13G: BlackRock Discloses 5.9% Stake in Forge Global Holdings

BlackRock, Inc. has reported a 5.9% beneficial ownership stake in Forge Global Holdings, Inc., holding 813,292 shares of common stock as of December 31, 2025.

Summary

• BlackRock, Inc. has filed a Schedule 13G, disclosing its beneficial ownership in Forge Global Holdings, Inc.
• As of December 31, 2025, BlackRock, Inc. beneficially owned 813,292 shares of Forge Global Holdings, Inc. Common Stock.
• This ownership represents 5.9% of the total outstanding shares of the class.
• BlackRock, Inc. holds sole voting power over 802,778 shares and sole dispositive power over 813,292 shares.
• No shared voting or dispositive power was reported.
• The filing indicates that BlackRock, Inc. is a parent holding company and that various persons have the right to receive dividends or proceeds from the sale of these securities, but no single person's interest exceeds five percent of the total outstanding common shares.

Sentiment

Score: 5

Explanation: The filing is a factual disclosure of beneficial ownership, which is neutral in sentiment. While a significant stake by a major investor can be perceived positively, the filing itself does not contain explicit positive or negative statements about the issuer's performance or outlook.

Positives

• A major institutional investor like BlackRock, Inc. disclosing a significant stake (5.9%) can be viewed as a vote of confidence in Forge Global Holdings, Inc. by the market.

Future Outlook

This filing is a disclosure of current beneficial ownership and does not contain forward-looking statements or guidance regarding Forge Global Holdings, Inc.'s future performance or BlackRock's future investment intentions beyond the certification that the shares were acquired in the ordinary course of business.

Management Comments

• BlackRock, Inc. certifies that, to the best of its knowledge and belief, 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.

Industry Context

This filing reflects a standard disclosure by a large asset manager, BlackRock, Inc., indicating its passive investment stake in Forge Global Holdings, Inc. It is common for institutional investors to cross the 5% ownership threshold, triggering such disclosures, which provide transparency into significant holdings in publicly traded companies.

Stakeholder Impact

• Shareholders of Forge Global Holdings, Inc. may view BlackRock's significant stake as a positive signal, potentially increasing investor confidence and attracting further institutional interest.
• The disclosure provides transparency to the market regarding a major institutional holder's position in the company.

Key Dates

Keywords

BlackRock, Forge Global Holdings, Beneficial Ownership, Institutional Investor, Common Stock, Schedule 13G, Equity Stake